choosing a business @ BehindMLM

Mintage Mining is purportedly a partnership between David Childs (cited as owner of the company) and Darren Olayan, CEO of Nui. BehindMLM reviewed Mintage Mining last December. We came to the conclusion that, at best the cloud mining business model would constitute a securities offering. The lack of registration with the SEC at the time [Continue reading…]

We’re a bit late to this one, but earlier this month Kannaway was accused of illegally selling cannabis oil in Belgium. A March 19th report in Het Laatste Nieuws (HLN), Belgium’s top newspaper, accuses Kannaway affiliates of illegally selling cannabis oil. HLN goes on to call out predatory marketing practices that target “severely ill patients”, [Continue reading…]

In my almost ten years of covering the industry, I’ve come to realize that if an MLM company tries to convince you they’re not selling securities – then they probably are. This of course isn’t a hard rule, but it’s generally applicable to the companies that pay lawyers to convince you otherwise. As far as [Continue reading…]

Scott Warren is a named partner in the Wellman & Warren law firm. Warren is widely recognized as an attorney that focuses on MLM related matters… which makes his alleged “endorsement” of Crypto World Evolution all the more puzzling.

One of the more disturbing allegations in Mark and Tammy Smith’s lawsuit against Nerium, was the calculated poaching of Prepaid Legal distributors. When Nerium founder Jeff Olson first approached the Smiths, they claim they were in the midst of a “successful career” with PrePaid Legal. Olson nonetheless eventually convinced the Smiths to jump ship to [Continue reading…]

It seems Bitcoiin and its “Worldwide Ambassador”, Steven Seagal, are determined to press on despite receiving a securities fraud cease and desist. While we already knew US promoters were continuing to promote Bitcoiin in secret, now we have confirmation the company itself has no plans to comply.

According to recent court filings, Monat Global are blaming critics for 1000 order cancellations over the past two months.

Genesis Mining, a Hong Kong company, claim to be ‘the largest cloud bitcoin mining company‘. A marketing pitch on the Genesis Mining website claims the company has “over 1,000,000” investors. It’s super simple – Your mining rigs are already set up and running. As soon as you’ve set-up your account you can start to earn [Continue reading…]

To hear Bitqyck affiliate Scott Brewster tell it, cryptocurrency mining is illegal in the US. [18:00] The North American structure, the government and the laws and everything, makes it difficult to impossible to pay miners for introducing mining to other people. What Brewster is referring to is the offering of an unregistered security, which is [Continue reading…]

Mark and Tammy Smith aren’t just top earners in Nerium International, they’re the top earners. As Master Distributors of the company, Mark and Tammy Smith were held up as posters of Nerium’s success. As of late 2014, Ted Nuyten’s BusinessForHome clocked the Smith’s at $9 million career earnings and around $2.4 million in commissions annually. That [Continue reading…]