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iBuumerang Review: Holton Buggs ditches coffee for travel

April 20, 2019, 10:00 pm
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iBuumerang prelaunched as Countdown4Freedom last month. In our prelaunch review, we ascertained Countdown4Freedom operates in the MLM travel niche. The company was headed up by Holton Buggs (marketing) and David Manning (travel). Nothing in this regard has changed with iBuumerang’s official launch. Holton Buggs (right) is cited as iBuumerang’s Chairman and CEO. David Manning is [Continue reading...] Source: iBuumerang Review: Holton Buggs ditches coffee for travel

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Cents For Freedom Review: Turn 10 cents into $238 million?

April 21, 2019, 12:33 am
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Cents For Freedom provides no information on its website about who owns or runs the business. The Cents For Freedom website domain (“centsforfreedom.com”) was privately registered on February 21st, 2019. Two possible locations Cents For Freedom is being run from are Russia and Pakistan. Alexa currently pegs Russia as the top source of traffic to [Continue reading...] Source: Cents For Freedom Review: Turn 10 cents into $238 million?

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Matt Lloyd’s MOBE entry of default set aside

April 21, 2019, 6:14 pm
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Following an entry of default recorded against Matt Lloyd McPhee on February 1st, McPhee filed to have it set aside. McPhee’s motion was granted on April 19th. In his motion, McPhee (right) argued he was under the impression he was still in settlement negotiations with the SEC. And so he hadn’t filed a response to [Continue reading...] Source: Matt Lloyd’s MOBE entry of default set aside

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ABC Systems Review: Disner & Piccolo head up revshare Ponzi

April 21, 2019, 10:00 pm
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ABC Systems provides no information about who owns or runs the business on their website. The ABC Systems website domain (“theabcsystems.com”) was privately registered on February 15th, 2019. Further research reveals Doniel Tiggs, a prominent ABC Systems promoter, claiming the company is headquartered in Hong Kong and headed up by CEO Joseph Che-Woo. In the US [Continue reading...] Source: ABC Systems Review: Disner & Piccolo head up revshare Ponzi

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Daily Freedom Challenge Review: Thirty-tier bitcoin gifting scheme

April 22, 2019, 2:04 am
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Daily Freedom Challenge provides no information on its website about who owns or runs the business. The Daily Freedom Challenge website domain (“dailyfreedomchallenge.com”) was privately registered on January 5th, 2019. I did come across multiple affiliate promoters citing Clifford Gholston as Daily Freedom Challenge’s owner. This lead me to Daily Freedom Challenge’s official Facebook group, [Continue reading...] Source: Daily Freedom Challenge Review: Thirty-tier bitcoin gifting scheme

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Faith Sloan settles TelexFree Ponzi fraud with Trustee

April 22, 2019, 6:08 pm
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In addition to being pursued by the SEC, TelexFree net-winner Faith Sloan also faced clawback litigation from the Trustee. According to the Trustee, Sloan stole $710,319 from TelexFree victims. Earlier this month we reported Sloan had reached a settlement with the SEC. In light of that yet to be approved settlement, the Trustee and Sloan [Continue reading...] Source: Faith Sloan settles TelexFree Ponzi fraud with Trustee

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Multiple counts dismissed in Vista Network Piccolo lawsuit

April 22, 2019, 7:37 pm
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In Vista Network’s lawsuit against Phillip Piccolo and associates, a number of claims have been dismissed for failure to state a claim. The gist of failure to state a claim is that a plaintiff fails to state specific claims, upon which relief is sought. Reciting events or allegations aren’t enough, within the context of the [Continue reading...] Source: Multiple counts dismissed in Vista Network Piccolo lawsuit

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EssenceFX Review: Shady “unit investment” trading scheme

April 22, 2019, 10:00 pm
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EssenceFX provides no information on its website about who owns or runs the business. In the footer section of its website, EssenceFX represents it is incorporated in Vanuatu. Vanuatu has emerged as a scam friendly jurisdiction, particularly within the MLM finance niche. Unless it is based out of Vanuatu, there is no legitimate reason for [Continue reading...] Source: EssenceFX Review: Shady “unit investment” trading scheme

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Copy Profit Success Global rebooted as FX Signal Education Plus?

April 22, 2019, 10:51 pm
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Copy Profit Success Global popped up on our radar about a year ago. After about a month of obnoxious “we’re gonna take over forex” marketing, Copy Profit Success Global launched… and then flopped. Hard. A libel and slander lawsuit filed by iMarketsLive is also believed to have contributed to CPS Global’s quick demise. Today Copy [Continue reading...] Source: Copy Profit Success Global rebooted as FX Signal Education Plus?

