MLM Detective POSTS

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Seven Stars Group Review: Forex trading Ponzi fraud

Seven Stars Group provides no (accurate) information on their website about who owns or runs the company.The Seven Stars Group website domain (“sevenstars.group”) was privately registered on June 15th, 2018.
Despite existing for barely a few months, Seven Stars Group claims it was “founded in 2010” by Mario Rossi, a fictional “American forex trader”.
In an attempt to feign legitimacy, a UK incorporation certificate for “Seven Stars Group LTD” is provided.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
It instead far more likely Seven Stars Group is being operated from…

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Noble 8 funds used to pay for Blaine Williams’ cancer treatment?

Despite surfacing roughly nine months ago, Noble 8 Revolution has still failed to pay commissions.The company does however continue to collect monthly fees, with excuse after excuse trotted out for commission delays.
Now it has emerged co-founder Blaine Williams has been diagnosed with stage 3 cancer.
Noble 8 Revolution’s delays have been somewhat of a head-scratcher.
The company’s business model is a matrix Ponzi cycler, which literally would take no more than a few minutes to set up.
Yet despite this, and Blaine’s involvement in numerous similar Ponzi cyclers over the past few years, investment into Noble 8 Revolution cycler positions has been a one-way…

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WorldVentures granted permanent injunction against David Wood

Following on from a Temporary Restraining Order and contempt charge, WorldVentures has been granted a permanent injunction against David Wood.The Collin County Court case docket reveals WorldVentures and executives Wayne Nugent, Daniel Stammen and Josh Paine, appeared as plaintiffs at the scheduled August 27th trial.
Despite being served notice of the trial, David Wood failed to make an appearance.
After hearing  testimony from a witness, the trial proceeded.
WorldVentures and its executives were granted a permanent injunction. Wood has also been ordered to pay $21,889 in court and legal costs within 30 days.
As per recent videos on David Wood’s various YouTube channels, he’s currently…

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Kraken exchange refuses to list OneCoin’s OFC “Ponzi coin”

When OneCoin announced its OFC ICO last week, twelve public exchanges were initially featured on the ICO website.OneCoin claimed it was “contacting” the featured exchanged regarding public listing of their OFC ERC20 token.

Without explanation, OneCoin slashed the featured exchange number to just six within a few days.
Now, of the remaining six exchanges that were listed, one has publicly confirmed it has no plans to list OneCoin’s OFC “Ponzi coin”.
Since halving the listed exchanges it was supposedly contacting, OneCoin has since deleted the listing from their ICO website entirely.
You can still see the “exchanges” section of the website menu, even if now…

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AuLives Review: SGC Ponzi points OneCoin clone

AuLives provides no information about who owns or runs the company on its website.The AuLives website domain (“aulives.com”) was privately registered on May 29th, 2018.
An address in Dubai is provided on the AuLives website. Multiple businesses operate out of the same address however, suggesting the address actually belongs to a virtual office provider.
AuLives has an official corporate YouTube channel, on which there are several marketing videos.
These videos reveal the co-founders of AuLives to be Parwiz Daud and Mansour Tawafi.
Up until very recently, Daud and Tawafi were prominent promoters of the OneCoin Ponzi scheme.

On December 4th, 2017, Ted Nuyten’s Business For Home…

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Jeunesse California class-action alleges “no retail” pyramid scheme

Huiqin Xiong signed up as a Jeunesse distributor in August, 2015.Xiong, who goes by the name “Helen”, claims to have lost “approximately $10,000” trying to work her Jeunesse business.
On August 10th Xiong filed a class-action lawsuit against Jeunesse in California.
Jeunesse Global and top distributor Kim Hui are named defendants in the suit.
According to Xiong, Hui makes over $6 million a year as a Jeunesse distributor.
Xiong asserts Hui earns her money not from selling Jeunesse products to retail customers, but from
distributors signed up below her on the tall pyramid Defendants have constructed.
In support of this allegation, Xiong quotes Hui as stating “in…

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USI-Tech begs Ponzi victims to use TechCoinDeals

Thought the USI-Tech Ponzi scheme had completely collapsed?Yeah, not quite.
USI-Tech had initially planned to exit-scam through the TechCoin ICO.
Y’know, the usual stuff: Promise the shitcoin will moon, get it listed on some shady exchanges and then convert unpayable Ponzi ROI balances to TechCoin and do a runner.
Fortunately USI-Tech’s plans were interrupted by pesky US regulators. Nevertheless they did manage to launch TechCoin and keep a few investors strung along.
Unfortunately adoption of TechCoin isn’t where USI-Tech wants it to be just yet.
USI-Tech is still trying to get TechCoin listed on an exchange. To further that goal they’ve set up “TechCoinDeals”.
TechCoinDeals is an…

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Zhunrize victims recover $41.2 million, claims process concludes

A Fourteenth Status Report has been filed by the Zhunrize Receiver, revealing that the victim claim process will wrap up this quarter.To date the Receivership has returned $41, 228, 972 to Zhunrize victims, most of whom are from Asia.
As of June 30th, 2018, $282,124 worth of checks have been undeliverable, with an additional $14,460 in six checks issued in the second quarter outstanding.
The Receiver has made multiple attempts to contact these victims to obtain correct delivery addresses but has been unsuccessful.
To that end, the Receiver will cease further attempts to deliver these distributions.
The Receiver does not intend to reissue any of the…

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PosMiners Review: 45 day ROI bitcoin & gold poker Ponzi scheme

The PosMiners website provides no information about who owns or runs the company.The PosMiners website domain (“posminers.com”) was privately registered on December 10th, 2017.
At the time of publication Alexa estimate that Armenia makes up 51% of traffic to the PosMiners website. This suggests that whoever is running PosMiners is probably based out of Armenia itself.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
PosMiners Products
PosMiners has no retailable products or services, with affiliates only able to market PosMiners affiliate membership itself.
The PosMiners Compensation…

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Holiday Coin Club Review: Matrix cycler with a mandatory travel twist

The Holiday Coin Club is anti-consumer and does nothing to encourage retail sales.Visitors to the website are informed they require “exclusive access” to the Holiday Coin Club website, through an affiliate referral link.
A “company information” link is present at the bottom of the website, however this redirects to a new page where only a shell company address in the Marshall Islands is provided.
The Marshall Islands is a known tax-haven and not somewhere you’d expect a reputable MLM company to provide a corporate address in.
The Holiday Coin Club website domain (“holidaycoinclub.com”) was first registered in 2017.
The domain registration was last updated on…