The ICANetwork Review: Three-tier membership pyramid recruitment
Although not directly referenced, various testimonials and promotional material on The ICANetwork website identify Michael Glaspie as Founder and CEO of the company. Glaspie first popped up on...
View ArticleBitFundZA Review: 3×5 matrix bitcoin gifting scheme
BitFundZA provide no information on their website about who owns or runs the business. The BitFundZA website domain (“bitfundza.co”) was privately registered on August 16th, 2017. Further research...
View ArticleRuja Ignatova arrested in Germany, report Bulgarian media
Despite OneCoin being in turmoil following a disastrous ICO that’s not an ICO announcement, there hasn’t been a peep out of management. With Pierre Arens walking out last month, it was expected that at...
View ArticleWakaya Perfection barred from pursuing insider trading discovery
In an attempt to support claims of misconduct as the reason affiliates left Youngevity for Wakaya Perfection, the latter began exploring rumors of insider trading. These rumors were explored in...
View ArticleConfirmation of Ruja Ignatova’s arrest yet to surface
As I write this, official confirmation of Ruja Ignatova’s arrest has yet to surface. Reports out of Germany are conflicting, with authorities yet to issue an official statement. A few media...
View ArticleFuxion Review: Nutraceutical fusion with affiliate autoship recruitment
Fuxion operate in the health and nutrition MLM niche and appear to be based out of Peru. The company was founded in 2006 by Frank Michell, Derek Michell, Rafael Zuñiga Benavides and Alvaro Zuñiga...
View ArticleSEC sues Fort Ad Pays, reveals $38 million dollar Ponzi scheme
Fort Ad Pays was a Ponzi scheme that surfaced in 2015. Run by Pedro Fort, Fort Ad Pays affiliates invested in $1 to $300 on the promise of an advertised ROI of up to 210%. The ruse behind Fort Ad Pays’...
View ArticleQuestra World collapses, suspends affiliate ROI withdrawals
For all intents and purposes, Questra World, Atlantic Global Asset Management and Five Winds are all the same company. Atlantic Global Asset Management launched first and is/was headed up by CEO Andrey...
View ArticleCoinbase Service Review: Ponzi scheme not related to known exchange
The Coinbase Service website domain (“coinbaseservice.com”) was privately registered on October 16th, 2017. A UK incorporation certificate is provided on the Coinbase Service website, which corresponds...
View ArticleFX Prog Review: Forex & stocks management = 22% daily ROI?
FX Prog provide no information on their website about who owns or runs the business. The FX Prog website domain (“fxprog.com”) was privately registered on October 19th, 2017. A UK incorporate...
View ArticleBielefeld Prosecutor, Munich Police Commissioner deny Ignatova arrest
Since Nbox broke the news that Ruja Ignatova had allegedly been arrested last Saturday, verified information related to the arrest has been slow to surface. Thus far we have The Gerlach Report claiming...
View ArticlePonzi and pyramid scams aren’t an American problem
Despite every Ponzi scheme professing to offer its own unique spin on the model, the underlying mechanics of the scam remain the same. New money enters the scheme, primarily through new investors,...
View ArticleDeclaration letters sought in Chris Principe’s OneCoin defamation case
Earlier this year Chris Principe sued Timothy Curry for losses in excess of $75,000. In his lawsuit Principe alleges Tayshun publicly blasting him for his involvement in the OneCoin Ponzi scheme...
View ArticleiMarketsLive pyramid warning issued in Curaçao and Sint Maarten
Although iMarketsLive has made efforts to address a potential lack of retail sales, unregistered securities is still an ongoing compliance issue. Last month Colombia issued an illegal investment...
View ArticleBTC Global Team Review: 14% weekly ROI bitcoin Ponzi scheme
BTC Global Team provide no information on their website about who owns or runs the business. The company does however claim to be ‘the marketing arm of Steven’s Trading business.‘ We are backed by our...
View ArticleDasCoin CEO threatens journalist over comparison to OneCoin
DasCoin CEO Michael Mathias is furious over comparisons of his company to OneCoin. Acknowledging that OneCoin is unable to ensure ‘compliance with US laws and regulations’, Mathias insists his DasCoin...
View ArticleInvia World Review: 36 month crypto mining ROI & pyramid recruitment
Invia World provide no specific information on their website about who owns or runs the business. The company claims to be based out of Austria and made up of ‘a group of investors, technicians and...
View ArticleNet-winners still trying to weasel out of TelexFree securities fraud case
Four and a half years after the SEC shut it down and with one of its founders in jail for wire fraud, you’d think TelexFree’s net-winners wouldn’t have a leg to stand on. Not these shameless scammers....
View ArticlePayToday Review: Sergey Frolov launches 3rd Ponzi in as many weeks
Pay Today provide no information on their website about who owns or runs the business. The Pay Today website (“paytoday.house”) was registered on November 2nd. Sergey Frolov is listed as the owner,...
View ArticleBitCase Review: Three-tier bitcoin investment Ponzi fraud
BitCase provide no information on their website about who owns or runs the business. The BitCase website domain (“bitcase.biz”) was privately registered on November 8th, 2017. The official BitCase...
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