IntellaShares admin threatens investors with Ponzi blacklist

intellashares-logoJay Fantano hails from New York and describes himself as “a golf professional” who “teaches privately and competes locally”.

Fantano is also one of the four admins of IntellaShares, a $2.50 micro Ponzi scheme.

IntellaShares launched earlier this year, with Fantano assuring investors this was going to be a different type of opportunity:

We are competent, convicted, and committed.

We have seen enough failures in the last 90 days and we want to do something about it.

Despite such reassurances, a few weeks ago IntellaShares collapsed. Fantano and his admins were quick to announce a relaunch, but as of yet nothing has materialized.

Against a backdrop of previous Ponzi failures that purportedly spurred on the launch of IntellaShares, some of the schemes investors have gotten restless.

Now, in an effort to quell their concerns, Fantano has issued an ultimatum. [Continue reading…]


Unlimited Residual 247 Review: Unlimited20004u rebooted

unlimited-residual-247-logoThere is no information on the Unlimited Residual 247 website indicating who owns or runs the business.

The Unlimited Residual 247 website domain (“unlimitedresidual247.com”) was registered on the 22nd of February 2015, with a Wayne Francis listed as the domain owner. An address in Kingston, Jamaica is also provided.

The email address used to register the Unlimited Residual 247 website is the same used to register the website domain of Unlimited20004u.

Unlimited20004u launched last month and saw affiliates purchase $50 matrix positions. These positions were pushed through a three-tier matrix cycler, eventually resulting in a $1950 commission payout.

Unlimited20004u appears to have collapsed shortly after launch, with Davis now trying again with Unlimited Residual 247.

Read on for a full review of the Unlimited Residual 247 MLM business opportunity. [Continue reading…]


RevShareBooster Review: $25 Ponzi cycler hybrid

revsharebooster-logoThere is no information on the RevShareBooster website indicating who owns or runs the business.

The RevShareBooster website domain (“revsharebooster.com”) was registered on the 5th of March 2015, however the domain registration is set to private.

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…]


The Music Network Company Review: Music & investment

music-network-company-logoThere is no information on The Music Network Company website indicating who owns or runs the business.

The Music Network Company website domain (“musicnetworkcompany.com”) was registered on the 26th of January 2015, with “Music Network Company” listed as the owner.

An address in Mexico is also provided, however this appears to be fake or incomplete. The provided address simply reads “Distrito Federal” (Federal District) with a postcode of 52.

Pretty much all of the information available on The Music Network Company is written in Spanish, with Alexa estimating that Spain makes up 43.3% of traffic to The Music Network Company website.

This strongly suggests that whoever is running The Music Network Company is based out of Spain itself.

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…]


Options Domination Review: ROIs for “a few minutes work”?

options-domination-logoThe folks behind Options Domination are the same crew that launched DS Domination. Unfortunately though you won’t find any information about that on their website.

Despite Options Domination having recently officially launched, at the time of publication there’s currently no information about the owners and management of Options Domination up on their website.

The Options Domination website domain (“optionsdomination.com”) was registered on the 8th of May 2014, however the domain registration is set to private.

For reference, as per the company’s website, the co-founders of DS Domination are Hitesh Junega, Roger Langille and Kevin Hokoana.

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…]


Mary Kay sue RetailMeNot for encouraging retail sales

mary-kay-logoThis case is odd and I’m a bit late to the party, but I figured it deserved a writeup nonetheless.

Earlier this month, in a Texas District Court, Mary Kay filed a lawsuit against RetailMeNot.

So the lawsuit alleges,

Mary Kay does not publish or distribute Mary Kay coupons or discount offers to the general public or permit others to do so.

RMN places on retailmenot.com various digital offers and coupons concerning, referring, and relating to Mary Kay products and services, falsely representing that Mary Kay produces and distributes, or authorizes the publishing and dissemination of Mary Kay coupons, and that Mary Kay itself sells products to the consumer by way of retail sales on its website.

In essence, RMN is running a fraudulent Mary Kay couponing scheme.

Uh… what? [Continue reading…]


EmGoldex abandon Philippine affiliates

emgoldex-logoEmGoldex’s business model is pretty straight forward.

You sign up, you invest €540 and once enough subsequent investments have been made, a €3500 ROI is paid out.

