Blessing Gold Club claim to have launched in June 2013. A PO Box contact address in the US state of Pennsylvania is also provided, however this is little more than a forwarding address for mail.
Blessing Gold Club provide a list of trustees and “admins” on their website, however no formal corporate executive structure is defined. Admin names are supplied with Facebook profiles and Gmail email addresses, indicating that this is an informal group of top affiliates rather than executive management.
The Blessing Gold Club website domain was registered on the 17th of June 2013 and lists a Joseph Whitnell as the owner. An address in the US state of Michigan is also provided.
Joseph Whitnell’s name does not appear on the admin or trustee pages of the Blessing Gold Club website, so his exact role and/or relationship with the company is not clear. His name on the domain registration however does suggest that he owns the company.
On Whitnell’s Facebook page, he lists the website “EzDailyProfits” in his contact information.
A visit to the supplied website reveals an affiliate link for MyAdvertisingPays (an advertising credit based Ponzi scheme). Whitnell would appear to be an affiliate of MyAdvertisingPays.
Read on for a full review of the Blessing Gold Club MLM business opportunity. [Continue reading...]
Details on Jonathan Budd’s recently beta-launched MyStand at this stage are sketchy. A YouTube video titled “MyStand is live! Join the Beta & Change the World” was uploaded on March 19th, during which Budd proclaims MyStand to have been three and a half years in the making.
Whilst that begs the question of whether or not Budd was always a part of the project or only recently attached his name to it (given his involvement with Rippln over the past year), there does seem to be some merit to the claimed MyStand development period.
On his LinkedIn profile, MyStand co-founder Shore Slocum cites his participation in Mystand dating back to September 2011:
September 2011 – Present (2 years 7 months) Greater San Diego Area
We are a leading edge Mobile Gaming platform. A leading example in the industry of Games that change the world as you play them.
MyStand is a game that as you play it you actually save the REAL Planet in REAL Time! Stay tuned it is almost here.
It’s not quite three and a half years but does indicate that MyStand wasn’t just conceived in the aftermath of Rippln going bust. Website records indicate a WordPress install going live on the MyStand domain in November 2013.
Anyway, given that Rippln only officially folded in January, MyStand is an app, there’s talk of “ripples” already and Budd was a co-founder (investor?) in Rippln, I thought I’d put together what’s currently available on MyStand. [Continue reading...]
Q International launched in 2011 and are based in the US state of North Carolina.
Heading up the company are founders Evan Runde (CEO), Ken Walker (President and CFO) and John Walker (COO).
In his Q International executive bio, Runde (right) is credited with an accounting, finance and economics background along with 20 years of network marketing experience.
As a multi-million dollar earner, he’s built large organizations in the U.S. and overseas. Evan has also provided consulting services to existing and start-up Network Marketing companies.
His success in the industry has been well documented in publications including Upline, Cutting Edge Opportunities, and Network Marketing Lifestyles.
Richard Poe in his landmark book on the industry, Wave 4 – Network Marketing in the 21st Century, devoted two chapters to Evan.
Runde’s MLM career appears to have begun around the mid 1990s, after a (non-MLM) franchise operation went sour. According to an online bio I found, Runde’s first attempt at MLM wasn’t all that successful. He then went on to join Life Plus, who are still in business today.
After Life Plus there’s a bit of a gap, with a blog created in 2009 linking Runde to “Rain Nutrition”, who were bought out by Rain International in 2011 (seed-based nutritional supplements).
Ken Walker is credited with being ‘a leader and top performer in the Network Marketing industry for 10 years’, however I was unable to find anything specific there either. Ditto John ‘has years of experience in the network marketing industry’ Walker.
For the record I’m not doubting or attempting to undermine the experience quoted in the Walkers’ Q International bios, just that anything they’ve accomplished outside of MLM generalities appears to have been very low-key.
Read on for a full review of the Q International MLM business opportunity. [Continue reading...]
