MLM Detective POSTS

0

BitEstate Review: Bitcoin real estate services = 5292% annual ROI?

BitEstate provide no information on their website about who owns or runs the company.The BitEstate website domain (“bitestate.biz”) was privately registered on November 7th, 2017.Although BitEstate claims to be operated out of London, UK, it is far more likely that whoever is actually running it is based out of Russia or the Ukraine.Alexa estimate Russia is currently the largest source of traffic to the BitEstate website (20%).Russian is an offered language on the BitEstate website. BitEstate also operate a VKontakte social media account, which the company publishes content to in Russian.As always, if an MLM company is not openly upfront about…

0

Social Profimatic Review: 8% daily bitcoin/litecoin Ponzi scheme

Social Profimatic provide no information on their website about who owns or runs the business.The Social Profitmatic website domain (“socialprofitmatic.com”) was privately registered on February 18th, 2018.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.Social Profimatic ProductsSocial Profimatic has no retailable products or services, with affiliates only able to market Social Profimatic affiliate membership itself.The Social Profimatic Compensation PlanSocial Profimatic affiliates invest $10 or more in bitcoin and/or litecoin on the promise of an 8% daily ROI.There doesn’t appear to be an…

0

CryptoCash Nation Review: 7 Rings of Wealth crypto pyramid reboot

CryptoCash Nation provide no information on their website about who owns or runs the business.The CryptoCash Nation website domain (“cryptocashnation.com”) was registered on December 30th, 2017.Jill Field of “FXB Trading Inc.” is listed as the owner, through an address in British Columbia, Canada.I wasn’t able to find any definitive ties to Jill Field and CryptoCash Nation.There is a cryptocurrency exchange that goes by the name of FXB Trading, however again it doesn’t appear to have any links to CryptoCash Nation.In a CryptoCash Nation marketing video, Thomas Fraser is identified as one of the co-founders of the company.Fraser (right) appears to reside in…

0

GB21 Review: GainBitcoin Ponzi reboot touts $450,000 mining contracts

GB21 provide no information on their website about who owns or runs the business.The GB21 website domain (“gb21.com”) was first registered on May 9th, 2013.The domain registration details were recently updated on January 10th, 2018, suggesting this is around the time the current owner(s) acquired it.On their website, GB21 market MCAP altcoin mining packages.MCAP is a worthless cryptocurrency attached to the Gain Bitcoin Ponzi scheme.Gain Bitcoin launched in mind 2017 and offered investors a 10% monthly ROI on investment of up to 13.75 BTC.The catch was ROI payments were paid in MCAP.After investor recruitment died down, Gain Bitcoin collapsed in November,…

0

Super Affiliate Network Review: $17,491 “all in” coaching memberships

Super Affiliate Network launched in mid 2016. The company provides a corporate address on their website in the US state of Hawaii.Heading up Super Affiliate Network is Founder, Misha Wilson.So the story goes;After getting started Online at the age of 22, (Misha Wilson) soon there after hit 6 figures by the age of 24, and then scaled his company to the multimillion dollar mark by the age of 25.After being a top earner in multiple different opportunities, and watching 97% of all of his teammates fail due to not being able to duplicate his efforts, Misha saw a gap in the…

0

Viridian settles deceptive marketing & sales tactics allegations for $5 mill

BehindMLM reviewed Viridian last December. One of the primary concerns raised was a potential lack of retail viability due to high service costs.Turns out we were onto something.Earlier today the Massachusetts Attorney General’s Office announced a $5 million dollar settlement with Viridian.In reaching the settlement, Viridian acknowledged it had used “deceptive marketing and sales tactics that lured residents into costly contracts with high electricity rates”.No matter what was promised or pitched to potential retail customers by Viridian affiliates, the AG’s Office allegedthat consumers who switched to Viridian ultimately paid more for electricity than if they had stayed with their utility.Viridian contracted…

0

Detail MaxiNet SEO Ponzi scheme busted in Turkey

An ongoing crackdown on scams operating in Turkey has lead authorities to shut down another Ponzi scheme, this time Detail Maxinet.Known locally as “Detay MaxiNet”, Detail MaxiNet affiliates invest $590 to $2242 on the promise of a monthly ROI for 12 months.To qualify for the ROI, Detail MaxiNet affiliates must download and run software for eight to twenty-four hours a day, depending on how much they invest.Detail MaxiNet affiliates are also paid to recruit new investors through an MLM compensation plan.Special details of Detail MaxiNet’s compensation plan are not provided on the company’s website.Detail MaxiNet claim to use investor computing power…

0

Ormeus Global commissions not paid “for over a year”?

Within hours of publishing yesterday’s article quoting a recent Ormeus Global marketing pitch by Troy Rejda, we received a legal threat from Mark Pooser.Pooser claimed our quoting a marketing pitch by a third-party that in turn claimed to quote him was somehow slanderous on our part.Naturally we disagreed and suggested he ask Troy Rejda why he was mistakenly quoting him.Pooser never got back to us on that.What’s perhaps of more interest though is Pooser’s comments on the current state of Ormeus Global – which differ wildly from the potential earnings Troy Rejda projected.In his original Ormeus Global pitch, Rejda quoted a Facebook post from…

0

Zukul Trader Review: Zukul to reboot as crypto trading scheme

Zukul launched in 2014 and is headed up by co-founders Jeremy Rush and Michael Bloom.BehindMLM first reviewed Zukul in 2016, finding its business model to be that of a subscription-based pyramid scheme.When that flopped Zukul reinvented itself as an adcredit “revenue sharing” Ponzi scheme.When that flopped Zukul reinvented itself as Zukul Gold, which fed Zukul affiliates into Jeremy Rush’s Eagle Aurum Team cycler Ponzi downline.Zukul Gold was short-lived and also eventually collapsed.As Zukul affiliate losses mounted, Jeremy Rush (right) threatened to sue anyone who publicly criticized him or the company.Things were pretty quiet over at Zukul throughout 2017.No doubt watching the rest of the…

0

4300% annual ROI touted through Ormeus Global ORME investment

Whereas the cryptocurrency market has more or less been in a slump since January, Ormeus Global’s ORME altcoin is currently pumping.This isn’t that unusual, as MLM altcoins can be insulated from natural market activity via new investment tied to new affiliate recruitment.What’s disturbing however is how affiliates are using ORME’s current value to market the Ormeus Global MLM opportunity.Ormeus Global launched mid last year and, purportedly through a trading bot, promise investors a 160% ROI.At the time of launch Ormeus Global claimed its business opportunity was “not available in the United States”, however that hasn’t stopped US investors from signing up…