John Wuo accused of ethics violations over USFIA ties

usfia-logoJuly 21st saw another Arcadia City Council meeting take place and with it, another barrage of criticism relating to the city’s real-estate issues.

Added to the mix was an update on the John Wuo USFIA situation, with comments from residents and finally response from Wuo himself. [Continue reading…]


Simon Stepsys dodges UK media (MyAdvertisingPays)

myadvertisingpays-logoSimon Stepsys, who titles himself “the internet millionaire”, is one of the more prolific promoters of MyAdvertisingPays.

For those unfamiliar with the scheme, MyAdvertisingPays is your typical ad-credits based Ponzi scheme.

Affiliates buy in for $49.99 a pop, with ROIs paid out of subsequently invested funds.

Stepsys’ personal website contains articles such as “The Importance of maintaining your 1200 Credit Packs”, advising prospective MyAdvertisingPays investors to ‘get to 1200 Credit Packs ASAP!‘ ($59,988).

Stepsys’ social media profiles are also abundant with promotion, featuring MyAdertisingPays promotional material prolifically churned out daily.

Yet when a major UK publication recently sought comment from Stepsys regarding MyAdvertisingPays, he was suspiciously unresponsive. [Continue reading…]


Filho vows to pay US DFRF investors on July 29th

dfrf-enterprises-logoDaniel Fernandes Rojo Filho is currently on the run from the FBI. After conducting an investigation into Filho’s DFRF Enterprises, the agency booked Filho on one count of wire fraud and sought his arrest.

Rather than defend himself and prove DFRF isn’t just a $15 million dollar Ponzi scheme however, Filho instead fled.

The latest in the developing saga has seen Filho interviewed by radio host Beto Moraes, in which Filho professes both the SEC and FBI investigation into DFRF are based on a “lack of information”. [Continue reading…]


Robert Craddock ordered to return $117,700 in fraud funds

zeekrewardsLast month saw Robert Craddock plead guilty to two counts of wire fraud.

And now the Department of Justice is looking to collect… [Continue reading…]


Achieve Community investors receive chargeback refunds?

achieve-community-logoOne of the first things serial Ponzi scammers do when one of their schemes goes bust is file disputes with banks, payment processors and credit card providers.

The idea is that, even with an SEC injunction in place, financial institutions will cover their client’s losses while they investigate.

How effective this is I can’t say, but according to one Achieve Community investor the practice was widespread and has left her at a severe disadvantage. [Continue reading…]


Filho stiffs hotel out of $70,000, radio interview tomorrow?

dfrf-enterprises-logoThe manhunt for Daniel Fernandes Rojo Filho continues, with new information increasingly pointing to Filho having fled the US.

Using stolen DFRF Enterprises investor funds, Filho amassed a sizeable collection of exotic cars.

One of them, a Rolls Royce Filho was frequently seen driving around, was ‘found abandoned in Miami the first week of July‘.

Filho also stiffed a luxury hotel in Miami out of $70,000: [Continue reading…]


HopRocket Review: JM Ocean Avenue launch travel opp

hoprocket-logoDespite an advertised July 15th launch, at the time of publication the HopRocket website only features a marketing video.

An affiliate website is live over at “myhoprocket.com”, but fails to disclose who owns the company.

It isn’t until one looks up domain registration info that who is behind HopRocket is revealed.

Both the HopRocket and MyHopRocket website domains are registered to Fred Ninow of Ocean Avenue LLC, with an address in the US state of Utah also provided.

Ocean Avenue was first launched  back in 2012 by Ninow and Ken Dunn.

In May 2014 Dunn left Ocean Avenue, claiming at the time:

The idea of walking away from MLM and OA is the toughest decision that I have ever had to make.

Ocean Avenue is in great hands with Fred & Staci, Tuffy & Theresa and the field leaders. It is an amazing opportunity. I would recommend it to anyone asking. I just have another direction that I need to go in.

One month later, Ocean Avenue merged with JM International to create JM Ocean Avenue.

As per a press-release issued on October 1st, 2014:

JM International, currently operating based in China and had expanded market to nearly 20 countries and regions around the world, is a hub for cutting-edge research and development and offers a wide range of healthcare related consumer products.

