Italian regulator orders OneCoin affiliates to stop promotion

onecoin-logoSlowly but surely, regulators in Europe are starting to tackle the OneCoin problem.

Back in September it was confirmed that London police were investigating the scheme.

Last week a criminal complaint was filed against one of Belgium’s top OneCoin promoters.

Now in Italy, the Italian Antitrust and Consumer Protection Authority (AGCM) has ordered local affiliates to stop promoting OneCoin. [Continue reading…]


Fund My Cause Review: Six-tier bitcoin cash gifting

fund-my-cause-logoThere is no information on the Fund My Cause website indicating who owns or runs the business.

The Fund My Cause website domain (“fundmycause.com”) was privately registered on October 11th, 2016.

The official Fund My Case Facebook group was created by Jim Watts on October 25th.

jim-watts-fund-my-cause-adminWatts (right) operates out of Belgium and appears to be a serial MLM underbelly participant. His downlines groups are named “The Early Birds” and “Team Builder Network”.

In The Early Birds Facebook group, Watts refers to Fund My Cause as the group’s “first project”.

Opportunities Watts was promoting prior to Fund My Cause include Leased Ad Space (cash gifting), My Paying Crypto Ads (Ponzi scheme), Zukul Gold (pyramid feeder), The Ads Team (Ponzi scheme), Zukul Ad Network (Ponzi scheme) and My Paying Ads (Ponzi scheme).

Read on for a full review of the Fund My Cause MLM opportunity. [Continue reading…]


Xegains Ventures Review: 450% ROI cryptocurrency investors?

xegains-ventures-logoThe Xegains Ventures website identifies Papper Jean Pierre as the company’s Founder.

The profile photo used for Papper Jean Pierre however is stolen from a Quora commenter by the name of Ivica Marusic.

fake-founder-xegains-fraud

Marusic’s Quora comments were published in 2015, which predates Xegains Ventures website domain registration (April 2016).

Coupled with no information on Papper Jean Peierre existing online, it’s a safe bet that he doesn’t exist.

The same is likely true of Xegains Ventures’ other named executives (color photos retouched in black and white).

The Xegains Ventures website domain was registered with a bogus address in Berlin Germany.

Alexa currently estimate India (36.9%) and Malaysia (20.2%) as the largest sources of traffic to the Xegains Ventures website. One of these two countries is likely where Xegains Ventures is actually being run out of.

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…]


VenusFX under police investigation in Malaysia

venus-fx-logoForex Ponzi schemes in Malaysia might have their days numbered, with news yesterday of police launching an investigation into VenusFX.

For those unfamiliar with the scheme, VenusFX was a Ponzi scheme that promised a 480% ROI in 80 days.

Reader comments on our BehindMLM VenusFX review suggest the scheme collapsed around August. [Continue reading…]


Crypto Lover Review: Oldschool queue gifting with bitcoin

crypto-lover-logoThere is no information on the Crypto Lover website indicating who owns or runs the scheme.

The Crypto Lover website domain (“cryptolover.com”) was privately registered on November 5th, 2016.

Of note is the Crypto Lover website is hosted on the same private server as Fundising, Matrix Million and a number of suspicious sounding schemes.

crypto-love-same-hosting-fundising-matrix-million

Fundising is a cash gifting scheme launched earlier this year in August. Alexa traffic estimates for the Fundising website suggest the scheme began to collapse in October.

Perhaps not so co-incidentally, Matrix Million is a Ponzi cycler launched in October. Alexa traffic estimates for the Matrix Million website show a flat-line for this month, likely prompting the launch of Crypto Lover.

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…]


Reality Gift Review: Four-tier bitcoin cash gifting

reality-gift-logoThere is no information on the Reality Gift website directly addressing who owns or runs the business.

The Reality Gift website domain (“realitygift.com”) was privately registered on the 2nd of November, 2016.

If you visit the Reality Gift website without an affiliate referral code, the default upline sponsor is Virginia Carter. This is fixed and does not change.

As per the Reality Gift “about us” page on their website;

First unique thing in this program is I by myself already running a revenue share program named “Greendaypays” since last 3 months, which I believe is enough to show my knowledge about the industry.

