PHP Agency Review: Life insurance & recruitment?

June 4, 2018 mlmdetective 0

PHP Agency was launched in 2009 and operates in the insurance MLM niche.The company is based out of Texas and headed up by CEO and Founder, Patrick Bet-David.
As far as I can tell, Bet-David (right) began promoting himself as a financial advisor following a stint at Morgan Stanley Wealth Management.
According to Bet-David’s Wikipedia entry he joined the army after high school.
After leaving the Army he got a job at Morgan Stanley wealth management.
After a dinner event with George Will in 2009, he launched a website called Saving America and later a radio show broadcast in Los Angeles, to encourage people to be entrepreneurial and to…

IQ Chain Review: Ormeus Global Ponzi spinoff?

June 3, 2018 mlmdetective 0

Ormeus Global launched last year as a trading bot 160% ROI Ponzi scheme.As MLM cryptocurrency schemes are want to do, Ormeus Global also launched its own pump and dump altcoin.
Ormeus Coin began public trading around October, 2017.
After pumping at around five dollars in late November, Ormeus Coin dumped to just over a dollar.
ORME has been in steady decline since mid April and is currently sitting at around 88 cents.
Meanwhile back in March, it emerged Ormeus Global hadn’t been paying affiliates earned commissions.
Over the past month or so something called IQ Chain has emerged.
Following several requests to look into IQ Chain’s connection…

Bitdax Global Review: Token-based cryptocurrency Ponzi scheme

June 2, 2018 mlmdetective 0

Bitdax Global claim to bea Fintech institution registered offshore to provide research, financial partnerships to blockchain start ups and in housed developers in AI Application in trading.
The only reference to a corporate address is in Bitdax Global’s Terms and Conditions.
The UK address provided however belongs to Blue Square Offices, a virtual office provider.
Bitdax Global do provide names and photos of executives on their website, however these are just as vague as the company’s description of itself.
Andrew Savvides and Robert Slattery are cited as founders of Bitdax Global.
Andrew Savvides (right) appears to have a history pushing forex schemes (binary options). With Bitdax Global…

Comodius Bank Review: Onix Ponzi points investment scheme

June 1, 2018 mlmdetective 0

Comodius Bank operated in the cryptocurrency MLM niche and claims it was established in 1994.This is easily debunked with a quick domain check, which reveals the Comodius Bank website domain (“comodius.biz”) was only registered a few days ago on May 25th.
Comodius Bank provide a list of executives on their websites. While the photos appear modified such to the extent they aren’t basic stock image uploads, the people represented clearly don’t exist.
Click on any the Twitter profiles of any of listed executives and you’ll find all of the accounts are newly created in May, 2018.
And as at the time of publication, none…

Mazebits Review: Bitfinite ICO lending Ponzi reboot

June 1, 2018 mlmdetective 0

Mazebits provide no information on their website about who owns or runs the business.The Mazebits website domain (“mazebits.co”) was privately registered on January 25th, 2018.
Further research reveals Mazebits marketing material citing the company as a “rebranding” of the Bitfinite ICO lending Ponzi scheme.
This is supported by content on official Mazebits social media profiles, detailing a conversion of Bitfinite BFC points into Mazebits MZBC points.

Hoping to follow in BitConnect’s footsteps, Bitfinite launched as an ICO lending Ponzi clone in late 2017.
Bitfinite went on to collapse in early 2018. Like every ICO lending Ponzi scheme, Bitfinite’s anonymous owners made off with the majority…

Westland Storage Review: Crypto Ponzi with WLS token exit-scam

May 30, 2018 mlmdetective 0

Westland Storage provides no information on its website about who owns or runs the business.The Westland Storage website domain (“westlandstorage.com”) was first registered in 2005.
The registration was last updated on May 9th, 2018 but provides no information about the domain’s owners.
A visit to the Wayback Machine confirms the current version of the Westland Storage website went live on or around April 27th, 2018.
Prior to that the Westland Storage domain redirected to an unrelated storage business in Michigan.
This coincides with Alexa reporting an uptick in traffic to the Westland Storage domain from early May.
Despite existing for less than a month, on its…

Bitworld Center Review: 300% ROI bitcoin mining and trading Ponzi

May 30, 2018 mlmdetective 0

Bitworld Center provide no information on their website about who owns or runs the business.The Bitworld Center website domain (“bitworldcenter.company”) was privately registered on April 2nd, 2018.
Further research reveals multiple affiliates claiming Bitworld Center is a “Brazilian company” operated by Macio Silver.
Possibly due to language barriers, I was unable to find anything further on Silver.
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.
Bitworld Center Products
Bitworld Center has no retailable products or services, with affiliates only able to market Bitworld Center affiliate membership…

CryptoRound Review: Cryptocurrency mining daily ROI Ponzi scheme

May 29, 2018 mlmdetective 0

CryptoRound provide no information on their website about who owns or runs the business.The CryptoRound website domain (“cryptoround.biz”) was privately registered on May 20th, 2018.
CryptoRound provide a bogus UK incorporation certificate for “CryptoRound Investment Pvt. Ltd.” on their website.
Legitimate UK incorporation certificates are bad enough. Fake UK incorporation certificates all but confirm the fraudulent nature of an MLM business.
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.
CryptoRound Products
CryptoRound has no retailable products or services, with affiliates only able to market CryptoRound affiliate…

DD Futures Review: Hedge fund management eight-tier Ponzi scheme

May 29, 2018 mlmdetective 0

DD Futures provide no information on their website about who owns or runs the company.The DD Futures website domain (“ddfutures.com”) was first registered in 2016.
The registration was recently updated on February 14th, 2018, suggesting this is when the current anonymous owners took possession of it.
This corresponds with an uptick of traffic to the DD Futures website.
A visit to the Wayback Machine confirms the current incarnation of the DD Futures website went live sometime in February.
Despite this, DD Futures fraudulently claim the company has been running for 515 days (as of May 28th, 2018).
DD Futures provide a UK incorporation certificate for “DDFutures…

The Travel Party Review: iTravel Party’s 3rd reboot goes full crypto Ponzi

May 28, 2018 mlmdetective 0

The Travel Party is the third reboot of the twice failed iTravel Party scheme.iTravel Party first surfaced in 2015 and is owned and operated by CEO Daniel Butts.
Butts first appeared on BehindMLM as the co-founder of Rocket Cash Cycler, a Ponzi scheme launched in 2013.
Rocket Cash Cycler saw investors deposit $315 and get paid a $5300 ROI once enough subsequent positions had been invested in.
Prior to RocketCashCycler Butts launched EZ Wealth Formula, which saw affiliates charged $84 to join and paid to recruit new affiliates.
Read on for a full review of The Travel Party MLM opportunity.
The Travel Party Products
The Travel Party has no retailable…