Is Forever Living Products encouraging affiliate autoship recruitment?

August 7, 2017 mlmdetective 0

Forever Living Products’ Leadership Bonus pays affiliates on sales volume generated down three Manager generations.To qualify for the bonus affiliates must meet sales volume requirements, which can be met entirely with self-purchase (no retail).The volume can of course be also generated via retail sales (or a combination of retail and personal purchase), and so Forever Living Products operates in the all too familiar grey regulatory area.That an MLM company without significant retail activity is a pyramid scheme is clear-cut. But Forever Living Products, like most MLM companies, does not disclose how much of its company-wide volume is attributable to retail sales.In…

RJGM Power Team Review: 2×5 matrix bitcoin gifting

August 7, 2017 mlmdetective 0

RJGM Power Team name four admins on their website; Janice Lee, Shual Thomas, Gary Phillips and Lee Woodsum.According to a Facebook post by Janice Lee on July 16th, RJGM Powerbuild initially launched a few months ago.After promptly collapsing it was relaunched as RJGM Power Build. which also collapsed.The current version of the company has been renamed back to RJGM Power Team and relaunched with a new website domain on August 5th.Over the last few months Lee has promoted a number of bitcoin scams, including BitComet, Bitcoins Brain, Project Ethereum and JetCoin.Gary Phillips also promoted JetCoin and Project Ethereum.Outside of RJGM Power Build, Shual…

Fincrypt Global Review: 24 month cryptocurrency trading ROIs

August 7, 2017 mlmdetective 0

Fincrypt Global cite Joe William as Director & Chief Visionary Officer of the company on their website.Outside of his name and title though, no information about William is provided.The Fincrypt Global website domain (“fincryptglobal.com”) was privately registered on June 6th, 2017.With Alexa currently estimating that 100% of traffic to the Fincrypt Global website originates out of India, it’s a good bet that “Joe William” doesn’t exist. Whoever is running Fincrypt Global is likely based out of India itself.This is further evidenced by the use of “$1 crore” in Fincrypt Global’s compensation plan.The UK is another possibility, with Fincrypt Global advising their compensation…

Receiver decides Traffic Monsoon victims will not file written claims (updates)

August 7, 2017 mlmdetective 0

A common trait of multi-million dollar Ponzi schemes is a lack of independent accounting on the backend.Records are stored higgledy-piggledy and often riddled with errors and/or incomplete.Traffic Monsoon is no exception, with the Receivership currently sifting through millions of transaction records in an attempt to forensically piece together the business.While circumstances might change in the future, at this time the Receiver has determined, based on the sheer amount of data being processed, that Traffic Monsoon victims won’t be submitting written claims.The revelation was made in the Receiver’s second Status Report, filed on July 31st.It will not be efficient or beneficial to have…

Control Finance Review: Crypto Trading 1.5% daily Ponzi scheme

August 6, 2017 mlmdetective 0

Control Finance provide no information on their website about who owns or runs the business.UK Companies House incorporation documents are provided on the Control Finance website, showing an incorporation date of September 8th, 2016.The Control Finance corporate address provided belongs to Bruntwood, who sell virtual office space. As such it appears Control Finance exists in the UK in name only.The sole Director of the company is Benjamin Reynolds, who is also the listed owner of the Control Finance website domain (registered September 6th, 2016).Control Finance marketing videos on the company website feature a speaker with a distinct Eastern European accent. In…

D&L Goodybag Review: Goodybags with pyramid recruitment

August 6, 2017 mlmdetective 0

D&L Goodybag was co-founded by David Ogunshola and his wife Bukola in August, 2014.The company operates out of Nigeria and is asubsidiary of Daveshoope Goodybag LTD, a Company registered with the Corporate Affairs Commission with RC number 1416418.On his Facebook profile, Ogunshola (right) claims hehelp(s) people discover where they fit in God’s Mission.I am a Mobilizer & BAM Entrepreneur.Whether Ogunshola has any MLM experience prior to D&L Goodybag is unclear.Read on for a full review of the D&L Goodybag MLM opportunity.D&L Goodybag ProductsD&L Goodybag has no retailable products or services, with affiliates only able to market D&L Goodybag affiliate membership itself.The…

Connie Apostelos sentenced to 30 months prison (Genesis Acquisitions)

August 3, 2017 mlmdetective 0

Connie Apostelos used her share of funds stolen through Genesis Acquisitions to fund $35,000 a month in expenses for her horse racing company. She also had a $400 a month Victoria’s Secret lingerie habit.Connie and her husband William ran the $70 million dollar WMI Enterprises Ponzi scheme. WMI Enterprises was made up of a number of companies, one of which was Genesis Acquisitions.The Apostelos’ were indicted on mail fraud, wire fraud, money laundering, embezzlement and making a false statement charges back in October, 2015.William Apostelos plead guilty earlier this year in February. Connie plead guilty to money laundering a few months…

D9 Clube raided by police in Brazil

August 3, 2017 mlmdetective 0

Despite promises to continue running the scam on Facebook, authorities are closing in on D9 Clube in Brazil.Following a six month investigation, Brazilian police launched operation Giza on Thursday morning.Operation Giza saw search warrants issued and raids conducted at ten different locations.So far a boat, computer server, Harley Davidson motorcycle, drone and camera have been seized.Local news reports are claiming one of the D9 Clube properties raided belonged to Marcos Franca, a top earner in the $3 billion dollar TelexFree Ponzi scheme.Authorities in the Brazilian state of Bahia state D9 Clube was founded in Itabuna, ‘but has since expanded into other…

Empower Network is bankrupt, David Wood explains all?

August 3, 2017 mlmdetective 0

When David Wood last appeared in public, the situation appeared rather grim.Obviously under the influence of something, Wood appeared disheveled and suffering from an acute case of “God complex”.That was early June. Less than a fortnight later Wood’s brother William walked out and since then things have been quiet.With the future of Empower Network hanging in the balance, today Wood appeared in a new video to explain what exactly went down.Turns out it was some “plant medicine” and amphetamines…Wood’s new video appeared yesterday on his “Empower Network” Facebook page. A few weeks back public access to the profile had been revoked.In…

Spey Invest Review: Fake everything cryptocurrency trading Ponzi

August 2, 2017 mlmdetective 0

Spey Invest claim it wasset up in 2014 as the pilot online project of trading business by a group of enthusiasts headed by Daniil Solopov.Despite the relatively young age of the Company, SPEY INVEST LTD has become well known to field-specific experts in Great Britain and also abroad as soon as one and a half years of its activity.Two things;First is that you probably don’t know anyone who has ever heard of Spey Invest. In fact, outside of the company’s own website, affiliate marketing and listings on HYIP scam sites, there is no independent third-party information about Spey Invest available.The second is…