Tagged: MLM Reviews

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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…

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Coin Active Review: “Major investments” = 160% ROI every 21 days?

Coin Active provide no information on their website about who owns or runs the business.The Coin Active website domain (“coin-active.com”) was privately registered on January 16th, 2018.Coin Active provide an incorporation certificate on their website, which corresponds with “Coin Active LTD”.Coin Active LTD was incorporated in the UK on November 20th, 2017.The address used to incorporate Coin Active LTD belongs to the famous Harrods, London department store.Stefan Wiggins is listed as the sole Director of Coin Active LTD, through a separate residential address in London.No information exists outside of the incorporation linking Wiggins to Coin Active, suggesting he likely doesn’t exist.UK…

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Bonestopco Review: Five-tier crypto mining and trading Ponzi scheme

Bonestopco provide no information on their website about who owns or runs the business.The Bonestopco website domain (“bonestopco.com”) was privately registered on January 21st, 2018.A corporate address in Hampshire, England is provided on the Bonestopco website.Further research however reveals this address actually belongs to Ocean Village.On their website Ocean Village market virtual office packages. As such it appears Bonestopco exists in the UK in name only.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.Bonestopco ProductsBonestopco has no retailable products or services, with…

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Coins of Change Review: Two-tier 3×5 matrix bitcoin gifting scheme

Coins of Change provide no information on their website about who owns or runs the business.The Coins of Change website domain (“coinsofchange.org”) was privately registered on July 20th, 2017.Of note is the Coins of Change website domain uses the name-servers of “bitcoinsetupsite.com”.If you visit that site you’ll see it’s a clone of the Coins of Change website.The owner of the Bitcoin Setup Site is Mike Hollen, through an address in the US state of Iowa.The registration details of the email address domain Hollen used to register the Bitcoin Setup Site suggest he works for “Pronto Web Services”, who seem to be…

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HitStake Review: HITS points ICO lending Ponzi scheme

HitStake provide no information on their website about who owns or runs the business.The HitStake website domain (“hitstake.com”) was privately registered on February 13th, 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.HitStake ProductsHitStake has no retailable products or services, with affiliates only able to market HitStake affiliate membership itself.The HitStake Compensation PlanHitStake affiliates acquire pre-generated HITS points from the company’s anonymous owners.HITS are sold to HitStake affiliates for 60 cents to $1.20 each.Once acquired, HITS points are “lent” back to HitStake…

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Hourlyer Review: Bitcoin mining = 52,000% annual ROI?

Hourlyer provide no information on their website about who owns or runs the company.The Hourlyer website domain (“hourlyer.com”) was privately registered on January 24th, 2018.Hourlyer claim to be incorporated in the UK and provide an incorporation certificate for “Hourly Limited”.Hourly Limited was incorporated in the UK on March 14th, 2017. Whether the company actually has anything to do with Hourlyer though is unclear.In any event 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…

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Hour Grows Review: 52,000% annual ROI through forex trading?

Hour Grows provide no information on their website about who owns or runs the business.The Hour Grows website domain (“hourgrows.com”) was privately registered on January 12th, 2018.On their website Hour Grows claims to be incorporated in the UK;In 2016 we were incorporated in London under the name Hour Grows LTD.A search of the UK Companies House database however reveals no such incorporation exists.Based on this, the London corporate address is provided on the Hour Grows website is assumed to have nothing to do with the company.At the time of publication Alexa estimate that 75% of traffic to the Hour Grows website…