Orkan Arat’s involvement in Nelo Life is… messy?
Rather than just be upfront about its fourth co-founder, Nelo Life has chosen to dance around Orkan Arat’s involvement.
All Nelo Life promotional material thus far has failed to disclose Arat as a Nelo Life co-founder.
In fact on a recent Nelo Life webinar, co-founder Eric Allen was downright childish about it. Allen acknowledged a fourth Nelo Life co-founder but referred to him only as “Big O”.
Separately I’ve been informed this is because of Arat’s involvement in another MLM company.
Further research into Nelo Life’s white labelled nutritional supplements might provide some clues.
To its credit Nelo Life has been upfront about white labelling nutritional supplements.
While they didn’t disclose who was manufacturing the supplements, BehindMLM was tipped off to “LifeC” being an abbreviation for Life Converted.
Life Converted sell their range of supplements directly to consumers on their own website.
Life Converted represents itself to be based out of Texas. On its website, Life Converted additionally states it
was established in 2023, rooted in the core of the USA with a vision to forge a brand distinguished by its commitment to quality and transparency.
Despite it’s claimed “commitment to transparency”, who owns Life Converted isn’t disclosed.
Interestingly enough, if you punch in Life Converted’s corporate address into Google, you find out it’s owned by Globallee.
Globallee is a Texas-based MLM supplement company co-founded by Mark McKnight, Lamia Bettaieb and Nauder Khazan.
Why Life Converted is using Globallee’s corporate address on its website is unclear.
Also unclear to me at the time is mention of Vidafy on Life Converted’s website:
Vidafy was a Utah-based MLM company that features “Life Converted” in its marketing.
Further research reveals Vidafy is now owned and operated by Plondo Network.
Plondo Network is a Lousiana company in turn owned by Orkan Arat.
And so we have:
- Orkan Arat owning Vidafy, who sell Life Converted’s products, through Arat’s Californian company Plondo Network
- Life Converted using Globallee’s corporate address on its website
- the connection between Globallee, Life Converted Arat being unclear
- Nelo Life intentionally hiding Orkan Arat’s involvement for undisclosed reasons
- Nelo Life selling Life Converted’s products, meaning Arat is double-dipping as co-owner of both companies
Whilst it’s certainly messy and perhaps ethically questionable, legally I can’t see a problem with Arat having his thumb in so many MLM pies.
I suspect the issue with publicly naming Arat as a Nelo Life co-founder might come down to contractual agreements between Vidafy, Globallee, Life Converted and/or other companies with ties we’re not aware of.
If that’s the case, the problem is even if Arat isn’t named by Nelo Life, he’s still involved. And if that’s the problem… well, it’s still a problem whether Arat is named or not.
Otherwise I can’t think of why Nelo Life is beating around the bush here.
Either way, more evidence of Nelo Life being a hastily launched “capture as much of FinMore collapsing” cash grab.
Have you considered contacting them/him directly to ask, rather then speculating?
Hey Oz, this is Eric Allen, President and Founder of Nélo Life. This will likely be the first and last comment I ever make on your site, if you will allow it to be posted.
The truth is that I actually agree with the vast majority of what you write on your website. I get it, you despise the network marketing business model. Truthfully, there is a lot about the industry – like most others – to dislike and find repulsive.
It is interesting to me that you have already written several articles – most of which is completely untrue (but hey, it’s your website and you are obviously not held to the same defamation and libel restrictions that we have in America).
We have not even opened our doors for business yet and you have prejudged nearly everything we envision and are striving to achieve. Time either promotes us or exposes us, and I look forward to manifesting our core values of Trust, Transparency, and Transformation.
Please feel free to take your hate out on me and me alone. This is my dream and I’m blessed to have Nick, Larry, and Orkan sharing in it and playing critical leadership roles.
To set the record straight for anyone who comes across this post:
Orkan is our technology partner and plays a pivotal role in executing my/our dream. I consider him to be one of the very best in the world and a great friend.
We are well-capitalized, which everyone will see and experience soon. No outside shareholders or investors.
This isn’t a fly by night start-up. This dream has been on my heart for nearly 20 years. It’s great that technology has advanced to the point where it is now, and continues to evolve, in sustaining a truly global movement that uplifts others.
Our trading partner platform operates exclusively outside the United States and solely within jurisdictions that permit its use. We are committed to upholding the regulations of each country and would never endorse any service or product that contravenes local laws.
We do not touch anyone’s money and there are no commissions paid to anyone based on what funds they choose to put in our simple, secure, and conservative system.
