ExaCoin Review: EXA points “lending” daily ROI Ponzi scheme
ExaCoin provide no information on their website about who owns or runs the business. The ExaCoin website domain (“exacoin.co”) was privately registered on October 23rd, 2017. At the time of publication...
View ArticleEagle Gates Group Ponzi scammers arrested in Thailand
The Eagle Gates Group Ponzi scheme was best known for its hilarious marketing strategies. This included claims Eagle Gates Group had $8 billion dollars of “revenue-generating investments” and had a...
View ArticleAnalysis of USI-Tech’s ethereum mining pool (external ROI revenue?)
With a large percentage of the MLM underbelly on board, in order to survive the next few months USI-Tech needs to convince regular investors to get on board. This has seen the company forced to try to...
View ArticleKashhCoin Ponzi scammers arrested in India
Among the sea of MLM pump and dump shitcoins launched this year, KashhCoin seems to have mostly flown under the radar. Marketed with the usual comparisons to bitcoin, KashhCoin even went so far as to...
View ArticleUSI-Tech investor warning issued in BC, Canada
As USI-Tech struggles to convince investors of its legitimacy, now regulators are starting to take notice. On December 15th the British Columbia Securities Commission officially added USI-Tech to its...
View ArticleCarelumina Review: Cold-pressed juice, personal care &“services”
Carelumina provide no information about who owns or runs the company on their website. The only corporate management member revealed in a website featured Carelumina marketing video is Vice President...
View ArticleMartCoin Review: Lending Ponzi ICO combined with lottery ROIs
MartCoin provide no information on their website about who owns or runs the business. The MartCoin website domain (“martcoin.io”) was privately registered on October 11th, 2017. As always, if an MLM...
View ArticleMintage Mining Review: Nui goes full Ponzi with mining package opp?
Mintage Mining popped up on my radar a few weeks ago as part of Nui. According to the Mintage Mining website, the company is a collaborative crypto mining platform that brings cryptocurrency...
View ArticleOneCoin, DasCoin, FutureNet & Lyoness scam warnings from Poland
Poland’s Office of Competition and Consumer Protection, more commonly known as UOKiK, has issued scam warnings against OneCoin (OneLife), NetLeaders (DasCoin), FutureNet (FutureAdPro), Questra World...
View ArticleXtreme Pro System 2.0 Review: Ponzi cycler reboot with bitcoin
Xtreme Pro System initially launched in late 2014, as a Ponzi feeder for scams admin Johnny Ganoza was promoting at the time. By March 2015 the scheme had collapsed, with Ganoza ditching the original...
View ArticleWorld Mining Review: Daily ROI cryptocurrency mining Ponzi
The World Mining website domain (“world-mining.net”) was privately registered on October 23rd, 2017. World Mining claims to be “a British company”, which is based on the October 25th incorporation of...
View ArticleUSI-Tech securities fraud emergency cease and desist issued in Texas
The Texas Securities Board see USI-Tech as a “bitcoin promoter” offering an investment opportunity. Following an internal investigation into USI-Tech and two US promoters, the board presented gathered...
View ArticleTelexFree mattress money mule sentencing delayed to February, 2018
Cleber Rene Rizerio Rocha, better known as the TelexFree mattress money mule, was busted earlier this year trying to launder $20 million in stolen Ponzi funds. Following a guilty plea in October, Rocha...
View ArticleUSI-Tech fraud alert issued in New Brunswick, Canada
USI-Tech can’t seem to catch a break this week, following its third run in with securities regulators in as many days. Hot on the heels of a similar warning issued by the British Columbia Securities...
View ArticleUSI-Tech investor alert issued in Nova Scotia, Canada
Another day, another regulatory condemnation of USI-Tech’s Ponzi scheme. The latest warning is from the Canadian province of Novia Scotia. On December 21st Novia Scotia’s Securities Commission...
View ArticleDavorCoin Review: Daily variable ROI altcoin lending Ponzi
DavorCoin provide no information about who owns or runs the company on their website. The DavorCoin website domain (“davor.io”) was privately registered on October 18th, 2017. French and English are...
View ArticleStart Options Review: A crypto mining & trading billion dollar company?
Start Options provide no information on their website about who owns or runs the business. The Start Options website domain (“startoptions.com”) was initially registered in December, 2005. The domain...
View ArticleSEC makes it clear cryptocurrency not exempt from securities laws
If one was to sum up the MLM industry in 2017, there is no doubt it is the year cryptocurrency opportunities took off. Sadly I’ve yet to see one that’s even remotely legitimate, with the vast majority...
View ArticleMining Max $250 million Ponzi scheme shut down, arrests in Korea
Mining Max launched its cryptocurrency MLM opportunity back in June. Mining Max affiliates who invested $3200 were promised a two year ROI, purportedly generated via mining of ethereum. As is the case...
View ArticleUSI-Tech investor alert issued in Manitoba, Canada
Following an investigation by the Manatoba Securities Commission, USI-Tech has been compared to that of Ponzi and pyramid schemes. According to a December 22nd Manitoba Securities Commission investor...
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