Virginia Carter first popped up on BehindMLM earlier this month as a bogus Facebook profile tied to Easy Cycler.

Easy Cycler don’t disclose who runs the company on their website. The two admins of the official Easy Cycler Facebook group are Cynthia Taylor-Iwankow and Virginia Carter.

 

Update 2nd December 2016 – Cynthia Taylor-Iwankow has been in touch and claims she has ” zero to do with” Reality Gift. /end update

 

GreenDayPay preceded Easy Cycler, which matches up with what is on the Reality Gift website.

GreenDayPay was a Ponzi scheme that advertised a daily ROI of up to 5.6%. It collapsed in October.

Easy Cycler is also a Ponzi scheme, paying an advertised $12,170 ROI on $20 investments.

Alexa traffic estimates for the Easy Cycler website do not suggest that affiliate recruitment has dried up yet. Why Reality Gift has been launched so close to Easy Cycler is unclear.

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


Summary Judgement granted against Zeek Rewards net winners

zeekrewardsThe conviction of Paul Burks appears to have left Zeek Rewards’ top scammers without a legal leg to stand on.

Back in July, the Zeek Receiver filed for summary judgement against the Zeek net-winner class.

In total, Zeek’s “net winners” (those who received more money from Zeek than they paid in to Zeek) received over $282 million in net winnings, with the largest winners each receiving well over a million dollars.

Yesterday the motion was granted, paving the way for clawback collection efforts to begin. [Continue reading…]


Appi Travels Review: Danny Gauthier moves into travel recruitment

appi-travels-logoThere is no information on the Appi Travels website indicating who owns or runs the business.

The footer of the Appi Travels provides a corporate address in Quebec, Canada.

The Appi Travels website domain (“appitravels.com”) was privately registered on the 17th of September, 2016.

danny-gauthier-ceo-founder-appi-travels-linkedinFurther research reveals Danny Gauthier identifying himself as owner and CEO of Appi Travels on his LinkedIn profile.

Why this information isn’t provided on the Appi Travels website is unclear.

Danny Gauthier first appeared on BehindMLM in early 2012 as the owner of Ultamex.

Ultamex was a chain-recruitment scheme that lasted for about a year before it was rebooted as Wealth Podium.

Wealth Podium was a similar matrix-based recruitment scheme.

Alexa traffic estimates for the Wealth Podium website suggest the opportunity has long-since collapsed, prompting Gauthier to now launch Appi Travels.

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


Givers Crowdfunding Review: 3×7 matrix cash gifting

givers-crowdfunding-logoThere is no information on the Givers Crowdfunding website indicating who owns or runs the business.

The Givers Crowdfunding website domain (“giverscrowdfunding.com”) was registered on October 20th, 2016. Kevin Icecreast is listed as the owner, with an address in the US state of Texas also provided.

A marketing video featured on the Givers Crowdfunding website was uploaded on October 25th. The YouTube account name hosting the video is also “Kevin Icecreast”.

As per BehindMLM’s My Earnings review, Kevin Icecreast doesn’t actually exist.

My Earnings was a Ponzi scheme launched earlier this year in August. My Earning’s business model defined the company as a seven-tier matrix cycler Ponzi scheme.

The same “Kevin Icecreast” YouTube channel was used to promote My Earnings.

After it launched, My Earnings promptly collapsed. Today the My Earnings website is non-responsive.

The same scammer(s) behind My Earnings were also behind Progmatic AdsPaid, a Ponzi scheme launched in January.

Givers Crowdfunding appears to be the third opportunity launch by this individual or group for 2016.

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…]


Stemtech lose $1.6 million copyright infringement appeal

stemtech-logoAndrew Leonard is a photographer of stem cells.

Leonard takes photographs of stem cells using electron microscopes.

Leonard obtains cell samples from doctors, scientists, and researchers and pays a scientific research institution to use an electron microscope to photograph the cells.

The images first appear in black and white, and Leonard uses his “artistic judgment” to enhance the photos in color.

Only a few photographers engage in this highly technical type of photography.

Leonard’s photos are typically licensed non-exclusively through his company APL Microscopic. Licensing fees are typically between a few hundred dollars and several thousand dollars.

Back in May 2006, Stemtech approached Leonard about using one of his images. [Continue reading…]