MLM Detective POSTS

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LendEra Review: LEC points lending ICO arbitrage Ponzi scheme

LendEra provide no information on their website about who owns or runs the business.The LendEra website domain (“lendera.io”) was privately registered on December 2nd, 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.LendEra ProductsLendEra has no retailable products or services, with affiliates only able to market LendEra affiliate membership itself.The LendEra Compensation PlanLendEra affiliates acquire LEC points from the company’s owners.LEC points are sold to affiliates for 85 cents to $1.05 each.Once acquired, LEC points are “lent” back to LendEra on the…

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Zouk Coin Review: ZUK points ICO lending Ponzi

Zouk Coin provide no information about who owns or runs the business on their website.The Zouk Coin website domain (“zoukcoin.com”) was privately registered on December 29th, 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.Zouk Coin ProductsZouk Coin has no retailable products or services, with affiliates only able to market Zouk Coin affiliate membership itself.The Zouk Coin Compensation PlanZouk Coin affiliates acquire ZUK points from the company’s anonymous owners.ZUK points are sold to Zouk Coin affiliates at a rate of 25 cents…

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USI-Tech suspend withdrawals, $18 mill ETH mining pool cleaned out

As a result of a lack of communication from USI-Tech management, the rumor mill went into overdrive over the weekend.Were USI-Tech going to honor 140% ROI BTC package payouts? Were secret negotiations going on between the SEC and USI-Tech?And bearing in mind an SEC investigation has yet to even be confirmed, there was also one about the SEC dropping its case due to a lack of evidence.All par for the course when a Ponzi collapses and nothing those who follow the MLM underbelly haven’t seen before.In the aftermath of the weekend what we can report on are three significant developments:USI-Tech has…

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My Bit Rush Review: Bitcoin doubler with pyramid recruitment

My Bit Rush provide no information on their website about who owns or runs the business.The My Bit Rush website domain (“mybitrush.com”) was registered on July 14th, 2017.Andres De la Parra of Bit Rush LTD International is listed as the owner, with an address in Madrid, Spain also provided.I wasn’t able to find anything connecting De la Parra to My Bit Rush outside of the domain registration, raising the question of whether he actually exists.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…

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Bitcoin Solve Review: Bittrex Crypto Curruncy LTD?

Bitcoin Solve provide no information on their website about who owns or runs the company.The Bitcoin Solve website domain (“bitcoinsolve.com”) was registered on October 15th, 2017.“Bittrex Crypto Curruncy LTD” is listed as the owner, with a bogus address in the US also provided.This appears to be an attempt to associate Bitcoin Solve with the well-known Bittrex cryptocurrency exchange, albeit an extremely poor one by someone who can’t spell.The same bogus corporation appears on the footer of the Bitcoin Solve website, with a slightly modified yet equally bogus address.In another attempt to feign legitimacy, Bitcoin Solve provides an UK incorporation document for…

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Mint Builder Review: ISN Coins reboots with bitcoin

Mint Builder provide no information on their website about who owns or runs the business.The Mint Builder website domain (“mintbuilder.com”) was registered on October 12th, 2017.Matt Barkes is listed as the owner, with an incomplete address in West Sussex, UK also provided.According to his Facebook profile, Barkes (right) lives in the US state of Indiana. This is presumably where Mint Builder is actually being operated from.Barkes first appeared on BehindMLM’s radar back in 2012 as the founder and CEO of ISN Coins.ISN Coins operated as a pyramid scheme, combining numismatic coins with affiliate autoship recruitment.After the original incarnation of ISN Coins collapsed,…

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Kinetic Union Review: ICO lending Ponzi with unique match & binary

Kinetic Union provide no information on their website about who owns or runs the business.The Kinetic Union website domain (“kineticunion.io”) was privately registered on December 11th, 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.Kinetic Union ProductsKinetic Union has no retailable products or services, with affiliates only able to market Kinetic Union affiliate membership itself.The Kinetic Union Compensation PlanKinetic Union affiliates buy KNTU points from the company’s anonymous owners.KNTU points are sold for between 70 cents and $1.10 each.Once acquired, KNTU points…

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Capital Expanse Review: “Trading script” ICO lending Ponzi

Capital Expanse provide no information on their website about who owns or runs the business.The Capital Expanse website domain (“capitalexpanse.net”) was privately registered on September 22nd, 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.Capital Expanse ProductsCapital Expanse has no retailable products or services, with affiliates only able to market Capital Expanse affiliate membership itself.The Capital Expanse Compensation PlanCapital Expanse purchase CAPX points from the company’s anonymous owners.CAPX points are sold for between 50 and 90 cents worth of bitcoin each.Once acquired…

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CryptOnion Review: Ecovill Nature “trade cryptocurrency” sister Ponzi

CryptOnion provide no information on their website about who owns or runs the business.The CryptOnion website domain (“cryptonion.io”) was privately registered on July 24th, 2017.CryptOnion provide a UK incorporation number on their website for “CryptOnion Limited”.CryptOnion Limited was incorporated on July 31st, 2017. The Bristol address used to incorporate the company is the same as that of the recently launched Ecovill Nature Ponzi scheme.UK incorporation is dirt cheap and for the most part unregulated. They are 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 it,…

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USI-Tech Ponzi abandons US & Canada, confirms SEC investigation?

In a move that is unlikely to have surprised anybody, USI-Tech has severed ties with the US and Canada.Rather than operate legally in the US and Canada and register with the appropriate regulatory bodies, USI-Tech has instead elected to abandon its legal obligations and focus on scamming investors elsewhere in the world.USI-Tech faced increasing pressure to prove it wasn’t a Ponzi scheme following a securities fraud cease and desist issued in Texas last month.Up in Canada, the provinces British Columbia, New Brunswick, Nova Scotia, and Manitoba had separately issued USI-Tech investor warnings.It is the Texas cease and desist however that, from…