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Juice Plus fined €1 mill for deceptive marketing practices in Italy

April 26, 2019, 9:26 pm
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Italy’s AGCM has fined Juice Plus €1 million EUR for deceptive marketing practices. The AGCM’s investigation into Juice Plus began in July 2018. The investigation revealed Italian Juice Plus affiliates were giving product testimonials without disclosing their business interests. As per Juice Plus’ “8 commandments” marketing material, the company advised affiliates there is no explicit [Continue reading...] Source: Juice Plus fined €1 mill for deceptive marketing practices in Italy

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Carlos Wanzler loses Supreme Court bid, can be deported “at any time”

April 26, 2019, 10:22 pm
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Carlos Wanzeler’s life as a fugitive might have finally come to an end. Following the cancellation of his Brazilian citizenship, Brazilian authorities have rejected Wanzeler’s Supreme Court appeal. Wanzeler (right) has been wanted by US authorities since 2014. He is the mastermind behind the $3.6 billion dollar Ponzi scheme TelexFree, which he ran together with [Continue reading...] Source: Carlos Wanzler loses Supreme Court bid, can be deported “at any time”

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R Network Review: RevvCard not launching for another eight months?

April 27, 2019, 1:55 am
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Despite not having an attached product or service till at least Christmas 2019, Richard Smith is gearing up to launch R Network. What will R Network pay commissions on without an attached product or service? Glad you asked. Read on for a full review of the R Network MLM opportunity. In addition to running the [Continue reading...] Source: R Network Review: RevvCard not launching for another eight months?

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Richard Maike’s attorney walks out 111 days before Infinity2Global trial

April 27, 2019, 6:03 pm
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Following a series of delays, Richard Maike’s Infinity2Global criminal trial has been scheduled for July 22nd. Now that date is in jeopardy, following news Maike’s attorney has quit. On April 2nd Maike’s attorney, Brian Butler, filed a motion to withdraw. The cited reason for Butler’s withdrawal was his attorney-client relationship with Maike had ‘deteriorated and [Continue reading...] Source: Richard Maike’s attorney walks out 111 days before Infinity2Global trial

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FTC wants Eric Pinkston held in contempt over bitcoin liquidation

April 27, 2019, 6:58 pm
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Eric Pinkston seems to think he can pull a bitcoin fast one on the FTC. Evidently the regulator has had enough. In an April 26th filing, the FTC has asked Pinkston be held in contempt. As part of an FTC lawsuit filed against Pinkston for promoting fraudulent schemes, he was ordered to liquidate any held [Continue reading...] Source: FTC wants Eric Pinkston held in contempt over bitcoin liquidation

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Pyur Life Review: When desperation leads to embracing elder fraud

April 29, 2019, 4:58 am
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Pyur Life began as Pyur Global. Launched in late 2016, Pyur Global marketed nutritional supplements and an iHeart device. Get an insight of your fitness levels with regular monitoring of the key factors that are strong indicators of your overall health. Pyur Global flopped and was on life support, until founder Bob Bremner decided to [Continue reading...] Source: Pyur Life Review: When desperation leads to embracing elder fraud

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BBC blows lid off Younique & Nu Skin UK recruitment schemes

April 29, 2019, 6:09 pm
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BBC journalist Ellie Flynn has gone undercover as part of an investigation into Younique and Nu Skin. Flynn’s documentary, titled “Secrets of the Multi-Level Millionaires”, examines the success of both companies in the UK. In doing so, it is inadvertently revealed that retail sales appear to be virtually non-existent. I don’t want to give too [Continue reading...] Source: BBC blows lid off Younique & Nu Skin UK recruitment schemes

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Herbalife products tied to acute liver failure in India

May 1, 2019, 2:43 am
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Consumption of Herbalife products to acute liver failure, according to a case study report published by medical staff in India. The report also details heavy metal, toxic compounds, psychotropic substance and bacterial contamination. The case report was published in the March-April 2019 edition of the Journal of Clinical and Experimental Hepatology. Titled “Slimming to the [Continue reading...] Source: Herbalife products tied to acute liver failure in India

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Kuvera Global targeting school kids, AMF warning issued in France

May 1, 2019, 5:47 pm
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France’s Financial Markets Regulator has issued an investment warning against Kuvera Global. The AMF, France’s top financial regulator, observes that Kuvera Global are enticing “young audiences” to “trad(e) on highly speculative products”. The company KUVERA LLC / KUVERA France offers the sale of subscriptions and the sale of training software tools presented as an aid [Continue reading...] Source: Kuvera Global targeting school kids, AMF warning issued in France

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SEC takes action against Ominto (Dubli), securities reg revoked

May 1, 2019, 6:16 pm
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Dubli’s parent company Ominto has come under fire from the SEC, after the company failed to file annual reports since September 2016. Ominto failed to provide a reason for non-filing, but did offer the SEC a settlement upon learning of their investigation. As per the terms of the settlement, as of May 1st Ominto securities [Continue reading...] Source: SEC takes action against Ominto (Dubli), securities reg revoked

