Tagged: MLM Reviews

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Ride the Litecoin Review: BitFundZA Ponzi reload scheme

Ride the Litecoin provide no information on their website about who owns or runs the business.The Ride the Litecoin website domain (“ridethelitecoin.tech”) was privately registered on September 28th, 2017.Marketing material for Ride the Litecoin appears on the official BitFundZA YouTube channel:Conversely marketing material for BitFundZA appears on Ride the Litecoin social media profiles:This suggests that whoever ran BitFundZA also has a hand in running Ride the Litecoin.BitFundZA was a matrix-based gifting scheme that launched around October, 2017.By December, 2017, BitFundZA went into decline and began to collapse.As evidenced by promotional material for Privilege Car Club also appearing on Ride the Litecoin…

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HBM Corporation Review: Network of pawnshops = 288% annual ROI?

HBM Corporation provide no information on their website about who owns or runs the business.Marketing videos on the HBM Corporation website depict the opening of a company office in Kiev, Ukraine.None of the individuals featured in the video are named on the HBM Corporation website.In the “about” section of their website, HBM Corporation provide an incorporation certificate for “Higher Business Management LTD”.Higher Business Management LTD was incorporated in the UK on October 3rd, 2017.Michael McKinney is listed as the sole Director of the company.No information is available tying McKinney to HBM Corporation outside of the incorporation, casting doubt on whether he…

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TradeNetCoin Review: TNC points ICO lending Ponzi scheme

TradeNetCoin provide no information on their website about who owns or runs the business.The TradeNetCoin website domain (“tradenetcoin.io”) was privately registered on December 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.TradeNetCoin ProductsTradeNetCoin has no retailable products or services, with affiliates only able to market TradeNetCoin affiliate membership itself.The TradeNetCoin Compensation PlanTradeNetCoin affiliates acquire pre-generated TNC points from the company’s anonymous owners.TNC points are sold to TradeNetCoin affiliates for 65 cents to $1.50 each.Once acquired, TNC points are “lent” back to…

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Cashbery Review: 400 day ROI Russian loans Ponzi scheme

Cashbery launched about a year ago and name Artur Vardanyan (Артур Варданян) as Chairman of the Board.According to Vardanyan’s corporate bio;in the past (he) held position of the head of the credit department and the deputy chief of the economic security service in one of the largest Russian banks.Multiple incorporation documents are provided on the Cashbery websites, mostly in Russian.There is the token UK incorporation for “Cashbery Limited” though.Vardanyan (right) is listed as Cashbery Limited’s sole Director, however he’s cited as a UK resident.The address provided for Cashbery Limited and Vardanyan is a random serviced office address in London.So if that’s any indication,…

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CryptoBuzz Corporation Review: Hourly ROI reload Ponzi scheme

CryptoBuzz Corporation provide no information on their website about who owns or runs the business.The CryptoBuzz Corporation website domain (“cryptobuzz.win”) was privately registered on January 25th, 2018.CryptoBuzz Corporation provide an incorporation number on their website, which corresponds with “Investellect LTD”.Investellect LTD was incorporated in the UK on March 10th, 2017.Further research reveals Investellect was a Ponzi scheme that advertised daily 1% to 1.4% returns.The Investellect website domain (“investellect.net”) has been suspended due to bogus domain registration details.By all appearances, CryptoBuzz Corporation is a reboot of the Investellect scam.As always, if an MLM company is not openly upfront about who is running…

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Cooperative Crowdfunding Review: 3×10 matrix cash gifting

Cooperative Crowdfunding provide no information on their website about who owns or runs the company.Blog posts on the Cooperative Crowdfunding website are authored by “David T. Rosen”.Further research reveals Cooperative Crowdfunding affiliates naming Rosen as founder of the company.Rosen (right) is also listed as the owner of the Cooperative Crowdfunding website domain, through an address in Ontario, Canada.Rosen first popped up on BehindMLM’s radar in 2015, as founder of PIE 24/7.PIE 24/7 was basically a “pay a monthly fee and recruit other affiliates who do the same” scheme.By early 2016 it appears PIE 24/7 collapsed, with one affiliate claiming they hadn’t…

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BitClub Advantage Review: Brazilian crypto Ponzi scam targeting Africa

BitClub Advantage (not to be confused with BitClub Network), provide no information on their website about who owns or runs the business.The BitClub Advantage website domain (“bitclubadvantage.academy”) was privately registered on July 28th, 2017.The BitClub Advantage confidentiality and NDA form states:The Central Forum of the District of São Paulo, São Paulo, is hereby elected to resolve any conflicts arising from this agreement, to the exclusion of any other, no matter how privileged it may be or become.São Paulo is a city in Brazil.Further research reveals BitClub Advantage affiliates naming Alex Pereira Salles as CEO of the company.Salles (right) is a Brazilian national and…

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Corex Coin Review: COREX points ICO lending Ponzi scheme

Corex Coin provide no information on their website about who owns or runs the company.The Corex Coin website domain (“corexcoin.io”) was privately registered on February 9th, 2018.At the time of publication Alexa estimate India as the largest source of traffic to the Corex Coin website.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.Corex Coin ProductsCorex Coin has no retailable products or services, with affiliates only able to market Corex Coin affiliate membership itself.The Corex Coin Compensation PlanCorex Coin affiliates acquire pre-generated COREX…

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Likium Review: LKM points ICO lending Ponzi scheme

Likium provide no information on their website about who owns or runs the business.The Likium website domain (“likium.io”) was privately registered on December 12th, 2017.At the time of publication Alexa cite Nigeria as the top source of traffic to the Likium website.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.Likium ProductsLikium has no retailable products or services, with affiliates only able to market Likium affiliate membership itself.The Likium Compensation PlanLikium affiliates acquire pre-generated LKM points from the company’s anonymous owners.LKM points are…

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Malta Private Review: 144% ROI in 12 days “transactions” Ponzi scheme

Malta Private provide no information on their website about who owns or runs the business.The Malta Private website domain (“maltaprivate.com”) was privately registered on May 15th, 2017.Malta Private claim to be incorporated in the UK and provide an incorporation number on their website.This number corresponds with Malta Private Invest Company, which was incorporated in the UK on October 17th, 2017.UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.It is far more likely that whoever is running Malta Private is doing so out of Europe.Supporting this is Russian and…