251 Coins Review: 3×5 matrix cryptocurrency gifting scheme

251 Coins provides no information on its website about who owns or runs the business.

The 251 Coins website domain (“251coins.com”) was privately registered on May 16th, 2018.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Eyeline Trading Review: 0.66% daily ROI bitcoin investment fraud

Eyeline Trading claims Jean Paul Ramirez is the founder of Eyeline Business & Development.

Apparently Ramirez ‘has been a leader in the financial industry for many years’.

Eyeline Trading provide a bunch of financial positions Ramirez has purportedly held, culminating in his getting started ‘in the Crypto industry in late 2015‘.

Eyeline Trading claims Ramirez

now has a cutting edge mining facility, research center, wallet, exchange, peer to peer exchange, debit cards, trading platform, and a coin working on alternative power.

None of this is publicly verifiable, leaving a question mark on whether Ramirez even exists.

In a marketing video presented on the Eyeline Trading website, the company claims to be “based in Colombia” with a “marketing arm based in the USA”.

As at the time of publication, Eyeline Trading also claims to have offices in

  • Ogden, Utah
  • Salt Lake City, Utah
  • Orange County, California
  • Las Vegas, Nevada
  • Medellin, Colombia
  • San Salvador El Salvador
  • Mexico City,  Mexico and “many more to come”

No evidence of any of Eyeline Trading’s claims with respect to its business operations are provided.

The Eyeline Trading website domain (“eyelinetrading.io”) was privately registered on June 8th, 2018.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

JDE Jewels: Custom-made knockoff jewelry with pyramid recruitment

JDE Jewels claim they ‘started customizing fine jewelry pieces in 1998‘.

The JDE Jewels website domain meanwhile was only registered in 2016.

Other than incorporation in the Philippines in 2014, to what extent JDE Jewels existed prior to 2016 is unclear.

Whatever operations might have existed though don’t seem to resemble JDE Jewels’ current MLM business model.

Daisy Seterra Estrada (right) is named as founder of the company on the JDE Jewels website. A corporate address in Quezon City, Philippines is also provided.

As per Estrada’s corporate bio, she’s

a graduate from DLSU with a Biology major and from the Ateneo Graduate School of Business with a Master’s Degree in Business Administration.

To what extent Estrada is involved in the day-to-day running of JDE Jewels is unclear. Posts on Estrada’s Facebook profile suggest she is currently chasing a career in television acting.


Update 25th June 2018 – Following publication of this review, Daisy Estrada has provided us with additional information about JDE Jewels’ history and operation.

Update 25th June 2018 – Within a few hours of this review going live, Daisy Estrada reached out to us with some additional info and clarifications.

JDE Jewelry started out as a small jewelry manufacturer way back in 1998 wherein all our sales were made within Quezon City.

We were just categorized as a sole proprietor and catered to just friends and family and their referrals.

I was just coming out of college and was focusing on getting work experience to enroll for an MBA degree, so we (my husband and I), put JDE at the back burner until we have the necessary experience to grow and develop the business.

After our corporate stint, having built our business experience and skills we decided to take JDE Jewelry to the next level and incorporated it in 2014.

Seeing the necessity of having an internet presence, we registered the domain in 2016.

This was after we had upgraded our workforce and equipment and applied for membership to the Guild of Philippine Jewelers.

I am involved in television and film as a freelance actor which also serves as an additional platform to promote our jewelry business.

I am however, involved in the day to day operations, managing our employees and dealing with customers.

Read on for a full review of the JDE Jewels MLM opportunity. [Continue reading…]

Velimon Review: $5 six-tier 4×1 matrix Ponzi cycler

Velimon provides no information on its website about who owns or runs the business.

The Velimon website domain (“velimon.racing”) was privately registered on March 25th, 2018.

A marketing video on the Velimon website features a man with a distinct African accent, suggesting whoever is behind Velimon likely also has ties to Africa.

At the time of publication, Alexa estimates that the US is the largest source of traffic to the Velimon website (30%).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

BitConnect FBI investigation update, Director’s wife missing

BehindMLM first reported on an FBI investigation into BitConnect back in March, following confirmation from top-investor Trevon James.

Following the disappearance of BitConnect Director John Bigatton’s wife, authorities have confirmed the FBI investigation is ongoing. [Continue reading…]

Taurise Review: Crypto mining rig smokescreen Ponzi

The first thing visitors to the Taurise website are presented with is a poorly dubbed marketing video featuring “Robert Mackay” and “Rachel Davis”.

As the example below shows, these are obviously actors with the set rented office space in who knows where.

The Taurise website domain was privately registered on February 26th, 2018.

Taurise do provide an incorporation certificate for “Taurise Limited”.