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CMDX Review: CoinMD reboots with ERC-20 tokens

May 2, 2019, 5:55 am
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CMDX is a reboot of the failed CoinMD investment scheme. CMDX is owned and operated by Tom McMurrain, a former OneCoin Ponzi scammer. McMurrain launched CoinMD in mid 2017, about six months after OneCoin collapsed. CoinMD’s business model was simple enough; give real money to Tom McMurrain in exchange for worthless CoinRewards points. By March [Continue reading...] Source: CMDX Review: CoinMD reboots with ERC-20 tokens

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Omega Group Review: BitBonds Ponzi points scheme

May 3, 2019, 4:14 am
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Omega Group are based out of Kiev, Ukraine and operate in the cryptocurrency MLM niche. Omega Group is headed up by CEO Bartosz Nafalski. As per Nafalski’s Omega Group corporate bio, he has 25 years of experience as a managing director at Pepsi Co., Foodcare, Maspex and MK Cafe. Possibly due to language-barriers, I was [Continue reading...] Source: Omega Group Review: BitBonds Ponzi points scheme

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Caelus Energy Alaska Review: Fake oil gas company Ponzi scheme

May 3, 2019, 10:00 pm
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Caelus Energy Alaska provides no legitimate information on its website about who owns or runs the business. Caelus Energy Alaska’s website does have an “about us” section, but it’s populated with fictional management represented by stock photos. The Caelus Energy Alaska website domain (“caeoil.com”) was first registered in 2017. The private domain registration was last [Continue reading...] Source: Caelus Energy Alaska Review: Fake oil gas company Ponzi scheme

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Eaconomy Review: Silverstar Live reboot without convicted fraudster

May 4, 2019, 12:26 am
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Eaconomy surfaced three or four weeks ago under “Global Takeover” prelaunch branding. After a cringey “we won’t tell you the company name but plz sign up anyway” period, Eaconomy was revealed about a week ago. Heading up Eaconomy is President Hassan Mahmoud. Mahmoud (right) first appeared on BehindMLM back in January, as co-owner of Silverstar [Continue reading...] Source: Eaconomy Review: Silverstar Live reboot without convicted fraudster

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Weeconomy Review: Flexkom rebooted with crypto investment fraud

May 5, 2019, 10:00 pm
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Weeconomy began as Flexkom, a pay to play pyramid scheme masquerading as an ecommerce platform. Flexkom collapsed on or around late 2016. Today the former Flexkom website domain redirects to something called “MPM Group AG”. Flexkom is believed to have scammed upwards of 40,000 affiliate investors, most of which were in Turkey. Around the time [Continue reading...] Source: Weeconomy Review: Flexkom rebooted with crypto investment fraud

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30 Day Success Formula bumps gifting fraud payments to $27,500

May 6, 2019, 5:53 pm
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Things are getting desperate over at 30 Day Success Formula. Since our review just shy of three weeks ago, the company has introduced a new $27,500 gifting tier. 30 Day Success Formula affiliates have also been banned from making those cringey “cash in the mail” videos. No matter how you cut it though, 30 Day [Continue reading...] Source: 30 Day Success Formula bumps gifting fraud payments to $27,500

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OneCoin money laundering arrests in London, UK

May 7, 2019, 4:27 pm
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No offense to Jen McAdam… but talk about burying the lead. In an “exclusive” interview with McAdam, the UK’s Metro has revealed three OneCoin arrests in London over March and April. According to Metro, the City of London Police told them three men were arrested in March and April on suspicion of fraud and money [Continue reading...] Source: OneCoin money laundering arrests in London, UK

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ShareNode admits no Nasgo demand, suspends NSG payouts

May 7, 2019, 5:18 pm
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In a recent email sent out to affiliates, ShareNode has admitted there is no external demand for Nasgo. The company also announced it was suspending NSG withdrawals until at least Q3 2019. For all intents and purposes Nasgo was dead in the water, until the company’s owners launched ShareNode. ShareNode sees affiliates invest in NSG [Continue reading...] Source: ShareNode admits no Nasgo demand, suspends NSG payouts

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OneCoin victim class-action lawsuit filed in New York

May 7, 2019, 7:00 pm
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A proposed class-action lawsuit has been filed against OneCoin in New York. The opening introduction of the complaint quotes Manhattan U.S. Attorney Geoffrey S. Berman, and pretty much says it all; [They] created a multi-billion-dollar “cryptocurrency” company based completely on lies and deceit. They promised big returns and minimal risk, but … this business was [Continue reading...] Source: OneCoin victim class-action lawsuit filed in New York

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Kuvera Global launches new unregistered securities, SEC still asleep

May 8, 2019, 4:03 am
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MLM cryptocurrency companies and securities fraud practically go hand in hand. It is easily the biggest regulatory threat facing the industry and, for that reason, you’ll see me emphasizing it in a lot of our reviews. Most of the time the companies in question aren’t registered with the SEC and, because of that, I cut the [Continue reading...] Source: Kuvera Global launches new unregistered securities, SEC still asleep

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