ATC Coin founder wanted by police for diverting invested funds
Subash Jewria (aka Subhashchand Jewria) founded the ATC Coin pump and dump altcoin pyramid scheme earlier this year in March. Built on the ATCC cryptocurrency, Jewria offloaded premined ATCC to victims...
View ArticleDuePoint Review: Financial insurance & eCommerce subscriptions
DuePoint operate in the financial services MLM niche and are based out of Gauteng, South Africa. DuePoint list five “team members” on their website, however their specific roles within the company are...
View ArticleGlobal Dynamic Marketing Review: Revshare collapses, bitcoin reboot
Global Dynamic Marketing initially launched as a “revshare”. GDM offers a completely new RevShare experience! Unseen commission payout, incredible easy-to-use backoffice and lightning fast support...
View Article10xBitcoin Review: Seven-tier 2×15 matrix pyramid recruitment
10xBitcoin provide no information on their website about who owns or runs the business. The 10xBitcoin website domain (“10xbitcoin.com”) was privately registered on January 27th, 2017. Marketing images...
View ArticlePrime Meridian Enterprises Review: Motor & life insurance policies
Prime Meridian Enterprises provide no information on their website about who owns or runs the business. The Prime Meridian Enterprises website domain (“pme.co.za”) was registered on September 8th,...
View ArticleGenusity Review: Bluetooth beacon marketing devices
Genusity operate in the marketing MLM niche and are based out of North Carolina in the US. A marketing video on the Genusity website reveals Randy Thomas and Tim Sebert are co-founders of the company....
View Article#1 Goldmine Review: Email blasters with text and banner ads
#1 Goldmine operates in the advertising MLM niche and identifies Maryanne Myers as owner of the company. On the #1 Goldmine website, Myers claims to have history with websites going back twenty years....
View ArticlePhoenix Power Rising admin arrested for securities fraud
Terri Ann Petty first popped up on BehindMLM’s radar last year, as admin of the Phoenix Power Rising cycler Ponzi. Following complaints from her investors, authorities in Ventura County launched an...
View ArticleUSFIA Receiver seeks $5.3 million clawback from Steve Chen’s ex-wife
While gullible USFIA investors were lead to believe they were investing in GemCoin points backed by valuable amber, on the back-end Steve Chen was siphoning off millions of dollars to enrich himself...
View ArticleLyoness asked to stop lying about Norway investigation, new deadline
Back in July it was revealed the Norwegian Gaming Board had reopened its pyramid scheme investigation into Lyoness. The investigation was reopened following a continued stream of complaints from the...
View ArticleTelexFree mattress money mule pleads guilty
Back in January Cleber Rocha, an accomplice of TelexFree owner Carlos Wanzeler, was caught trying to launder over twenty million dollars in stolen investor funds. An indictment on two counts of money...
View ArticleCool Trader Pro collapses, Cool Trader Inc files for bankruptcy
MLM companies attached to robotic trading software make little sense. If you owned robotic trading software capable of generating legitimate and consistent returns year in year out, why would you share...
View ArticleTelexFree Trustee proposes plan to resolve 112,471 disallowed claims
Although it has likely been eclipsed by some of the scams currently doing the rounds, the SEC’s 2014 bust of TelexFree was at the time easily the biggest ever seen. With three billion dollars...
View ArticleOneCoin CEO Pierre Arens quits, Ruja Ignatova not seen for months
When Pierre Arens failed to appear at a recent OneCoin event in Portugal, host Kari Wahlroos claimed it was because he had a cold. Far more likely is the fact that Arens was well underway with plans to...
View ArticleFive OneCoin affiliates arrested in Korea, crackdown continues
Whereas we’re usually pretty on top of OneCoin affiliate arrests globally, this one from back in June slipped through the cracks. Since the start of this year, Korea’s Financial Supervisory Service has...
View ArticleGladiaCoin 2 Review: Lose money in a bitcoin doubler, invest again?
GladiaCoin was (as far as I know) the first bitcoin doubler Ponzi to surface. Launched earlier this year in March, GladiaCoin promised gullible affiliates a 200% ROI in 90 days. Naturally GladiaCoin...
View ArticleEnsis Review: Confirmed Ponzi business model offering 150% a day
Ensis provide no information on their website about who owns or runs the business. The Ensis website domain (“ensis.me”) was registered on October 12th, 2017. Sergey Frolov is listed as the owner, with...
View ArticleYota Review: Daily Ponzi ROIs of up to 3.5%
Yota provide no information on their website about who owns or runs the business. The Yota website domain (“yota.biz”) was privately registered on November 22nd, 2016. The domain registration was last...
View ArticleMultisure Review: Legal and funeral insurance with pyramid recruitment
Multisure claim to be a ‘dynamic 100% South African “born and bred” company started in the year 2000.‘ Denton Goodford is the Managing Director of Multisure, and credited as the company’s “face, head...
View ArticleIncloude Review: Bitcoin mining investment Ponzi fraud
Incloude provide no information on their website about who owns or runs the business. Incloude claim to be ‘an Canadian company [sic], founded in 2012 and started trading on stock exchanges for the...
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