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5Linx’s Jason Guck sentenced to seven months prison for fraud

May 8, 2019, 6:49 pm
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Following a brief sentencing delay, Jason Guck has been sentenced to seven months in prison. Guck is the third 5Linx owner to be sentenced on charges stemming from wire and tax fraud. The DOJ allege Guck and fellow 5Linx owners Jeb Tyler and Craig Jerabeck, stole millions from 5Linx investors and stockholders. The trio then [Continue reading...] Source: 5Linx’s Jason Guck sentenced to seven months prison for fraud

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Monspace Ponzi scammers arrested and charged in Malaysia

May 8, 2019, 7:38 pm
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Admins of the Monspace Ponzi scheme have been arrested in Malaysia. CEO Lai Chai Shuang (Jessy Lai), Wong Tat Foong and Chai Ling Mooi plead not guilty to charges relating to fraud. Specific charges include violations of Malaysia’s Direct Sales and Anti-Pyramid Scheme Acts. Jessy Lai (right) is facing two charges. As Director of Monspace, [Continue reading...] Source: Monspace Ponzi scammers arrested and charged in Malaysia

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KZ1 Review: eXfuze rebrands with slimmer product offering

May 9, 2019, 12:42 am
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KZ1 began as eXfuze, an nutritional supplement MLM company founded in 2008. BehindMLM reviewed eXfuze way back in 2013. At the time the company was headed up by co-founder and CEO, Rick Cotton. At some point Rick Cotton’s brother Don took over as CEO. He held the position until December 2016, at which time health [Continue reading...] Source: KZ1 Review: eXfuze rebrands with slimmer product offering

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One Hundred K Club Review: 4×7 matrix pyramid scheme

May 9, 2019, 10:00 pm
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One Hundred K Club fails to provide any information about who owns or runs the business on their website. The One Hundred K Club website domain (“onehundredk.club”) was privately registered on December 26th, 2018. If you visit the One Hundred K Club website without an affiliate referral code, you are automatically referred under “admin2”. The [Continue reading...] Source: One Hundred K Club Review: 4×7 matrix pyramid scheme

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Vexa Global Review: Crypto ATM, exchange & trading Ponzi scheme

May 10, 2019, 12:00 am
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Vexa Global provides no information on its website about who owns or runs the business. The company’s website does have an “about us” section, but it appears to be filled with baloney. On July 16, 2015 – Ernest Bogdanov founded Global Partner LLC. Uses his own experience gained during his professional career. The company specializes [Continue reading...] Source: Vexa Global Review: Crypto ATM, exchange & trading Ponzi scheme

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FTC seeks to hold Alan Moore in contempt over missing $26,500

May 10, 2019, 7:43 pm
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Digital Altitude CTO Alan Moore reached a proposed settlement with the FTC in September 2018. As part of the settlement, it was agreed Moore would transfer $46,300 to the FTC. Following a court order to unfreeze the funds, Moore represented to the FTC that the funds had been placed in escrow with his attorney. This [Continue reading...] Source: FTC seeks to hold Alan Moore in contempt over missing $26,500

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MOBE trial date penciled in, Matt Lloyd expecting criminal charges?

May 10, 2019, 8:53 pm
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A May 10th Case Management Report has revealed a proposed 2020 MOBE trial date. Matt Lloyd McPhee’s response to production of evidence also suggests he might be anticipating criminal charges. Before we get into that, just an update on Russel Whitney’s representation. Whitney, as an alleged top earner in MOBE, is a defendant in the [Continue reading...] Source: MOBE trial date penciled in, Matt Lloyd expecting criminal charges?

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ByDzyne Review: A $428 smartwatch. Really?

May 11, 2019, 10:57 pm
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ByDzyne operates in a number of MLM product and service niches. The company fails to provide a corporate address on their website. ByDzyne’s Terms and Conditions however state that ‘all arbitration must occur in Vancouver, British Columbia, Canada‘. That said, ByDzyne’s executives appear to based out of the US. I’m not sure what the connection [Continue reading...] Source: ByDzyne Review: A $428 smartwatch. Really?

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Pruvit encourages loyalty for years with bonus, then doesn’t pay out

May 14, 2019, 1:07 am
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In an MLM compensation plan, typically the most difficult bonuses to qualify for are those that payout periodically. Initial qualification can be steep but also once qualified for, qualification is typically often required be maintained over a period of time. Worse still, even when qualified for, there’s pretty much nothing stopping a company quietly dropping [Continue reading...] Source: Pruvit encourages loyalty for years with bonus, then doesn’t pay out

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World Way Capital Review: Sergiu Valuta fronts another Ponzi scheme

May 15, 2019, 2:39 am
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World Way Capital provides no information on its website about who owns or runs the business. Despite a cock and bull timeline presentation dating back to 2011, World Way Capital didn’t exist until October 2018. World Way Capital provide incorporation documents for World Way Capital in Ontario, Canada. The incorporation address is a residential address, [Continue reading...] Source: World Way Capital Review: Sergiu Valuta fronts another Ponzi scheme