Bitcoin Zones launched in February 2013 and claims to be
supported by Bitcoin core developers and managed by bitcoin community members around the world, with the input of bitcoin communities.
Other than mentioning Bitcoin Zones was ‘founded to help people make and save Bitcoin in a sustainable way‘ on their “about us” website page, the company fails to disclose who owns or runs the opportunity.
The Bitcoin Zones website domain was registered on the 7th of February 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...]
Following a month-long investigation into TelexFree, Rwanda recently decided to ban the scheme. Upon announcing the decision, the Rwandan Ministry of Trade claimed TelexFree’s activities were “similar to that of a pyramid scheme” and raised concerns it was facilitating money laundering.
Now, in a followup report released by the Ministry, the Rwandan government is accusing TelexFree of tax evasion, exploitation and money laundering.
The TelexFree Ponzi plague arrived on Rwandan shores in mid 2013, with the company registering itself nationally as “PLI TelexFree (Rwanda) Ltd”. Then, over the next nine months, the company set about fleecing Rwandan affiliates and transferring their money offshore. [Continue reading...]
Currently in “Buzz Launch”, Kannaway are slated to go into pre-launch at the end of this month. Given that that’s now under two weeks away, the company has released it’s launch compensation plan into the wild.
Typically I’d include a brief history to preface an MLM company review but as Kannaway launched a separate compensation plan for their Buzz Launch, I included the company history with that review. See the BehindMLM Kannaway Prelaunch Review for a company history and brief introduction to Kannaway’s product line.
Otherwise, read on for a full review of the Kannaway launch compensation plan. [Continue reading...]
What happens when you pull the compensation plan rug out from thousands of affiliate investors and then refuse to communicate anything officially to them?
A mob of angry TelexFree affiliates stormed the company’s Massachusetts office, prompting neighboring companies in the building to lodge complaints.
TelexFree’s reception staff, complaining themselves about being “unable to walk” amongst the affiliate crowd, went and pulled Steve Labriola, TelexFree’s International Marketing Director, from his daily business to address the gathering. [Continue reading...]
Some time earlier, the Swedish Gaming Board opened an investigation up into Lyoness. While the Gaming Board carried out their investigation, a separate investigation was opened up in Norway and Poland’s OCCP declared Lyoness to be a pyramid scheme.
Now the Swedish Gaming Board have concluded their investigation into Lyoness… and in doing so have handed over their findings to the Stockholm County Police Department. [Continue reading...]
Back in January Alessandra Marques, of the Acre Public Prosecutor’s Office, revealed in a radio interview that TelexFree was under US investigation. In a subsequent telephone conversation with Brazilian media, Marques went on to name the IRS as being involved.
At the time there was some confusion as to whether or not Marques was referring to the US IRS or the Brazilian equivalent. While it’s been confirmed that the SEC are investigating TelexFree under suspicion it’s a Ponzi scheme, whether or not the US IRS are investigating has yet to be confirmed.
What has been confirmed however is that, in addition to the SEC, the Brazilian IRS have been investigating TelexFree. That investigation recently concluded and has resulted in TelexFree being fined a whopping R$70 million ($29 million USD).
But wait for it… according to TelexFree the IRS fine is a good thing. [Continue reading...]
Earlier this month it was revealed that Rwanda had launched an official investigation into the business operations of TelexFree. The investigation formally began on February the 19th and was a joint effort between the National Bank of Rwanda and The Ministry of Trade.
Now, a month later the result of the Rwandan investigation has been made public:
TelexFree Rwanda Ltd activities are similar to that of a pyramid scheme, which can easily be a channel to jeopardize the financial sector and facilitate money laundering.
The result of the investigation has been made public by the Ugandan Ambassador to Rwanda, Richard Kabonero. Kabonero tweeted the conclusion of the Rwandan investigation and attached an official notice from the Rwandan Ministry of Trade and Industry.
Kabonero also called on his own government in Uganda to follow suit to “protect the public”: [Continue reading...]