Deposition discovery fails to delay USFIA Ponzi case
A joint-stipulation filed by the SEC and Steve Chen on September 30th had asked for a delay in proceedings of four months. Judge Klausner has rejected the rescheduling and preserved the original...
View ArticleThe Ads Team Review: OneCoin scammers launch new Ponzi scheme
The Ads Team website identifies three owners of the company; Muhammad Azam, Najam Ul-Hassan and Muhammad Imran. All three owners of The Ads Team appear to be based out of the UK. Prior to launching The...
View ArticleTelegram shuts down Lara With Me Ponzi bot
The Achilles’ Heel of the Lara With Me Ponzi scheme is the use of Telegram to coordinate Ponzi payments and withdrawals within the company. As noted in our BehindMLM Lara With Me review, published back...
View ArticleHousing 4 Life Review: Nine-tier matrix cycler feeder
The Housing 4 Life website identifies Joseph Gannon as owner of the company. On his Facebook profile Gannon cites his location as Arizona in the US, which is presumably where Housing 4 Life is being...
View ArticlePolice arrest Manoj Kumar’s wife (Speak Asia)
Despite it being over five years since Indian police first filed a First Information Report on Speak Asia, turns out there are still dedicated officers working the case. Two Speak Asia suspects were...
View ArticleBitDonix Review: Eight-tier bitcoin-based cash gifting
BitDonix name three company administrators on their website; OJ Jordon, Lubos Hollan and Tousif Parvez. OJ Jordan is based in the UK, Lubos Hallan in Slovakia and Tousif Parvez in Abu Dhabi. OJ...
View ArticleClass Certification in Texas Stream pyramid lawsuit upheld
Back in 2009 Juan Ramon Torres and Eugene Robison filed a civil action under the Racketeer Influenced and Corrupt Organizations Act (“RICO”), alleging that Stream Energy, through its multi-level...
View ArticlePhoenix Trade Review: Cryptocurrency trading Ponzi & recruitment
There is no information on the Phoenix Trade website indicating who owns or runs the business. The Phoenix Trade website domain (“phoenixtrade.asia”) was registered on the 22nd of July 2016. Xie...
View ArticlemyEcon Review: Third-party products and services & recruitment
myEcon dub themselves the “personal financial success company” and are based out of Atlanta in the US. Founded in 2005, myEcon is headed up by CEO Larry Gates. As per Gates’ myEcon corporate bio, he...
View ArticleIs OneCoin’s merchant app a €399 white-label platform?
Would it be too much to expect a self-proclaimed multi-billion dollar company to hire coders to put together a custom app platform? When it comes to OneCoin, apparently so. Tiger App Builder offer a...
View ArticleBTC Fund Network Review: Twenty-tier cycler, $125.8 million ROIs
There is no information on the BTC Fund Network website indicating who owns or runs the business. The BTC Fund Network website domain (“btcfundnetwork.com”) was registered on the 20th of September...
View ArticleInnovAds Review: 120% free or 150% paid ROI Ponzi scheme
There is no information on the InnovAds website indicating who owns or runs the business. The InnovAds website domain (“innovads.com”) was registered on June 22nd 2016, however the domain registration...
View ArticleCFTC file lawsuit against Changes Trading, Baggett and Parker
The SEC shutdown of Zeek Rewards in 2012 has since spawned many Ponzi points clones. Late 2013 saw the launch of one of those clones, Changes Worldwide. Soliciting up to $25,000 investments into...
View ArticleRegulator confirms OneCoin is fraudulent as per Chinese law
Last we checked in on the status of OneCoin in China, police in Guandong had arrested local OneCoin affiliates and seized $45.7 million dollars. It is believed the Guandong investigation is ongoing...
View ArticlePower On Network Review: Crypto888 Club scammers launch XeCoin
There is no information on the Power On Network website indicating who owns or runs the company. A Power On Network corporate webinar this review is based on is hosted by Nigel Allan. On the webinar,...
View ArticleEmaar Ventures Review: $20 to $50,000 Ponzi investment fraud
On their website, Emaar Ventures claim: Our Group of companies were incorporated in 2009. Although we have had our mother company for over 20 years. The Emaar Ventures website domain...
View ArticleSureBets Win Review: Suspect sports arbitrage platform
Surebets Win claims to have been founded by two sports entrepreneurs Mike Allen the CEO and William Burwell the Operations manager. I was unable to find any further information on these two individuals...
View ArticlePaid 2 Save Review v2.0: Travel discounts with pay to play
BehindMLM first reviewed Paid 2 Save in April, 2013. Back then the company paired a “discount card program” with an MLM compensation plan. From a regulatory standpoint, Paid 2 Save had no actual...
View ArticleOpen HYIP Review: Transparent bitcoin Ponzi scheme
Open HYIP refer to themselves as an “MLM Investment Club”. There is no information on the Open HYIP website indicating who owns or runs the business. The Open HYIP website domain (“openhyip.net”) was...
View ArticleBTCxCanada Review: Canadian themed MMM Global Ponzi clone
There is no information on the BTCxCanada website indicating who owns or runs the business. The BTCxCanada website’s “about us” page has a spiel that suspiciously sounds like MMM Global Ponzi cult...
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