L.NE Review: Reneweable energy themed “click a button” Ponzi
L.NE fails to provide ownership or executive information on its website.
L.NE directs its MLM opportunity to South Africa, both through offered puff-piece news articles and use of the South African rand (ZAR).
L.NE’s website domain (“bcok.club”), was privately registered on November 25th, 2022.
L.NE operates its MLM opportunity through an app. L.NE’s app is provided on the domain “downele.club”, which is linked from L.NE’s homepage.
“Downele.club” was privately registered on December 1st, 2022. Through its source-code, we can confirm Chinese scammers are behind L.NE:
There’s also this odd line in L.NE’s Privacy Policy;
If you have violated relevant Chinese laws and regulations or this application service agreement or related rules, you need to disclose it to a third party.
Another point of interest is L.NE coordinating its MLM opportunity through the Telegram group “Photovoltaic7”
Telegram is a communication platform synonymous with fraud.
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…]
Awakend Zenith patent trial pushed back to November 2023
The Awakend Zenith patent dispute was set to be decided at trial on March 28th, 2023.
Following a stipulation filed on January 2nd, a new November 2023 trial date has been set. [Continue reading…]
Dashing Diva cans Diva Life MLM opp a month after launch
In December 2022 Dashing Diva launched “The Diva Life” MLM opportunity.
In January 2023 Dashing Diva announced it had decided “to no longer move forward with The Diva Life program”.
Here’s what happened. [Continue reading…]
Indian authorities freeze $11 million tied to QNet
Indian authorities have frozen $11 million dollars they allege is part of a money laundering racket tied to QNet. [Continue reading…]
MBI International’s Tedy Teow to be extradited to China
Tedy Teow, founder of the MBI International Ponzi scheme, is set to be extradited to China. [Continue reading…]
The Body Shop closes MLM opportunity in US (again)
The Body Shop has opted to shut down its MLM operation sin the US.
As per an email sent out to distributors last week; [Continue reading…]
Generation Zoe victims sue Ponzi promoters in the US
Sixteen Generation Zoe victims have filed a civil lawsuit against Generation Zoe and three US-based promoters.
Zoe Global University is/was a Generation Zoe Florida shell company, run by Florida based defendants Pablo, Matias and Agustin Monteleone. [Continue reading…]
Second CashFX Group securities fraud warning from Portugal
Financial regulators in Portugal have issued a second CashFX Group securities fraud warning.
As per a January 17th warning from the Comissão do Mercado de Valores Mobiliários (CNVM); [Continue reading…]
EminiFX Receiver authorized to sell 3680 BTC
The EminiFX Receiver has secured court-approval to sell off 3680 BTC.
The vast majority of the bitcoin (3658 BTC), was recovered from CoinPayments in November. [Continue reading…]
James Ward settles JetCoin Ponzi fraud with CFTC
March 2022 saw JetCoin scammers Dwayne Golden, Mardy Eger and Gregory Aggesen arrested.
The trio were indicted on criminal charges related to their operation of the JetCoin Ponzi scheme. Simultaneously, the CFTC also filed paralell civil fraud charges.
What I didn’t know up until today was the CFTC also investigated accomplice James Ward. [Continue reading…]
