BBOM assets frozen, Judge agrees it’s a Ponzi
A day after I reviewed BBOM, Federal Police in the Brazilian state of Pernambuco announced that they had launched an investigation into the company. Like TelexFree, BBOM accepts investments from affiliates in exchange for a monthly ROI, along with recruitment commissions and matching bonuses. Whereas TelexFree used the guise of VOIP services, BBOM pretended they [Continue reading…]