EmpiresX @ BehindMLM

EmpiresX Ponzi shuts down, selling investor data?

Jan.19, 2022 in companies, EmpiresX 2 Comments

Following EmpiresX’s collapse late last year, the company has announced it’s shutting down. The announcement was made via a communication sent out to investors in the last 24 hours. One immediately concern the EmpiresX’s announcement raises is potential identity theft.

Data leak provides insight into $60M+ EmpiresX Ponzi

Jan.08, 2022 in companies, EmpiresX 12 Comments

Today we take a look inside the EmpiresX Ponzi scheme. Who’s running it? From where? How much have they stolen? And who are EmpiresX’s top earners?

EmpiresX threatens to sue victims & top promoters

Jan.07, 2022 in companies, EmpiresX 3 Comments

EmpiresX began restricting withdrawals in early October. Withdrawals were then completely disabled in mid October, and have remained so since. In an EmpiresX corporate update sent out mid December, co-founders Emerson Pires and Flavio Goncalves threatened legal action against victims and top promoters. Also, rather than just admit their Ponzi scheme ran out of money, [Continue reading…]

EmpiresX Ponzi collapses, no withdrawals since mid October

Dec.01, 2021 in companies, EmpiresX 6 Comments

The EmpiresX Ponzi scheme has collapsed. Affiliate investors are reporting disabled withdrawals dating back to mid October.

FTC sends 379 MLM companies deceptive/unfair conduct notices

Nov.02, 2021 in ACN, Ariix, CashFX Group, companies, DFRF Enterprises, Dubli Network, Eaconomy, EmpiresX, Empower Network, ForeverGreen, FutureNet, GVO, Herbalife, iMarketsLive, Investview, Jeunesse, Karatbars International, LaCore Enterprises, Le-Vel, Lyoness, Nu Skin, Nui, OneCoin, OnPassive, Paparazzi, regulation, Seacret Direct, Sisel, Traffic Monsoon, USFIA, Valentus, Visalus, Wakaya Perfection, World Ventures, Young Living, Youngevity 24 Comments

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]

EmpiresX an “incompetent mess”, new withdrawal restrictions

Oct.12, 2021 in companies, EmpiresX 5 Comments

EmpiresX appears to have entered the “how can we stop people withdrawing?” Ponzi phase. Amid complaints from disgruntled affiliate investors, EmpiresX has introduced further restrictions on withdrawals.

EmpiresX’s master trader banned by the NFA for 8 years

Jul.20, 2021 in companies, EmpiresX, regulation 13 Comments

You won’t find his name anywhere on EmpiresX’s website. A quick search through YouTube however, returns plenty of videos citing “Joshua Nicholas Gregg” as EmpiresX’s Master Trader. Supposedly, Gregg, sometimes credited as just Joshua Greg/Gregg or Josh Greg/Gregg, works for Goldman Sachs in New York.

EmpiresX Review: 1% a day BTC & ETH Ponzi scheme

Jun.05, 2021 in EmpiresX, MLM Reviews 30 Comments

EmpiresX provides no information on its website about who owns or runs the company. EmpiresX’s website domain (“empiresx.com”) was privately registered on December 1st, 2019. Despite being set to English, certain elements on EmpiresX’s website still show up in Portuguese: This suggests whoever is running EmpiresX is fluent in Portuguese. Further research reveals EmpiresX marketing [Continue reading…]