PayAdShares Review: $2 – $35 four-tier matrix Ponzi
There is no information on the PayAdShares website indicating who owns or runs the business. The PayAdShares website domain (“payadshares.com”) was registered on the 27th of September 2014, however the...
View ArticleBTG180 vs. Craddock dismissal denied
Back in February, BTG180 filed a lawsuit against Robert Craddock and Fun Club USA. The case was brought about after Craddock failed to deliver on contractual promises made between the two parties, and...
View ArticleZeek Ponzi pimp clawback motions to dismiss denied
In an effort to get out of paying back the millions they collectively stole from Zeek Rewards victims, the scheme’s top profiteers filed a series of motions to dismiss mid 2014. They then attempted to...
View ArticleRE247365: $300,000 frozen and $580,000 in fraud?
Joining an MLM opportunity started by someone who was an affiliate in a travel-based pyramid scheme, then launched an MLM company who without notice took their affiliate’s customers and shutdown their...
View ArticleAsea Review: $33 a liter salt water?
After a few years of developing its product line, Asea launched in 2009. The company is based out of the US state of Utah, and is headed up by co-founders Verdis Norton, Tyler Norton (son) and James...
View ArticleLiberty Reserve Tech Chief jailed for 5 years
In its heyday, Liberty Reserve was the darling of countless scams that populated the MLM underbelly. And that was only a fraction of the fraud they got up. The argument that the payment processor was...
View ArticleAdsWorker Review: $100 – $10,000 advertising investments
There is no information on the AdsWorker website indicating who owns or runs the business. The AdsWorker website domain (“adsworker.com”) was registered on the 6th of September 2014, however the domain...
View ArticleXu used WCM777 Ponzi funds to buy mum a house
Last we checked in, the WCM777 Receiver’s Third Interim Report detailed that in February of 2014, $1 million in stolen Ponzi funds was transferred to Phil Ming Xu’s sister. This was done under the...
View ArticleLyconet Review: Unit commissions that don’t add up
I first took a peek at Lyconet earlier this year back in February. Launched in response to ongoing criticism of Lyoness’ accounting unit investment scheme, the purpose behind Lyconet was to completely...
View ArticleZeek merchant delay efforts squashed
The two remaining high-profile disputes between merchants and the Zeek Receiver are NxPay and Preferred Merchants. NxPay served as Zeek’s merchant payment processor and, after returning some of the...
View ArticleMerrill drops $4 million dollar defense bid, evidence withheld
A few days ago news broke that James Merrill and Carlos Wanzeler had been granted access to $400,000 in funds. Access was approved after the pair proved the funds were not related to TelexFree. Left...
View ArticleDisner appeal denied, $2M dollar default judgement stands
In analyzing court filings by Ponzi investors, a common thread of assuming the judiciary and regulators involved in the case are complete morons can be observed. Whether this stems from the...
View ArticlePCI collected $9.7 million from Zeek, claim to be victims
The ongoing battle between the Zeek Rewards Receivership and Plastic Cash International (PCI) has seen the Receivership demand the company return an outstanding $8.9 million in fees collected from Rex...
View ArticleMillionaire Earner: “Herbalife not based on customer purchases”
In what looks like a hotel conference room, Stephan Gratziani delivers a training presentation to a crowd of a hundred or so Herbalife affiliates. The Herbalife business model at this point in time is...
View ArticleAvon fined $135 million for bribing Chinese officials
Shedding light on what the MLM industry gets up to in China, comes news today that Avon has plead guilty to conspiring to violate the Foreign Corrupt Practices Act (FCPA) and the Securities Exchange...
View ArticleTelexFree Criminal Case Interim Status Report (Dec 2014)
As per the local rules of the District Court of Massachusetts, the James Merrill’s attorney and the US Attorney’s Office (DOJ) have filed an interim status report. The report, filed ahead of today’s...
View ArticleSorrells appeal denied, $1.19M dollar default judgement stands
“It’s like watching the blind lead the blind…” Having likely colluded with fellow defendant Todd Disner, David Sorrells sought to escape the default judgement rendered against him back in July. Like...
View ArticleReceiver files default judgements against Canadian net-winners
Clawback litigation was filed against Zeek Reward’s top net-winners in Canada back in early November. With the twenty-one day deadline to file a response well and truly past, the Receiver has now filed...
View ArticleAchieve Community sign Global Cash Card, co-founder bails
After Payoneer terminated Achieve Community’s payment processor services in early November, the opportunity has been in limbo for over a month. Deposits into Achieve were re-instated two weeks ago via...
View ArticleFDA demand Herbalife pull misleading marketing video
On the back of a Herbalife millionaire claiming that retail sales to customers don’t matter, now comes a letter from the FDA concerning what they describe as a misleading marketing video. In a letter...
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