MLM Detective POSTS

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OneCoin Swedish police investigation resumed on March 17th

Late last week OneCoin published a press-release claiming Swedish police had closed their investigation into OneLife. ‘Citing an unsourced “police statement”, OneCoin claimed police had “indicated”there was no basis upon which to continue the investigation as there was no reason to believe that an offense had been committed.The Police confirmed its decision to the Gaming Authority on March 1st 2017.Ignoring OneCoin’s Ponzi business model, the recent regulatory ban in Italy, monthly bank account closures throughout 2016 and regulatory warnings from over a dozen countries, OneCoin affiliates were quick to cite the closure of the investigation as proof of legitimacy.Ted Nuyten dutifully…

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Platinum World Team Build Review: $100 in, $166,800 out Ponzi cycler

Platinum World Team Build provide no information on their website about who owns or runs the business.The Platinum World Team Build website domain (“platinumworldteambuild.com”) was registered on December 8th, 2016.Ramon Escalera is listed as the owner, with an address in the US state of North Carolina also provided.Ramon Escalera (right) first popped up on BehindMLM’s radar last year, as admin of the 25 Dollar Legacy pyramid scheme.25 Dollar Legacy is still around today, although Alexa traffic estimates suggest recruitment flatlined in late 2016.Read on for a full review of the Platinum World Team Build MLM opportunity.Platinum World Team Build ProductsPlatinum World Team…

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BTC Avalanche Review: 2×4 matrix bitcoin cash gifting

The BTC Avalanche website identifies Simon Huppertz and Tom Kent as owners of the company.According to their respective BTC Avalanche corporate bios, Simon Huppertz is an ‘online marketer living in Germany‘. Tom Kent meanwhile has ‘a lot of experience in Facebook Marketing, email, Instagram and traffic!‘Kent is based out of Australia and first popped up on BehindMLM’s radar as the admin of Entrepreneur Future Shares.Prior to that Kent ran Flipping Money (also known as “Flip The Seed” and “Tom’s Flipping Service”), a bank wire HYIP that promised investors a 1000% ROI in 5 to 8 weeks.Flipping Money collapsed shortly after launch and…

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TelexFree owners: Investors were “assholes”, “dumb people”

In order for owners and early investors of Ponzi schemes to withdraw money, they have to convince those below them to reinvest.Also referred to as “compounding” or “building”, in a nutshell non-existent money is recycled into more non-existent money, all the while real money is being pulled out by admins and early investors.Everybody winks and thinks they’re getting rich because balances in their backoffices continue to grow. When the time comes to withdraw though, it all falls apart.In TelexFree, currently the largest MLM Ponzi scheme of all time, things were no different.While BehindMLM and the few publications following the scam continued to call them…

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Bitcoin Earning School Review: 3×4 matrix bitcoin cash gifting

Bitcoin Earning School name two CEOs on their website, Mikey Robertson and Morris Melara. Of the two, Robertson is credited as the sole owner of the company.Michael Robertson is based out of Queensland, Australia and appears to be knee-deep in MLM underbelly fraud.Scams Robertson has been promoting over the last few months include Elite Earners Club (weekly ROI Ponzi), Trade Coin Club, My Paying Crypto Ads (HYIP Ponzi), ZarFund, LaraWithMe and Easy 1Up.Prior to scamming people, Robertson appears to have fancied himself as a gaming streamer. Video view counts over 2015 to 2016 suggest that didn’t work out.Drew Burton of My24HourIncome notoriety might also be…

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Bitcoin Penny Auction Review: Bitcoin trading penny auctions

Bitcoin Penny Auction identify Ton van Houten as founder and CEO of the company.This matches up with the Bitcoin Penny Auction website domain (“bitcoinpennyauction.com”) registration, which lists van Houten as the owner.Van Houten is based out of Gouda in the Netherlands. As per his Bitcoin Penny Auction corporate bio;Through the years he has developed himself into a specialist regarding Internet and has followed several courses, which led to his extensive online experience.In the past Ton has held several positions, among as a director for a Dutch based search engine.Possibly due to language barriers, I was unable to put together an MLM…

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Ultimate Business World linked to notorious Norwegian scammer

When I first reviewed Ultimate Business World late last year, it struck me as odd that the company’s public Chairman, Paal Aschjem, had no MLM history.Surely he wasn’t working alone, however the question of who was really behind Ultimate Business World was left unanswered.Following an investigation by Norwegian and Estonian journalists, turns out UBW was conceived by a notorious Norwegian scammer.Jim Wolden (right) founded The 5 Percent Community (T5PC) in 2000. Through T5PC, Wolden solicited share investment from about 50,000 Norwegian affiliates.In 2004 T5PC collapsed, resulting in $160 million dollars worth of losses. T5PC management were sent to prison.Five months after setting…

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CoinSpace an illegal investment opportunity in Italy, KYC

CONSOB, Italy’s SEC equivalent, has determined CoinSpace’s cryptocurrency offering to be a “financial product”.Seeing as CoinSpace are not registered to promote financial products in Italy, CONSOB has effectively issued a ban on promotion of the company.BehindMLM reviewed CoinSpace back in February, 2016. CoinSpace affiliates invest in S-Coin Ponzi points, with ROIs through an internal exchange paid out of subsequently invested funds.CONSOB’s investigation reached a similar conclusion, finding ROIs of up to 50% per month as well as daily ROIs advertised.CONSOB’s investigation focused on “coinspace1.com”, which markets CoinSpace in Italian.The conclusion reached by CONSOB was to suspend promotion of CoinSpace in Italy for…

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Bitcoin Funding Team Review:

Bitcoin Funding Team provide no information on their website regarding who owns or runs the business.The Bitcoin Funding Team website domain (“bitcoingfundingteam.com”) was privately registered on February 3rd, 2017.Bitcoin Funding Team is hosted on a private server that hosts the domain “2forsuccess.com”.2ForSuccess launched in late 2016 and offered some type of “blog mastery” course. The company flopped, with a visit to the 2ForSuccess website today revealing the domain is parked.Research into 2ForSuccess reveals those promoting it are now promoting Bitcoin Funding Team. These affiliates name Thomas Dluca as Bitcoin Funding Team’s founder.Dluca seems to have a history of promoting MLM underbelly scams.In…

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DOJ wants James Merrill behind bars for ten years

Any notion that James Merril might get off lightly for cooperating with authorities has been dashed, following the filing of a ten-year recommended prison sentence.And that’s with full consideration of his cooperation.As per a sentencing memorandum filed last Thursday;Merrill paid himself $4.5 million, even, as prosecutors alleged, when he knew the risks and the flaws of the TelexFree system. But prosecutors spared him a stiffer sentence in the plea deal, they said, because Wanzeler played a “greater role” in the scheme.The contents of Merrill’s plea deal are sealed and to date we don’t know any specifics. I think it goes without saying…