Money Exchanger Review: Three currency matrix-based cash gifting

July 11, 2017 mlmdetective 0

Money Exchanger provide no information on their website about who owns or runs the business.The Money Exchanger website domain (“moneyexchanger.biz”) was registered on April 7th, 2017.Obakeng Morake (right) is listed as the owner, through an incomplete address in South Africa.In 2016 Morake was promoting the WeShare Crowdfunding gifting scheme.Launched in mid 2015, by mid 2016 WeShare Crowdfunding had collapsed.Read on for a full review of the Money Exchanger MLM opportunity.Money Exchanger ProductsMoney Exchanger has no retailable products or services, with affiliates only able to market Money Exchanger affiliate membership itself.The Money Exchanger Compensation PlanMoney Exchanger affiliates gift USD, South African Rand or…

JetCoin 2.0 Review: Trading facade dropped, same Ponzi scam

July 11, 2017 mlmdetective 0

One of the unspoken rules of the MLM underbelly is that once tainted, a company name forever remains tainted.Thus if the admin(s) of the original scheme which to defraud again, they need to come up with a new name.The tainting of an MLM underbelly scheme typically comes about through regulatory intervention or the scheme collapsing.JetCoin collapsed recently due to the latter. And despite having only launched barely a month ago and the ashes of the original not even cooled, a new scheme bearing the same name has just been announced.Read on for a full review of the JetCoin 2.0 MLM opportunity.The…

Acre fines TelexFree $921,531, orders company pay back investors

July 11, 2017 mlmdetective 0

Regulatory proceedings against Ympactus, the Brazilian arm of the TelexFree Ponzi scheme, began all the way back in June, 2013.On June 19th, 2014, Public Prosecutors in the Brazilian state of Acre were granted an injunction against Ympactus.The ruling was effectively the beginning of the end of the end of TelexFree’s operations in Brazil.What followed was a comical amount of appeal filings by TelexFree, all of which were denied. I personally stopped following them after appeal number fourteen failed.Based in part on a third-party audit by Ernst & Young, in September, 2015, Judge Thais Borges ruled Ympactus was a Ponzi scheme.Judge Borges…

Cryptocurrency Bank MLM Review: a cryptocurrency global virtual bank?

July 10, 2017 mlmdetective 0

Cryptocurrency Bank MLM provide no information on their website about who owns or runs the company.The Cryptocurrency Bank MLM website domain (“ccbmlm.com”) was privately registered on June 11th, 2017.At the time of publication Alexa currently estimate the US, Nigeria and Brazil are the top sources of traffic to the Cryptocurrency Bank MLM website.The Cryptocurrency Bank MLM affiliate agreement suggests the company might be run out of Florida;Venue and jurisdiction for any action pertaining to this agreement or any disagreement or claim between the parties hereto shall be in Palm Bach Country, State of Florida or in the United States District Court…

Ruja Ignatova charged with Ponzi fraud by Indian authorities

July 10, 2017 mlmdetective 0

Just over a week ago Indian authorities in Mumbai filed a chargesheet against six OneCoin affiliates.The affiliates stand accused of promoting the OneCoin Ponzi scheme in India.To date officers from the Mumbai EOW have arrested twenty-three suspects in connection with the promotion of OneCoin across India.Following up on the original chargesheet filed last month, the Mumbai EOW have filed a new chargesheet naming thirty suspects.One of the suspects in the new chargesheet is Ruja Ignatova (right). Indian authorities have identified Ignatova as “the founder of the Ponzi scheme”.“In this sort of scheme, investors become the perpetrators as well as victims. It…

Lets Multiply Review: Seven-tier matrix gifting with pyramid recruitment

July 9, 2017 mlmdetective 0

Lets Multiply provide no information on their website about who owns or runs the business.The Lets Multiply website domain (“letsmultiply.com”) was privately registered on September 26th, 2016.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.Lets Multiply ProductsLets Multiply has no retailable products or services, with affiliates only able to market Lets Multiply affiliate membership itself.The Lets Multiply Compensation PlanLets Multiply affiliates purchase $10 positions in a seven-tier matrix cycler.Matrix sizes used in Lets Multiply’s cycler include 3×2, 3×3, 3×4, 3×5, 3×6, 3×7…

DemixMine Review: 5% a day through cryptocurrency pool mining?

July 9, 2017 mlmdetective 0

DemixMine provide no information on their website about who owns or runs the business.The DemixMine website domain (“demixmine.com”) was privately registered on March 12th, 2017.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.DemixMine ProductsDemixMine has no retailable products or services, with affiliates only able to market DemixMine affiliate membership itself.The DemixMine Compensation PlanDemixMine affiliates invest money on the promise of an advertised daily ROI:invest $1 to $10 and receive 3% a dayinvest $11 to $100 and receive 3.5% a dayinvest $101 to…

Divvee delves into forex. Ryze AI? Hodo Global? Travis Bott?

July 8, 2017 mlmdetective 0

Divvee launched mid last year to a lukewarm reception.The company provided access to discounts for $9.95 a month, which never really took off with retail customers.By the end of the year the company had added “Rank and Share” to its offering.Divvee’s Rank and Share saw affiliates and free customers rewarded with points for rating mobile apps.On the backend Rank and Share directly and residually on the recruitment of new Divvee affiliates.Initially Rank and Share sparked renewed interest in Divvee, however from March interest once again began to wane.Last month Divvee corporate and its affiliates began marketing something called Ryze AI.Ryze AI…