Youngevity delisted from NASDAQ over filing irregularities

Youngevity, a publicly traded MLM company under the stock code YGYI, has been delisted by The Nasdaq Stock Market.

The decision follows a hearing by NASDAQ, finding that Youngevity failed to comply with filing requirements. [Continue reading…]


Farmasi Review: $250 forced “not a pharmacy” product orders

Farmasi launched in the US in 2019, however the company’s roots date back to the 1950s.

Farmasi’s founder, Dr. C. Tuna, launched a pharmaceutical company on or around 1950.

At some point Tuna switched to cosmetics, with Farmasi launched as an MLM company in Turkey in 2010.

Dr. C. Tuna passed away in 2017. As of September 2020, Sinan Tuna (right) was appointed CEO of Farmasi in North America.

As per a September 22nd press-release;

Tuna has gained expertise working in various departments at Farmasi where he has been a Board member since 2019.

Sinan Tuna’s grandfather, the late Dr. Cevdet Tuna, was the founder of one of the Republic of Turkey’s first pharmacies.

Sinan continues his grandfather’s legacy as the third generation to lead the Farmasi business.

No executive details for Farmasi Turkey are provided on the company’s English-language website.

In addition to the US, Farmasi claims to operate its MLM opportunity in twenty-four countries.

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


Uhuru Tribe Ponzi collapses, rebooted as CBI Global

The Uhuru Tribe Ponzi scheme has collapsed, prompting owner Coenraad “Coenie” Botha to reboot the scam as CBI Global. [Continue reading…]


We Share Abundance shifts to only paying out recruiters

We Share Abundance’s withdrawal issues continue, with the latest restriction seeing only those who recruit new investors able to withdraw. [Continue reading…]



BitConnect’s John Bigatton criminally charged in Australia

The Australian Securities and Investments Commission has filed criminal charges against John Louis Anthony Bigatton.

Bigatton served as an Australian Director of the infamous BitConnect Ponzi scheme. [Continue reading…]


Youngevity’s Wakaya Perfection lawsuit settled

Youngevity’s long-running dispute against Wakaya Perfection and several individual defendants, has come to an end.

On November 10th a settlement conference was held, revealing agreements had been reached by all parties involved. [Continue reading…]


CashFX Group securities fraud warning issued in Norway

Norway’s Financial Supervisory Authority (Finanstilsynet) has issued a securities fraud warning against the CashFX Group Ponzi scheme. [Continue reading…]



Mirollex Review: Up to 6.8% a day Ponzi scheme

Mirollex provides passive investment plans and is supposedly headed up by CEO Andreas Kral.

Kral is played by this actor, and exists only in Mirollex’s staged marketing videos:

Kral has a distinct eastern European accent, which is typical of a Boris CEO.

Another video features a “trade account manager” who, if you follow his eyes, is clearly reading off a script.

Another individual that features in multiple Mirollex videos is “Remmao Alafif”:

Again, nothing comes up for Alafif outside of Mirollex (bonus cringe video).

In an attempt to appear legitimate, Mirollex provides a Saint Vincent and the Grenadines incorporation certificate on its website.

Saint Vincent and the Grenadines is a scam-friendly jurisdiction with little to no regulation. For the purpose of MLM due-diligence, incorporation of a shell company in Saint Vincent and the Grenadines is meaningless.

Mirollex’s official private Facebook group is run by two dummy admin accounts.

Mirollex’s website domain was privately registered on August 3rd, 2020.

At the time of publication, Alexa ranks the Ukraine as the only notable source of traffic to Mirollex’s website. This ties in with Mirollex’s use of actors with eastern European accents.

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


Adasa Group Review: 1% a day trading bot BTC Ponzi

Adasa Group provides no information on its website about who owns or runs the company.

In fact as I write this, Adasa Group’s website is nothing more than an affiliate login page:

Adasa Group’s official marketing material cites “Elizabet” as CEO of the company:

No information, not even a last name, is provided.

Elizabet has appeared in at least one Adasa Group marketing video:

Beyond that, who she is and what her MLM history is, if any, is unclear.

Elizabet speaks Spanish and Adasa Group’s website defaults to Spanish. Alexa currently ranks Mexico (56%), Peru (27%) and Uruguay (10%), as the top sources of traffic to Adasa Group’s website.

Given Spanish is the official language of all three countries, it should be obvious Adasa Group is likely being run out of Mexico, Peru and/or Uruguay.

Adasa Group’s website domain (“adasagroup.net”) was privately registered on March 21st, 2020.

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…]


WorldVentures confirms Seacret Direct acquisition

After months of not paying affiliates and keeping them in the dark, WorldVentures has finally confirmed it is merging with Seacret Direct. [Continue reading…]