Tagged: MLM Reviews

0

Biteroi Review: Cookie-cutter crypto trading Ponzi scheme script

Biteroi provide no information on their website about who owns or runs the business.The Biteroi website domain (“biteroi.com”) was privately registered on March 30th, 2018.
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.
Biteroi Products
Biteroi has no retailable products or services, with affiliates only able to market Biteroi affiliate membership itself.
The Biteroi Compensation Plan
Biteroi affiliates invest funds on the promise of a “3% to 3.83% per day” ROI.

invest $25 to $50,000 and receive a 3% daily ROI for 60 days (180%)
invest $100 to…

0

Xtreme Green Review 2.0: Eco auto additives with no demand?

About a week ago I received a legal threat from Xtreme Green CEO Lawrence Kahn.
Linked to in Kahn’s letter was our 2014 Xtreme Green review.
Kahn claimed our review was causing Xtreme Green to suffer ” injury from the loss of sales” and that if we didn’t remove our review, we “may be deemed liable” for their losses.
In my response, I pointed out that the statute of limitations had long-since expired in any US jurisdiction.
Not withstanding that our review was written in good faith, date-stamped and accurate as at the time of publication.
I informed Kahn (right) that if Xtreme Green had changed its…

0

SpeedFlow Review: Six-tier 2×2 matrix cycler Ponzi

SpeedFlow provide no information on their website about who owns or runs the business.The SpeedFlow website domain (“speedflow.org”) was privately registered on March 16th, 2018.
At the time of publication Alexa estimate Brazil (24%) and Russia (17%) are the two largest sources of traffic to the SpeedFlow website.
A corporate address in Gibraltar is provided on the SpeedFlow website, however further research reveals it to be virtual in nature.
Marketing copy on the SpeedFlow website and in the compensation plan suggest that whoever is running the company is not a native English speaker.
Due to a generous reward, even a lazy person will earn money…

0

Kuvera Global Review: Investview still flaunting securities in front of SEC

On March 1st, 2018, parent company Investview announced Wealth Generators was changing its name to Kuvera.Wealth Generators began as a stock investment advice opportunity. In late 2017 the company began offering cryptocurrency mining contracts.
Wealth Generators affiliates invested up to $4999 in individual mining contracts, on the promise of an advertised 1200 day ROI.
Investview and Wealth Generators differed from your usual MLM unregistered securities offering, in that Investview is actually registered with the SEC.
Analysis of the company’s required regulatory filings as of December 2017 however, revealed no mention of Wealth Generators’ passive ROI crypto mining offering.
This lead me to conclude that, despite…

0

Elamant Review: Saivian receipt rebate Ponzi clone

Elamant launched in late 2017 and appear to operate out of Singapore through “Elamant PTE LTD”.Elamant PTE LTD was incorporated in October 2017. A search of the Singapore address used for incorporation reveals multiple businesses using the same address.
This suggests Elamant might be using a virtual office service and thus exists in Singapore in name only.
Heading up Elamant is President and CEO, Ryan Evans.
Evans is based out of California in the US, which is likely where Elamant is actually being operated from.
Prior to Elamant Evans (right) was Operations Director for the Saivian Ponzi scheme.
Saivian affiliates invested $125 a month on the…

0

251 Coins Review: 3×5 matrix cryptocurrency gifting scheme

251 Coins provides no information on its website about who owns or runs the business.The 251 Coins website domain (“251coins.com”) was privately registered on May 16th, 2018.
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.
251 Coins Products
251 Coins has no retailable products or services, with affiliates only able to market 251 Coins affiliate membership itself.
The 251 Coins Compensation Plan
251 Coins affiliates sign up and gift cryptocurrency to an existing affiliate.
This gifting payment in turn qualifies the affiliate to receive gifting payments from…

0

Eyeline Trading Review: 0.66% daily ROI bitcoin investment fraud

Eyeline Trading claims Jean Paul Ramirez is the founder of Eyeline Business & Development.Apparently Ramirez ‘has been a leader in the financial industry for many years’.
Eyeline Trading provide a bunch of financial positions Ramirez has purportedly held, culminating in his getting started ‘in the Crypto industry in late 2015‘.
Eyeline Trading claims Ramirez
now has a cutting edge mining facility, research center, wallet, exchange, peer to peer exchange, debit cards, trading platform, and a coin working on alternative power.
None of this is publicly verifiable, leaving a question mark on whether Ramirez even exists.
In a marketing video presented on the Eyeline Trading website, the…

0

JDE Jewels: Custom-made knockoff jewelry with pyramid recruitment

JDE Jewels claim they ‘started customizing fine jewelry pieces in 1998‘.The JDE Jewels website domain meanwhile was only registered in 2016.
Other than incorporation in the Philippines in 2014, to what extent JDE Jewels existed prior to 2016 is unclear.
Whatever operations might have existed though don’t seem to resemble JDE Jewels’ current MLM business model.
Daisy Seterra Estrada (right) is named as founder of the company on the JDE Jewels website. A corporate address in Quezon City, Philippines is also provided.
As per Estrada’s corporate bio, she’s
a graduate from DLSU with a Biology major and from the Ateneo Graduate School of Business with a Master’s…

0

Velimon Review: $5 six-tier 4×1 matrix Ponzi cycler

Velimon provides no information on its website about who owns or runs the business.The Velimon website domain (“velimon.racing”) was privately registered on March 25th, 2018.
A marketing video on the Velimon website features a man with a distinct African accent, suggesting whoever is behind Velimon likely also has ties to Africa.
At the time of publication, Alexa estimates that the US is the largest source of traffic to the Velimon website (30%).
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. Velimon Products
Velimon has no…

0

Taurise Review: Crypto mining rig smokescreen Ponzi

The first thing visitors to the Taurise website are presented with is a poorly dubbed marketing video featuring “Robert Mackay” and “Rachel Davis”.As the example below shows, these are obviously actors with the set rented office space in who knows where.
[embedded content]
The Taurise website domain was privately registered on February 26th, 2018.
Taurise do provide an incorporation certificate for “Taurise Limited”.
Taurise Limited was incorporated in the UK on February 27th, 2018.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
For some reason Taurise also provide a patent certificate for some…