Crowd4x Review: Wealth4AllTeam attempt a forex Ponzi

crowd4x-logoThere is no information on the Crowd4x website indicating who owns or runs the business.

The Crowd4x website domain was registered on the 10th of March 2014, however the domain registration is set to private.

Crowd4x marketing videos on YouTube reveal a “Victor Ronzulli” speaking on behalf of the company:

victor-ranzuli-owner-admin-crowd4x

Ronzulli repeatedly refers to himself as “we” and explains why he “started Crowd4x”. For all intents and purposes, Ronzulli would appear to be the owner or an owner of Crowd4x.

Ronzulli is no stranger to the MLM industry, with research revealing his particitipation in a number of questionable schemes.

In June of 2014 Ronzulli was promoting EMSquared, which saw affiliates buy boxes of nutrition bars and get paid when they recruit others who do the same.

emsquared-promotion-victor-ranzulli-facebook

Around the same time Ronzulli was also promoting Brain Abundance, which he seems to have joined earlier in the year:

brain-abundance-promotion-victor-ranzulli-facebook

Brain Abundance saw affiliates market a brain pill, with a heavy focus on affiliate recruitment over retail sales.

In 2013 Ronzulli was heavily invested in marketing Rippln:

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Rippln was initially set to launch as a full-blown pyramid scheme, however talks with compliance lawyers saw the recruitment side of the business gutted before launch.

When Rippln eventually launched with a modified compensation plan, months of lackluster performance saw the opportunity die a painfully slow death.

2011 saw Ronzulli pushing AutoXTen:

autoxten-promotion-victor-ronzulli-twitter

AutoXTen was a recruitment-driven matrix scheme, that promised affiliates they could “legally” turn $10 into $199,240.

Details of Ronzulli’s involvement in MLM opportunities prior to AutoXTen are murky.

Looking at the information we do have though, there’s a noticeable gap between 2011 (AutoXTen) and 2013 (Rippln).

Both Ronzulli’s Facebook profile and Twitter have been scrubbed clean of any promotional activity during this period. So if you’re wondering what he was up to during this time, allow me to fill in the blanks.

Circa September 2012, a Skype chat log provides insight into what Ronzulli was up to during the missing years from his public timelines:

[22:11:47] Victor Ronzulli ~ Morpheus: Well, trust me, I know what you guys are going thru, I have been there, I lost over $97,000.00 in Zeek and have lost money before in other companies prior to that.

We are still here, we are trying to communicate as much as possible.

We are putting together another Awesome company, we are trying to see how to cash everyone fairly and also looking at the most infinetesimal posibility (sic) that we could salvage W4A,

Ronzulli was an investor in the $850 million dollar Ponzi scheme Zeek Rewards, and appears to have been one of the owners of Wealth4AllTeam.

Zeek Rewards is one of the largest MLM Ponzi schemes in history. It launched in early 2011 and was shut down by the SEC in mid 2012.

Wealth4AllTeam? Ugh… where to begin.

Wealth4AllTeam first popped up on my radar in May 2012. It was a simple enough 10 day Ponzi ROI scheme and didn’t last long.

Wealth4AllTeam’s next incarnation called PrimusHub, which sought to encapsulate a number of dodgy schemes under the one umbrella. Primus Social was one of those schemes, which had affiliates earn commissions for recruiting fee-paying affiliates into the Primus Hub social network platform.

That lasted about a month before Ronzulli and his fellow Wealth4AllTeam owners went back to their Ponzi roots. This time around (December 2012), Wealth4AllTeam was accepting $10 to $10,000 investments from affiliates on the promise of an advertised 1.6% daily ROI.

By March 2013 that scheme had also collapsed.

A month later in April, Wealth4AllTeam officially announced they were suspending ROI payouts till late 2013.

The last known incarnation of Wealth4AllTeam was the launch of AdRevWorld.

How long AdRevWorld lasted I can’t say, but today the website is no more.

Enter Crowd4x, seemingly the latest opportunity in a long-line of schemes where only the owners and their friends have profited.

