MOBE bilked nun out of $60,000, CFO made death threats (and more)

Since the appointment of the MOBE Receivership, the Receiver has been approached by a wide-range of victims.

Virtually all of the consumers with whom the Receiver has communicated did not earn back the amounts they paid to purchase MOBE memberships.

One specific example cited in the Receiver’s Initial Report is a Catholic nun, who purportedly borrowed $60,000 from her family. [Continue reading…]


USI-Tech scam warning issued in New Zealand

New Zealand’s Financial Markets Authority has issued an investment warning against USI-Tech.

Better late than never? [Continue reading…]


Limbic Arc Review: Get vitamins and nutrients through a mobile app?

Limbic Arc operates in the health and wellness MLM niche and are based out of Utah in the US.

The company is owned by Global Unicorn Holdings, a publicly traded company.

The founder and CEO of Limbic Arc is Vaughn Cook.

One of the other companies Global Unicorn Holdings owns is Zyto, also founded by Cook.

Zyto market a “hand cradle” that it claims

measures the body’s galvanic skin response to each unique signature and sends the data directly to the software for analysis.

In 2015 Cook received a warning letter from the FDA.

During an inspection of your firm …  an investigator from the United States Food and Drug Administration (FDA) determined that your firm manufactures the ZYTO Hand Cradle, a Class II galvanic skin response measurement device, and the ZYTO Laser and ZYTO Tower, which are intended to be used as accessories with the ZYTO Hand Cradle.

Under section 201(h) of the Federal Food, Drug, and Cosmetic Act (the Act), 21 U.S.C. § 321(h), these products are devices because they are intended for use in the diagnosis of disease or other conditions or in the cure, mitigation, treatment, or prevention of disease, or are intended to affect the structure or function of the body of man or other animals.

Zyto had not met regulatory requirements to market such devices.

After a failed 2016 run for Utah Governor, Cook resigned as CEO of Zyto in early 2017.

Limbic Arc was launched earlier this year.

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


LifeVantage class-action filed, pyramid scheme & snake oil allegations

BehindMLM reviewed LifeVantage back in 2015.

Although retail was possible, we found LifeVantage’s overall business model was focused mostly on autoship affiliate recruitment.

This combination of token retail with affiliate recruitment is at the core of modern-day MLM pyramid schemes.

The FTC took action against Vemma and Herbalife a few years ago for use of the model, but for whatever reason we haven’t seen anything since.

LifeVantage meanwhile have had three years to clean up their act.

If a lawsuit filed earlier this year is to be believed however, nothing much has changed. [Continue reading…]


Financial Education Services Review: $715 commission on $499 sale?

Financial Education Services operates in the financial services MLM niche. The company provides a PO Box address in the US state of Michigan on their website.

Heading up Financial Education Services are co-founders Parimal Naik (CEO) and Mike Toloff (President).

According to Naik’s LinkedIn profile, Financial Education Services was initially launched as VR Tech back in 2004.

To the best of my knowledge, Financial Education Services is the first MLM venture Parimal Naik and Mike Toloff have operated.

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


RamTrex Review: Crypto Ponzi collapsed? Fork blockchain and reboot.

Mass Cryp was a Ponzi scheme that launched in late 2017.

Three co-founders headed up the scam; Pijush Sarkar (CEO), Saurabh Singh (CFO) and Shashank Mishra (COO).

The basic gist of Mass Cryp’s business model was *somethingsomething blockchain digital advertising free money*.

BehindMLM reviewed Mass Cryp in December 2017 and concluded it was a simple $100 in, $120 out Ponzi scheme.

Attached to this was a pointless MASS altcoin which, as predicted, crashed shortly after launch.

In June Mass Cryp announced it would be forking its MASS altcoin to create ADMC.

Being another pointless altcoin, ADMC saw desperate investors quickly drain Mass Cryp’s ROI reserves.

Visitors to the Mass Cryp website today are presented with the following message:

Due to the current price crash, unfortunately, the number of coins needed to pay at this price exceeds the hard cap limit initially set for ADMC.

We have temporarily installed a $0.05 withdrawal coin price on withdrawals going forward.

So to recap, Mass Cryp launches as a Ponzi cycler attached to its own non-publicly traded MASS altcoin.

That model collapses and so they launch another non-publicly tradeable altcoin, ADMC.

ADMC collapses because Mass Cryp doesn’t have enough new investment to honor internal exchange withdrawals, and so they set ADMC at a 5 cent artificial value.

Sometime after the ADMC dump, Mass Cryp’s owners launched RamTrex.

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


AI Trade Review: Bot trading crypto Ponzi scheme

AI Trade provides no information on their website about who owns or runs the business.

The AI Trade website domain (“aitrades.org”) was privately registered on May 9th, 2018.

Official AI Trade marketing videos feature Mark Davis;

On his personal website, Davis “promotes crypto” and cites himself as an Australian “author and speaker”.

To what extent Davis is involved in the operation of AI Trade is unclear.

Other AI Trade marketing videos suggest the company operates out of Kiev, Ukraine. That none of this is disclosed on the AI Trade website is telling.

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…]


Members Choice Ponzi cycler collapses, promises “reborn” reboot

Was it the Ponzi cycler business model, ties to the Waszupp Global and Noble 8 Revolution cyclers, religious affinity marketing model, or prior arrest of Johnny William Cabe for fraud that saw Members Choice collapse?

Who knows…

Comparing itself to a pregnancy however, Members Choice has informed affiliates it’s planning a reboot. [Continue reading…]


Evolution Travel Review: Paycation travel pyramid clone

Evolution Travel operate in the travel MLM niche, with an address in Las Vegas, Nevada provided on their website.

Further research however reveals this address actually belongs to Regus and is virtual in nature.

Evolution Travel name David McCovy (right) as founder of the company.

As per McCovy’s Evolution Travel corporate bio;

A lifelong entrepreneur, David has founded a clothing store, a restaurant, the largest independent concert company in Las Vegas, and has also invested in a hollywood film.

Persistence from his mother along with time freedom that his traditional businesses didn’t allow him are the things that got David involved in network marketing.

He quickly ascended to the top of the companies that he was involved with.

His passion to help people and to give the average person a platform to succeed is what drove David to found Evolution Travel.

David McCovy appears to have first found success in 5Linx, having risen to the Senior Vice President rank circa 2014.

After 5Linx McCovy joined the since-collapsed Paycation pyramid scheme.

McCovy’s stint at Paycation was brief. In 2015 he ditched the company and launched Evolution Travel.

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


Richard Maike argues I2G recorded webinars = illegal wiretap

In an attempt to gut the DOJ’s criminal case against him, Richard Maike claims recordings of incriminating webinars are illegally obtained wiretaps.

If that sounds ridiculous… it’s because it is. [Continue reading…]