Tagged: MLM Reviews

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AladinCoin Review: AIC Ponzi points scheme

AladinCoin provide no information on their website about who owns or runs the business.The AladinCoin website domain (“aladincoins.com”) was privately registered on March 21st, 2017.In what appears to be an attempt to feign legitimacy, AladinCoin provide a HSBC UK “Deposit of Fund” certificate on their website.The deposit is for $1 billion USD and was made by Taswin Tarib, an Indonesian citizen, on November 14th, 2017.For some reason AladinCoin took it upon themselves to block out the company owner on the document.Where things get interesting is the provided address for Aladin Coins LLC is in California.According to a Business Entity Search with…

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BitXGroup Review: Hourly & daily ROI crypto “mining & trading” Ponzi

BitXGroup provide no information on their website about who owns or runs the business.The BitXGroup website domain (“bitxgroup.trade”) was privately registered on December 23rd, 2017.BitXGroup provide a UK incorporation number on their website, which corresponds to “BitX Group Limited”.BitX Group Limited was incorporated on December 1st, 2017 through a residential address in London.“Kyle Horton” is listed at the sole Director of the company, through another residential address in Hampshire.Given that no information on Kyle Horton and BitX Group Limited exists outside of the incorporation, it’s a good bet Horton doesn’t actually exist.UK incorporation is dirt cheap and for the most part…

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Empire Coin Club Review: Bitcoin package investment Ponzi

Empire Coin Club provide no information on their website about who owns or runs the business.The Empire Coin Club website domain (“empirecoinclub.com”) was privately registered on July 7th, 2017.Despite a website presented in English, the official Empire Coin Club compensation plan is written in Spanish.This suggests that whoever is running Empire Coin Club is likely based out of Europe or South America.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.Empire Coin ProductsEmpire Coin has no retailable products or services, with Empire Coin…

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BitsTrades Review: BSS points ICO lending Ponzi scheme

BitsTrades provide no information on their website about who owns or runs the business.The BitsTrades website domain (“bitstrades.com”) was first registered on July 20th, 2016.The Wayback Machine reveals that the current BitsTrades website went live sometime after September, 2017. Prior to the latest iteration, BitsTrades was an “index trading investment” scheme.Alexa traffic estimates for the BitsTrades website show an uptick from November, 2017, which is probably around the time the current BitsTrades website went live.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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Ribbon Coin Review: ICO Ponzi scheme “with a cause” is still a Ponzi

Ribbon Coin provide no information on their website about who owns or runs the business.The Ribbon Coin website domain (“ribboncoin.co”) was privately registered on November 21st, 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.Ribbon Coin ProductsRibbon Coin has no retailable products or services, with affiliates only able to market Ribbon Coin affiliate membership itself.The Ribbon Coin Compensation PlanRibbon Coin affiliates acquire pre-generated RBC points from the company’s anonymous owners.RBC points are sold to Ribbon Coin affiliates for between 50 cents and…

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Numiv Coin Review: NUM points ICO lending Ponzi scheme

Numiv Coin provide no information on their website about who owns or runs the business.The Numiv Coin website domain (“numivcoin.com”) was privately registered on October 8th, 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.Numiv Coin ProductsNumiv Coin has no retailable products or services, with affiliates only able to market Numiv Coin affiliate membership itself.The Numiv Coin Compensation PlanNumiv Coin affiliates purchase pre-generated NUM points from the company’s anonymous owners.Numiv Coin sell NUM points to affiliates for 80 cents to $1 each.Once…

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Bitfinite Review: BFC points ICO lending Ponzi scheme

Bitfinite provide no information on their website about who owns or runs the business.The Bitfinite website domain (“bitfinite.co”) was  privately registered on November 2nd, 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.Bitfinite ProductsBitfinite has no retailable products or services, with affiliates only able to market Bitfinite affiliate membership itself.The Bitfinite Compensation PlanBitfinite affiliates purchase pre-generated BFC points from the company’s anonymous owners.BFC points are sold to Bitfinite affiliates for 75 cents to $1.15 each.Once acquired, BFC points are “lent” back to…

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Bitcoiin Review: B2G pump and dump altcoin

Bitcoiin provide no information on their website about who owns or runs the business.The Bitcoiin website domain (“bitcoiin.com”) was initially registered back in August, 2015.The domain appears to have been up for sale throughout 2017, until it was purchased by its current owners on or around January 8th, 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.Bitcoiin ProductsBitcoiin has no retailable products or services, with affiliates only able to market Bitcoiin affiliate membership itself.The Bitcoiin Compensation PlanBitcoiin affiliates purchase B2G points from…

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Platinam Capital Review: Cancer medication = 300% ROI in 45 days?

Platinam Capital provide no information about who owns or runs the company on their website.The Platinam Capital website domain (“platinam.org”) was privately registered on November 6th, 2017.An address in London, UK is provided on the Platinam Capital website. Further research however reveals the address is that of a Post Office, who on their website advertise virtual office services.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.Platinam Capital ProductsPlatinam Capital has no retailable products or services, with affiliates only able to market Platinam…

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Bit-Trade Review: Cryptocurrency trading 250 day ROI Ponzi scheme

Bit-Trade operate in the MLM cryptocurrency niche and claim to be based out of Vancouver, Canada.Supposedly heading up the company is Philippe Nicolas.A stock image of a white guy in a suit in used to represent Nicolas. The same image appears on a number of other websites.Given this it is assumed that Philippe Nicolas doesn’t exist and Bit-Trade has no operations in Canada.The Bit-Trade website domain (“bit-trade.io”) meanwhile was privately registered on July 28th, 2017.At the time of publication Alexa estimate that 100% of traffic to the Bit-Trade website originates out of India.This strongly suggests that whoever is running Bit-Trade is…