Latvian regulator: OneCoin modeled on a pyramid scheme
Latvia’s Financial and Capital Market Commission (FCMC) is an autonomous public institution, which carries out the supervision of Latvian banks, credit unions, insurance companies and insurance...
View ArticleOneCoin confirm UniverTeam buyout, victims lament losses
Earlier today OneCoin confirmed their acquisition of the UniverTeam pyramid scheme. BehindMLM first broke news of the acquisition back on the 5th of March. As per a OneCoin press-release issued a few...
View ArticleEVO Media Group Review: JetStream dev launches reboot
EVO Media Group’s co-founders claim they ‘spent over 30 years, searching for the best product and opportunity for the entrepreneur‘. Two EVO Media Group co-founders are listed on the company website;...
View ArticleDay Cash Out Review: $11 a pop pyramid scheme
There is no information on the Day Cash Out website indicating who owns or runs the business. The Day Cash Out website domain (“daycashout.com”) was registered on the 9th of March 2016, however the...
View ArticleBrend2 Review: 1% a day BTC-based Ponzi scheme
There is no information on the Brend2 website indicating who owns or runs the business. Instead, the company only serves up the following vague description of itself: Brend2 is a networking community...
View ArticleAnovite Review: Colostrum (bovine pre-milk fluid)
There is no information on the Anovite website indicating who owns or runs the business. The Anovite website domain (“anovite.com”) was registered on the 9th of December 2014, however the domain...
View ArticleIgnatova laundering OneCoin funds through mother
Following a decision by Finnish authorities to “monitor” OneCoin’s scamming of victims, as opposed to doing their jobs, Finnish media have recently been reporting on the Ponzi scheme. Much of what we...
View ArticleWCM777 investors claim $300M in Ponzi promises
Following the opening of a WCM777 victim’s claim portal late last year, some 35,545 claims were filed for a whopping $386 million in losses. The problem? The Receiver to date has only recorded around...
View ArticleDo You Bake? Review: Food base mixes
I’m not really sure why, but the “our company” section of the Do You Bake? website has information about “Crave It”. Crave it launched in 2015 and is apparently a “sister company” of Do You Bake?....
View ArticleRodrigues claims he’s broke, then sells off luxury cars
Sann Rodrigues is currently sitting in jail because, among other things, he claims “an inability to pay” $474,503 in improperly transferred assets back to the SEC. According to the SEC, Rodrigues has...
View ArticleAir Restore USA Review: Organic air technology?
Air Restore USA launched in 2013 and are based out of Minnesota in the US. The company operates in the air purification MLM niche and is headed up by CEO, Bill Converse. As per Converse’s Air Restore...
View ArticleOneCoin suspend Mastercard approvals & withdrawals
Amid reports that OneCoin reopened their exchange after shutting it down for two weeks, now news that the company has suspended issued Mastercards. Typically used to promote OneCoin on social media and...
View ArticleWill Dawn Wright-Olivares testify against Paul Burks?
Zeek Rewards mastermind Paul Burks’ criminal trial is only a few months away. Increasingly, the legal showdown looks like it’s going to pit scammer against scammer in a battle royale. The latest...
View ArticleAdUrBiz Review: Instant Cash Payout gifting scheme reboot
There is no information on the AdUrBiz website indicating who owns or runs the business. The AdUrBiz website domain (“adurbiz.com”) was registered on July 1st 2015, however the domain registration is...
View ArticleNovae Review: $99.95 a month subscriptions
Novae was founded in 2014 and is based out of Georgia in the US. Pronounced “NÓ-VĀ”, it is the femine meaning of the latin word Novus, which means New, Newness, or New Beginnings. Coupled with the...
View ArticleIsagenix Review: Crucial information not disclosed
Isagenix launched in 2002 and operate in the nutritional supplements MLM niche. The company is based out of Arizona in the US and is headed up by founders John Anderson (Master Formulator), Jim Coover...
View ArticleOneCoin Mastercard merchant part of a drug gang
A few days ago we reported on OneCoin’s abrupt suspension of Mastercard processing and card loading. In effect, cards issued to OneCoin affiliates are currently useless “until further notice”....
View Article6 more piracy streambox sellers arrested in the UK
Just shy of eight months ago, police in the UK raided sellers of stream-capable piracy boxes. Two arrests were made and over one thousand streamboxes seized. Working with police was the Federation...
View ArticleRodrigues to be released with modified repayment plan
Following a hearing on March 17th, Sann Rodrigues looks set to be released from jail. Rodrigues has been incarcerated for contempt since January, after he repeatedly failed to adhere to the terms of a...
View ArticleNewBridge Bank to return $10 million to Zeek victims
Good news for Zeek Rewards victims, not so good news for banks who think they can get away with providing financial services to Ponzi schemes. As part of the Zeek Receiver’s ongoing efforts to hold...
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