M3ta Moguls fails to provide ownership or executive information on its website.

M3ta Moguls’ website domain (“me3tamoguls.com”), was privately registered on March 28th, 2022.

Further research reveals a July 2023 M3ta Moguls’ press-release, on which “William Coyle” is credited as CEO.

The press-release represents it was issued from Costa Rica:

Because of this, I believe “William Cycle” corresponds to William Coyle Jr.

Coyle’s LinkedIn profile places him in Quebec, Canada. If you look at his profile experience however, you’ll find Crypto Mutual Capital Trust and Costa Rica.

Crypto Mutual Capital Trust is a crypto Ponzi scheme that pitched 1% a day through the staking model.

Crypto Mutual Capital’s website is gone so presumably the scam, of which Coyle was co-founder and CEO, has collapsed.

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…]

Vicion Group operates in the cryptocurrency MLM niche.

The company represents it is based out of California, Las Vegas and Texas in the US.

In Mexico Vicion Group claims to be based out Xalapa in Veracruz.

Heading up Vicion Group are co-founders and co-CEOs Rolando Limon and Gabriel Garcia.

Vicion Group credits Rolando Limon with “12 years of network marketing experience”.

This is a red flag because, as far as I can tell, Limon has no credible digital footprint.

There is one “Rolando R Limon” FaceBook account, but it’s empty except for a November 2018 profile photo change. Note this same photo is used on Vicion Group’s website.

Vicion Group cites Gabriel Garcia as having “10 years of experience in MLM business and leadership”.

Further research into Garcia confirms Limon is an actual person:

MLM companies Garcia promoted prior to Vicion Group include Organo Gold (now Organo) and Appi Travels.

Appi Travels was a Ponzi scheme run by Danny Gauthier. The third iteration of the scam collapsed in July 2022.

Vicion Group operates from two website domains; “viciongroup.com” and “viciongroup.net”, both privately registered on January 5th, 2022.

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

Legal Punk presents itself as an MLM focused spinoff of the German law firm SBS Law.

Instead of just being upfront about that, SBS Law is presented as a “partner” on Legal Punk’s website.

Cited as co-founders of Legal Punk on its website are Andre Schenk, Andrais Hamori and Dirk Ulaszewski.

Andre Schenk is one half of SBS Law, the other being Stephan Schulenberg.

The disgraced legal duo are behind the defunct notorious law firm Schulenberg & Schenk.

Schenk and Schulenberg are best known for rubber-stamping OneCoin’s fraudulent business model in 2015.

The overall assessment of the different components of the OneCoin distribution system results in the fact, that the OneCoin distribution system is, in our opinion, a lawful system and not a progressive one (pyramid scheme).

OneCoin would go on to defraud consumers of over $4 billion dollars. It is the largest MLM Ponzi scheme ever to date.

Schulenberg also acted as OneCoin founder Ruja Ignatova’s personal lawyer in Germany.

Ignatova remains at large. She was placed on the FBI’s top 10 most wanted list in July 2022.

In addition to representing Ignatova, Schulenberg has also represented OneCoin executives and promoters in Germany.

To the detriment of their victims, in 2020 Schulenberg managed to get two such OneCoin promoters acquitted.

In 2021, Schulenberg and Schenk made an appearance as Frank Ricketts’ lawyer in an ongoing OneCoin money laundering case. Ricketts has since obtained different counsel.

Andre Schenk is no better than Schulenberg. In 2016 Schenk appeared in a Schulenberg and Schenk YouTube video defending OneCoin.

Although Schulenberg denies it, the law firm Schulenberg and Schenk effectively rebranded as SBS Legal in January 2020.

This is believed to have been an attempt to distance the firm from OneCoin.

Possibly due to language-barriers, I was unable to to put together an independent MLM history for either Andras Hamori or Dirk Ulaszewski.

