Global Telecom Connect launched in late 2012 and operates in the telecommunications MLM niche.
Based out of the US state of Florida, Global Telecom Connect is headed up by CEO and Founder Randy Ray.
In his Global Telecom Connect corporate bio, Ray (right) is credited with being ‘involved in the Network Marketing (MLM) industry for close to 2 decades‘.
(Ray’s) impressive track record as vendors to the MLM industry eventually led him to launch their 1st network marketing company in October 2005; and to date, Randy already owns three very successful network marketing companies (including GTC) all of which are generating millions in monthly revenue.
The 2005 company mentioned is Fuel Freedom International (now known as “Forever Freedom”), who market ‘pills trade marked as MPG-CAPS, which are claimed to improve fuel economy, reduce emissions and increase engine power‘.
Jeunesse is the other company Ray launched in 2009, marketing a range of personal care and nutrition products. All three business share the same office space in Florida.
I can’t attest to the “millions in monthly revenue” claim, but at the time of publication all three of Ray’s companies remain in business.
Read on for a full review of the Global Telecom Connect MLM business opportunity. [Continue reading...]
Part of EmSquared review last week saw me call out EmSquared for their claimed “100% transparency”, but then failure to disclose that founder Sam Castor/Caster also founded their charity partner, MannaRelief.
As such the article was titled EMSquared Review: Mannatech charity opp spinoff? I thought that was pretty straight forward, seeing as Mannatech use the same charity. This information is available on the Mannatech website, although you’d be forgiven for missing it:
MannaRelief is an independent, nonprofit organization. It is not owned or operated by Mannatech, Incorporated.
Anyway, according to Mannatech, apparently we were “incorrect” in asking whether or not Castor’s newly launched EmSquared was a Mannatech charity spinoff.
Yesterday, purely by chance and out of curiosity, I punched in a search string that appeared in my website statistics report. On the first page of results was a new press-release from Mannatech, published some 9 or so hours ago (at the time).
What caught my eye was this line:
Mannatech (Ozedit: promotional waffle spam removed) announces today that is has no affiliation with a new company EMSquared, Inc., founded by Sam Caster who created Mannatech in 1993 and severed ties with the company in March 2014.
Other websites have mentioned Mannatech when discussing Caster and EMSquared, and one site incorrectly referred to EMSquared as a Mannatech spin-off.
Given BehindMLM was the only site to mention the MannaRelief connection, they’re obviously talking about us. Again, the headline clearly read Mannatech charity spinoff, so I’m not sure what the problem was there. [Continue reading...]
Kinda saw this one coming…
A federal judge has ordered that TelexFree Inc. co-owner James Merrill be released from detention while he awaits trial in the $1 billion fraud case.
Under the conditions of his release, Merrill, who was arrested in May, was placed in his wife Kristen Merrill’s custody and must live at his family’s home in Ashland. He is required to wear a GPS device, remain in his home every day from 8 p.m. to 8 a.m., and he cannot leave the state.
Merrill aos must put up a bond of $900,000 secured by his house, the home of his sister, Julie Merrill Wisell in Sutton, and another property in East Falmouth. He also must give up his passport.
Given the conditions that were proposed by Merrill’s own lawyers (most of which have been enforced as per above), I didn’t think there was much merit to keeping Merrill in jail.
On the other hand… [Continue reading...]
There is no information on the EmGoldex website indicating who owns or runs the business.
On the EmGoldex wbesite there is an “about program” section, on which it’s claimed:
The Emgoldex Trade Dmcc is registered in a certified free economic zone Dubai Multi Commodities Centre – DMCC.
The Emgoldex Trade Dmcc company is registered and obtains the licence in the free economic zone Dubai Multi Commodities Center for trade in Gold and Precious Metals all over the world. The company operates with the maximum profit for its customers.
Who registered the company however is not disclosed.
The EmGoldex website domain (“emgoldex.com”) was registered on the 19th of April 2011, however only “Emgoldex Trade DMCC” is provided as the registered owner of the domain. Who exactly owns this company remains a mystery.
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...]
Fantasies about a restructuring and return to business by TelexFree grow dimmer by the day, with news now that the TelexFree Trustee is investigating the company in earnest.
Filed on June 12th, Stephen Darr has asked Massachusetts Bankruptcy Court for permission to issue subpoenas on
- PriceWaterhouseCoopers, LLP (former advisors to TelexFree)
- William H. Runge (TelexFree’s Chief Restructuring Advisor) and his company Alvarez & Marsal (sic) North America, LLC (financial advisors to TelexFree)
- Kurtzman Carson Consultants, LLC (TelexFree’s claims and noticing agent)
- the law firm Gordon Silver (co-counsel to TelexFree)
- the law firm Greenberg Traurig, LLP (co-counsel to TelexFree)
In addition to the issuing of subpoenas, Darr seeks to “obtain” [Continue reading...]
