Following non-payment of withdrawals and an effective collapse, PGI Global has made an announcement suggesting they’ll be exit-scamming through Kala. That’s the same Kala shitcoin Nui launched three years ago.
Nui @ BehindMLM
The state of Michigan has issued Darren Olayan a securities fraud cease and desist pertaining to Mintage Mining. Michigan’s notice was issued on April 8th, however I only came across it today as part of my research into Olayan’s $595,000 Utah fine. As per Michigan’s cease and desist;
The Utah Division of Securities has fined Divvee Social and Darren Olayan $595,000 as part of a securities fraud settlement.
In an attempt to distance itself… from itself, Darren Olayan has resigned from Nui’s parent shell company Appliqate. Nui’s company history is intentionally convoluted. At present the only thing going for Nui is Nui International.
In a recent official R Network marketing video, a “common stock ownership” scheme was pitched to prospective affiliates. Neither R Network or their executives are registered with the SEC, meaning the offer constitutes securities fraud.
Nui’s “Nui International” Ponzi scheme is particularly popular in Brazil. As I write this Alexa estimates 44% of traffic to Nui International’s website originates from Brazil. Not everyone is on board though. Last October the YouTube channel “Reis das Financas” published a general alert on Nui Social. A followup video was published back in February. [Continue reading…]
From time to time I run a few searches to check up on our cast of characters. Last night I came across an interesting search result. Turns out Montana served Nui a securities fraud cease and desist last September. In hindsight, this goes a long way to explain Darren Olayan’s subsequent disappearance and the whole [Continue reading…]
Despite not having an attached product or service till at least Christmas 2019, Richard Smith is gearing up to launch R Network. What will R Network pay commissions on without an attached product or service? Glad you asked. Read on for a full review of the R Network MLM opportunity.
As I was doing my research for our article yesterday on Nui’s arguably pointless CompChain, I came across a corporate blog post that piqued my interest. Titled “ATTN: Important Clarifications for Nui Members”, here’s an update Nui pushed out to affiliates on March 11th; The Digital Vault Is Not Associated with Nui You may have [Continue reading…]
Another day, another excuse to ram crypto buzzwords down the throats of the MLM community. Why Compchain? Compchain is changing the scope of networking as we know it. Built on immutable blockchain technology, Compchain allows you to lock in your network for life, and tap into new products and opportunities as they’re added to the [Continue reading…]