Despite actively marketing for signups, Nelo Life fails to provide ownership or executive information on its website.

At time of publication, Nelo Life’s website displays a “global pre-launch” countdown timer:

41 days from today puts Nelo Life’s launch on or around April 29th, 2024.

When readers first began contacted me about Nelo Life a few days ago, former TranzactCard and FinMore promoter Scott Kufus was cited as owner of the company.

I suppose this made sense at the time, seeing as Kufus is pretty much the face of Nelo Life promotion.

A reader got in touch yesterday to advise that Nelo Life was in fact owned by Nick Sorensen, Eric Allen and Larry Lane. Supposedly, their initials is what makes up the company name NELo Life.

I’m not sure if there’s a fourth “O” initial owner or whether the “O” is just to round off NEL.

In any event, while this fits I haven’t seen any concrete evidence of Nelo Life company ownership.

Nelo Life’s first major red flag is company owners hiding from consumers.

Update 20th March 2024 – While I was putting this review together this was posted to Nelo Life’s official Twitter account:

/end update

In the absence of anyone else emerging as the owner(s) of Nelo Life, it’s worth noting Nick Sorensen is a former TranzactCard/FinMore promoter (click to enlarge):

Eric Allen is a former TranzactCard/FinMore promoter:

And Larry Lane is a former TranzactCard/FineMore promoter:

TranzactCard was an effective reboot of Richard Smith’s collapsed R Network scheme.

After TranzactCard predictably collapsed last month, FinMore was unveiled as a hastily put together reboot.

FinMore, while still around, predictably collapsed even faster than TranzactCard did. As per a YouTube video put out by Troy Dooly yesterday;

[1:55] They started to flounder very early on. They weren’t able to deliver.

They hyped up the opportunity … it got really weird to be quite honest.

[3:32] Why did they fire the compliance team that actually knew what was going on? Why did they get rid of the second compliance team?

Why did they get rid of some of their executives that actually knew the network marketing business?

So it was… it was just chaos.

[4:31] It was just on and on to where it brings us now to the present, where executives have left.

And then this weekend I was given the privilege of being on some private Zooms, and I was sent private videos of people saying, “We’re done. We’re leaving.”

Considering FinMore only launched about a month and a half ago, one would have to assume Nelo Life’s pre-launch is equally as hasty.

Nelo Life’s website domain (“nelolife.com”), was privately registered on March 5th – about a month after FinMore was revealed.

As always, if an 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…]

A dispute over unpaid commissions has revealed Aawakend founder Rodney James has purchased Q Sciences.

BehindMLM noted Awakend’s Zenith supplement being sold through QSciences last month.

A week after this update, James purchasing Q Sciences was framed as a “strategic partnership“.

Why James’ purchase of Q Sciences was just openly disclosed is unclear. [Continue reading…]

After accusing them of “serious misconduct”, MTI kingpin Clynton Marks applied to have court-appointed liquidators removed.

As reported by MoneyWeb on March 18th, Western Cape High Court rejected Marks claims [Continue reading…]

A court has found the SEC getting some dates wrong in its Debt Box case constitutes bad faith.

Financial sanctions have been imposed and the SEC’s request to dismiss the case for refiling has been denied. [Continue reading…]

CBI Global founder Coenraad Botha (69) and wife Charlotte Murove (31) have been charged with sixty-three criminal offenses related to the CBI Global Ponzi scheme.

Following their arrest on Monday the 11th , a defense attorney argued Botha’s and Murove’s arrest was unlawful.

Based on there being no appropriate warrants issued for Botha or Murove, Windhoek Magistrate’s Court magistrate Dawid Mukuyu agreed. [Continue reading…]

Qyral fails to provide clear ownership or executive information on its website.

Founder and CEO Hanieh Sigari is mentioned in Qyral blog posts and a “story” page, but you have to get lucky and stumble across a blog post with that information.

And even then it’s not particularly clear who Sigari is or her role within the company.

Over on Qyral’s YouTube channel Sigari is readily cited, so I’m not sure why this information is withheld on Qyral’s website.