We have a world class corporate team behind us: legal, consultants, finance, creative design, technology, etc. We look forward to people experiencing that for themselves from Day 1.
Finally, my hope is that you will post these heartfelt words on your site, and I would love the opportunity to do a live 1 on 1 interview with you. You can ask me anything you would like.
Looking forward to shifting your mental paradigm and truly changing the way people think about relationship marketing.
Thanks for your time and I look forward to our conversation!
@Brad
BehindMLM approaches MLM reviews and research from the public’s perspective. BehindMLM isn’t a marketing channel for MLM companies.
If crucial information hasn’t been disclosed to consumers we’ll do our best to suss it out but also report on the regulatory failing.
Hi Eric,
Everybody loves BehindMLM… until we review your company.
Our articles on Nelo Life are all based on official Nelo Life marketing material and corporate disclosures.
Feel free to point out anything that’s wrong. I only ask you correct Nelo Life’s marketing material too as that’s the information you’ve put out there.
An MLM business model and compensation plan can be analyzed with our without a launch.
Don’t minimize due-diligence as “hate”. yOu JuSt HaTe MlM isn’t a response to concerns raised through due-diligence, it’s a deflection.
BehindMLM’s research into Nelo Life isn’t personal, we give every MLM company the same treatment. The same treatment that, up until we began our due-diligence into Nelo Life, you admittedly mostly agreed with.
Cool. But the question was is Orkan Arat a Nelo Life co-founder and if so, why is this information being hidden from consumers?
Right but lets be honest; you only acted on the dream after the TranzactCard/FinMore money dried up.
Securities law is materially the same outside of the US in every country with a regulated financial market.
We have:
-funds pooled under control of a centralized trading bot run by an unknown entity on behalf of Nelo Life, with no confirmation they are registered with regulators, for the sole purpose of generating a passive return via said third party’s trading efforts (Howey Test)
-Nelo Life, a US company run by US residents, promoting and selling unregistered securities through a trading bot (Securities and Commodities Act violations)
-Nelo Life not disclosing its trading partner platform or the people behind it (FTC, Securities and Commodities Act violations)
-Nelo Life executives representing to consumers a trading history with no verifiable data for consumers to do due-diligence with (audited financial reports filed with regulators)
An undisclosed third-party does on Nelo Life’s behalf. You can’t pseudo-compliance your way out of Securities and Commodities Act violations.
How many times did you tell your FinMore/TranzactCard downline that BehindMLM was wrong?
We performed the same level of due-diligence on FinMore/TranzactCard and held them to the same standards as we are with Nelo Life.
Nelo Life LLC registered as a business this month on 03/12/2024 in Wyoming, literally this month.
Oz very succinctly responded to everything, i’ll just give a little critical summary you clearly skipped over.
The moment your business starts “automated trading” you are required to register with the financial regulator in each country your clients come from as you (or your partner same thing) are doing financial work for someone else.
This is a fact the world over. Feel free to provide those registrations – or continue operating illegally.
Eric, you said that your trading platform operates exclusively outside the U.S. Big deal. It makes no difference where it operates from.
When you accept just one investor from the U.S. in your program you are subject to U.S. Securities Laws. The U.S. investor will be using your trading platform, therefore, it must be registered with U.S. Authorities. It’s not. Something your crack executive and legal team should know.
My bet is that your “trading platform” is not registered or licensed to do business in any country. Prove me wrong by listing proof your trading platform is registered in every country where it is doing business.
Blow your smoke up the newbies and gullible skirts, because we aren’t buying it here.
Post any independently audited financials that confirm you have a “well capitalized” business. No one cares what’s in your heart when you launch an mlm.
@Eric Allen
You said Trust and Transparency are part of your credo. You got people to trust you by going from TZT to Finmore. You weren’t transparent about knowing this change was going to happen (you kept telling people to “have faith, stay the course, don’t listen to the naysayers, things will come in time”).
You made a video saying you had to “do the right thing” by stepping away from Finmore (went against EVERYTHING you spouted in my previous sentence) – what kind of a “servant leader” is that?!
Larry Lane same thing. You all knew that NELO Life was in the works – as early as LAST YEAR according to what Larry said.
You also shared that “you told your wife that you didn’t want or think you would be a co-founder of an MLM”, but say that NELO Life concept has been in your brain for 20 years – which is it?
If you didn’t want to be a co-founder, why are you? Peter Rancie, in the most recent Finmore video says that he and new leadership are keeping a watchful eye on you and others for how things are being done and may go against Finmore/Tranzactcard rules/regulations of double dipping, cross-promoting, etc.
