Crypto Cash Pool Review: 2×5 matrix bitcoin gifting

October 26, 2017 0

Crypto Cash Pool provide no information on their website about who owns or runs the business.The Crypto Cash Pool website domain (“cryptocashpool.com”) was privately registered on September 6th, 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.Crypto Cash Pool ProductsCrypto Cash Pool has no retailable products or services, with affiliates only able to market Crypto Cash Pool affiliate membership itself.The Crypto Cash Pool Compensation PlanCrypto Cash Pool affiliates gift bitcoin to each other through a 2×5 matrix.A 2×5 matrix places an affiliate…

Resonance Capital Review: 20 professionals generate 288% annually?

October 26, 2017 0

Resonance Capital provide no information on their website about who owns or runs the business.The Resonance Capital website domain (“resonance-capital.eu”) was privately registered on July 13th, 2016.Resonance Capital claim to have launched in early 2017 and be headquartered in Estonia.Further research reveals Maris Landsbergis appearing in Resonance Capital marketing videos.In the videos Landsbergis is credited as Resonance Capital’s “Development Director”. On Resonance Capital affiliate marketing websites, Landsbergis is credited as CEO of the company.Landsbergis speaks with an Eastern European accent. Outside of Resonance Capital marketing material, no information on him exists.Resonance Capital do however provide a pointless incorporation certificate, showing shell…

OneCoin’s Golden Gate Investments ICO is a sham

October 25, 2017 0

By definition, an ICO isan unregulated means by which funds are raised for a new cryptocurrency venture.In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.Further differentiating itself from legitimate cryptocurrencies is OneCoin, who claim their planned 2018 ICO ‘will not include or in any other way involve issuance of any currency‘.OneCoin’s ICO in and of itself is a mess.The initial plan was to “go public” back in 2015, when a certain number of premined Ponzi points had been distributed to affiliates.That plan was thrown…

SDL Review: Insurance, nutritional supplements & medical claims

October 25, 2017 0

SDL claim they were established in 2001, with the company name standing for “Success, Determination and Long-term Wealth”.The company is based out of South Africa and operates in the insurance MLM niche.SDL provide no information about who runs the company on their website, but do state:SDL Administrative Services (PTY) LTD is an Authorised Juristic Representative under FSP No. 41507Administrated by Pioneer Funeral Administrators. An Authorised Financial Services Provider FSP No. 41507The Pioneer Funeral Administrators website advises it’s ‘responsible for providing outstanding Funeral Administration services.‘Who is running the company and/or whether they also own SDL is not disclosed.As always, if an MLM…

Five Winds Asset Management investor warning issued in Belgium

October 24, 2017 0

Five Winds Asset Management, an attempt to keep the Questra World Ponzi scheme running a little while longer, has attracted the attention of Belgium’s Financial Services and Markets Authority.The FSMA is Belgium’s top financial regulator and on October 2nd, issued an investor warning against Five Winds.According to the FSMA, Five Winds offers “unrealistic returns” and is operating illegally in Belgium.Five Winds Asset Management and QW Lianora Swiss Consulting SA are not allowed to provide investment services in Belgium.This is due to the company not “respecting Belgian financial regulation”, meaning Five Winds has not registered its investment opportunity with the FSMA.QW Lianora…

Stargate LTD Review: Daily Ponzi ROIs until “zero balance” reached

October 24, 2017 0

Stargate LTD provide no information on their website about who owns or runs the business.The Stargate LTD website domain (“stargate-ltd.com”) was registered on July 17th, 2017.Sergey Frolov is listed as the owner, with an address in Saxony, Germany also provided.Sergey Frolov first popped up on BehindMLM’s radar a few days ago as the owner of the Ensis domain.Ensis is a recently launched 150% a day ROI Ponzi scheme.Like Ensis, Alexa estimate Russia is currently the largest source of traffic to the Stargate LTD website (27.8%)In addition to Ensis, Frolov is also the owner of a number of HYIP scam website domains.Read on…

Incloude Review: Bitcoin mining investment Ponzi fraud

October 24, 2017 0

Incloude provide no information on their website about who owns or runs the business.Incloude claim to be ‘an Canadian company [sic], founded in 2012 and started trading on stock exchanges for the first time.‘The Incloude website domain (“incloude.com”) was first registered in 2012. The domain registration was last updated on June 16th, 2017, which is likely when the current owners took possession of it.A visit to the Wayback Machine confirms the Incloude website was hosting payday loan spam in 2012.The domain was parked from 2013 till July, 2017, when the current owners uploaded the Incloude website as it is today.In short,…

Multisure Review: Legal and funeral insurance with pyramid recruitment

October 23, 2017 0

Multisure claim to be a ‘dynamic 100% South African “born and bred” company started in the year 2000.‘Denton Goodford is the Managing Director of Multisure, and credited as the company’s “face, head and heart”.According to Goodford’s Multisure corporate bio, he’s anex State Prosecutor and practising Advocate of the High Court of SA.Denton started MultiSure in 2000, seeing the need in South African for legal cover with a difference.His vision is to empower others and so he decided to create Multisure as a network marketing business to allow many people to benefit from the business and work towards their own financial freedom.Goodford…

Yota Review: Daily Ponzi ROIs of up to 3.5%

October 22, 2017 0

Yota provide no information on their website about who owns or runs the business.The Yota website domain (“yota.biz”) was privately registered on November 22nd, 2016.The domain registration was last updated on July 22nd, 2017, which is likely when the current owner took possession of it.Despite this, Yota claim thestory of Yota starts in 2013 when we were one of the first ones to use our work experience in financial markets in country.Years of working in financial market turned us into advanced, fast-developing and innovative investment company.Naturally no evidence of Yota existing before July, 2017 is provided.All signs meanwhile point to Yota…

GladiaCoin 2 Review: Lose money in a bitcoin doubler, invest again?

October 21, 2017 0

GladiaCoin was (as far as I know) the first bitcoin doubler Ponzi to surface.Launched earlier this year in March, GladiaCoin promised gullible affiliates a 200% ROI in 90 days.Naturally GladiaCoin collapsed before even the initial 90 day maturity period was up, resulting in widespread investor losses.Nonetheless GladiaCoin spawned a slew of clone bitcoin doubler scams, pretty much all of which have since collapsed.Today the GladiaCoin website domain produces a “403 Forbidden” HTTP error.Now someone is trying to resurrect the GladiaCoin scam as “GladiaCoin 2”.As with the first iteration, no details about who is running the company are provided on the GladiaCoin…