Although 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.
Incorrectly 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...]
Early 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 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.
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 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.
Today 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...]
Out 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.
Through 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...]
It 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...]
When I started researching eYellows, I had immediate flashbacks to AiYellow.
Yellow themed business directory playing off of the Yellow Pages name with a primarily Spanish-speaking target demographic?
Right off the bat the similarities between the two companies were too obvious to ignore.
That had me convinced this was a reboot, until I dug deeper.
Not expecting it to be up, I was surprised to see the AiYellow website was still up and functional. Surely they’d have taken it down if eYellows was a reboot?
Next was eYellows’ disclosure of company management. To date, AiYellow do not disclose company ownership or management structure on their website.
In contrast, eYellows list a “Humberto Bazán” (right) as their “corporate founder”.
Possibly due to Spanish language-barriers, I was unable to track down an MLM history for Bazán.
His eYellows corporate bio meanwhile is laughably vague:
A man with clear ideas with extensive experience in human development. He has a huge zest for life that is contagious to those surrounding him. Leads by example and know how to activate the full potential of each person.
Excellent motivator with an unswervingly global vision of business trends.
Absolutely determined and committed to bring a genuine opportunity for a better life to the world with humility and respect, but with intelligence and character.
Well gee, what a swell sounding guy.
Both eYellows and AiYellow provide rented virtual office space as their points of contact, with where they are actually being run out of not revealed.
The eYellows domain registration isn’t much help either, with “eyellows.com” having been registered anonymously.
As such I’m not sure what the deal is between these two companies. eYellows obviously got its inspiration from AiYellow/Amarillas, but there’s enough difference between the two sites to create an air of uncertainty.
Read on for a full review of the eYellows MLM business opportunity. [Continue reading...]
An update from the Zeek Rewards Receveirship today concerning insider and net-winner settlements.
At the time of publication, all insiders bar Darryle Douglas have entered into settlements with the Receivership.
Douglas has thus far failed to hold himself accountable for his part in the $850 million Zeek Ponzi scheme, and remains in hiding. Default judgement in the order of $2.2 million was entered against him last month, with the Receivership yet to collect.
As for the other insiders, named we have Paul Burks, Dawn Wright Olivares, Daniel Olivares, Alexandre De Brantes as individuals and Beth Plyler and James
Quick as Co-Trustees of the Roger A. Plyler Revocable Trust and Co-Administrators of the Estate of Roger Plyler. [Continue reading...]
Those who invested and lost money in WCM777 have had a long wait for updates.
A Receivership was appointed back in March, but other than a report that detailed the extent of Phil Ming Xu’s fraud, things have been pretty quiet.
Behind the scenes though the Receiver has been busy, recovering assets and selling off what Xu accumulated through his various fraudulent ventures.
Now, in a report sent out to WCM777 investors, Receiver Krista Freitag indicates net-loser investors will soon be able to lodge claims. [Continue reading...]
There is no information on the HexClick website indicating who owns or runs the business.
HexClick has a “Who we are?” page on their website, however only the following vague marketing copy is provided:
Hex Click is an Advertisement company running with a policy of sharing revenue to its members.
A HexClick marketing presentation uploaded to a YouTube account named “Hex Click” on February 4th, names three Board of Directors:
Call me cynical, but the English-level evident on those bios suggests that all three are fake.
This is further supported by the presence of “legal documents” on the HexClick website. On display to create the illusion of legitimacy, the documents uploaded pertain to “H&C Investments Limited”.
The “Certification of incorporation of a private limited company” costs £15 and proves nothing more than someone paid a small fee to register a company name different to Hex Click.
And here’s an example of terrible English taken from the Hex Click website:
Hex-click feels guilty for some un-expected delay in Payout during last week. In fact, Number of meetings and get to-gathers caused this to happen as all leaders and professionals were committed there.
Now to onward, we assure you that everything will go smooth and all the Payouts will be entertained timely. Live support would work too for all Hex members.
Hex Click affirms again it’s (sic) members that we’ll always be around where ever you are. They’ll never feel them alone at any point of time.
We are highly honored and thankful to you for the patience and love that you’ve always been extending for Hex Click.
From my experience, the presence of these British certificates is almost always evidence of Indians running a scam either out of the UK or from India.
The broken-English and suspiciously vague corporate bios on names that don’t have a traceable MLM history certainly support this being the case with HexClick.
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...]