Usually when MLM companies market themselves as social networks they claim to be a Facebook killer and virtually guarantee they’ll be the next big thing in social networking.

Then there are companies like FB2Rich. These guys aren’t a social network per say, but rather claim that by using Facebook, their members can earn $100,000 in 45 days.

Read on for a full review of the FB2Rich MLM opportunity. [Continue reading…]

After confirming that hundreds of thousands of dollars in fraud had occurred through Zeekler back in mid February, Zeek Rewards put out a press release advising its members that the company had implemented some ‘extra fraud detection measures‘ to deal with the problem.

Zeek Rewards claimed that

thieves have used hundreds of stolen credit card account numbers to create fake customers.

They then those stolen cards to purchase retail bids to earn the 20% commission. They request to be paid the commission by STP or AlertPay.

By the time the owners of the stolen credit card number contact us or their bank, the commissions have already been paid to these thieves.

Also admitted was that Zeek Rewards had no recourse to recover the funds paid out to these “thieves”. Ultimately it would be Zeek Rewards members who would take the hit as the hundreds of thousands paid out due to fraud would be deducted from the company’s daily profit share.

So anyway, that was back in mid February 2012. A month and a half later you’d assume that Zeek Rewards was free of fraud… right?

Wrong. Well, that’s if a quick perusal of some of Zeekler’s more recent penny auctions are anything to go by. [Continue reading…]

The Wealthy Ad Shares website contains no information about who owns or runs the company.

The domain ‘wealthyadshares.com’ was registered on March 17th 2012 however the domain registration is set to private.

As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

The ‘Contact Us’ section of the Daily Pay website names the owner of Daily Pay as Christopher Young, trading as Ad Pay Daily LLC operating out of Kansas in the US.

Ad Pay Daily was launched in 2010 and appears to be an ad rotator + recruitment scheme.

Members had to recruit advertisers to spend money advertising on Ad Pay Daily, and in turn members had to visit 20 websites a day (via the advertising) to earn commissions.

These commission were paid out at a percentage of a member’s accumulated ad points (members obtained ad points by attracting advertisers).

This sounds all well and legit, until you take into consideration that Ad Pay Daily members themselves could purchase advertising. In effect, members would invest in the company by “purchasing” advertising to increase their ad points. The larger the amount of ad points a member had, the larger their share of the daily profits.

Where were the daily profits coming from? Said investments of Ad Pay Daily members.

The Ad Pay Daily scheme looks to be mostly dead in the water (as all Ponzi schemes eventually wind up) and it’s failure is presumably what has prompted the launch of Daily Pay.

Read on for a full review of the Daily Pay MLM opportunity. [Continue reading…]

According to Wikipedia,

The American Dream is a national ethos of the United States in which freedom includes the opportunity for prosperity and success, and an upward social mobility achieved through hard work.

Throw in some “Christian principles and values”, weight-loss, heart pills and juice… and you’ve pretty much got the gist of new home-based business upstart American Dream Nutrition.

Read on for a full review of the American Dream Nutrition MLM opportunity. [Continue reading…]

There is no information about who runs or owns the Mint.bz opportunity on the company website.

The domain ‘mint.bz’ was registered on the 1st of March 2011, however the domain registration is set to private.

A custom CSS temple hosted on the Mint.bz domain however reveals the following text:

background-image: url(“http://www.detroitventures.com/interface/images/custom_bar.png”);

Mint.bz is pulling an image from the domain ‘detroitventures.com’, indicating the two domains are owned by the same person.

Detroit Ventures appears to be some kind of investment website set up to attract investors to… well I’m not entirely sure what but presumably invest in something. The source code for the domain indicates that it’s running some sort of Tumblr –> standalone website conversion script (Tumblr is a microblog platform).

The HTML subdirectory structure of both websites is also identical.

Whereas Mint.bz’s domain registration is private however, the domain registration for detroitinvestors.com is public and names a registrant:

Domain Name: DETROITVENTURES.COM

A Chen valuecreation@hotmail.com
1 Embarcadero Ctr
SkyDeck
San Francisco
CA
94111
US

Whoever this A Chen person is, by owning Detroit Ventures they also appear to be behind Mint.bz and operates out of California in the US.

Despite the Mint.bz domain being registered for nearly a year, this appears to be the first incarnation of Mint.bz as a MLM income opportunity. [Continue reading…]

There is no information on the Daily Wealth Ads website about who runs or owns the company.

The domain dailywealthads.com was registered on the 7th March 2012 however the registration information is set to private.

As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

It’s no secret that women make up an overwhelming majority of online retail purchasing power on the internet.

Aiming to carve their share of retail sales and advertising sales in the diet, health and beauty across the women ages 29-49 demographic, comes Minerva Rewards.

Read on for a full review of the Minerva Rewards business opportunity. [Continue reading…]

If you visit the Royal E-Kutir company website, you’re presented with a poorly designed flash-loaded site that doesn’t really explain all that much about the company.

Let alone any MLM business opportunity attached to it.

Probably better known as ‘Get Job Desk’, Royal Job Desk claim to be the ‘member referral program’ of Royal Ekutir Technology with the company functioning as an independent MLM business.

Read on for a full review of the Royal JobDesk income opportunity. [Continue reading…]

Two of the big buzzwords currently being tossed around the MLM industry are ‘compaliance‘ and ‘being compliant’. Or in other words, attempting to ensure that a company is legal and won’t be shut down for being a thinly veiled Ponzi or pyramid scheme.

Typically compliance issues are related to US-based MLM businesses (or offshore businesses who plan to do the bulk of their business in the US. The latter of course being all the more alarming because in the absence of management or a company presence, it’s the members themselves who are held responsible should regulators decide to investigate a company and take action.

In theory, compliance is a good thing. I mean, there’s no such thing as being too compliant right? Why not do everything you can to ensure your business model is compliant and as legal as possible?

This part of compliance of course I have no issues with. The problem however is that of late there’s been a few high-profile instances of companies launching obviously dubious business models, attracting large amounts of membership and only then deciding to give a crap about compliance.

Today we’re going to explore this topic in more detail. Why are MLM companies adopting this approach, what typically happens when a company decided to make compliance a priority and what it means for their members. [Continue reading…]