Color Street has announced compensation plan changes, restricting commissions to just one level of recruitment.

In doing so, Color Street just barely continues to meet the definition of an MLM company.

Another significant change announced is, at some point in the future, Color Street will also be directly competing against its MLM Consultants. [Continue reading…]

Innov8tive Nutrition has filed for Chapter 11 bankruptcy.

In a January 31st petition filing Innov8tive Nutrition disclosed it had between $100,001 to $500,000 in assets but also the same range in liabilities. [Continue reading…]

ZSuite Global fails to provide ownership or executive information on its website.

ZSuite Global’s website domain (“zsuitepay.net”), was privately registered on June 2nd, 2024.

ZSuite Global launched as Yereq Geo Energy, or YGE International in early 2023.

Yereq Geo Energy was an energy-saving themed MLM pyramid Ponzi combo opp.

The pyramid side of Yereq Geo Energy saw affiliates purchase various energy saving devices with commissions paid on each sale.

The Ponzi side of Yereq Geo Energy saw affiliates invest $99 a month or $997 annually on the promise of shares and tokens:

Not too sure what the tokens were (failed crypto launch?), but the shares corresponded to a passive return paid out of 5% of company-wide investment.

Pretty poor for your typical MLM Ponzi but a Ponzi nonetheless.

Towards the end of 2023 the original YGE Energy pyramid Ponzi had collapsed. This promoted a “Zenyge” reboot in December 2023.

Zengye was more of the same pyramid Ponzi YGE International offered (click to enlarge)…

…but with a heavier focus on cryptocurrency.

In February 2024 ZSuite emerged as an AI grift within Zengye’s crypto offerings:

By March 2024 Zengye had collapsed again and been rebooted as ZSuite Global.

Yereq Geo Energy, Zenyge and ZSuite Global are run by John Wesley Rustin and Cynthia Rustin (aka Cynthia Ocariza Altman).

As per various social media profiles, the Rustins have ties to Hawaii, Nevada and California.

Prior to launching YGE International, the Rustins were running CJCLive Media.

CJCLive Media was a (non-MLM?) crypto pump and dump scam. On July 30th 2020, California’s DFPI issued CJCLive and the Rustins with a securities fraud desist and refrain order.

In the order DFPI summed up CJCLive’s business model as follows:

Rustin and Altman represented CJCLive as an online media company promising to pay users to upload videos onto its online platform.

The company supposedly partnered with a cryptocurrency company to create a cryptocurrency token for exclusive use on the CJCLive platform.

The company also sold streaming devices that allowed users to watch online video content.

Beginning at least as early as March 2019, CJCLive, Rustin, and Altman offered or sold securities in the form of stock as well as “Authorized Retailer” (“AR”) units – investment contracts – in California to at least 114 investors, at least 28 of which were California residents.

CJCLive’s “AR units” cost $3500 and were attached to shares (sound familiar?).

In connection with the offer or sale of these securities in this state, CJCLive, Rustin, and Altman made the following untrue statements of material facts:

a. That CJCLive would place 20% of the company’s monthly advertising revenue into the “20% Pool” that would be split among the investors. Each AR unit would be entitled to an equal share of the 20% Pool.

b. That CJCLive’s system had created over 100 cryptocurrency millionaires.

c. That an advertising sales target of $10 million would be easy for CJCLive to achieve.

d. That if CJCLive earned $10 million in advertising sales, an investor that owned five AR units could expect to make $10,000.00 in passive income per month.

e. That CJCLive would pay investors a $700.00 commission for each new investor they referred.

f. That $1 billion dollars in advertising sales was a realistic projection for CJCLive, and that for each five AR units owned, and investor could expect to earn $1 million in passive income per month.

g. That investors would be paid back tenfold on their investment.

h. That once CJCLive sold 1,000 AR units, every AR unit owner would be issued stock in CJCLive LLC

Of course none of that happened and, in violation of federal and state securities law, CJCLive investors were left bagholding worthless unregistered shares.

Pursuant to Corporations Code section 25532, CJCLive Media, LLC, John Wesley Rustin, Jr., and Cynthia Ocariza Altman are hereby ordered to desist and refrain from offering or selling or buying or offering to buy any security in California.

DFPI’s order also notes that, prior to his CJCLive scamming, Rustin was pinged for securities fraud by Arkansas back in 2009.

In connection with the offer or sale of these securities in this state, CJCLive, Rustin, and Altman also failed to disclose that the Arkansas Securities Department issued a cease and desist order against Rustin on June 9, 2009, finding that Rustin committed securities fraud and had offered and or sold unregistered securities.

Rustin’s 2009 Arkansas securities fraud cease and desist order pertains to Global E Network, Femey International, Femey Lifestyles and Shea Global Xchange.

The above entities were part of a “multilevel marketing business”, through which Rustin solicited $5000 investments on the promise of passive 10% annual returns.

Founders would make money in downline sales of distributors making retail sales of these products, but he also guaranteed them 10% on their investment per annum.

Of course this was all baloney and

by late October 2006, Rustin informed the investors that the investment … had not worked out.

At that point, Rustin informed the investors that the company’s name had changed to Shea Global Xchange (SBX).

SBX went on to collapse a few months later in February 2007.

In what appears to be an effort to mask it being run from within the US, ZSuite Global provides company registration details for Yereq Geo Energy LTD on its website.

Yereq Geo Energy LTD was registered in the UK through a PO Box in May 2023. John Rustin is the sole director of the company.

Yereq Geo Energy LTD was involuntarily dissolved via compulsory strike-off on December 24th, 2024.

Yereq Geo Energy LTD being dissolved is not reflected on ZSuite Global’s website.

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…]

Axi fails to provide ownership or executive information on its website.

Axi’s website domain (“m.bsxiikax.com”), was privately registered on October 18th, 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…]

Sebastian Greenwood and Mark Scott have lost their respective OneCoin criminal sentencing appeals. [Continue reading…]

Two OmegaPro victims have received partially suspended prison sentences in France. [Continue reading…]

Mavie Global’s FinUp spinoff has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per the CNMV’s January 13th FinUp warning; [Continue reading…]

Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

A per the CNMV’s January 13th, 2025 warning; [Continue reading…]

Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator.

In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC.

As per Bafin’s January 22nd, 2025 warning; [Continue reading…]

Skainet Systems’ drawn out collapse continues.

Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment.

As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance. [Continue reading…]