QNet spinoff Serfa Marketing shut down, owner arrested

Authorities in India have shut down Serfa Marketing Private Limited, a QNet spinoff launched by former affiliate Baki Srinivas Reddy. [Continue reading…]

Trunited Review: Pay to play ecommerce cashback platform

Trunited operates in the ecommerce, personal care and nutritional supplement MLM niches.

On its website Trunited provides a virtual office address in the US state of Arizona.

Heading up Trunited is founder Nicolas Porter (right).

In addition to Trunited, Porter also owns the dental practice Risas Dental.

Risas Dental was founded in 2011. Trunited was founded in 2016.

As far as I can tell Trunited is Porter’s first venture as an MLM executive.

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

Nerium’s Dennis Windsor counterclaims settled with injunction

Counterclaims filed by Nerium against co-founder Dennis Windsor have been settled via an agreed injunction. [Continue reading…]

Neora false advertising lawsuit dismissed

Nerium Biotech has withdrawn its false advertising lawsuit against Neora. [Continue reading…]

United Capital Investments Review: 10,000% ROI in 40 weeks?

United Capital Investments operates in the MLM cryptocurrency niche. The company fails to provide contact details on its website.

Listed as CEO of the company is Antoun Toubia.

No information about Toubia is provided on United Capital Investments’ website. His Pinterest profile suggests he’s based out of the UK.

Persual of Toubia’s LinkedIn profile reveals he’s knee-deep in cryptocurrency, primarily via advisory roles to various projects.

As per Toubia’s LinkedIn profile bio;

As a knowledgeable and dedicated investment services professional with a Middle Eastern background, Antoun Toubia is founder and Chief Executive Officer at UCI, a private equity company launched in 2008.

In addition to his unique insights, Antoun has extensive experience in private trading and equity investment, venture capital, hedge funds, blockchain technology and crypto-currencies.

I wasn’t able to independently verify any of that.

What I was able to verify is that United Capital Investments’ website domain was first registered in March 2016.

The incomplete address used to register the domain is in Charlestown, Nevis.

Nevis is a scam-friendly jurisdiction with little to no regulation.

There is no legitimate reason for an MLM company to incorporate itself there (note there is no evidence of United Capital Investment having incorporated in Nevis).

As far as I can tell, Antoun Toubia does not have an MLM history.

Read on for a full review of United Capital Investments’ MLM opportunity. [Continue reading…]

Class-action filing alleges BitConnect defendants on run from law

A Status Report filed in the BitConnect class-action alleges a number of defendants are hiding from the law. [Continue reading…]

OneCoin promoter dumped from Slovenian blockchain event

The Faculty of Commercial and Business Sciences (FKPV) is a college in Celje, Slovenia.

FKPV is currently gearing up to hold a three-day “blockchain summer school” event starting September 17th.

As per FKPV’s promotional material for the event;

Don’t miss great lecturers, work in the sections on cryptocurrencies and ICOs, and smart contracts and technology.

Expect insights into the creation of blockchain business models and global trends.

We will select domestic and foreign experts. We will look into more examples in more detail and start creating business models.

Get a seat and fill out an application today.

In late August FKPV published a list of lecturers appearing at the event, among which was Polona Ajdic.

Ajdic is a prominent Slovenian OneCoin promoter. [Continue reading…]

Details of Matt Lloyd’s MOBE settlement + updates

Following “lengthy negotiations” between Matt Lloyd McPhee and the MOBE Receiver, a settlement was reached a few months back.

In a September 6th court filing, the Receiver has now revealed details of the proposed settlement. [Continue reading…]

Traffic Monsoon Receiver granted flat sale assistance motion

The Traffic Monsoon Receiver’s assistance motion has been granted.

The motion, made pursuant to the Hague Convention, seeks information in relation to the sale of a flat in Manchester, UK. [Continue reading…]

Prosecutors file WorldVentures pyramid scheme charges in Taiwan

Prosecutors in Taiwan have filed criminal charges against WorldVentures’ owners, alleging the company operates as a “classic pyramid scheme”.

Prosecutors have filed charges against Kenneth Edward Head (aka Eddie Head) and Jonathon Starks McKillip. [Continue reading…]