Tagged: MLM Reviews

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Spey Invest Review: Fake everything cryptocurrency trading Ponzi

Spey Invest claim it wasset up in 2014 as the pilot online project of trading business by a group of enthusiasts headed by Daniil Solopov.Despite the relatively young age of the Company, SPEY INVEST LTD has become well known to field-specific experts in Great Britain and also abroad as soon as one and a half years of its activity.Two things;First is that you probably don’t know anyone who has ever heard of Spey Invest. In fact, outside of the company’s own website, affiliate marketing and listings on HYIP scam sites, there is no independent third-party information about Spey Invest available.The second is…

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Hyten Global Review: HopRocket travel expands into nutrition

According to a FAQ published on the Hyten Global website, the company is a “transition” from HopRocket.From what I’ve been able to ascertain, the transition from HopRocket to Hyten Global took place on or around December, 2016.The Hyten Global website domain (“hytenglobal.com”) was privately registered on October 14th, 2016.HopRocket itself was launched in 2015 as a spinoff of the failed JM Ocean Avenue venture.Whereas HopRocket provided no information about company ownership on its website, Hyten Global names Tim Richerson (CEO), Tuffy Baum (President) and David Price (International President) as co-founders of the company.Conspicuously absent is Fred Ninow, one of the key…

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Tracto Venture Network Review: Tracto Ponzi points scheme

Tracto Venture Network provide no information on their website about who owns or runs the business.The Tracto Venture Network website domain (“tractoventure.com”) was privately registered on November 4th, 2016.In a FAQ published on Tracto Venture Network website, the company claims to be an “Australian investment fund and platform”.A search of the Australian Business Register turns up nothing for Tracto Venture Network.An address in Sydney provided on the Tracto Venture Network Facebook page belongs to Servo Corp. As per their website, Servo Corp sell virtual office space at Tracto Venture Network’s provided address.As such it appears Tracto Venture Network’s only corporate connection…

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BitQwik Review: 4×6 matrix gifting scheme

BitQwik provide no information on their website about who owns or runs the business.The BitQwik website domain (“bitqwik.net”) was privately registered on June 23rd, 2017.Further research reveals a BitQwik marketing video featured on the BitQwik website is hosted on a YT channel bearing the name “opitimusX”:This is one of the YT channel name variations used by Sherm Mason, who also goes by “OptimusX”.Sherm Mason first popped up on BehindMLM’s radar as the admin of Magnetic Builder.Magnetic Builder was a $29.95 recruitment scheme launched in 2011.In 2015 Mason (right), launched at least five dubious schemes:In 2016 Mason doubled down on his efforts and…

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1000 BTC Ezy Review: Five-tier bitcoin gifting scheme

1000 BTC Ezy provide no information on their website about who owns or runs the business.The 1000 BTC Ezy website domain (“1000btcezy.com”) was registered on July 10th, 2017. Jermaine Cato is listed as the owner, through what appears to be a bogus address in the US.The email address used to register the 1000 BTC Ezy domain is the same used to register that of BTC Fast Double.BTC Fast Double was a Ponzi scheme that promised affiliates a 200% ROI in on bitcoin investments within 72 hours.The BTC Fast Double website domain was registered on May 5th, 2017.Despite the same email address used…

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Pluggle Review: Trademark infringement with pyramid recruitment

Pluggle provide no information on their website about who owns or runs the business.The Pluggle website domain (“pluggle.com.ph”) was registered on April 6th, 2017. Alexis Palma is listed as the owner, with an address in Quezon City, Philippines also provided.Possibly due to language-barriers, I was unable to find anything further on Palma.Alexa currently estimates that 69% of traffic to the Pluggle website originates from the Philippines. That and the Philippine domain choice suggest Pluggle is operated from and primarily marketed within the Philippines.As always, if an MLM company is not openly upfront about who is running or owns it, think long…

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Crypto 7 Continents Review: Global Trading Club clone Ponzi

Crypto 7 Continents provide no information about who owns or runs the company on their website.Marketing copy on the company’s “about us” section on their website appears to be copy and pasted from the Global Trading Club website:Further analysis reveals the Crypto 7 Continents website to practically be a clone of Global Trading Club’s website.Global Trading Club is a Ponzi scheme that launched in late 2016.Global Trading Club affiliates invest $250 to $31,000 on the promise of a daily ROI for up to 475 days.Reports of a collapse from Global Trading Club affiliates first surfaced in early May.The Crypto 7 Continents…

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50 Cent Freedom Review: 50 cent four-tier matrix cash gifting

50 Cent Freedom provide no information on their website about who owns or runs the business.The 50 Cent Freedom website domain (“50centfreedom.us”) was registered on July 10th, 2017. Sheri Vine is listed as the owner, with an address in Thailand also provided.The admin email used to register the 50 Cent Freedom website uses the domain of “Horizon Homestay”.Horizon Homestay offered rentable apartments in Malacca City, Malaysia.The Facebook link on the Horizon Homestay website points to a Facebook profile by the name of “John Williams”.John Williams claims to be from the UK but currently living in Malacca City itself.MLM underbelly scams promoted by…

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Master Coin Plus Review: 120 day bitcoin investment ROI scheme

Master Coin Plus operate in the cryptocurrency MLM niche and name Thomas Armour as CEO of the company.Armour is based out of Florida in the US. On his LinkedIn profile, Armour cites himself as an “internationally recognized keynote speaker, author, coach, sales trainer, and educator.”Prior to Master Coin Plus Armour (right) was the President of YoCoin.YoCoin is a pump and dump MLM altcoin launched just over a year ago.Affiliates invested up to $2000 in YoCoin. After reaching a pump high of 33.9 cents in early July, 2016, today YoCoin’s dump value is just 0.3 cents.On the affiliate side of things Armour…

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USI-Tech Review 2.0: Forex auto-trading dropped for bitcoin Ponzi

USI-Tech’s original business model saw the company charge affiliates €600 EUR for access to an automated forex trading platform.USI-Tech claimed their bot had made ROIs of up to 150% annually in the past, but provided no proof of past or present trading taking place.The problem with USI-Tech’s original model, at least as far as scamming people goes, is that euro is easily traceable.This prompted USI-Tech’s anonymous owner(s) to relaunch as a cryptocurrency opportunity.According to one USI-Tech affiliate, “Hardly anybody is interested in the forex side” of the business.In the interest of keeping up appearances and appeasing those who did hand over…