Sam Lee’s VidiLook Ponzi scheme has collapsed.

Withdrawals have been disabled pending a baloney exit-scam, which sees Sam Lee sell Vidilook to… himself. [Continue reading…]

SpanoTech Global operates in the cryptocurrency MLM niche.

The company uses stock photos to represent fictional executives on its website:

Below you can see the same stock photo used by a university circa May 2022;

Up until a few days ago, SpanoTech Global operates from the website domain “spanotech.world”. This domain was privately registered on January 27th, 2023.

SpanoTech Global now operates from “spanotechglobal.com”, privately registered on April 18th, 2023.

SpanoTech Global operated from its original domain since March 1st.

No explanation for the sudden switch is provided on SpanoTech Global’s website or social media profiles.

In another attempt to appear legitimate, SpanoTech Global provides a corporate address in California on its website. The address doesn’t exist.

It’s a bit hard to ignore the numerous spelling and grammatical mistakes on SpanoTech Global’s website. This suggests whoever put SpanoTech Global together isn’t a native English speaker.

Further supporting this is the presence of Oromo in SpanoTech Global’s website source-code.

Oromo is a language from Africa, specifically Ethiopia and northern Kenya.

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…]

Youngevity has advised distributors that it will be abandoning its acquired Jamberry Nails, Beneyou and Mialisia nail care and jewelry product lines. [Continue reading…]

The Validus Ponzi scheme has collapsed.

In an April 20th Telegram group post, Validus informed investors that withdrawals have been disabled. [Continue reading…]

Payment processor CoinPayments is still providing financial services to the $4 billion OneCoin Ponzi scheme.

This follows a categorical denial from CoinPayments in June 2022. [Continue reading…]

Yas Casetellum’s Tin Quoc Tran is on the run after learning of a pending CFTC action against him.

Notwithstanding, the regulator believes Tran is aware of the lawsuit and has requested permission to proceed anyway. [Continue reading…]

The Supreme Court of Australia has ordered assets belonging to or under the control of Laurie Suarez be frozen.

The order permits a dollar amount of up to $555,174,472 to be frozen. This figure was reached based on investor claims against Suarez. [Continue reading…]

Less than two months in Sam Lee’s VidiLook Ponzi has slashed returns by 40%.

Through what is being dubbed a “VDL Coin Doubling Plan”, VidiLook has locked existing VDL Coin balances – effectively preventing affiliates from cashing out. [Continue reading…]

Maverick The Collection has announced the closure of their MLM operations.

Founder Stephanie Jonas dropped the news on an April 17th Maverick the Collection FaceBook post. [Continue reading…]

Organo’s mushroom coffee is being promoted as a cure-all for multiple diseases.

These include cancer, cardiovascular disease, diabetes and “most chronic diseases”. [Continue reading…]