There is no information on the 8Elos website indicating who owns or runs the business.
The 8Elos website domain (“8elos.com”) was registered on the 4th of July 2014 and names “8 Elos Finest Jewelry Limited” as the owner. An address in the British Virgin Islands (a known tax-haven) is also provided.
In 8Elos’ Terms and Conditions a different address for 8 Elos Finest Jewelry Limited is provided:
Any written communication provided on this Agreement, should be made to the following address:
8 ELOS FINEST JEWELRY LIMITED 20, Rue Adrien Lachenal 1207 Geneva – Switzerland
Research reveals that this address belongs to SFM Corporate Services, who offer offshore “company formation with bank account”.
Rates provided on SFM’s website reveal a company can be set up in Switzerland with a bank account starting at 3320 EUR.
The British Virgin Islands meanwhile is a common place of registration for MLM company owners looking to dodge regulatory agencies.
From 8Elos’ Terms and Conditions:
Any controversy or claim arising out of or relating to the Agreement, or the breach thereof, shall be settled by arbitration administered by British Virgin Islands Arbitration Center under its Arbitration Rules.
Jurisdiction and venue of any matter not subject to arbitration shall reside exclusively in British Virgin island District Court.
The law applicable to this contract is the British Virgin Island Law.
8Elos would appear to exist in both the British Virgin Islands and Switzerland in name only.
The 8Elos compensation plan suggests the company is likely owned by an individual or group of people with ties to Brazil and the US:
The 8Elos belongs to a holding company controlled for investors Brazilians and North Americans that act in the sectors of fuel, fashion, transport, vehicles and financials.
The only trace of executive structure I was able to find was this slide from an 8Elos affiliate presentation:
It names “Mark Pereira” as Chairman of the company.
Somewhat curiously, in place of information about Pereira instead a quote from Abraham Lincoln is present.
One reason for that might be because Pereira’s actual name is “Marcello Pereira”:
Pictured above with TelexFree top investor Sannderly Rodrigues, Pereira (full name “Marcello Fornelos Jose Pereira”) is based out of the US state of Florida.
In addition to fraternizing with known Ponzi underworld figures, Pereira himself appears to have had run ins with the law (example 2).
If any Portuguese readers are able to summarize what those charges are about it will be greatly appreciated, auto-translate isn’t making much sense.
Why the ownership and management details of executives are not provided on the 8Elos website is a mystery.
Read on for a full review of the 8Elos MLM business opportunity.
There is no information on the AdsEarner website indicating who owns or runs the business.
The AdsEarner website domain (“adsearner.com”) was registered on the 7th of September 2014, however the domain registration is set to private.
As always, if a 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...]
There is no information on the HubOffer website indicating who owns or runs the business.
The HubOffer website domain (“huboffer.com”) was registered on the 17th of August 2014 and lists a “Francis Natasa” from “Hubopco Limited” as the domain owner. An address in Stirling, Scotland is also provided.
Hubopco appears to have been recently registered as a company name in the UK (May 2014), with the address provided shared with 114 other companies (sounds like a virtual mailbox).
Call me cynical but UK-based company registration, weirdly spelt admin name and suspicious European address? It’s likely that Francis Natasa doesn’t exist, the company is bogus and the address in Scotland is little more than a rented mailbox, if that.
This has Indian scammers written all over it.
Read on for a full review of the HubOffer MLM business opportunity. [Continue reading...]
Power Lead System launched in late 2013 and then… well I’m not really sure what happened.
The domain the company was using (“plsfunnel.com”) is no longer in use today.
In my BehindMLM Power Lead System review, I called out the company’s compensation plan for being too heavily titled towards affiliate recruitment.
Based on a 1-up model, there was little incentive for affiliates to focus on retail sales of Power Lead System’s lead platform.
Neil Guess, the owner of Power Lead System, was initially receptive to this criticism but soon became defensive over how said criticism was worded.
When it was then pointed out that charging affiliates fees for purpose of qualifying them to earn commissions by recruiting affiliates who then pay the same fees, Guess spat the dummy:
Hopefully THIS might make things clearer for YOU…
It’s obvious from your many responses concerning MLM law, rules about affiliates, and even your opinion about floating capture forms, that you are pretty ignorant in Internet marketing and MLM law.
I gotta hand it to you though, when I asked you to show me the law that backed up what you were saying, you never did… you simply came back with a cleverly worded response to appear as if you were quoting from some MLM manuscript.
I’ve been in the trenches of this industry my friend, and until you’ve been there yourself, you and I might as well be speaking different languages.
I won’t be responding or coming back to this site after this, and choose not to read any more of the ‘Word according to Oz’…. I’ve got a business to run!
The law Guess asked to see refers to the payment of recruitment commissions in MLM. Guess appeared to be under the impression that this was legal.
You need cited law to explain to you why an affiliate-heavy company or recruitment commissions or charging affiliates to simply participate in an MLM income opportunity is going to land you in trouble?