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AWS Mining Ponzi collapses, promises AWS Capital reboot in Dubai

April 23, 2019, 4:30 pm
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Rather than admit they’ve run out of money to pay off existing investors, AWS Mining came up with an elaborate fire damage story. It is with regret that AWS MINING informs that a fire has destroyed one of our Crypto Mining Farms in Paraguay. Although the reason behind this devastating fire remains unknown, it is [Continue reading...] Source: AWS Mining Ponzi collapses, promises AWS Capital reboot in Dubai

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$48 million clawback lawsuit filed against Traffic Monsoon scammers

April 23, 2019, 6:03 pm
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The Traffic Monsoon Receiver has filed a class-action clawback complaint, targeting top net-winners in the $175 million dollar Ponzi scheme. The Traffic Monsoon clawback lawsuit was filed on April 22nd, following court approval in late March. The Receiver’s ambitious clawback lawsuit targets 4819 net-winners, each of whom withdrew a net of $1000 or more. Together, [Continue reading...] Source: $48 million clawback lawsuit filed against Traffic Monsoon scammers

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ArbiStar Review: Trading bot Ponzi scheme run by serial scammer

April 23, 2019, 10:00 pm
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ArbiStar operate in the cryptocurrency MLM niche. The company is headed up by CEO Santi Fuentes, who is based out of Spain. In his ArbiStar corporate bio, Fuentes claims to be one of the most experienced people in the world of Referral Marketing. He has led teams of thousands of people with great success. Fuentes [Continue reading...] Source: ArbiStar Review: Trading bot Ponzi scheme run by serial scammer

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BitFund4U Review: Eight-tier 0.005 BTC gifting scheme

April 24, 2019, 12:00 am
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BitFund4U provides no information about who owns or runs the company on their website. The BitFund4U website domain (“bitfund4u.com”) was registered on March 20th, 2019. 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. BitFund4U Products [Continue reading...] Source: BitFund4U Review: Eight-tier 0.005 BTC gifting scheme

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Wellmont Capital: Antony Norman gobbles up what’s left of IQ Chain

April 24, 2019, 8:49 pm
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Trying to track the current status of whatever company is fronting the Ormeus Coin scam, reveals a convoluted mess of shell companies. Here’s what I’ve been able to piece together. Sometime last year Antony Norman created Wellmont Capital Group, a company that supposedly has offices across Europe. Norman (right) first appeared on BehindMLM’s radar in [Continue reading...] Source: Wellmont Capital: Antony Norman gobbles up what’s left of IQ Chain

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Digital Income System Review: $25,000 traffic rotator pyramid scheme

April 24, 2019, 10:00 pm
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Digital Income System provides no information on their website about who owns or runs the company. As I write this, the Digital Income System website is nothing more than an affiliate login page. If you visit through a Digital Income System affiliate referral link, you’re presented with recruitment marketing. The Digital Income System website domain [Continue reading...] Source: Digital Income System Review: $25,000 traffic rotator pyramid scheme

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AiYellow jumps on crypto bandwagon with Yellow Trading Coin (YTC)

April 24, 2019, 10:39 pm
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AiYellow’s hopping on the MLM crypto bandwagon is as cookie cutter as it gets. Before we get into that though, some history. AiYellow launched in 2005. Although they’ve added bits and pieces to it over the years, the core business model has remained relatively unchanged. AiYellow is centered around a useless business director (because y’know, [Continue reading...] Source: AiYellow jumps on crypto bandwagon with Yellow Trading Coin (YTC)

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OneCoin scammers used NZ and AU to circumvent Samoan ban

April 25, 2019, 5:41 pm
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After Samoan authorities banned OneCoin transactions in mid 2018, local promoters began laundering funds through New Zealand. This caught the attention of New Zealand authorities, who detailed the operation in a 124 page intelligence report. The report was submitted by the New Zealand Financial Intelligence Unit to the Central Bank of Samoa. According to the [Continue reading...] Source: OneCoin scammers used NZ and AU to circumvent Samoan ban

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Ash Mufareh pulls GoFounders Onpassive “workaholic” exit-scam

April 25, 2019, 8:46 pm
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After collecting GoFounders fees for almost a year, Ash Mufareh has told affiliates he’s taking their money and quitting. GoFounders was a simple matrix-based pyramid scheme. On the backend you had OnPassive, which was supposed to host marketing tools. On or around April 24th Mufareh pulled the plug on OnPassive’s website. In a “Founders Private [Continue reading...] Source: Ash Mufareh pulls GoFounders Onpassive “workaholic” exit-scam

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Guardian Capital AG Review: Malaysian trading Ponzi scheme

April 25, 2019, 10:00 pm
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Guardian Capital AG (aka GCG Asia) provides no information on their website about who owns or runs the business. The Guardian Capital AG website domain (“guardiancapitalag.asia”) was registered on December 22nd, 2018. Guardian Capital AG is listed as the owner, through an incomplete address in Switzerland. Further research reveals Guardian Capital AG affiliates naming Darren [Continue reading...] Source: Guardian Capital AG Review: Malaysian trading Ponzi scheme

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Konstantin indictment stay suggests DOJ cooperation

April 26, 2019, 5:29 pm
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Under the Speedy Trial Act, the DOJ had until April 26th to file an indictment or information pertaining to Konstantin Ignatov. An April 26th filing reveals continues negotiations between Konstantin’s attorney and the DOJ. Ignatov, as head of the OneCoin Ponzi scheme, was arrested and charged with conspiracy to commit wire fraud last month. A [Continue reading...] Source: Konstantin indictment stay suggests DOJ cooperation

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