Sigari doesn’t appear to have an MLM history. There are numerous published marketing articles and “interviews” on Sigari, in which most of them Sigari references a healthcare and ecommerce business.

Here’s a typical example from a 2020 puff-piece in Buzz Magazine;

I founded a home healthcare business that enabled dementia and Alzheimer’s patients to retain their independence, while [Sigari’s husband] entered e-commerce logistics.

Both companies thrived — mine enjoyed 600 percent YoY growth and employed hundreds of staff, while his grew to a $20M brand with four international locations.

Despite boasting of previous success, Sigari is careful not to mention any former company names in any of the published marketing material. This is a bit suspicious.

I don’t know what Sigari’s former business was called but the cited ecommerce business is Simple Global.

In Sigari’s husband Darius Banasik’s own words;

I co-founded Simple Global, Inc. in 2012 as an ecommerce fulfillment provider, and over seven years my team and I led its evolution into a vertically integrated, cloud-based global logistics platform, focusing on international expansion and our SaaS platform’s user experience.

We effectively got ecommerce brands to “go global” in 20 minutes!

After Simple Global there was EcomBLVD, an ecommerce middleman platform.

Whatever Sigari’s former healthcare business was, she went on to launch Qyral in 2020. Banasik signed on as Qyral’s Executive Chair.

Update 18th March 2024 – Just a note on Qyral’s launch, Sigari was discussing Qyral in marketing articles dated December 2019. The first Qyral website blog post is dated January 2nd, 2018.

Qyral’s official FaceBook page was created on September 29th, 2019. This is probably around the time Qyral actually launched. /end update

Both Sigari and Qyral are based out of California in the US.

Read on for a full review of Qyral’s MLM opportunity. [Continue reading…]

Following conclusion of their iComTech trial on March 14th, a jury took just three hours to unanimously find David Brend and Gustavo Rodriguez guilty of conspiracy to commit wire fraud. [Continue reading…]

8 Figure Dream Lifestyle defendant Alex Dee has been arraigned.

Following Dee’s arrest on January 10th, Dee finally made his initial appearance on February 20th. [Continue reading…]

Cashflow Investment fails to provide ownership or executive information on its website.

Cashflow Investment has two known website domains:

1. cashflowinvest.org – first registered back in 2022, private registration last updated on February 11th, 2024; and
2. cashflowinvestment.ltd – first registered in May 2023, private registration last updated on February 25th, 2024

In an attempt to appear legitimate, CashFlow Investment provides a corporate address in Estonia on its website.

This appears to be a random residential address in Tallinn. It is unlikely to have anything to do with CashFlow Investment.

CashFlow Investment additionally provided an Estonian shell company in its marketing:

The date of certificate is 2018, meaning it predates CashFlow Investment existing by four years (i.e. the certificate has nothing to do with CashFlow Investment).

On the regulatory front, CashFlow Investment received a securities fraud warning from Australia on February 16th, 2024.

As always, if an 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…]

Plus5 Club fails to provide ownership or executive information on its website.

Plus5 Club’s website domain (“plus5.co.za”), was privately registered on June 21st, 2023.

Despite seeming to have ties to South Africa, for February 2024 SimilarWeb tracked ~319 monthly visits to Plus5 Club’s website. 100% of that traffic is reported to have originated from Japan.

In any event, up until very recently Plus5 Club represented it was based out of South Africa.

The above is from a recently deleted “Privacy Policy” page on Plus5 Club’s website.

Further research reveals official marketing citing Patrick Moon as Plus5 Club’s CEO.

On LinkedIn Moon (full name: Patrick Michael Moon), cites his location as Durban, South Africa.

Corporate records reveal Moon in fact registered Plus5 Club as a company in South Africa in July 2023. Why this is now being covered up is unclear.

Along with Daniel Jack McBride and two other admins, Moon was also behind Power8Biz.

Power8Biz seems to have launched circa 2021. It appears to be a fraudulent investment scheme that pitched investors on daily passive returns:

As always, if an 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…]