Magellan International Alliances Review: BetChips now e-commerce

Magellan International Alliances operate in the cryptocurrency MLM niche.

A corporate address in Ireland is provided on the Magellan International Alliances website, however further research reveals the address actually belongs to Company Formations International.

Company Formations International provide incorporation services in Ireland. Thus it appears Magellan International Alliances has no actual physical operations in the country.

In early August Jef Welch was appointed CEO of Magellan International Alliances.

According to his Facebook profile, Welch is based out of Georgia in the US. This is also presumably where Magellan International Alliances is being operated from.

On the Magellan International Alliances website Welch (right) states;

I have served in the Direct Sales industry for approximately 40 years in management, establishing international teams, and traveling to almost 70 countries, with respect of the many various cultures around the world.

I chose to align my name and reputation with Magellan, due to the integrity and vision expounded by the Strategic Partnership Alliance.

Welch was recently tied to CGI Limited, through a US bank account seemingly being used to launder funds tied to investment in unregistered securities through.

Back in March Ted Nuyten’s BusinessForHome cited Welch as a “top leader” in CGI Limited.

That same article cites Edward Reyes and Esteban Robles as co-founders of CGI Limited.

BehindMLM’s CGI Limited review revealed the company planned to offer crypto gambling services in the US through its BetChip altcoin and Coinsinos casino.

At the time CGI Limited claimed in additional to Coinsinos, that BetChip was accepted “by a number of casinos”.

This is illegal in the US as per the Unlawful Internet Gambling Enforcement Act.

That was back in April and since then CGI Limited has renamed itself CGI Global and abandoned Coinsinos.

Magellan International Alliances surfaced a few weeks ago, and appears to be the new vehicle CGI Global’s BetChip altcoin will be marketed through.

Read on for a full review of the Magellan International Alliances compensation plan. [Continue reading…]


Q Sciences Review 2.0: Simpler comp plan with strong autoship focus

BehindMLM first reviewed Q Sciences just over two years ago in 2016.

A reader recently reached out to us with the news that since then, Q Sciences have updated their compensation plan.

The new plan is believed to have come into effect earlier this year.

After looking at Q Sciences’ new compensation plan, it appeared different enough to warrant an updated review.

Today we take a look at Q Sciences’ new compensation plan and see where the company is at. [Continue reading…]


iCenter caught out in Genesis Mining partnership lie

iCenter are claiming on their website that Genesis Mining is an “unofficial partner”.

Putting aside what that even means for just a moment, Genesis Mining have responded by confirming “no partnership” exists. [Continue reading…]


Luvv Review: Love as an MLM product?

Luvv provides no information on their website about who owns or runs the business.

The Luvv website does feature a marketing video, however the speaker of the video is not identified.

Further research reveals the speaker is Jeff Long, who in another Luvv marketing video credits himself as creator and co-founder of the company. The other Luvv co-founder(s) are not disclosed.

Jeff Long (right) first appeared on BehindMLM’s radar as the founder of AutoXTen, a recruitment scheme launched in 2011.

AutoXTen collapsed a few months after launch, with Long going to launch SMS Dailies. It too didn’t last long.

Long resurfaced in late 2015 with Get Paid Social, a Facebook spam pyramid scheme.

Get Paid Social went into decline throughout 2016, prompting Long to launch 1 Online Business in mid 2017.

1 Online Business combined a cycler Ponzi business model with social media spam. Alexa traffic estimates for the 1 Online Business show a brief hype period followed by a collapse leading into 2018.

Long launched and began promoting Luvv around April, 2018.

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


David Wood found in contempt in WorldVentures’ Texas case

Following WorldVentures’ filing of a contempt motion on July 27th, David Wood has been found in contempt of court.

The August 8th case docket states that WorldVentures’ attorneys attended the hearing. David Wood failed to make an appearance. [Continue reading…]


MOBE processor QualPay ordered to return $6.3 million in stolen funds

A request from Qualpay to keep $6.3 million stolen from MOBE victims has been denied.

The TRO in place against MOBE requires all funds related to the fraudulent business be turned over.

Rather than hand over the $6.3 million it processed for MOBE, Qualpay instead sought an exemption from the TRO.

The processor argued that should be required to return the funds, it faced “imminent insolvency”.

Qualpay used Synovus Bank to hold the funds, who separately also filed for an exemption from the TRO.

Both Qualpay and Synovus’ respective motions were heard on July, with a decision denying both motions made earlier today. [Continue reading…]


Five Winds & AGAM criminal investigations continue

Authorities in Russia and Kazakhstan are continuing to investigate the fallout of the collapsed Five Winds and Atlantic Global Asset Management Ponzi schemes. [Continue reading…]


Digital Altitude discovery contains “glaring omissions and inadequacies”

As of a Status Report filed by the FTC on August 7th, discovery provided by Digital Altitude, Michael Force and Mary Dee is riddled with “glaring omissions and inadequacies.” [Continue reading…]


Hodl Game Review: Nine-tier cryptocurrency Ponzi cycler

Hodl Game provides no information on its website about who owns or runs the business.

The Hodl Game website domain (“hodlgame.net”) was privately registered on July 13th, 2018.

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…]


AxeMediaTV Review: $39 a month pirated streams + recruitment

AxeMediaTV provides no information on their website about who owns or runs the business.

The AxeMediaTV website domain (“axemedia.tv”) was privately registered on May 3rd, 2018.

In their Privacy Policy and Terms of Service, AxeMediaTV provide a virtual office address in Las Vega, Nevada.

 

Update 13th August 2018 – Anthony Oxley is citing himself as CEO of AxeMediaTV on his LinkedIn profile;

As per his profile, Oxley is also CEO of Vicinity Ascent, a “modern, responsive real estate IDX & web solutions provider.”

Why this information isn’t provided on the AxeMediaTV website is unclear /end update

 

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…]