Good grief, start by researching every MLM company shut down over the past decade. I would have thought common-sense was enough but you seem to be one of those “I’ll see how far I can push the grey” types. Next you’ll be telling me you’re legal because you haven’t been shut down…
As above, I tried to point out the obviousness of what he was asking to see (citing common-sense that recruitment-driven pyramid schemes are illegal) but to no avail.
Now, roughly a year later Guess is back with Lead Lightning. The precense of the Power Lead System logo on the Lead Lightning website would indicate that this is a reboot:
Has Neil Guess learnt anything pertaining to the legality of recruitment-driven chain schemes this past year?
Let’s find out.
Read on for a full review of the Lead Lightning MLM business opportunity. [Continue reading...]
There is no information on the Tiny10 website indicating who owns or runs the business.
The Tiny10 website domain (“tiny10.com”) was registered on the 18th of August 2014, however the domain registration is set to private.
An address in Singapore is provided on the Tiny10 website, however no street number is provided so the address is rather useless (read: fake).
As always, if a 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...]
EvryAffiliates is the MLM division of the online casino EvryBet. For the purposes of this review, I have used EvryBet to refer to both the casino and the attached EvryAffiliates MLM business opportunity.
There is no information on the EvryBet website indicating who owns or runs the business.
The EvryAffiliates website domain (“evryaffiliates.com”) was registered on the 24th of May 2014, however the domain registration is currently set to private.
Before it was made private, a “Hans Engelcrona” of NetVentures Inc. was listed as the domain owner. An address in Belize (a known tax-haven) was also provided.
Why Engelcrona was removed from the domain registration is unclear.
In August Engelcrona and NetVentures Inc. registered for a trademark application for “EvryBet”.
On the application NetVentures appears with the aforementioned Belize address, however Engelcrona is listed with an address in Bjursås, Sweden.
Given Engelcrona’s ownership of the EvryBet domain and trademark application, it is highly probably that this where the company is being run out of.
Confusingly, a third entity is added to the mix by way of a footer message on the EvryAffiliates website:
Licenses and Operators
The Evrybet.com website is operated and managed by OddsMatrix Ltd, a company bearing registration number C44411, and having its registered address at Suite 4, Num. 62/63 Morina Court, George Borg Olivier Street, St.Julians, STJ 1081, Malta.
OddsMatrix Ltd. is licensed and regulated by the Lotteries and Gaming Authority of Malta
As per their website,
OddsMatrix delivers a wide range of sportsbook solutions. Fully managed white-label, hybrid managed and DIY, hosted or API.
Putting two and two together, it would appear that EvryBet is a managed casino offering of OddsMatrix, which Hans Engelcrona has attached to the EvryAffiliates opportunity, which he runs from Sweden through his Belize-registered NetVentures Inc. company.
Why Hans Engelcrona or NetVentures Inc. do not appear anywhere on the EvryBet or EvryAffiliates websites is a mystery.
Mentioned during the fallout between Bidify and their former CEO, Engelcrona has been credited with running Bidify’s Bidsson penny auction website.
90% of auctions listed on Bidsson were being shill bid and won by a company employee in Norway.
Two men operate the Biddson website and handles the shipping out of Norway Hans Engelcrona and Robin Bakkejord. Hans lists all the auctions daily on the Bidsson website then he has his young assistant use self registered accounts to counter bid everyone on the auction site.
This means that they win 99% of the auctions that they list.
Engelcrona’s specific role within Bidify was never officially clarified.
In any event, Bidify was a Ponzi scheme modeled on the $850 Ponzi scheme Zeek Rewards.
Following the shutdown of Zeek Rewards in 2012, Bidify rewrote their Ponzi points compensation plan in an attempt to go legit.
This flopped and the company then re-invented itself a few times over the next few months (reverting back to their original Ponzi roots), before finally settling on a complete reboot as MyCenterBid in mid 2013.
Just as Bidify’s previous attempts at rebooting itself failed, so too did MyCenterBid.
Whether Hans Engelcrona is still involved with the scheme or at what point he abandoned ship remains unclear.
In any event, Engelcrona would appear to have moved on from rigging Bidsson auctions and has decided to launch an MLM company of his own.
Read on for a full review of the EvryBet / EvryAffiliates MLM business opportunity. [Continue reading...]
There is no information on the My Resultz website indicating who owns or runs the business.
The My Resultz website domain (“myresultz.com”) was registered on the 28th of August 2014, however the registration is set to private.
Further research reveals thee people credited as co-founders of My Resultz in official corporate presentations: Scott Nelson, J.J. Meier and Tripp Mehew.
Scott Nelson credits himself with “40 years” experience in the MLM industry.
On his LinkedIn profile, Nelson credits himself as a Solvaei affiliate (cell service MLM company launched in 2012, went bankrupt in 2014). He also lists himself as an International Silver Network (ISN) affiliate as of early 2013.
With the launch of My Resultz, whether or not Nelson will maintain his affiliate memberships with these companies is unclear.
On her LinkedIn profile, Meier credits herself as the President of FemOne from between 2001 and 2004.
FemOne (launched 2002, now defunct) marketed a range of nutritional and personal care products specifically targeting women.
