OneCoin demotes Kari Wahlroos, Frank Ricketts returns?
Amid rumours Kari Wahlroos had, despite keeping up appearances, effectively left OneCoin, today the company announced he’s been demoted. Wahlroos joined OneCoin in 2015, after jumping ship from...
View ArticleLaser Online reboot collapses, Bodi Klamph outed as CEO
As expected, the reboot of the Laser Online Ponzi scheme has collapsed a few weeks after launch. Disgruntled investors also appear to have uncovered the true identity of Laser Online’s CEO, “Antonio...
View ArticleViridian to abandon MLM business operations from March, 2018
Unknown to me as I was researching Viridian for our recently published review, the company was gearing up to completely abandon its MLM business. On December 2nd Viridian advised it was holding a...
View ArticleWorldVentures RICO pyramid scheme class-action lawsuit filed
A class-action lawsuit that alleges WorldVentures is an illegal pyramid scheme was filed earlier this year. This one slipped under the radar, so you’ll have to forgive the late coverage as I only found...
View ArticleReward Table Review: Three-tier bitcoin Ponzi matrix cycler
Reward Table provide no information on their website about who owns or runs the business. The Reward Table website domain (“rewardtable.com”) was privately registered on November 22nd, 2017. As always,...
View ArticleVista Network Review: Bitcoin & ethereum 80 day doubler Ponzi
Vista Network provide no information on their website about who owns or runs the business. The Vista Network website domain (“vista.network”) was privately registered on May 29th, 2017. At the time of...
View ArticleTraffic Monsoon investor Paypal case stayed
Kingsley Ezeude and Chukwuka Obi respectively invested $2216 and $2238 into the Traffic Monsoon Ponzi scheme. Back in May the pair sued PayPal, alleging PayPal as aware that Traffic Monsoon was...
View ArticleUSFIA victim claims process being developed
Good news for victims of the USFIA Ponzi scheme, a claim portal is likely to be opened sometime in the first quarter of 2018. That prediction is based off the USFIA Receiver’s Ninth Interim Report,...
View ArticleQNet Review: How is this MLM company still in business?
QNet was founded in 1998 and is headquartered in Hong Kong. As far as I can tell though, other than existing there in name, QNet has no business operations in Hong Kong itself. The company was founded...
View ArticlePure Light Technologies Review: Light bulbs that clean and purify air?
Pure Light Technologies operate in the energy MLM niche and are based out of Idaho in the US. Heading up Pure Light Technologies is CEO and President Roger K. Young. According to the company website,...
View ArticleCoinifica Review: 3% daily for 50 days Ponzi scheme
Coinifica provide no information on their website about who owns or runs the business. The Coinifica website domain (“coinifica.com”) was registered on March 1st, 2017. Mario Cappellery is listed as...
View ArticleBTC Wait Review: “Unique investment methods” that don’t exist
BTC Wait provide no information on their website about who owns or runs the business. The BTC Wait website domain (“btcwait.com”) was privately registered on November 7th, 2017. BTC Wait claim to be...
View ArticleTraffic Monsoon Receiver recovers $4.3 million from Allied Wallet
On November 29th the Traffic Monsoon Receiver filed her Third Stats Report. In it the Receiver revealed over $4.3 million has been recovered from Allied Wallet. With Charles Scoville’s preliminary...
View ArticleHit Coin Trade Review: “Market cryptocurrency” = 72% ROI in 3 days?
Hit Coin Trade provide no information on their website about who owns or runs the business. The Hit Coin Trade website domain (“hitcoin.trade”) was privately registered on November 21st, 2017. Hit Coin...
View ArticleOsmium Center Review: 15% daily ROI Laser Online clone
Osmium Center provide no information on their website about who owns or runs the business. The Osmium Center website domain (“osmium.center”) was privately registered on November 17th, 2017. There is...
View ArticleRandy Crosby folds, enters into negotiations with the SEC
After holding out for three and a half years, Randy Crosby has finally entered into negotiations with the SEC. The SEC have identified Crosby as “one of the most successful promoters of TelexFree”. In...
View ArticleOneCoin’s Parhiala buys Sharky Bar in Cambodia (money laundering?)
Despite an alleged three million plus investors unable to withdraw the purported internal value of their OneCoin points, life is good for those at the top. Along with Sebastian Greenwood, Juha Parhiala...
View ArticleRelicoin Bid Review: Confusing “prelaunch ICO” Ponzi mess
Relicoin Bid provide no information on their website about who owns or runs the business. The Relicoin Bid website domain (“realcoinearn.online”) was registered on December 9th, 2017. Raghav Singh is...
View ArticleMass Cryp Review: Blockchain based decentralized advertising platform?
Mass Cryp provide no information on their website about who owns or runs the business. The Mass Cryp website domain (“masscryp.com”) was privately registered on August 27th, 2017. Why they’re not...
View ArticleV-One Review: VONE points “lending” daily ROI Ponzi scheme
V-One provide no information on their website about who owns or runs the business. The V-One website domain (“v-one.io”) was privately registered on October 30th, 2017. The official V-One Facebook...
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