Tagged: MLM Reviews

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EthTrade Club Review: Ethereum “smart contracts” Ponzi fraud

EthTrade Club provide details of an executive team on their website.As below however, images used to represent EthTrade Club’s executive team are stolen from Fivver members:One can safely assume the names provided for EthTrade’s executives also don’t exist.The EthTrade website domain (“ethtrade.club”) was privately registered on January 6th, 2018.At the time of publication Alexa estimate that over 50% of traffic to the EthTrade website originates out of Spain.This suggests that whoever is actually running EthTrade might be based out Spain too.As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard…

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LiteTrade Review: Three-tier bitcoin investment Ponzi scheme

LiteTrade provide no information on their website about who owns or runs the business.The LiteTrade website domain (“litetrade.org”) was privately registered on December 19th, 2017.LiteTrade provide a UK incorporation number on their website, which corresponds with LiteTrade Limited.The address used to incorporate LiteTrade Limited actually belongs to London Office, a virtual office services merchant.UK incorporation is dirt cheap and for the most part unregulated. It is 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, think long and hard about joining and/or handing over any…

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PowerLoan Review: POWL points ICO lending Ponzi scheme

PowerLoan provide no information about who owns or runs the business on their website.The CEO of PowerLoan is cited only as “Johan” and likely doesn’t exist.The PowerLoan website domain (“powerloan.io”) was privately registered on January 22nd, 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.PowerLoan ProductsPowerLoan has no retailable products or services, with affiliates only able to market PowerLoan affiliate membership itself.The PowerLoan Compensation PlanPowerLoan affiliates acquire pre-generated POWL points from the company’s anonymous owners.POWL points are sold to PowerLoan affiliates for…

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Du It Bitcoin Network Review: 500% ROI “crypto e-training” scheme

Du It Bitcoin Network operate in the MLM cryptocurrency niche. The company names Dwayne Golden as founder and CEO.A corporate address in Medellín, Colombia is provided on the Du It Bitcoin Network website.According to Golden’s Facebook page he’s based out of Pennsylvania in the US, so it appears Du It Bitcoin Network exists in Colombia in name only.Dwayne Golden first appeared on BehindMLM as one of the admins behind Blue Bird Bids.Blue Bird Bids launched in 2012 as a clone of the Zeek Rewards Ponzi scheme.In 2014 Golden re-emerged as CEO of Ingreso Cybernetico, a recruitment-based pyramid scheme.Golden went on to launch 1×2…

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Fireflies Review: Really confusing discount travel packages

Fireflies provide no information on their website about who owns or runs the business.The Fireflies website domain (“fireflies.com”) was first registered on January 27th, 1999. The registration details were last updated on December 17th, 2017.Gergo Hegedus of Swiss Halley AG is listed as the owner, through an address in Zurich, Switzerland.Other than claiming copyright of the Fireflies website, the corporate relationship between Fireflies and Swiss Halley AG is not disclosed.On his LinkedIn profile, Gergo Hegedus cites himself as Director of Operations at Swiss Halley from May 2011 to May 2015.From June 2015 he cites himself as co-owner and General Manager of…

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Game Loot Network Review v3: Token scheme adds LOOT altcoin

Game Loot Network launched in 2015 as a token-based mobile gaming platform.The company was founded by Lance Baker, who also serves as Loot Gaming Network’s President.A whitepaper on the Game Loot Network website claims the company is headquartered in the US state of Missouri.During its first year in business, Game Loot Network went through numerous compensation plan revisions.BehindMLM published an updated Game Loot Network review in June, 2016.The updated compensation plan required Game Loot Network affiliates to generate “Premium Gamers”.Premium Gamers were retail customers who paid $10 a month to access Game Loot Network’s platform.Given the dominance of the “free to…

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Copy Profit Success Global Review: $145 a month forex scam reboot?

Promotion of Copy Profit Success Global, also known as CPS Global, began in late 2017.CEO and co-founder Joel Santiago claims “beta-testing” for a “prelaunch phase” started around nine months ago.As of yet CPS Global doesn’t appear to have a public website. Promotion for the company primarily occurs through Copy Profit Success Global branded social media accounts.CPS Global marketing material doing the rounds reveals Santiago is joined by co-founder Joe Otis.Joel Santiago first appeared on BehindMLM as CEO and President of Volishon in 2015.Volishon combined pyramid recruitment with access to discount travel.By mid 2016 a former top Volishon affiliate claimed the company…

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Kryptogenex Review: $250 crypto education with securities fraud

Kryptogenex provide no information on their website about who owns or runs the business.The Kryptogenex website domain (“kryptogenex.com”) was privately registered on January 16th, 2018.Further research reveals a YouTube video titled “KryptoGeneX – Meet The Founder”, uploaded to a YouTube channel bearing the name “KryptoGeneX” on February 12th, 2018.In the video host Brandon “Bitcoin Brandon” Ivey, an affiliate from California, identifies five Kryptogenex co-founders; Stephen McCullough (Oklahoma), Jeramie and Kathy Keen (Hawaii), Will Fjetland (Washington) and Mike Boggs (Pennsylvania).Stephen McCullough’s claim to MLM fame is being one of the co-founders of SkyBiz.In 2001 the FTC sued SkyBiz for being a pyramid…

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Xpro Trading & Service Review: LikesXL Ponzi launches X12 altcoin

LikesXL launched in 2015 as a simple 50 EUR Ponzi scheme.According to BehindMLM reader reports, LikesXL investors began experiencing withdrawal problems in late 2016.In an attempt to continue to defraud investors, LikesXL announced it would launch “stunning new business building videos”, a “state of the art automated sales funnel” and “new and very exciting auction platform”.Those ideas flopped however, with LikesXL website traffic continuing to decline throughout 2017.In September 2017 website activity increased, coinciding with the launch of Xpro Trading and Service.The Xpro Trading and Service website provides no information on who owns or runs the business.The website domain (“xpro-service.com”) was…

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New Image International Review: 30 yo company with no disclosure

New Image International (also commonly known as New Image Asia), claim to be ‘an award winning business created over 30 years ago in New Zealand‘.The company operates in the health and nutrition MLM niche and today operates in a number of countries across Oceania, Asia and Africa.Heading up New Image International is founder and Chairman, Graeme Clegg.According to Clegg’s New Image International corporate bio, hestarted out as a sheep farmer near New Zealand’s capital, Wellington.It was on his farm that Graeme developed his groundbreaking ideas about health supplements and in 1984 decided to act on his research into the incredible health…