Articles under ‘companies’:

Riway affiliates claim deer placenta cures cancer, MS & infertility

Singaporean MLM company Riway is attempting to branch out from Asia into Europe. Unfortunately they’re doing so by making all manner of unsubstantiated medical claims.


MMM Global Ponzi scheme resurrected for 2018

For some, the death of MMM Global founder Sergey Mavrodi earlier this year marked the end of an era. For others it presented a shameless opportunity to continue scamming people in his name.


$405,187 recovered from Zeek Rewards net-winners in 3Q, 2018

As revealed in the Zeek Rewards Receiver’s third quarter report for 2018, another $405,187 has been recovered from the Ponzi scheme’s net-winners.


Nui launches kala cloud mining despite securities fraud cease & desist

It’s pretty established now that MLM cryptocurrency cloud mining opportunities are a security. Which makes Nui’s new kala mining offering all the more unbelievable.


BitConnect scammers impersonate Texas Securities Board

Last month the Texas Securities Board published its Annual Enforcement Report. Following its publication, scammers have been using the report to reach out and target BitConnect victims.


Steve Chen’s wife relinquishes $3.2 million in stolen USFIA funds

Through Ally Investors LLC and other shell companies, Steve Chen’s wife, Li Zhao (aka Jennifer Zhao), received around $3.37 million in stolen USFIA investor funds. In 2015 the USFIA Receiver recovered approximately $3.2 million from a safe deposit box and bank accounts held in Ally Investors’ name. The seizure saw Li Zhao, the primary beneficiary [Continue reading…]


TVI Express criminal fraud charges filed in India

Although it collapsed ages ago and its website is offline, the TVI Express saga continues. Five years ago Indian authorities arrested Tarun Trikha, founder and CEO of the company. In 2014 the Indian Supreme Court directed the Central Bureau of Investigation to investigate TVI Express. Four years later the CBI has finally filed charges.


Visalus Amazon racket lawsuit settled in secret?

Last July former top earner Michael Gehart filed a lawsuit against Visalus. Gehart alleged Visalus was an “illegal pyramid scheme”. He also the claimed the company ran a secret Amazon retail racket, effectively giving Gehart an unfair advantage over other Visalus affiliates. In early 2017 Visalus took control of the Amazon racket, prompting Gehart to [Continue reading…]


My Crypto Mine (Bitqyck) securities fraud cease and desist issued

A securities fraud cease and desist that closely ties into Bitqyck has been issued in Texas. Bitqyck was launched in early 2017 by co-founders Bruce Bise and Samuel (Sam) Mendez. They were joined by Mark Steven Royer shortly after launch. The Texas Securities Board refers to Bise as “a white collar criminal”. Mendez is a [Continue reading…]


Seventy-two TelexFree disallowed claims lists published

The good news TelexFree victims waiting for an update on allowed claims is you’re one step closer to distribution. The bad news is the latest update means payments probably won’t be going out this year.