Taurise Limited was incorporated in the UK on February 27th, 2018.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

For some reason Taurise also provide a patent certificate for some sort of cryptocurrency hardware miner.

The certificate appears to be bogus, with the actual 8,759,864 patent awarded in 2014 for an organic light-emitting element.

At the time of publication Alexa estimate Russia is the largest source of traffic to the Taurise website (14%).

Turkey is another possibility, with the Turkish word for “standard” appearing on the Taurise website in place of its English equivalent (“standart”).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Community Collect Review: Crowdfunding International gifting reboot

Community Collect provides no information on their website about who owns or runs the business.

The Community Collect website domain (“community-collect.com”) was initially registered in December 2017.

The registration details were recently updated on May 8th, which is likely when the current owners took possession of the domain.

This is supported by Alexa reporting a traffic increase to the Community Collect website starting earlier this month.

In the footer of the Community Collect website is the following copyright text;

© 2015 – 2018 CFI Euro S.L.

CFI Euro S.L. is incorporated in Barcelona, Spain.

It is the same shell company used to operate the Crowdfunding International gifting scheme.

Further supporting this is a “sublicense” document hosted on the Community Collect domain, which references the commonly used “CFI” abbreviation;

Crowdfunding International was a gifting scheme launched in late 2015.

As per our original Crowdfunding International review from 2016, it appears Crowdfunding International is being run by a group of scammers operating out of the Netherlands.

First time visitors to the Community Collect website are shown a message that suggests Crowdfunding International was having banking issues;

Welcome to the all new Community Collect!

Dear Project Manager,

As you know we’re always working on improving and restricting our platform.

During the last year our advisors, lawyers, legislators, Project Managers and the courts advised us and we kept on communicating on what maybe could be bettered or should be more customer friendly.

All these aspects resulted in a new concept: Community Collect.

Community Collect will make it easier for the company to find partners, like Payment Service Providers, because over the last years the name crowdfunding got a bad image.

While banking issues for a scam aren’t unheard of, Alexa traffic statistics for the Crowdfunding International website show a steady decline in traffic from July 2017.

It is far more likely that Crowdfunding International’s pending collapse is the reason it was rebooted.

Read on for a full review of the Community Collect MLM opportunity. [Continue reading…]

Unifii Review: $279.95 cryptocurrency Telegram signals

Unifii provide no information on their website about who owns or runs the business.

The Unifii website domain (“unifii.io”) was privately registered on May 5th, 2018.

Further research reveals Unifii affiliates naming Ron Montaruli as CEO of the company.

Circa 2012 Montaruli (right) was Director of International Sales are FreeLife International.

More recently, Montaruli served as Chief Operating Officer for 3T Networks.

3T Networks emerged earlier this year. The company’s business model was a combination of securities fraud and pyramid recruitment.

Alexa traffic estimates for the 3T Networks website show a steady decline since April.

This suggests 3T Networks has or is on the way to collapsing.

Read on for a full review of the Unifii MLM opportunity. [Continue reading…]

Mintage Mining marketing claims are a mess

For the past few months Mintage Mining and their affiliates have heavily marketing their passive mining ROI opportunity as being SEC compliant.

Then there was the whole Jones Day SEC lawyers nonsense, despite the SEC using in-house counsel in its regulatory lawsuits.

As good a sign as any the SEC is asleep at the wheel when it comes to MLM cryptocurrency fraud, to date the regulator hasn’t addressed Mintage Mining’s claims.

The two of which we referenced above are just the tip of the iceberg…

In a conscious effort to distance themselves from similar MLM cryptocurrency investment opportunities served cease and desists over the past six months, Mintage Mining’s affiliates are making all sorts of marketing claims.

Today we take a look at how one prominent affiliate investor has recently been pitching the company. [Continue reading…]

WorldVentures sue Ariix & MaVie over unfair competition

It seems WorldVentures has finally exhausted the “access to travel discounts” pyramid model – with the company looking to expand into nutrition.

According to a recently filed lawsuit, mid last year WorldVentures executed a mutual confidentiality agreement with Abboud Barakat and his distribution company, Advanced Wellness Solutions.

WorldVentures claims this agreement saw Barakat receive ‘confidential and proprietary information and trade secrets‘.

As defined in the agreement, this included WorldVentures’ customers, suppliers, third parties, products, services, supplier information, and
business, marketing, development and sales and other commercial strategies.

The agreement stipulated Barakat and Advanced Wellness Solutions would not use the received information and secrets.

Ultimately the deal fell through. And in a lawsuit filed on June 4th, WorldVentures allege Barakat used its confidential information to benefit Ariix and the launch of MaVie. [Continue reading…]