Update 30th August 2023 – BehindMLM reader Melanie has discovered Dirk Ulaszewski is founder of GranVital.

On its website, GranVital pitches itself as “a Spanish company with German roots in the area of ​​lifestyle and health, which preferably operates in Europe through direct sales.” /end update

On Legal Punk’s website, Hamori is cited as “a computer scientist, former high school teacher” and

founde(r of) an advertising agency in the late 1990s, which became a market leader in direct mail and direct mail in several European countries.

Dirk Ulaszewski is cited as a former Olympian and Herbalife and NuSkin executive, who

worked for many years in the sports business as well as in direct sales. He started his career in the 1990s at IBM, where his affinity for IT stems from.

Despite Legal Punk and SBS Law being based out of Germany, Legal Punk provides a corporate address in Las Palmas, Spain on its website.

This appears to correspond with a Spanish shell company;

The following general terms and conditions form the contractual rules for the services to be provided in accordance with this contract between LegalPunk International SL, vddGF Mr. Dirk Ulaszewski, Avenida de Valencia 24, GC-35250 Ingenio, Las Palmas, Spain (hereinafter: Legalpunk).

Legal Punk’s website presents in German and is very clearly aimed at German-speaking clientele.

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

COS (aka Cosetek and CosCoin), fails to provide ownership or executive information on its website.

COS’ website domain (“cosetek.com”), was first registered in 2017. The private registration was last updated on July 22nd, 2023.

This appears to be around the time the current owner(s) took possession of the domain.

If we look at COS’ website support portal, we can see the source-code pulling Meiqia software from Baidu.

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running COS has ties to China.

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…]

Ed Zimbardi’s Amsys Ponzi scheme has collapsed.

In a communication sent out yesterday, Zimbardi Amsys announced withdrawals have been “paused”. [Continue reading…]

A fifth robocall fraud lawsuit has been filed against Family First Life.

Plaintiff Robert Salomon filed suit against FFL in Connecticut on March 20th. [Continue reading…]

Nixinfinity operates in the cryptocurrency MLM niche.

The company presents a cast of executives on its website:

None of Nixinfinity’s executives exist outside of its own marketing material. That’s because they’re played by actors.

Nixinfinity CEO “Matt David” is played by Moscow-based actor Vladislav Igorevich Rylev.

Rylev’s actor portrait leaves room for doubt, so here’s a bio featuring a photo with more similar facial hair:

Rylev posing as Nixinfinity’s Boris CEO confirms Russians are behind the scheme.

Nixinfinity’s website domain (“nixinfinity.com”), was privately registered on August 2nd, 2023.

In an attempt to appear legitimate, Nixinfinity provides an incorporation certificate for Nixinfinity – AI LTD on its website.

Nixinfinity – AI LTD was registered in the UK in May 2017. Given Nixinfinity is only a few weeks old, this appears to be misappropriation of an unrelated existing shell company.

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…]

Atomixa fails to provide credible ownership or executive information on its website.

Atomixa does provide executive information for a “core team”, but these are fictional identities represented by stock photos:

Atomixa’s website domain (“atomixa.cc”), was registered with bogus details on July 28th, 2023.

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…]

The Catly Ponzi scheme has collapsed.

In an announcement made a few hours ago, Catly informed investors it had disabled withdrawals. [Continue reading…]

Arbitrage Traded Funds fails to provide ownership or executive information on its website.

Arbitrage Traded Funds’ website domain (“arbitragetradedfunds.com”), was privately registered on June 23rd, 2023.

Of note is Arbitrage Traded Funds’ marketing videos being robo-dubbed. This is typical of non-native English speaking admins.

One name we can attach to Arbitrage Traded Funds is “Umer Zeb”.

Zeb put together Arbitrage Traded Funds’ official marketing documentation:

I don’t have anything much beyond that, apart from noting “Umer” is an Arabic name. While by no means definitive, a general search on the name returned a lot of results from Pakistan.

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…]