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Crude Oil Profit Review: Oil mining Ponzi scheme

May 15, 2019, 3:24 am
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Crude Oil Profit provides no credible information on its website about who owns or runs the business. The best Crude Oil Profit serves up is a YouTube video, supposedly featuring their Director, “Aaron Morris”. The video however is just someone with a thick thick European accent reading off a broken English script, in what is [Continue reading...] Source: Crude Oil Profit Review: Oil mining Ponzi scheme

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OneCoin claims no Ponzi because IMAs scammed, not consumers

May 15, 2019, 5:38 pm
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OneCoin has stopped defending its fraudulent business model. Instead, the company now claims it’s not a Ponzi pyramid scheme because only IMAs were scammed. “IMA” stands for Independent Marketing Associate and is what OneCoin refers to its affiliates as. As per OneCoin’s business model, IMAs invest in OneCoin points. OneCoin itself sets the internal value [Continue reading...] Source: OneCoin claims no Ponzi because IMAs scammed, not consumers

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Todd Spencer settles Zhunrize fraud with Receiver

May 15, 2019, 6:58 pm
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The last Zhunrize defendant holding out has settled with the Receiver. Todd Spencer was named as a clawback defendant in the Zhunrize Receiver’s $2.8 million Vodaware lawsuit. Through Vodaware, Spencer is believed to have received upwards of $350,000 in stolen Zhunrize investor funds. Our last update on Spencer’s clawback litigation was in February, wherein it [Continue reading...] Source: Todd Spencer settles Zhunrize fraud with Receiver

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DasCoin Ponzi collapses, GreenPower fork scam revealed

May 15, 2019, 7:56 pm
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The DasCoin Ponzi scheme has collapsed, prompting the company to shut down its website. Visitors to the DasCoin website are now presented with a hard fork message. After a hard fork of the DasCoin Blockchain on May 14, 2019, the existing network nodes have voted to support a new coin. DasCoin’s new scamcoin fork reboot [Continue reading...] Source: DasCoin Ponzi collapses, GreenPower fork scam revealed

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Charles Scoville stalls again with second SCOTUS writ extenstion

May 16, 2019, 7:57 pm
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A second writ deadline extension has given Charles Scoville another month to delay Traffic Monsoon proceedings with. Following losses in district and appeals courts, Scoville is seeking to have his case heard in the Supreme Court. To that end he was granted leave to file a writ of certiorari back in February. This came with [Continue reading...] Source: Charles Scoville stalls again with second SCOTUS writ extenstion

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bUnited Review: $10 per recruit ecommerce platform

May 17, 2019, 2:15 am
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bUnited operates in the ecommerce MLM niche and launched around five years ago. The company’s website domain (“bunited.com”) was first registered in 2014. Promotion of the company however began on or around mid 2015. After nothing much happening since then, measurable interest in the company started earlier this year. At present Alexa pegs Brazil (10%), [Continue reading...] Source: bUnited Review: $10 per recruit ecommerce platform

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Zeek Rewards net-winner scammers’ Fourth Circuit appeal denied

May 17, 2019, 7:18 pm
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In an announcement published earlier this month, the Zeek Rewards Receiver has provided some updates on final distribution payments. We’re a bit late on the Receiver’s May 6th announcement. Nonetheless in the Receiver’s latest announcement he reveals a Fourt Circuit appeal loss for certain Zeek Rewards’ net-winners. Said net-winners objected to being ordered to return funds [Continue reading...] Source: Zeek Rewards net-winner scammers’ Fourth Circuit appeal denied

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AdvoCare to dump MLM opportunity after FTC talks

May 17, 2019, 8:11 pm
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AdvoCare has announced that it is dumping it’s MLM opportunity. The decision was made following “confidential talks” with the FTC. As of yet no details about an FTC investigation into AdvoCare have been made public. According to AdvoCare, talks with the FTC focused on “how (the company) compensates its distributors”. As a result of those [Continue reading...] Source: AdvoCare to dump MLM opportunity after FTC talks

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Cloud Token to continue securities fraud with ASIC’s help

May 17, 2019, 9:02 pm
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In a bid to continue to entice investment into their illegal unregistered securities investment scheme, Cloud Token has registered itself with the Australian Securities and Investments Commission (ASIC). Cloud Token has no physical business operations in Australia. Nor is Australia a significant source of investment revenue for the company (Alexa). Rather Cloud Token is run [Continue reading...] Source: Cloud Token to continue securities fraud with ASIC’s help

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Dennis Windsor’s Nerium lawsuit might be heading toward settlement

May 18, 2019, 6:03 pm
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Dennis Windsor’s long-running lawsuit against Neora might be coming to an end, following representation to the court that a settlement is on the horizon. On May 15th a joint motion was filed, requesting an extension on a deadline set to inform the court about the likelihood of a settlement. The joint motion was filed after [Continue reading...] Source: Dennis Windsor’s Nerium lawsuit might be heading toward settlement

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