June 5, 2014, Ocean Avenue and JM International, both multi-national direct sales companies, today announced a merger to create opportunities for distributors and customers by expanding to over 25 new markets around the world this year, offering a broader and deeper range of products and increasing sales.

The venture, JM Ocean Avenue, is collaboration between two companies whose combined strengths will result in a global company able to produce and deliver innovative products through a superior and far-reaching global distributor network.

The JM Ocean Avenue website lists Jacky Zhang as “Global CEO” of the company, presumably appointed at the time of the merger.

fred-ninow-hoprocketSomewhat curiously, Fred Ninow (right) does not appear on JM Ocean Avenue’s listed Executive Team or Board of Directors.

Infact Ninow’s name does not appear anywhere on the JM Ocean Avenue website, leaving his position within the company a complete mystery.

With Ninow’s name popping up on the HopRocket domain registration, it’s probable that this might be a separate side venture of JM Ocean Avenue that he’s been put in charge of.

Before the JM International merger, Ocean Avenue offered access to a “vacation club”:

Claiming to have partnered with an unspecified “world-renowned travel agency”, membership to the Ocean Avenue Vacation Club is available to Ocean Avenue customers who spend a minimum of $50 on product purchases.

Details on the Vacation Club are sketchy, save that Ocean Avenue affiliates and customers will be able to book resort accommodation and cruises.

Unfortunately pending full disclosure by HopRocket, the executive management structure of the company is currently unknown.

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…]


Hits & Wealth Review: $25 ad-credit Ponzi positions

hits-and-wealth-logoThere is no information on the Hits & Wealth website indicating who owns or runs the business.

The Hits & Wealth website domain (“hitsandwealth.com”) was first registered in February, 2013, with the registration last updated on the 5th of September, 2014. This is likely when the owner(s) of Hits & Wealth took acquired the domain.

Of note is that the DropShip2Cash website is currently hosted off the Hits & Wealth server.

DropShip2Cash is a recently launched $49 a pop Ponzi scheme, with shared hosting strongly suggesting the same admin(s) are behind both opportunities.

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…]


Lucky5 Review: Virtual scratchie lottery-based MLM

lucky5Despite Lucky5 being widely promoted through Facebook, there is currently no information on the website advising visitors who owns or runs the business. Nor have I seen this information disclosed in any Lucky5 marketing material.

The Lucky5 website domain (“lucky5.com”) was first registered on the 30th of May, 2002. The domain registration was recently updated on the 23rd of June 2015, suggesting this is around the time the current owner(s) acquired it.

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…]


Lopoca Review: Nugget Game Ponzi points investment

lopoca-logoWhile there is no readily available information about who owns or operates Lopoca on their website, the company does provide some basic information about itself:

Lopoca Gaming Ltd., was founded in Malta on the 15th June 2010 as a subsidiary from Lopoca Ltd., a company registered in Cyprus.

Whilst Lopoca Gaming Limited is the operative company, Lopoca Limited deals with the administraive (sic) and all member enquiries for Lopoca Gaming Limited.

Despite the mention of registration in Cyprus, Lopoca provide an address in Malta on their website.

This corresponds with a license issued by the Malta Gaming authority (MGA/CL3/709/2010), but does not confirm where Lopoca is being operated from.

The Lopoca website domain (“lopoca.com”) was registered on the 20th of March 2010, with a Klaus Saurugger of Lopoca LTD listed at the owner.

An address in Cyprus is also provided, however further research reveals it to belong to FiduciTrust Services.

On their website, FiduciTrust Services provide mail address and mail forwarding services, indicating Lopoca is unlikely to have an actual physical presence in Cyprus.

klaus-saurugger-ceo-lopocaIn Lopoca affiliate newsletters, Saurugger (right) identifies himself as CEO of the company. On his LinkedIn Saurugger lists his location as Malta, which matches up with the Malta Gaming Authority license.

Saurugger’s employment history reveals positions the telecommunications and insurance sectors, however I didn’t see anything MLM related.

This suggests that Lopoca is Saurugger’s first MLM venture as an executive.

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