Read on for a full review of the Crowd4x MLM business opportunity. [Continue reading…]


Ultimate Cycler Review: Peter Wolfing’s latest cycler scam

ultimate-cycler-logoUltimate Cycler launched in 2013 and on its website names Peter Wolfing as CEO.

In the footer of the Ultimate Cycler website a copyright claim by “Beyond Multiplex Systems” is present.

Peter Wolfing is the President and owner of Multiplex:

peter-wolfing-president-of-multiplex-systems-linkedin

peter-wolfing-owner-of-multiplex-systemsPrior to Ultimate Cycler, Wolfing (right) launched Turbo Cycler and Infinity Downline.

Turbo Cycler saw affiliates buy positions in matrices that cost $200, $500 and $1000.

Once enough new positions had been bought to fill a matrix, the affiliate at the top of the matrix “cycled” out and was paid a commission.

Infinity Downline was $25 to participate and saw affiliates gift their joining fees to the affiliate who recruited them. Payment of this $25 then also qualified them to recruit new affiliates who in turn would gift them their $25 joining fee.

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


Movineo Review: TelexFree WCM777 Ponzi hybrid

movineo-logoThere is no information on the Movineo website indicating who owns or runs the business.

The company claims to be headquartered in Spain, however it appears to be primarily targeted at a Brazilian demographic.

On their website, Movineo claim to be the ‘first Brazilian MVNO project directed to the final customer‘.

MVNO stands for “Mobile Virtual Network Operator”, and is also from where Movineo derives its name (Mobile Virtual Network Operator).

Further research reveals Movineo affiliates naming an “Elias Medeiros” (sometimes credited as “Elias Rosa de Medeiros”) as the owner and CEO of the company:

elias-medeiros-ceo-founder-movineo

Medeiros’ name appears as the owner of the Movineo domain registration (“movineo.com”), so this would seem to be correct.

In his Facebook profile Mederios claims to be originally from Brazil but now lives in Spain.

Numerous posts by Mederios on his Facebook timeline indicate that he was once an investor in TelexFree.

On the 1st of April Mederios wrote on his Facebook wall:

TelexFree have got to be kidding, some people of my network are not able to transfer or withdraw, all of which has more than 400 dollars in the account and pops up a message in English saying he doesn’t have enough balance.

For this and other things I got out of TelexFree.

Earlier, in December of 2013, Mederios wrote:

Today is the big event of the TelexFREE… Let’s wait for news?

When Mederios joined and left TelexFree is unclear.

TelexFree was a billion dollar Ponzi scheme that was shut down by the SEC back in April. It primarily targeted Brazil, the US and Portugal.

Going by the language options offered on the Movineo website, it too targets these countries.

There’s also a bit of talk about WCM777 (another Ponzi scheme with a strong Brazilian investor-base), however whether or not Mederios actually joined WCM777 is unclear (he talks about criticizing the company’s banking relationships).

According to his Facebook profile, Mederios founded Movineo in early 2013:

elias-medeiros-founder-movineo-march-2013-facebook

Movineo affiliate presentations however suggest it was only earlier this year (around March) that the opportunity as it’s known today officially launched.

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


SPX Nutrition Review: Nutri-Thin relaunched?

spx-nutrition-logoSPX Nutrition launched a few months back and are based out of the US state of Utah.

Operating in the MLM weight-loss niche, SPX Nutrition is headed up by President Rick Wall.

As per Wall’s SPX Nutrition bio,

Rick is no stranger to the direct-selling enterprise. Spending the last 25 years as a mentor and coach, he has helped thousands of leaders create successful online businesses and form winning teams.

Rick has more than 30 years of public speaking experience and has been instrumental in the organization and implementation of numerous community action groups.

Despite those impressive numbers, I was unable to find any trace of Rick Wall in the MLM industry pre-dating 2011.

In 2011 Rick Wall co-founded and launched Nutri-Thin with partner Lyle Waters.

