My Advertising Pays processor lawsuit dismissed
Last December the My Advertising Pays sued payment processor VX Gateway for $59.6 million dollars. The Ponzi scheme alleged VX Gateway was wrongfully withholding investor funds and sought recovery. VX...
View ArticleFM World Review: Buy and get paid to recruit affiliates who buy
FM World provide no information on their website about who owns or runs the business. According to the company’s Polish Wikipedia page, FM World is a Polish company that began as “FM Group”. FM Group...
View ArticleHerbalife’s top Chinese executive quits, new compensation plan?
In addition to the $200 million dollar fine Herbalife copped for running a pyramid scheme last year, the company was given ten months to introduce a new compensation plan. Among other things,...
View ArticleReferABit Review: Bitcoin Banking reload Ponzi scheme
ReferABit provide no information on their website about who owns or runs the company. The ReferABit website domain (“referabit.com”) was privately registered on May 20th, 2017. Copy on the ReferABit...
View ArticleSener Trader Review: Eagle Gates Group reboot Ponzi
Sener Trader claim they were ‘founded on February 2007 in the United States‘ and are ‘now one of the world’s leading index futures investment and asset management company‘ [sic]. A corporate address in...
View ArticleKimball Parker fined $1.2 million for trading fraud
In 2013 Timothy Baggett and Kimball Parker launched Changed Worldwide. Initially a revenue-sharing Ponzi scheme, in 2014 the company name changed to Changes Trading. Through Changes Trading, Baggett...
View ArticleChang Cheng IFA Review: Historical govt bonds = 200% ROI?
Other than a rosy story about “Chinese families”, Chang Cheng International Finance Alliance provide no information on their website about who owns or runs the business. The alliance Chang Cheng began...
View ArticlePando Mission Review: Pando Crown Ponzi points
Pando Mission operate out of Denmark and cite Peter Alexander (Full name: Peter Alexander Lexander) as founder of the company. In 2010 Lexander (right) founded Botanoo, a carbon credit based MLM...
View ArticleOneCoin warning issued by Central Bank of Curaçao and Sint Maarten
The latest regulator to issue a warning against investing in OneCoin is the Central Bank of Curaçao and Sint Maarten. The warning, issued on May 23rd, applies to OneCoin, OneLife and the “OneLife...
View ArticleSteinkeller Brothers walk away from $2.5 mill monthly OneCoin income?
Siting atop the One DreamTeam OneCoin affiliate downline, the Steinkeller Brothers were purportedly taking home around $2.5 million dollars a month (so claims Ted Nuyten). With an established group of...
View ArticleMy Next Aim Review: The Ads Leader launch pyramid scheme
My Next Aim provide no information on their website about who owns or runs the business. The My Next Aim website domain (“mynextaim.com”) was privately registered on April 19th, 2017. Further research...
View ArticleWorld’s Best Matrix Review: 2×10 matrix bitcoin gifting
World’s Best Matrix provide no information on their website about who owns or runs the business. The World’s Best Matrix website domain (“worldsbestmatrix.com”) was privately registered on April 6th,...
View ArticleThe Champ Coin Review: 9% six month ROI Ponzi points
Despite claiming to be “open and honest in our dealings”, The ChampCoin provide no information about who owns or runs the business on their website. The ChampCoin website domain (“thechampcoin.com”)...
View ArticleCryptoFundz Review: 30 to 40 day cryptocurrency trading ROIs
CryptoFunds provide no information on their website about who owns or runs the business. The CryptoFundz website domain (“crypofundz.com”) was registered on May 15th, 2017. “Ann E Coleman” is listed as...
View ArticleRoyaltie Review: Overpriced Bluetooth spam devices?
Royaltie provide no information on their website about who owns or runs the business. A footer on the Royaltie website identifies its parent company as Hiram Lodge Enterprises Corp. The Royaltie...
View ArticleiCoinPro Review: $39.95 monthly cryptocurrency training memberships
iCoinPro operate in the cryptocurrency MLM niche and, according to its affiliate policies and procedures, is based out of Texas in the US. The State of Texas is the place of the origin of this Contract...
View ArticlePower On Xpress collapses, gears up for 3rd relaunch as “WeROn”
So the saying goes, a leopard can’t change its spots. So it is true with many inhabitants of the MLM underbelly, with those seeking to steal money time and time again launching variations of the same...
View ArticleIoniCoin Review: Registered investment bank bitcoin trading?
IoniCoin provide no information on their website about who owns or runs the business. Three contact points are provided on the IoniCoin website, Bulgaria, Germany and the UK, however only email...
View ArticleOneCoin operating illegally in Belize, issued cease & desist
Belize, a tax haven in central America, isn’t really known for regulation. It’s seen more of an “anything goes” type jurisdiction. Nevertheless, the International Financial Services Commissions serves...
View ArticleAvalon Life Review v2.0: Dashcoin mining pools & recruitment
Avalon Life launched just under a year ago as an altcoin MLM opportunity. Based on the non-publicly tradeable AVLX altcoin, Avalon Life affiliates invested in the hope of flipping the altcoin for a...
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