Net-winner attorney argues Zeek thieves “provided value”

zeekrewardsThe original argument of those who profited in the Zeek Rewards Ponzi scheme was that it wasn’t a Ponzi scheme.

After wasting $30,000 of Zeek Reward victim’s fund on an expert witness they hoped would prove just that, turns out the witness was unable to disprove Zeek Rewards was a Ponzi scheme.

Armed with this conclusion, late last month the Zeek Receiver filed for summary judgement against Zeek’s top net-winners.

In a July 29th response filing, the net-winner class attorney is now arguing Zeek’s top profiteers “provided value” to the $900 million Ponzi scheme and believed it was a legitimate business. [Continue reading…]


Fresh Ads Daily Review: Two-tier matrix cycler pyramid scheme

fresh-ads-daily-logoThere is no information on the Fresh Ads Daily website indicating who owns or runs the business.

The Fresh Ads Daily website domain (“freshadsdaily.com”) was registered on June 22nd 2016, 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…]


iTravel Party Review v2.0

itravelparty-logoiTravel Party launched just over a year ago. BehindMLM reviewed the opportunity in June 2015 and concluded it was a matrix cycler.

iTravel Party affiliates signed up for $299 and were paid $400 when they filled a 2×2 matrix via recruitment.

Our recent review of 2×2 Destiny, a feeder for iTravel Party, revealed the company has since changed its compensation plan.

Today we re-review iTravel Party’s compensation plan and find out how the travel-based opportunity has changed. [Continue reading…]


OneCoin a “fraud company” according to Indian cyber crime police

onecoin-logoCyber crime police in Hyderabad, India have apprehended the owner of 3G Coin.

BM Jagadeesha, was arrested in Bengaluru by the Cyberabad cyber crime team on July 16 and is now on remand.

Jagadeesha’s setup at 3G Coin was typical of many Indian-based MLM underbelly schemes. [Continue reading…]


WCM777 Receiver having difficulty verifying victim claims

wcm777-logoLast we checked in the WCM777 Receiver was grappling with $386 million in claimed losses by WCM777 affiliates.

The problem is that, on paper, WCM777 only took in $86 million.

In March the Receiver requested additional time to further analyze and verify submitted claims.

As per a July 22nd filing that process is still underway, with the Receiver requesting more time to weed out bogus claims. [Continue reading…]


Traffic Monsoon preliminary injunction hearing rescheduled for 23 Sep

traffic-monsoon-logoEarlier today a joint stipulation was filed by the SEC and Charles Scoville, requesting the upcoming August 5th preliminary injunction hearing be rescheduled.

The parties also requested the current TRO in place be extended until the rescheduled hearing. [Continue reading…]


MyG21 Review: GCoin cashback points

myg21-logoThere is no information on the MyG21 website indicating who owns or runs the business.

The MyG21 website domain (“myg21.com”) was registered on the 20th of September 2011. Pietro Rocca is listed as the owner of the domain, with an address in London, UK also provided.

Further research reveals this address actually belongs to Regus, who sell virtual office space.

This suggests that MyG21 exist in the UK in name only.

I wasn’t able to find any information Pietro Rocca in conjunction with MyG21. His role within the company is unclear.

Most of the promotional material available for MyG21 is in Italian. Alexa also estimates that 80% of traffic to the MyG21 website originates out of Italy.

This strongly suggests that whoever is running MyG21 is actually based out of Italy.

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…]


Cash Money Bucket Review v2.0

cash-money-bucket-logoCash Money Bucket was launched just under a year ago by Robert McAtamney.

McAtamney first popped up on BehindMLM’s radar as the admin of the One Time Infinity Ponzi scheme. In addition to Cash Money Bucket, McAtamney has also launched 3to600 (February 2016) and VIP Promoters Club (April 2016).

Both 3to600 and VIP Promoters Club were matrix cycler Ponzi schemes that collapsed shortly after launch.

The Cash Money Bucket website currently advises the scheme is again in prelaunch, with a reboot scheduled to go live on July 31st.

Has Cash Money Bucket changed, or is Robert McAtamney launching yet another matrix cycler Ponzi? [Continue reading…]


Scoville loses control of Traffic Monsoon, Receiver appointed

traffic-monsoon-logoContradicting Charles Scoville’s insistance that he’s negotiating directly with the SEC and that everything is fine, yesterday the regulator filed an ex-parte motion requesting the appointment of a Receiver.

The SEC’s motion, filed on July 27th, reaffirms the regulator’s stance that Traffic Monsoon is a Ponzi scheme. [Continue reading…]


SEC reaffirms adcredit opportunities are illegal Ponzi schemes

SEC-logoProponents of adcredit “revenue sharing” would have you believe that the act of attaching advertising credits to a fraudulent investment scheme somehow legitimizes it.

The core take-away from the SEC’s shutdown of Traffic Monsoon yesterday is that this is complete nonsense.

For those unfamiliar with the adcredit business model, a business opportunity will typically have affiliates invest in adpacks or a similarly named vehicle. [Continue reading…]