Between 2005 and 2008 Meier was the Executive Vice-President of Business Development for ITV Ventures.
ITV Ventures was owned by Donald Barrett and marketed health and nutrition products tied to Barrett’s infomercial business.
In 2008 the FTC fined Barrett $55 million for false advertising. ITV Ventures was shut down as a result.
Following ITV Direct, Meier has engaged in several non-MLM specific spokesperson and marketing roles.
Tripp Mehew was also involved in ITV Ventures (I later learned that Scott Nelson is ex-ITV too). After ITV was shut down, Mehew went on to brand himself as a self-styled “online marketing coach” under the brand Ten99. Mehew also joined Solavei with Nelson in 2012.
Below you can see the logo for Ten99, which has been repurposed and colored orange for My Resultz:
J.J. Meier and Tripp Mehew have also previously appeared together in an infomercial hocking Mehew’s book, “The Science of Getting Rich @ Home”:
Why no information about Nelson, Meier or Tripp exists on the My Resultz website is a mystery.
Read on for a full review of the My Resultz MLM business opportunity. [Continue reading...]
There is no information on the GLobaliz Biz website indicating who owns or runs the business.
Globaliz Biz does have an “About Us’ section on their website, but only the following vague marketing copy is provided:
Globaliz Biz™ is one of the Top Web Hosting Companies in India. We are always committed to providing professional quality and best web hosting services with superior support and affordable pricing to businesses and individuals seeking web hosting packages.
Globaliz Biz marketing on social media suggests that the company is owned by Sujan Valand.
In his LinkedIn profile, Valand lists his location as Wapi (Vapi?) in India.
Prior to the launch of Globaliz Biz earlier this month, Valand was an investor in Banners Broker and Profitable Sunrise:
Both Ponzi schemes, Profitable Sunrise was shut down by the SEC in April 2013. Banners Broker was more of an organic collapse, with the scheme continuing to re-invent itself over the past few years as new investor funds dried up.
Earlier this month details of a Canadian regulatory investigation into the scheme and owner Christopher George “Chris” Smith were revealed.
Read on for a full review of the Globaliz Biz MLM business opportunity. [Continue reading...]
There is no information on the Aspire website indicating who owns or runs the business.
The company does have an “About Us’ section on their website, but clicking through reveals multiple vague marketing spiels linking to a “corporate brochure”.
This brochure contains no information about Aspire Worldwide’s management and ownership. The document does little more than advertise the purported benefits of Aspire Worldwide affiliate membership.
The company’s “Contact Us” page lists an address in Oxon in the United Kingdom, which is presumably where Aspire Worldwide is being run out of.
Earlier this month it was revealed that the Australian Competition and Consumer Commission (ACCC) are investigating Aspire Worldwide. A report covering the investigation names Andy Hansen as one of the co-founders of the company.
Why this information, along with Hansen’s fellow co-founders, is not presented on the Aspire Worldwide website is a mystery.
Prior to founding Aspire Worldwide in 2013, Hansen was heavily involved with Lyoness.
The ACCC are currently suing Lyoness after alleging it to be a pyramid scheme. In their Statement of Claim the ACCC write
From about September 2011 until about April 2012 the Lyoness Loyalty Program was promoted to people in Australia by Andy Hansen, Wendy Hansen, Phil Watts and Sally Watts operating under the collective name “Global Go Getters”.
Andy Hansen was evidently instrumental in the establishing of Lyoness in Australia.
One BehindMLM reader who wrote in describes Hansen (right) as being “responsible for the pre-launch of Lyoness in Australia”. One Lyoness affiliate contacted by News.com.au
said she paid $3000 to be part of that scheme back in 2011 after watching Mr Hansen’s training videos. She said watching an Aspire webinar was like déjà vu.
“It’s disgusting, it’s absolutely disgusting,” she said. “I had to turn it off. I couldn’t watch. It’s the same story all over again, it makes me sick.
I listened to his Lyoness webinars promising the earth, three times a week — Tuesday, Thursday, Saturday — for months and months. We thought it was legitimate.”
Property developer Kevin Taylor, 64, told news.com.au he lost $6000 all up in the Lyoness program — $3000 paid to Mr Hansen, and a further $3000 to join the Australian Lyoness operation.
“He’s like a cobra — he puts his head up, bites someone, and once he’s bitten them he looks for the next one to bite,” Mr Taylor said.
Whether Hansen was involved in the MLM industry prior to joining Lyoness is unclear. He seems to have quit Lyoness shortly prior to the founding of Aspire Worldwide.
Read on for a full review of the Aspire Worldwide MLM business opportunity. [Continue reading...]
The Viral Franchise launched in 2013 and credits Frederick Spears as the company owner.
Spears runs The Viral Franchise as part of his other company, “I Wanna Be Rich”. The domain registration for I Wanna Be Rich lists Spears as the owner. An address in Ontario Canada is also provided.
I wasn’t able to peg any other opportunities to Spears or I Wanna Be Rich, so The Viral Franchise appears to be the first opportunity Spears has launched under the brand.
Read on for a full review of The Viral Franchise MLM business opportunity. [Continue reading...]