You are doing another money grab and what you are saying about NELO Life (the best, the highest quality, the newest/latest/greatest, mumbo jumbo false claims, is the same spew words you used for previous “ventures”). Trust that?
You say “family”, “friends”, bring religion into it… typical pull-at-your-heartstrings tactics.
You do NOT care what people are going thru or could financially suffer from any of your undertakings because you care about YOU.
I would ask you to look in the mirror and see if you can see a soul, but a narcissist is unable to look behind anything other than themselves.
Answer why you decided to not be a servant leader anymore – I and others are curious as to what that answer will be because you talked a good game to keep people trudging through the mud while working your other plans behind their backs.
FYI on something I found:
Some initial findings on Two Sigma:
From the information I provided above (the $100 million funding claim to NELO Life), it appears to me that this isn’t the same Nelo company and potentially a false claim?
I’ll let you decide/research/uncover what this is all about as you have more insight and resources than I do. On the surface this looks totally different because it mentions “Kyle” and I haven’t heard about Kyle in anything NELO Life.
victoryparkcapital.com/news/2022/10/19/victory-park-capital-announces-100-million-credit-facility-for-consumer-payments-platform-nelo/
Nelo is a BNPL platform based in Mexico that got its initial funding hit over 2 years ago. Their website is nelo.mx
Anyone can look up the owner, Kyle Miller on LinkedIn. He hails from the very non-mlm company of Uber.
A poor, poor attempt to associate the Nelo BNPL platform, that is over five years old, to this rinky dink MLM from March 2024. Try again, Eric!
all I can say is Oz and others are awesome in your research on these scams! so many people criticize the site and yet time after time the truth comes out and each scam eventually folds.
Eric Allen is a scumbag and I truly wonder how these losers sleep at night!!
I’m stunned to have someone share this with me. Eric “liar” Allen.
I’ll give you the biggest hint. I’m the guy seeking transparency with important questions about TZCard on the FB group. You and that other liar bozo Larry Lane that ran the Telegram.
Both of you scammers kicked me off your pages for asking questions. I was skeptical fairly quickly after giving that whole scam $500 out of my pocket. and valid questions got me booted.
I’ll tell ALL OF YOU that are on the fence or still drinking this kool aid ! I was in there fairly early when TZcard got going.
They slipped in a SS of all of these massive names to be influencers for the company on credit cards. Trump, Obama, LeBron, Garth, Lady Gaga, Make A Wish foundation, they had many more on that screen and claimed to have many more not announced.
Eric Allen is the one that was pushing this on the beginning zoom calls. He would say we have to keep this on the down low please only share with people you’re bringing on.
Well i’d like to think i have that SS still. That’s right you scum’s i took a SS.
In later Zoom meetings they never showed the credit card pics with all these power names but they would tell new people on zoom to ask the person that invited you.
Eric Allen in a later video. Said wow , Trump is not playing around he has three cards. The fact is that they NEVER had these names.
This is the moment you have to realize that this was ALWAYS A SCAM. Why lie about influencers if you’re Not scamming.
Also ask yourselves this. If Eric Allen got lied to about those influencers. Wouldn’t he have protected his name and called them out?
Go look up the co founders. I ran background checks and Rancie has a lien for employee fraud not paying hmmm i wanna say a 27k range of money.
Richard Smith has an actual court case that has him guilty of scamming. He also had a furniture company sue him two years ago. Go look it’s public record. Eric said he did all the homework on these guys PFFFT.
I’m not mad i lost $500. I’m mad that i put two weeks of massive effort into this and i didn’t do deeper homework first. But i’ve reached out to others and how they get most of these people is that everyone has this attitude of “ well i’m only out $500 if so.”
Quit loading these scammers up people. Eric i saw right through u and it’s exactly why i didn’t accept your friends request.
I really hate scammers and i promise that i truly hope im saving at least one person from making a mistake.
The Nelo Life website is finally up with their business address 30 N Gould St STE R Sheridan, WY 82801 which of course is the address of a registered agent for many scams.
Question for Eric Allen.
Thank you for taking the time to visit and for your candid comment. It’s refreshing to see someone in your position engage openly, and I’m all for direct communication.
I appreciate your passion for Nélo Life and commitment to inviting scrutiny and discussion around your new venture. Establishing trust through transparency is commendable and aligns with constructive dialogue.
I noticed in your comment that you mentioned the manifestation of core values and a 20-year-in-the-making dream. That’s a powerful backstory, and I’m intrigued by the depth of your experience. Given your history, I’m particularly interested in learning more about your past projects and the wisdom you’ve taken from them.
