Through myWorld Enterprise Program, Lyoness is still “all about positions!”

April 20, 2018 mlmdetective 0

Five years ago we covered leaked Lyoness internal video, in which owner and CEO Hubert Friedl laid out the company’s business model.It’s all about positions, positions, positions, positions.By making downpayments one can acquire positions in the Lyoness system.I don’t go out to merely register someone, it’s not about registering people for the cashback card. Then I could as well just register you at the nearby swimming pool.Five years later, nothing has changed.Lyoness, now known as myWorld, recently held their annual “President Council” in Pamhagen, Austria.The big announcement at the event was “limited edition discount vouchers” which, as Friedl explained, are available…

MinerWorld under criminal investigation in Brazil

April 20, 2018 mlmdetective 0

MinerWorld, an MLM cryptocurrency touting 12 month mining ROIs, is under investigation in Brazil.Yesterday Brazilian Federal Police and the Public Ministry announced they were investigating MinerWorld, on suspicion the company is a pyramid scheme.In addition to a federal investigation, MinerWorld’s owner, Cícero Saad Cruz (right), is the subject of organized crime investigations in Mato Grosso do Sul and Sao Paulo.These investigations lead to a recent raid on MinerWorld’s Campo Grande headquarters.Authorities in Mato Grosso do Sul claim their investigation revealed no evidence of MinerWorld mining bitcoin in Brazil or abroad.MinerWorld claims it mines bitcoin in Paraguay and China.The investigation follows reports from investors…

Eagle Bit Trade Review: 8.5% weekly ROI crypto trading bot Ponzi

April 19, 2018 mlmdetective 0

The Eagle Bit Trade website names Edson Júnior as President of the company. No additional information is provided.Further research reveals affiliates naming Edson Junior Amaral (right) as Eagle Bit Trade’s CEO.Other than ascertaining Amaral is from São Paulo, Brazil, I was unable to put together an MLM history.The Eagle Bit Trade website domain (“eaglebittrade.com”) was privately registered on January 2nd, 2018.Eagle Bit Trade ProductsEagle Bit Trade has no retailable products or services, with affiliates only able to market Eagle Bit Trade affiliate membership itself.The Eagle Bit Trade Compensation PlanEagle Bit Trade affiliates invest $97 to $6997 on the promise of an 8.5% weekly ROI.Basic…

Vitae Global collapses, drops MLM as Viba Global

April 19, 2018 mlmdetective 0

The fallout of Vitae Global’s legal battles with Valentus has emerged, following the collapse of the former.Visitors to the Vitae Global website are informed the company ‘is no longer in business as of Thursday April 12th, 2018.‘Alexa traffic estimates for the Vitae Global website suggest interest peaked in the fourth quarter of 2017, before dropping off sharply in early 2018.The collapse occurred just shy of two months of a settlement between Valentus and Vitae Global.In May 2017 Advanced Labroratories and owner Louis Volpe filed a contract dispute lawsuit against Valentus.Valentus in turn filed a RICO violations counter-claim against Volpe and Vitae…

SwissGolden scammers arrested in Nigeria, $601,600 recovered

April 19, 2018 mlmdetective 0

SwissGolden was a cycler Ponzi we here at BehindMLM reviewed back in 2014.While the company traded in euro and represented it was operated out of the UK, British Virgin Islands and Hong Kong, turns out a Russian and two Nigerians were behind it.Following the filing of a petition by thousands of SwissGolden victims, who claim to have lost over $2.7 million, Nigeria’s Economic and Financial Crimes Commission launched an investigation.The investigation lead to the arrest of Maxim Lobaty, a Russian national and Austin Emenike and Dickson Nonso Onuchukwu, two Nigerians.After being drilled at the commission’s Kano zonal office, Maxim and his co-suspects consented…

Top USI-Tech promoter Justin Verrengia sends FBI after critic?

April 18, 2018 mlmdetective 0

Justin Verrengia was one of USI-Tech’s top US-based investors.After USI-Tech collapsed in the US, Verrengia, who is based out of Florida, began scrubbing the internet of his association with the Ponzi scheme.Most of Verrengia’s promotion of USI-Tech, primarily through his “Crypto Alchemy” Facebook group, has since been made private or deleted.I did however find one Nigerian USI-Tech affiliate claiming Verrengiais the highest earner in usi-tech, he made about 51 BTC in just 72 days. Yes, I said 52 BTC.I have known Justin for a while in other business online so this result is typical of him.The video description of a deleted…

Redwood Scientific Technologies under investigation for FTC Act violations

April 18, 2018 mlmdetective 0

BehindMLM recently reviewed RengaLife on April 13th.While I didn’t personally come across any suspect marketing claims as part of my research, it has emerged RengaLife’s parent company, Redwood Scientific Technologies, is being investigated for suspected violations of the FTC Act.In August, 2017, the FTC issued Redwood Scientific Technologies with a civil investigative demand (CID).The CID was part of the FTC’sinvestigation into (Redwood Scientific Technologies’) advertising and marketing practices for a smoking cessation product and an appetite suppressant.These products are TBX-Free and Eupepsia Thin, both offered through RengaLife.Specifically, the FTC are investigating whether Redwood Scientific Technologiesmade false or unsubstantiated representations concerning TBX-FREE’s efficacy…

BitConnect investor alert issued in Ontario, Canada

April 18, 2018 mlmdetective 0

Three months after its collapse, the Ontario Securities Commission has issued an investor warning against BitConnect.BitConnect’s collapse was one of the more spectacular MLM cryptocurrency implosions, wiping $2.4 billion dollars off the BCC market cap.BCC is currently at $1.36 and still being traded (albeit less than $10,000 a day), which might have something to do with the Securities Commission’s alert.BitConnect manages the websites bitconnect.co and bitconnectcoin.co, where it claims to operate an online exchange platform known as the BCC Exchange.These sites offer multiple investment opportunities that include “mining”, “trading” and “staking” BitConnect Coin, which is also known as BCC Coin.BitConnect also claims…

Preliminary injunction entered against Chandler, Gatto & Dluca

April 17, 2018 mlmdetective 0

In yet another example of the “scam people and play dumb when caught” defense not working, a preliminary injunction has been granted against Scott Chandler, Louis Gatto and Thomas Dluca.The three defendants were sued by the FTC last month as top earners in the Bitcoin Funding Team, My7Network and JetCoin scams.After their assets were frozen via a Temporary Restraining Order, defendants Chandler and Gatto filed “you can’t sue us, we knew nothing!” objections.Thomas Dluca failed to file any response and appears to have gone into hiding.Chandler, Gatto and Pinkston’s objections were dismissed after the court conducted a review of evidence submitted by the…

EtherLink Review: LendConnect ICO lending Ponzi reboot

April 17, 2018 mlmdetective 0

EtherLink provide no information on their website about who owns or runs the business.The EtherLink website domain was first registered on April 5th, 2015.The domain registration details were last updated on April 5th, 2018, which is presumably when the domain’s new anonymous owner(s) took possession of it.If you click the “whitepaper” link on the EtherLink website, you’re presented with a whitepaper for “LendConnect v.3.0”:A visit to the LendConnect website reveals a March 19th “re-branding” announcement:Investors,Re-branding confirmed! All details will be released soon.From this we can surmise EtherLink is a reboot of LendConnect.LendConnect was an ICO lending Ponzi scheme launched in late…