Crypto 888 Club Review: OctaCoin cryptocurrency Ponzi
There is no information on the Crypto 888 Club website indicating who owns or runs the business. The Crypto 888 Club website domain (“crypto888.club”) was registered on the 22nd of March 2015, with an...
View ArticleuFun Club accountant caught fleeing, arrested
Following a warrant issued for the arrest of retired General Athiwat Soonpan and his wife, news today that another uFun Club executive has been arrested. The latest executive of UFun Store arrested...
View ArticleCascadia Finance mull Argent Global Network lawsuit
Yesterday saw Argent Global Network issue a rather strange communication to their affiliates. In it, the company claimed they had been requested information from their payment processor since November...
View ArticleThe VIP Team Review: VanNeste’s Exitus Network feeder
There is no information on The VIP Team website indicating who owns or runs the business. The company website does have an “about us” page, but only the following marketing spiel is provided: We are a...
View ArticleuFun Club Ponzi losses top half a billion dollars
Whereas uFun Club was initially thought to have been a $307 million dollar Ponzi scheme, new estimates have raised that figure to a staggering $618 million. And that figure is expected to rise as...
View ArticleThe TelexFree Ponzi bust: One year on…
Following the suspension of e-wallet services by iPayout and a pyramid scheme case filed by the SEC, April 17th 2014 marks the date the TelexFree Ponzi scheme was shut down. A billion dollars in losses...
View ArticleSpeak Asian Online: SpeakAsia scammers attempt reboot
If I could pinpoint the moment Indian regulators failed SpeakAsia’s victims, it would a Judge unfreezing the scheme’s bank accounts for a few weeks mid-2011. CID investigators immediately filed an...
View ArticleSpinQast Review: First truly legal MLM streaming opp?
There is no information on the SpinQast website indicating who owns or runs the business. The SpinQast website domain (“spinqast.com”) was registered on the 7th of March 2015, with Paul Nash cited as...
View ArticleOver 80 uFun investors file claims for at least $679,000
Whereas most uFun Club investors are still living in denial or worried that the company will terminate their accounts if they speak up, nearly 50 investors in Thailand have now filed complaints with...
View ArticleuFun Club investigation to be handled by Thai police
Much nonsense has come out of the uFun Club camp these past few days, with claims on social media alluding to the dropping of the investigation currently taking place. The claims, largely made on...
View ArticleuFun Club ringleader wanted for pyramid scheme fraud
These days it’s getting more and more difficult to relaunch scams once your name is out there. What with the speed with which news travels these days and just the sheer volume of information available...
View ArticleDigAdz Ponzi scheme collapses, admin paralysis blamed
Typically when a Ponzi scheme goes bust we see the collapse blamed on hacking, DDOS, a relative of the admin’s death etc. Of late blaming the affiliate investors themselves has also emerged as a...
View ArticleTabarsi confirms SVM Global Initiative Ponzi concerns
Upon reading a review of your business model that clearly and precisely identified it as a Ponzi scheme, what would you do? If you were intending to scam people from the get go, probably nothing. If...
View ArticleThai police estimate uFun Club Ponzi losses at $1.17 billion
More bad news for the uFun Club faithful, with Thai police at a press-conference today estimating that a staggering $1.17 billion USD has been lost in the scheme. Some of that money will have been...
View ArticleYour Job Space Review: Ad Minings Ponzi scheme reboot
The Your Job Space website domain (“yourjobspace.com”) was registered on the 12th of December 2013, with a “Steve Martin” listed as the owner of the domain. An address in the US state of Delaware is...
View ArticleSuccess Cycler Review: $25 subscription-based matrix Ponzi
22There is no information on the Success Cycler website indicating who owns or runs the business. The Success Cycler website domain (“successcycler.com”) was registered on the 27th of March 2015,...
View ArticleBnB Trades Review: Finance-themed Ponzi investment
There is no information on the BnB Trades website indicating who owns or runs the business. An address in the US state of Michigan features on the website. Further research reveals this address to...
View ArticleuFun press-conference cancelled. Malayasian regulators?
After touting free airfares and publicly inviting members of the Thai media to attend a uFun Club press-conference today, “abruptly” the event has now been cancelled. The event, to be held in Kuala...
View ArticleuFun Club abandon investors, Bina Puri file complaint
Prior to the regulatory shutdown of uFun Club, you’d be hard-pressed to find promotions for the scheme that didn’t mention supposed investment and partnership with Bina Puri. One of the largest...
View ArticleWCM777 Receiver’s Fourth Interim Report
Recovering efforts by the WCM777 Receiver continue, with a fourth interim report filed on April 20th. In it there’s not so much new information, but rather developments on existing efforts to recover...
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