Top TelexFree pimp Faith Sloan recently asked a Massachusetts District court to release $15,800 in currently frozen funds. Sloan claims she needs the money to cover living expenses and payment to her lawyer.
The SEC were quick to file an opposition to the motion yesterday. Perhaps caught unaware by just how closely the SEC have been monitoring Sloan’s post TelexFree Ponzi activities, Sloan has now filed a response to the opposition.
Dangling the carrot of possible injunction before the court, Sloan seems to be under the impression that, subject to her own whims of consideration, court orders are little more than polite suggestions. [Continue reading...]
Solavei’s First Motions bankruptcy hearing appears to have taken place today, with the court concluding
As detailed in the Motion, the Debtor requires the use of Cash Collateral to continue its ongoing operations in the ordinary course of business, and in order to avoid disruption of such operations.
The Court finds and concludes that the Debtor and the estate will suffer immediate and irreparable harm if the relief approved hereby is not granted.
Based on the foregoing findings, it is hereby ORDERED as follows:
Motion Granted. The Debtor’s Motion is granted on an interim basis pursuant to the terms and conditions of this order (this “Interim Order”).
All objections to the Motion (if any) with respect to entry of this Interim Order are hereby overruled.
The terms and conditions of the order relate mostly to a budget, which Solavei is required to adhere to. [Continue reading...]
$49 is competitive, but no cheaper or more expensive than T-Mob itself, and T-Mob offer much better phones and phone choices. MetroPCS already offers similar no-contract monthly fees for nationwide service. AND it offers 4G, something T-Mob does NOT have (they have HSPA+ which is not 4G, even by Australian standards).
The question is does mobile telecom have this much margin to be sharing profit with the affiliates AND a decent corporate profit for itself?
-K. Chang, commenting on the BehindMLM Solavei Review (August 1st, 2012)
Solavei is one of those MLM companies I did an initial review on, and then it disappeared off my radar. That’s not necessarily a bad thing, as some might argue “no news is good news” when it comes to being featured on BehindMLM.
Launched in late 2012, Solavei seems to have had a decent enough run, but now the company finds itself in financial difficulty. With $63 million in financial liability hanging over their heads and an estimated annual gross-revenue of $65 million, Solvei has filed for Chapter 11 bankruptcy.
Naturally the first question that pops into one’s mind is “how did Solavei get to this point?” According to Richard White, General Counsel and Secretary of Solavei, a combination of poor initial business planning and overpaying affiliates are to blame. [Continue reading...]
Hat in hand, Faith Sloan approached the Massachusetts District court to ask them to release $15,800.
In her June 10th motion, Sloan claimed she
has been unable to pay for her food, her rent and her normal living expenses and will not be able to retain her attorney to defend herself in this matter, unless those monies are released.
$800 is held in a Bank of America account and $15,000 was paid to her lawyer as part of a $30,000 retainer, however both amounts are subject to freeze via a preliminary injunction granted last month.
Part of the injunction requires Sloan to identify her assets to the SEC. And with said assets under a freeze order, she’s also not permitted to spend any of it. [Continue reading...]
The original idea behind Vappnet was to pay affiliates a percentage of prize money won by customers and affiliates playing games on “Vappey”, Vappnet’s gaming platform.
Vappnet’s product is a “games platform” app they call “Vappey”. Vappnet claim that Vappey will give ‘away thousands of dollars in cash and prizes‘.
“As well as Free games there are also paid competitions, with tickets from just $1.00 where you can win great prizes like, Designer handbags, watches, Dream Trip Vacations, Cars and even Homes.”
A promotional video on the Vappnet website says users of Vappey will “get to play simple fun skill-based games for free. Games like Mega Memory, where you can test your skills and sharpen your brain.“
Vappnet launched around mid to late 2013 but flopped shortly thereafter.
I’m not sure exactly when, but Vappnet disappeared at some point after launch, resurfacing months later in what appears to be a reboot campaign branded “LaunchV”.
No mention of Vappnet’s previously launch attempt is made on the LaunchV website, with the company’s name only present in tiny footer text:
At the time of publication, the LaunchV website is little more than a recruitment capture page. Some details about the upcoming reboot of Vappnet have emerged though and after receiving a few reader requests, figured it was worth doing a review. [Continue reading...]