Nutri-thin centered around a product bearing its namesake and paid commissions via a 2×15 matrix.

What happened to Nutri-Thin I’m not sure, but today the company’s website domain redirects to SPX Nutrition.

Lyle Waters isn’t mentioned anywhere on the SPX Nutrition website, so this appears to be a solo effort by Wall to keep the company going.

Further research reveals that at some point Wall signed up as an affiliate with EPX Body (weight-loss):

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EPX Body used to sell Nutri-Thin, but a visit to their website today reveals it is no longer being marketed by the company. What happened there I’m not sure.

The EPX Body affiliate links on Wall’s personal website (“makemoneywithrickwall.com”) no longer work, so one would assume he is no longer with the company. Whether or not this was the motivating factor behind the recently launch of SPX Nutrition is unclear.

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


Modere Review: Neways autoship focus retained

modere-logoAlthough you won’t find any mention of Neways on Modere’s website, Neways was sold off in 2013 and Modere is its latest incarnation.

As revealed on an offsite prelaunch page,

Modere is the total transformation of a 26-year-old, $300 million a year network marketing (NM) company named Neways.

Neways was acquired in 2013 by Z Capital (ZCap.net). This transformation includes completely new ownership, management, branding, styling, pricing and growth strategies as well as a new name, business model and compensation plan.

Neways U.S.A. totally transformed to Modere at its launch in February 2014, and Neways will similarly transform to Modere in all 28 international markets by 2015.

robert-conlee-ceo-neways-modereIncorrectly identified as part of Modere’s “new management team” is CEO Robert Conlee (right). Conlee retains this position from Neways and has held the position since 2012.

Prior to his appointment as Neways CEO, Conlee held executive roles in Xango (CEO) and Nu Skin (President, North Asia and Japan).

Despite launching in February, at the time of publication no information about Modere’s management appears on the company’s website. A listed address in Utah suggests Modere has retained what was once Neways head office.

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


TelexFree civil stay of discovery granted, dismissals denied

telexfree-logoEarly last month the Department of Justice, who are currently handling criminal proceedings against TelexFree owners James Merrill and Carlos Wanzeler, asked the District Court of Massachusetts to order a stay of discovery in the SEC’s civil case.

The DOJ argued that

Without a stay, Merrill and perhaps Wanzeler – charged in both actions – would use the civil discovery process in a manner that impairs proper administration of the criminal case.

Today Judge Gorton granted the DOJ’s request. [Continue reading…]


MGH Global Vision Review: Anti-cancer & matrix recruitment

mgh-global-vision-logoMGH Global Vision list two offices on their website, a “head office” in Thailand and a “corporate office” in India.

The email address used for both offices points to MGH Global Vision’s Indian domain, indicating that the business in likely being run out of India. The Thai office is likely to be only rented office space (I tried punching the supplied address into Google maps and, other than ascertaining the building is a hotel, wasn’t able to turn up anything concrete).

Heading up MGH Global is co-founder and Chairman, Hob Khadka. Interestingly enough in his LinkedIn profile, Khadka lists his location as Singapore.

Singapore appears on a list of Asian countries in a section titled “find us” on MGH’s website, however no further information is provided.

Khadka describes himself as ‘a highly dynamic & young visionary entrepreneur from the land of the Himalayas’, however MLM opportunities other than MGH are noticeably absent on his LinkedIn profile.

Despite this, Khadka refers to himself as ‘a highly respected International Networker and MLM Corporate Founder‘ on his personal website (“hobkhadka.com”).

One upcoming MLM opportunity I noticed Khadka was involved in is iBoss Global.

hob-khadka-founder-chairman-iboss-global

Claiming to be based out Texas, the company doesn’t appear to have fully launched yet – but credits Khadka as its founder and Chairman on the website. Khadka himself has been heavily promoting the company on both his Facebook and Twitter feeds over the past month or so.

What the launch of iBoss Global will mean for MGH Global going forward is unclear.