Could you share insights into your previous involvement with iLearning Global, World Ventures, MAVIE, Global Game Changers, Eric Bechtold’s Follow Funding, The Club, Tranzact Card, and FinMore? Understanding how these shaped your current vision could provide a fuller picture for myself and the readers.
I’m looking forward to potentially shifting perspectives and engaging in an in-depth conversation.
Warm regards!
Wes, nice of you to ask, but my bet is that Eric has left the building never to return again.
He came her thinking that telling his made-up backstory that we would all swoon and swallow it hook, line, and sinker. Now that he has realized he totally misjudged his audience and we weren’t buying his BS story, he put his tail between his legs and slinked off into the sunset.
All he has learned from all his past programs is how to get better and telling BS and making the gullible and newbies believe him. In short Eric is all talk and no walk.
In what world would Trump and Obama allow their names to be used together on an endorsement?
These fakes should happen more. It trips the BS alarm even for the most gullible.
“Fellow South Africans. I present MTI (insert alternative)! As endorsed by Nelson Mandela and Hendrik Verwoerd. Oh, and Coenie Botha and the guy in your church group who swears that this time it’s the real thing”
Hello Eric Allen……. As we await your “Transparent/Servant Leader” response to Wes W. maybe you could include details about the number of TranzactCard and Finmore refunds you paid out as you promised…….
Also we would love to hear all about your progress in the “Social Impact” department. Please remember that causing people financial losses/hardship has a “Social Impact”, so in your Servant Leader transparent update please include those stats in your response.
For those of you that feel so inclined (the more that do it the better and it only takes a few minutes to fill out and submit) please report fraudulent activity within MLMs for misleading content, income claims, pyramid activity that goes against the law, etc.
The web address: reportfraud.ftc.gov
I have already submitted 4 reports. Yes, Eric, you and the following that are actively promoting an additional money grab from TranzactCard to Finmore to Nelo Life are on my radar and actively being reported: Larry Lane, Scott Kufus, Nick Sorenson, Randy Schroeder.
I will be submitting reports until the FTC wakes up and starts acting on your and others continuous “rebrand” of verbiage saying the same thing in a different “company” so you can plug in your downlines and do a money grab at other people’s expense.
Scam quickly because my guess is… your time is limited (does your travel portal get you out of the country to avoid accountability and transparency?!)
The hype continues. Copied this post from one of the new NELO promoters. This guy promotes a lot of other deals as well.
(Ozedit: marketing spam removed)
Unless there’s a specific reason or something you want to point out, please refrain from copypasting random marketing spam.
It doesn’t add anything to the discussion. Thanks.
This communication regarding Tranzact and Finmore came from Peter Rancie. Besides the obvious fact that Finmore is DOA, I wonder what the legal ramifications are for the people over at NELO.
Thanks fellas. We eatin’ good today.
Doggies need a walk then I’ll get stuck into it.
This is all very disheartening! Where is the money that Peter Rancie said was “safe” in a trust?!!
Give EVERYONE their money back!! You don’t just write an email to 150,000 members and think it’s now okay to walk away with everyone’s money! This is crazy!
And all the leaders capitalize on their “fan” base they created with tranzact! Creating this Nelo life!! I can’t believe anyone would trust them at all!
History repeats itself as they all get rich and steal from people! Shameful.
Eric, I’m curious if Nelo Life Global was just started and built in a matter of weeks as you have stated. Why was the Official “Nelo Life Global community” affiliate private Facebook group created on Nov. 29th 2023 two weeks after the Tranzact Card launch event in Las Vegas?
And if you were so concerned and wanted Trazct/Finmore to succeed Why did you maintain control of the Finmore FBO affiate community and Telegram page and allow the chaos to run ramped instead of giving control to a member of the corporate team.
Not to mention you or whomever you tasked with managing the telegram page posting a link to sign up for a class action lawsuit.
It appears to me as a ploy to disenfranchise Finmore members in hope to lure them to Nelo Life. But what do I know?
I asked Jenis B. Minaya who is the admin for the official NELO FB group, why NELO are choosing to get Darik Alexander to head up their trading as Darik is a supposedly expert trader but when you look at his page he looks more like a marketer then an experienced trader: facebook.com/darikalexanderfan
Jenis reply was “Darik’s ‘perceived profession’ has nothing to do with you wanting to trade or not, again is a choice to take part in this.”
@David
This is precisely why audited financial reports and disclosures to the SEC are a legal requirement. Consumers shouldn’t have to guess and be lied to.
Legitimate trading operations don’t hide information from consumers and operate illegally (securities fraud).