Eagles Gates Group’s Eddy McClough still at large, D. Keller trial date

When news broke that the US face of the Eagle Gates Group Ponzi scheme had been arrested, it was assumed to be the actor that played CEO Eddy McClough.

Thai authorities arrested Derrick Matthew Keller on Monday, August 20th, 2018.

Keller, a Texas resident, was presented as the western face of the company.

While he did appear in several Eagles Gates Group marketing videos however, turns out he’s not the guy who played the fictional McClough. [Continue reading…]

Liv Review: Visalus lifestyle company spinoff

Liv launched in mid 2017 and describes itself as an ‘invite-only, global lifestyle community for passionate people‘.

The company is headed up by Visalus co-founders, Nick Sanicola (CEO), Blake Mallen (President) and Ryan Blair.

Curiously, Visalus is not mentioned in any corporate bios or the “about us” section of Liv’s website.

Although they are presented as separate companies, there does seem to be significant overlap between Visalus and Liv.

Over the past few years Visalus has been embroiled in one controversy after another.

We’re talking hacking and espionage, mass layoffs, an Amazon racket lawsuit and securities fraud class-action just to name a few.

Outside of Visalus affiliates feeling coerced into joining Liv to receive bonuses however, the two companies appear to operate independently of each other.

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

World Way Capital Ponzi collapses, reboots as Extra World

Not even 24 hours after World Way Capital collapsed, the company has rebooted itself as Extra World.

World Way Capital was fronted by Sergiu Valuta.

The company’s business model saw affiliates invest on the promise of Ponzi returns paid out in USD and bitcoin.

After a few 16 to 70 day return cycles, Valuta pulled the plug. As of two days ago, the World Way Capital website returns a 404 not found error.

At the time of its collapse, Alexa pegged the top three sources of traffic to the World Way Capital website as Iran (33%), the US (11%) and Brazil (9%).

Amid widespread losses among World Way Capital investors, Extra World has launched and promises more of the same. [Continue reading…]

Forever Living Products migrates autoship recruitment to Pakistan

Forever Living Products was first reviewed here on BehindMLM back in 2013.

One of the primary concerns raised in our review was the $132 a month autoship recruitment scheme.

We revisited Forever Living Products in 2017 and were dismayed that autoship recruitment was still a focus.

Now a report out of Pakistan has raised concerns the same business model is spreading there. [Continue reading…]

NZ church laundered millions thru OneCoin while under investigation

The Samoan Seventh Day Adventist Church in New Zealand has come under fire, for allegedly laundering millions of dollars through the OneCoin Ponzi scheme. [Continue reading…]

MyCoin24 Review: Christian Laack’s OneCoin Ponzi spinoff

MyCoin24 provides no information about who owns or runs the company on its website.

The MyCoin24 website domain (“mycoin24.net”) was first registered in May 2018.

The domain registration was last updated and set to private on March 22nd, 2019.

Various posts on MyCoin24’s official Facebook page are written in German:

Note that the post above corresponds with a German website domain to sell MyCoin24 merchandise.

This strongly suggests whoever is running MyCoin24 is based out of a German-speaking country.

In the support section of the MyCoin24 compensation plan, the Skype address “calas.biz” is given.

I was able to trace this Skype account back to Christian Mark Laack, who used the same account to promote Conligus in 2014.

Conligus was a penny auction MLM company modeled on the notorious Zeek Rewards Ponzi scheme.

Conligus collapsed in early 2015.

Owners Aron, Christian and Stephan Steinkeller sold the Conligus affiliate database to OneCoin later the same year.

In return for providing the OneCoin Ponzi scheme with a list of new investors, the Steinkeller brothers received top positions in the company.

Christian Laack appears to have briefly promoted OneCoin following the Steinkeller’s sell-off.

Prior to getting involved in Ponzi schemes, Laack was promoting Sisel (2012-2014) and Network World Alliance (2010-2011).

According to Laack’s LinkedIn profile, he is based out of the Hamburg Area in Germany.

Read on for a full review of the MyCoin24 MLM opportunity. [Continue reading…]

US Business World LLC Review: JD Coin pump and dump altcoin

US Business World LLC provides no information on its website about who owns or runs the business.

The US Business World LLC website domain (“usbwllc.com”) was first registered in 2015.

The domain registration was last updated on September 12th, 2018.

Bhupinder Singh is listed as the owner, through an address in Idaho. Further research reveals the supplied address is actually that of a hotel.

If you go to the “packages” section of US Business World LLC’s website, you’ll notice “JD Coin” bundled with them.

JD Coin is presented as a separate company with its own website, however it’s obvious the two companies are linked.

JD Coin’s website domain (“jdcoin.us”) was registered on January 17th, 2018.

Jhon Banga is listed as the owner, through the same Idaho hotel address.

According to Banga’s LinkedIn profile he owns Nampa Inn and Suites, the hotel address used for both US Business World and JD Coin.

Banga’s LinkedIn profile also cites him as a “Managing Partner” of JD Coin.

US Business World LLC’s marketing material cites “Arthur Tailor” as CEO of the company.

I couldn’t find any additional information on Tailor and am therefore unsure if he actually exists.

Despite Jhon Banga’s Idaho connection, US Business World LLC and JD Coin otherwise appear strongly tied to India.

Most of the US Business World marketing out there is in Hindi. Alexa also pegs the majority of traffic to the company’s website out of India too (74%).

For all intents and purposes US Business World and JD Coin appear to be Indian companies run by Indians.

Read on for a full review of the US Business World LLC MLM opportunity. [Continue reading…]

BrixTrades Review: Binary options trading Ponzi scheme

BrixTrades provides no information on its website about who owns or runs the business.

The BrixTrades website domain (“brixtrades.com”) was privately registered on November 4th, 2018.

A “sectional address” on BrixTrades website appears on a number of other websites; StockFX Pro, Apex Trade 247 and TradeOption 247.

These companies all use the same website template (Trade Option 247 is slightly varied), and are all investment related.

Website traffic to these websites is non-existent, suggesting each company has either yet to launch or already collapsed.

Further research reveals Denis Derkash promoting BrixTrades on his Instagram account.

As far as I can tell, this is the only public promotion of BrixTrades that exists.

Persual of Derkash’s social media profiles reveals that alongside BrixTrades, he is also involved in the BitClub Network Ponzi scheme.

According to Derkash’s Facebook profile, he’s based out Chicago in the US.

I also found an “Edward C Baker” promoting BrixTrades on Instagram.

Outside of that account though I couldn’t find any further information.

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…]

BitTrain Review: BTRC Ponzi points investment scheme

BitTrain provides no verifiable information on their website about who owns or runs the business.

The company does provide a series of random names it claims are management, however there is nothing to support these people exist as represented.

For example, BitTrain’s co-founders are supposedly Allen Coko (CEO) and John Kin.

Allen Coko doesn’t exist outside of BitTrain. John Kin’s social media profiles were only recently set up in December 2018.

Kin’s Twitter profile hasn’t been used for anything other than BitTrain promotion.

The BitTrain website domain (“bittrain.info”) was privately registered on February 15th, 2019.

Despite BitTrain not existing up until a few months ago, the company claims it has been in business since at least May 2018.

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…]

$17.9 mill DFRF final judgment, Heribeto Valdes up for $1.2 mill

Following the SEC filing for default judgment back in February, a $17.8 million final judgment has been made against DFRF Enterprises.

Heriberto Perez Valdes, an individual defendant in the case, also received a separate $1.2 million judgment. [Continue reading…]