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


Arbonne Review: Interesting comp plan, erroneous retail

arbonne-logoArbonne launched its network marketing business in 1980 and operate in the personal care MLM niche.

Based out of the US state of California, Arbonne was originally founded in Switzerland by Petter Mørck. Mørck, originally from Norway, passed away in 2008.

kay-napier-arbonne-ceoToday Arbonne is headed up by CEO Kay Napier (right).

As per Napier’s Arbonne corporate bio,

Katherine (Kay) S. Napier joined Arbonne in August 2009. Kay brings to Arbonne three decades of experience in general management, marketing, international and strategic planning.

Napier’s bio goes on to detail a background in pharmaceuticals and fast food (McDonalds). No mention of network marekting experience is made, indicating that Arbonne is Napier’s first engagement as an MLM executive.

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


A sick joke? Robert Craddock publishes Zeek Rewards book.

the-zeek-phenomenon-book-robert-craddockOut of all the people on the planet who might pen a book about Zeek Rewards, arguable none would be less qualified to do so than Robert Craddock.

Craddock, an investor in the Zeek Rewards, was hired by Gregory Caldwell to assist him with silencing Zeek Rewards’ critics compliance.

After the SEC shut down Zeek Rewards and revealed it to be an $850 million Ponzi scheme, Craddock was one of the most outspoken critics of the regulatory agency.

Craddock pushed all sorts of conspiracy theories in the immediate aftermath of Zeek through ZTeamBiz, a network of investors he set up.

Wishing to pursue legal action against the SEC, Craddock (right) convinced investors of Zeek to send him thousands of dollars.

robert-craddockThrough ZTeamBiz, Craddock (right) promised to put the money towards defending investors against future regulatory action.

The money ZTeamBiz fleeced from affiliates who donated was originally gathered to be used to defend all Zeek Rewards affiliates who donated against impending SEC litigation.

Shortly after the bulk of the money that would be donated was donated however, this changed to the offering of a cookie-cutter attorney letter, provided at an additional cost.

Where did the rest of the money go?

It is widely believed that the bulk of it went towards financing the legal defences of the Zeek Rewards net winners that formed ZTeamBiz.

In the months following the SEC shutdown, a number of legal initiatives were launched by ZTeamBiz affiliates to try to thwart attempts to recover funds they stole from their fellow affiliates.

To date, every single one of these actions has failed.

After that farce, Craddock’s name continued to pop up in connection with a number of shady schemes. It wasn’t until late 2013 that regulators and/or the Zeek Receivership shut him down.

After a series of Ponzi points business pushed by Craddock flopped, his newest role appears to be that of publisher. [Continue reading…]


Carlos Costa loses Federal Deputy election bid

telexfree-logoIt was always a bit ridiculous that the owner of a billion dollar Ponzi scheme fancied himself a viable candidate for Federal Deputy… but it was one we had to watch play out nonetheless.

Widely seen as an attempt (miscalculated or otherwise) to dodge legal responsibility for his role in TelexFree, over the last few months Carlos Costa has been campaigning for a seat in Brazilian government.

The position of Federal Deputy Costa ran for would have seen him elected into the Brazilian senate:

The National Congress is made up of the Chamber of Deputies and of a Federal Senate, and both Houses have fixed terms and cannot be dissolved earlier.

Under Brazil’s present Constitution, adopted in 1988, Senators are elected to eight-year terms, and Deputies are elected every four years.

Parliamentary immunity in Brazil doesn’t cover crimes committed prior to election, but the prosecution of a Federal Deputy does bring with it complications over prosecuting Costa as a regular citizen.

In any event, Costa ran on the promise of legalizing MLM in Brazil, despite it already being legal. He couldn’t come out and say he wanted to legalize Ponzi schemes, but that was the unspoken undercurrent behind his campaign promises.

The elections ran yesterday (Sunday) in Brazil, with Costa running in the electorate of Espírito Santo.

With polling booths now closed and the votes tallied up, what sayeth the citizens of Brazil? [Continue reading…]