TelexFree Trustee going after Fidelity Bank?
This isn’t shaping up to be a good week for Fidelity bank or its President John F. Merrill. Not even a day after it was announced that the bank had settled with the Massachusetts Securities Division...
View ArticleWanzeler seeks to delay TelexFree criminal investigation
During the raid on TelexFree’s Massachusetts offices, federal law enforcement seized various assets of TelexFree, including servers used by TelexFree, about 38 boxes of documents, and about two dozen...
View ArticleOneCoin Review: 100-5000 EUR Ponzi point “cryptocurrency”
There is no information on the OneCoin website indicating who owns or runs the business. The OneCoin website does have an “about” section, however no information about the company’s ownership structure...
View ArticleYoungevity Review: 500+ products, compensation red flags
Youngevity launched in 1991 and are based out of the US state of California. The company operates in the health and wellness MLM niche, and is headed up by CEO Steve Wallach. Wallach’s father, Joel D....
View ArticleSEC shuts down Zhunrize, assets frozen
It’s the way in which Zhunrize pay out commissions to their affiliates which drags this opportunity into murky pyramid and potential Ponzi scheme territory. Within the company themselves there’s no...
View ArticleAds Reward Daily Review: $150 – $1100 ad credit Ponzi scheme
Ads Reward Daily claims to have ‘more than 45 employees around the world’, however no information about company ownership or management structure is provided on their website. The Ads Reward Daily...
View ArticleiFreeX Prelaunch Review: The new TelexFree?
There is no information on the iFreeX website indicating who owns or runs the business. The iFreeX website domain (“ifreex.com”) was registered on the 10th of September 2014, however the domain...
View ArticleBitCoin Cycler Review: Todd Hirsch tries bitcoin
BitCoin Cycler is currently in prelaunch, with the company claiming to be headquartered out of Davao City in the Philippines. Heading up BitCoin Cycler is Todd Hirsch, who is identified as CEO of the...
View ArticleDubli Review: Recruitment and e-commerce
Dubli operates in the e-commerce MLM niche, with the company claiming to have a corporate headquarters office in Cyprus. An address in the US state of Florida is provided on Dubli’s website, presumably...
View ArticleFDA warns Young Living & doTerra for false product claims
The FDA recently sent letters to both Young Living and doTerra, warning them that they had observed instances of their products being promoted for conditions that cause them to be drugs under section...
View ArticlePossible BehindMLM downtime (Faith Sloan bogus DMCA)
We’ve received a bogus DMCA takedown notice from Faith Sloan. She’s obviously not happy about our reporting of her SEC Ponzi case, misrepresenting her financial situation to US regulators and her...
View ArticleSEC shuts down eAdGear (GoFunPlaces, GoFunRewards)
Last I checked in eAdGear were still involved in a bitter dispute with JubiRev’s Randy Williams. That was back in early 2013 though, and I haven’t really been keeping tabs on William’s and eAdGear’s...
View ArticleTelexFree Trustee’s privilege waiver approved
Following a request that a proposed order be drafted up and sent a court email address, an actual order on the Trustee’s motion for privilege waiver was posted yesterday. The short of it is the order...
View ArticleZeek pimps want discovery delay till dismiss motions resolved
With the first discovery responses in the ongoing clawback litigation filed against Zeek Reward’s top investors due less than a week from now, Trudy Gilmond, Jerry Napier and Darren Miller have filed a...
View ArticleVidCommX Review: $5000 video email platform?
There is no information on the VidCommX website indicating who owns or runs the business. The VidCommX website domain (“vidcommx.com”) was registered on the 4th of April 2014, and lists a “VidCommX...
View ArticleUK jails Give and Take pyramid schemers
Launched in May 2008, Give and Take saw UK-based investors invest £3000 GBP ($4873 USD) on the implied guarantee of a £21,000 GBP ($34,115 USD) ROI. Like many schemes before it, Give and Take used a...
View ArticleTeam BeachBody Review: Reconizable but lack of retail focus
BeachBody launched back in 1998 and market a series of weight-loss brands via infomercials. In 2007 Team BeachBody was launched, and has since served as the network marketing arm of the business. The...
View Article90,297 checks sent out to Zeek Rewards victims
Against the backdrop of net-winners desperately fighting to keep their stolen riches, some good news now for the victims of Zeek Rewards. As per the August order decreeing that payments would go out on...
View ArticleFaith Sloan poorhouse dichotomy continues…
As part of our continued coverage of the aftermath of the TelexFree Ponzi shutdown, today we again focus in on the claims of defendant Faith Sloan. Sloan, along with several other top investors is...
View ArticleiFreeX pyramid scheme warning issued by Massachusetts
A few days prior to our downtime, BehindMLM published a review of iFreeX. Advertised as “the next TelexFree”, iFreeX are planning on charging affiliates monthly fees and in turn paying them recruitment...
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