Kuvera Global’s Capital City Markets missing funds scam continues

Last year Kuvera Global was soliciting investment into the Ryze AI trading bot. The company’s broker of choice was Capital City Markets.

Almost a year on from the CFTC clamping down on Investview, Kuvera Global’s parent company, affiliate investors still have funds tied up in Capital City Markets. [Continue reading…]

RB Global Crypto Bank implements hard ROI withdrawal limits

Evidently the RB Global Crypto Bank RBGC exit-scam isn’t liquidating ROI liabilities fast enough, prompting Laurie Suarez to implement hard withdrawal limits. [Continue reading…]

Young Living pyramid cult RICO class-action filed in Texas

A new class-action filed in Texas accuses Young Living of operating as an illegal pyramid scheme cult.

The lawsuit, filed by Julie O’Shaughnessy, also claims Young Living is a front for “selling essential oils for quasi-medicinal purposes”. [Continue reading…]

30 Day Success Formula Review: Two-tier cash gifting mail fraud

The 30 Day Success Formula provides no information about who owns or runs the business.

The 30 Day Success Formula website domain (“30daysuccessformula.com”) was privately registered on May 20th, 2017.

Despite the age of the domain, 30 Day Success Formula itself only recently relaunched.

Looking at archived copies of the 30 Day Success Formula website, it seems the company has adjusted entry costs over the past two years.

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…]

Why TelexFree victim distribution payments are taking so long

There’s probably no group more salty in MLM  right now than TelexFree victims with approved claims.

The TelexFree claim portal went live back in mid 2016. Almost three years later, not one distribution payment has been made.

Now, a Status Report filed by the Trustee on April 12th, provides insight into why. [Continue reading…]

Tonga issues WorldVentures pyramid scheme warning

The National Reserve Bank of Tonga has issued a warning against participation in WorldVentures. [Continue reading…]

Pure Review: Genesis Pure survives Lindsey Duncan

Pure began as Genesis Pure, an MLM company launched in 2009.

Heading up Genesis Pure was CEO and Chairman Lindsey Duncan, until the FTC went after Duncan for fraud in 2014.

In the wake of the FTC’s lawsuit, Genesis Pure scrubbed any mention of Duncan from their website.

Duncan settled the FTC’s allegations for $9 million in January, 2015.

I’m not exactly sure when Genesis Pure was renamed Pure. but the first Pure branded video appeared on their company’s YouTube channel on June 23rd, 2017.

Today Pure is headed up by Daren Hogge.

Hogge first appeared on BehindMLM in June 2016, as founder, President and CEO of Q Sciences.

In August 2018 we published an updated Q Sciences review, noting Hogge was nowhere to be found.

There’s no mention of Darren Hogge and whether he’s still involved with Q Sciences is unclear.

I did try to research if he’d left and why but turned up nothing.

Further research reveals Hogge was appointed CEO of Pure in December, 2016.

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

AloeVeritas selling expired product from Germany?

AloeVeritas appear to be selling expired Drink Gel product in the US, dating as far back as July 2017. [Continue reading…]

LEO a Ponzi scheme in Pakistan, SEC shuts down shell company

A few weeks back I came across news that the Pakistan SEC had shut down ‘at least nine companies dealing in cryptocurrencies and offering Ponzi/MLM, referral marketing, pyramid business/schemes‘.

Although this was MLM related news, I didn’t recognize any of the company names and so left it at that.

A reader has now informed me that one of the companies the SEC shut down was Dan Andersson’s LEO. [Continue reading…]

Global Game Arena collapses, admins pull compliance exit-scam

The Global Game Arena Ponzi scheme has collapsed.

Rather than admit they’ve run out of money though, GGA’s admins are blaming affiliate investors.

As if blaming investors (most of whom are victims) wasn’t bad enough, GGA is hiding its collapse behind imaginary compliance. [Continue reading…]