Achieve Community Review: $50 straight-line cycler
The Achieve Community launched earlier in July 2014 and are based out of the US state of Michigan. Listed as co-founders of Achieve Community on their website are Troy Barnes and Kristi Johnson...
View ArticleWorldwide Solutionz face regulatory heat, suspend payouts
One of the aspects of running a Ponzi scheme is that if it catches on, you’re bound to eventually run into finance regulations. While the trend of late has been to get into bed with increasingly shifty...
View ArticleTelexFree discovery update in Wanzeler & Merrill case
As required by Local Rule 116.5, yesterday the US government provided an update on the discovery process in the case against James Merrill and Carlos Wanzeler. Founders of the billion dollar Ponzi...
View ArticlePreferred Merchants wired $4.8M 19 mins after SEC call
I haven’t really been covering the battle between Preferred Merchants, COO Jaymes Meyer and the Zeek Rewards Receivership that has been quietly playing out for some time. The only mention I’ve thus far...
View ArticleNevada issues Wings Network securities warning
It was only a few months ago that Wings Network “suspended” its US operations. Of course that was all pseudo-compliance baloney, with the company’s affiliates continuing to recruit US-based investors....
View ArticleNimara AdShare Review: $10 – $300 Ponzi “plan” investments
Nimara AdShare claims to be ‘an investment company based in Marshall Island’, Research reveals the cost of registering a company in the Marshall Islands is about $250 USD, with minimal information...
View ArticleTrue Vision Global Review: Charity, church & matrix positions
Gathering information on True Vision Global is a bit of a challenge. As best I’ve been able to make out, the company was set to launch earlier this year but this has been delayed. The...
View ArticleArgent Global Network suspend support & withdrawals (again)
Earlier this month we reported on Argent Global Network confirming that regulatory issues were behind the company’s ongoing payment delays. These issues naturally killed promotion momentum and the new...
View ArticleFBI: Genesis Acquisitions International part of a $50M Ponzi
A few weeks ago I wrote an article exposing Genesis Acquisitions International. Shrouded in secrecy, much of what we learned of the scheme was through secret emails written by Ken Russo. Russo, a...
View ArticleHerbalife to pay $15M settlement in Bostick class-action case
The Bostick class-action suit filed against Herbalife isn’t quite over yet, but a settlement agreement was filed a settlement yesterday that stipulated it would pay $15 million dollars to settle the...
View ArticleZeek Rewards Receivership suing Canadian net-winners
Although it was filed back in August, we only found out about the Zeek Receivership’s lawsuit against Canadian net-winners through a Receivership update published yesterday. A complaint was first filed...
View ArticleZeek Receiver’s Status Report for Q3, 2014
Pertaining to the SEC’s case against Zeek Rewards, the court-appointed Receivership recently filed its Status Report for the third quarter of 2014. Below is a summary of the more important points...
View ArticleBid With Integrity served cease and desist, fined $50,000
Bid With Integrity launched in late 2012 and sought to capture what remained of the MLM penny auction niche at the time. Announced shortly after the bust of the $850M Ponzi scheme Zeek Rewards, Bid...
View ArticleCrowd Funding United Revolution Review: $15 TAN feeder
There is no information on the Crowd Funding United Revolution website indicating who owns or runs the business. The Crowd Funding United Revolution website domain (“crowdfundingunited.org”) was...
View ArticleInovatyon Review: Bank of Brazil backs pyramid scheme?
There is no information on the Inovatyon website indicating who owns or runs the business. The Inovatyon website domain (“inovatyon.com”) was registered on the 8th of September 2014, however the domain...
View ArticleTeng: Better Living Global Marketing has “cash flow problems”
Like all Ponzi schemes, the going is good until the money runs out. Better Living Global Marketing launched in the shadow of the $850M Ponzi scheme, Zeek Rewards. From his hidey-hole in Hong Kong, Luke...
View ArticleStraight Line Shares Review: Cycler queues &“forex shares”
There is no information on the Straight Line Shares website indicating who owns or runs the business. The Straight Line Shares domain (“straightlineshares.com”) was registered on the 23rd of August...
View ArticleWinNet Club Review: Portuguese 1:1 TelexFree clone
Although a bio appears for the WinNet Club founder on the website, his name is mysteriously absent. A WinNet Club presentation however identifies the founder as “Wendell G. Santana”: The company claims...
View ArticleEnviralizer Review: $20 pass-ups, no retail
There is no information on the Enviralizer website indicating who owns or runs the business. The Enviralizer website domain (“enviralizer.com”) was registered on the 5th of January 2014 and lists...
View ArticleTelexFree Trustee hunting down insider funds?
Prior to TelexFree filing their bankruptcy petition, James Merrill, Carlos Wanzeler and other TelexFree insiders collectively sought to make off with almost $40 million in stolen investor funds. When...
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