Newly invested funds are used to pay off existing investors, with recruitment quotas required for a full €3500 ROI to be issued.

Dare to accurately market the EmGoldex MLM business though, and the company will turn its back on you. [Continue reading…]


Argent Global Network suspend ROI payouts (no funds)

argent-global-network-logoOver the past few months Argent Global Network have continued to string what’s left of their affiliate-base along.

Restructuring, new business models and compensation plans have all been used to appease those who initially invested in the scheme, and now wonder where their money went.

Now, in an email update sent out to affiliates yesterday, the company is announcing it can no longer meet it’s daily ROI obligations.

Why?

A “lack of adequate funding”. [Continue reading…]


Go2Up Review: GetEasy chiefs launch reload scheme

go2up-logoThe specific details surrounding the collapse of GetEasy late last year are still murky.

And against a backdrop of inaction from Portuguese regulators, sifting through what information is known is no easy task.

Portuguese police began investigating GetEasy back in October 2014. This marks the beginning of the GetEasy’s decline, with the investigation followed up by a directive from the Bank of Portugal in November.

This directive, as I understand it, crippled GetEasy’s EU banking channels. And what with most of their affiliate investors based out of Portugal, meant the bulk of the scheme’s investors were no longer getting paid.

michael-herzog-ifc-group-geteasyEnter Michael Herzog (right), who GetEasy management turned to in an effort to circumvent their regulatory issues.

Whether Herzog was involved prior to 2015 is unclear, but under his guidance the scheme announced plans to run itself as an investment bank.

Under continued pressure from investors who continued to experience non-payment, this is around the time cracks in GetEasy management began to appear.

Unable to continue using the GetEasy name, Herzog and his crackpot team devised a name-change to iGetMania. By simply changing the name of the scheme, Herzog and friends hoped they would be once-again free to conduct business in Portugal and the rest of Europe.

Cue promises of a new era in banking, announcements about bogus trusts being set up and a general lack of activity, by mid February GetEasy had well and truly collapsed.

CEO Tiago Fontoura blamed the collapse on Michael Herzog. Herzog in turned blamed Gildevan Ribiero, a GetEasy insider, claiming he had blocked access to and made off with the GetEasy investor database.

And that’s where we left off.

Tiago Fontoura and Michael Herzog disappeared into the night, and to this day GetEasy investors have remained in the dark.

My personal take on the situation is that either Fontoura and friends or Herzog and friends made off with however many millions remained in GetEasy’s bank accounts.

That’s what fuelled the management rift and further prevented the scheme from moving forward (with non-EU banking channels).

The lack of action from Portuguese regulators confirms this, as surely they’d have moved to freeze any available funds had they of pulled the trigger on the scheme.

Not to mention GetEasy’s management and insiders, every last one of them, remain free to continue to scam people in their native Portugal.

Aware of the value of the GetEasy investor database, the race to further milk those that lost funds in the scheme is now on.

In any event, fast forward to today and Michael Herzog hasn’t been seen or heard from in public since GetEasy’s collapse.

Tiago Fontoura and GetEasy insiders Pedro Godinho, Fernando Aragao and Edgar Fontoura however, are gearing up to launch a new scheme, Go2Up.

tiago-fontoura-pedro-godinho-fernando-aragao-edgar-fontoura-go2up-management

Read on for a full review of the Go2Up MLM business opportunity. [Continue reading…]


MegaCyclerClub Review: Wealth4Life launch 2nd Ponzi cycler

megacyclerclub-logoThere is no information on the MegaCyclerClub website indicating who owns or runs the business.

The MegaCyclerClub website domain (“megacycler.club”) was registered on the 28th of January 2015 and lists a “Tom Taylor” as the owner. An address in the Philippines is also provided.

tom-taylor-admin-ultimate-ad-club-wealth4life

Tom Taylor is the CEO of Wealth4Life, which is the brand he uses to recruit people into various opportunities.

Under the Wealth4Life brand, Taylor also launched UltimateAdClub earlier this year.

A recruitment-based opportunity that saw affiliates purchase matrix position for between $5 and $50, UltimateAdClub appears to have stalled shortly after launch.

The collapse of the short-lived scheme has likely prompted Taylor to release MegaCyclerClub.

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