MLM Detective POSTS

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HitStake Review: HITS points ICO lending Ponzi scheme

HitStake provide no information on their website about who owns or runs the business.The HitStake website domain (“hitstake.com”) was privately registered on February 13th, 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.HitStake ProductsHitStake has no retailable products or services, with affiliates only able to market HitStake affiliate membership itself.The HitStake Compensation PlanHitStake affiliates acquire pre-generated HITS points from the company’s anonymous owners.HITS are sold to HitStake affiliates for 60 cents to $1.20 each.Once acquired, HITS points are “lent” back to HitStake…

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Ariix acquires NuCerity in March 5th merger

Although they’ve framed it as a merger, by all appearances Ariix looks to have acquired NuCerity on March 5th.As per an announcement on Ariix’s website;On March 5, 2018, ARIIX, an international opportunity company that promotes healthy, toxin-free living announced its merger with NuCerity, a Houston, Texas-based network marketing company.This partnership formed due to different market strengths and the opportunity those strengths presented for the representatives, along with strong projected sales figures.Of the two companies Ariix definitely appears stronger, as reflected in sales revenue ($178% million vs. $35 million in 2017) and website traffic.NuCerity had a brief spike in interest in early…

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Traffic Monsoon victim claims portal on the horizon (clawbacks too)

The latest Traffic Monsoon Receiver’s quarterly report suggests that a victim claims portal might not be too far off.As with most Ponzi schemes, Traffic Monsoon failed to keep detailed records of transactions occurring within the platform.Since being appointed, the Traffic Monsoon Receivership has had to sift through ‘literally hundreds of millions of records and transactions approximating a billion dollars‘.Using the recreated records, BRG has been able to determine on a preliminary basis that there are 101,840 persons with claims against the Receivership Estate, and that the amount of total claims is in excess of $114,286,000.00.The good news is that as of the…

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Power Mining Pool securities cease and desist issued in North Carolina

Texas might have some competition as the top cryptocurrency securities fraud regulator in the US, following a Power Mining Pool cease and desist issued in North Carolina.BehindMLM reviewed Power Mining Pool last September and, based on its business model and lack of disclosures surround its purported “cryptocurrency trading and mining”, concluded it was a 50 EUR in, 70 EUR out Ponzi scheme.Having investigated Power Mining Pool itself, the North Carolina Securities Division seems to agree.As noted in our own review, the Securities Division confirms they haven’t been able to establish whether Power Mining Pool’s purported owners, Andrew and Mike Conti, “are real…

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FTC deconstruct all aspects of Digital Altitude’s “fraudulent operation”

As of yet I don’t have any news on the outcome of the scheduled preliminary injunction hearing today.As per the FTC vs. Digital Altitude case docket over the past week or so though, here’s what we do know.Defendants Alan Moore, Sean Brown and Morgan Johnson have consented to the entry of a preliminary injunction against them.The consented preliminary injunctions stipulate the permanent appointment of the Digital Altitude Receiver and maintaining the current asset freeze.Digital Altitude, Michael Force and Mary Dee are fighting the injunction and filed a Memorandum in Opposition on February 27th.In response to the memorandum the FTC maintainDigital Altitude…

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Hourlyer Review: Bitcoin mining = 52,000% annual ROI?

Hourlyer provide no information on their website about who owns or runs the company.The Hourlyer website domain (“hourlyer.com”) was privately registered on January 24th, 2018.Hourlyer claim to be incorporated in the UK and provide an incorporation certificate for “Hourly Limited”.Hourly Limited was incorporated in the UK on March 14th, 2017. Whether the company actually has anything to do with Hourlyer though is unclear.In any event UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.As always, if an MLM company is not openly upfront about who is running or owns…

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Hour Grows Review: 52,000% annual ROI through forex trading?

Hour Grows provide no information on their website about who owns or runs the business.The Hour Grows website domain (“hourgrows.com”) was privately registered on January 12th, 2018.On their website Hour Grows claims to be incorporated in the UK;In 2016 we were incorporated in London under the name Hour Grows LTD.A search of the UK Companies House database however reveals no such incorporation exists.Based on this, the London corporate address is provided on the Hour Grows website is assumed to have nothing to do with the company.At the time of publication Alexa estimate that 75% of traffic to the Hour Grows website…

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Bitqyck to undermine US securities law with “international mining”

To hear Bitqyck affiliate Scott Brewster tell it, cryptocurrency mining is illegal in the US.[18:00] The North American structure, the government and the laws and everything, makes it difficult to impossible to pay miners for introducing mining to other people.What Brewster is referring to is the offering of an unregistered security, which is of course illegal in the US.Within the context of MLM cryptocurrency mining, affiliates invest funds with a company and receive a passive ROI, purportedly generated via cryptocurrency mining.There’s nothing illegal about it, provided the company registers its securities offering with the SEC and is 100% transparent about generated…

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NuVerus Review: Black seed nutrition & autoship recruitment

NuVerus launched in 2009 and operate in the nutritional supplement MLM niche.The company is based out of Texas in the US and headed up by Founder and CEO, Michael Jareou.Jareou’s NuVerus corporate bio credits him as a multi-millionaire by the age of 26.(Jareou) started Digital Security Network,(DSN) and because of his excellent business capabilities, DSN became one of the biggest electronic security companies in the USA .He then sold DSN, to Ameritech, a Fortune 100 company.He then founded the Physicians Wellness Group (PWG), which in short time grew to be a multi-million dollar network marketing and distribution company.His ingenuity started the popular…

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Top BitConnect investor contemplates prison time

When I checked the various BitConnect lawsuit case dockets a few days ago, other than a preliminary injunction granted against Ryan Maasen, there wasn’t anything significant to report on.Behind the scenes though, BitConnect’s biggest promoters appear to be preparing for the worst.Tracking the activity of BitConnect’s top US investors has proven challenging, owing to the mass-deletion of evidence.Under the pretext of having nothing to worry about, Craig Grant and Trevon James were the only two investors who continued to front their victims.Over the past week that sentiment has changed, following the deletion of anything BitConnect related from both Grant and James’…