Crypto BitClub Ponzi collapses, begs investors for more money

Crypto BitClub launched earlier this year on or around January.

The company was founded by Joe Yagudaev and Ramon Escalera, who last year launched the collapsed Crypto Bit Trade Ponzi scheme.

Crypto BitClub was basically a reload scam, touting a bitcoin mining and trading daily 1% ROI.

Like Crypto Bit Trade, no evidence of mining or trading was ever provided. Nor was Crypto BitClub registered to offer securities in any jurisdiction it operated in.

On the MLM side of things Crypto BitClub offered binary commissions of up to 30%.

Like most MLM cryptocurrency Ponzi schemes, Crypto BitClub stole a bunch of money from investors and then collapsed.

Now the company’s owners are begging for even more money. [Continue reading…]


BitConnect investor “detained, threatened and interrogated by the FBI”

Things are getting serious for BitConnect’s top promoters, as “Crypto Clover” found out upon returning to the US.

Crypto Clover (real name: Calen Powell), promoted BitConnect through his YouTube channel until it collapsed.

How much money Powell stole from BitConnect victims is unclear.¬†Powell refers to himself as a “crypto nomad”, having sold most of his assets in the US earlier this year.

Powell travels across South East Asia, however he still returns to Seattle, Washington from time to time.

Powell’s latest visit home caught the attention of the FBI, suggesting there might be a federal BitConnect “person of interest” watchlist. [Continue reading…]


Activz Review: Cure-all for cancer, leukemia, arthritis and diabetes?

Despite having an “Our Team” section on their website, Activz only provides a photo of their management.

Further research reveals David Brown crediting himself as Chairman and CEO of Activz on his LinkedIn profile.

Brown (right) is also one of the executives featured in the “Our Team” Activz website photo.

As per Brown’s LinkedIn profile, he has MLM executive experience dating back to 1996.

  • President, Natural Balance (1996 – 2000)
  • President/CEO, Metabolife International (2000 – 2003)
  • President/CEO, LifeVantage (2008 – 2013)
  • CEO, Yevo (2014 – 2016)

Brown’s last company, Yevo, launched in 2014 with the aim of marketing dehydrated meals.

In 2016 Yevo shut down due to a “lack of success”. Activz launched in May, 2017.

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


Lyoness reveals only 21% of Cashback World cards used in 2017

One of the common rebuttals we see to Lyoness’ Ponzi scheme is the cashback side of the business.

Originally offered through Lyoness itself, the cashback scheme was rebranded as CashBack World last year.

Following the Gaming Board’s decision to ban and then uphold Lyoness’ ban in Norway, the company has filed a second appeal.

In their second appeal, Lyoness reveals some interesting statistics regarding Cashback World card adoption and use. [Continue reading…]


Charles Scoville enters Traffic Monsoon settlement negotiations with SEC

After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC. [Continue reading…]


DasCoin announces fourth public exchange, fails to gain traction

Despite listing itself on four cryptocurrency exchanges you’ve never heard of, Net Leader’s DasCoin has failed to gain any traction through public trading.

Not surprising when you consider DasCoin exists solely as an investment vehicle for duped Net Leaders affiliates. [Continue reading…]


Redwood Scientific Technologies fail to communicate with FTC

Last we checked in, Redwood Scientific Technologies was facing fines of $5000 a day for non-compliance with an FTC investigation.

Redwood Scientific Technologies is the parent company of the now defunct RengaLife MLM opportunity.

On July 13th the FTC filed a Status Report regarding a database Redwood provided in June.

The FTC allege information crucial to their investigation has been omitted from the database. [Continue reading…]


Xpirient Review: Travel niche recruitment with pseudo compliance retail

Xpirient provide no information on their website about who owns or runs the business.

The Xpirient website domain (“xpirient.com”) was privately registered on September 12th, 2017.

Further research reveals affiliates naming Chris Kent as owner of Xpirient.

On his personal Facebook profile, Kent (right) cites himself as founder of the company.

Why this information is not disclosed on the Xpirient website is unclear.

Prior to founding Xpirient, Kent was an International Marketing Director with WorldVentures.

A residential address in Florida is provided on the Xpirient website.

Furthermore the Xpirient Terms and Conditions names Hillsborough County, Florida as the chosen venue for arbitration.

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


Argyll Technologies Ponzi under criminal investigation in Taiwan

Following non-payment to investors, Taiwan’s Ministry of Justice have opened a criminal investigation into Argyll Technologies. [Continue reading…]


Nui Review: Cryptocurrency token investment with pseudo-compliance

Nui has its origins in Divvee, a failed “access to discounts” MLM opportunity that launched in mid 2016.

When Divvee’s original model failed, the company rebooted as a mobile app promotion platform.

That also failed, prompting Divvee’s descent into unregistered securities.

In late 2017 Divvee merged with Hodo Global. The merger created Nui, which focused on cryptocurrency related unregistered securities.

On July 11th the Texas Securities Board issued Nui and associated companies with a securities fraud cease and desist.

Nui has vowed to challenge the notice, however at the time of publication that’s still playing out.

In the meantime Nui has “restructured” and is heavily pushing pseudo-compliance.

Today we publish an updated Nui review and see where the company is at. [Continue reading…]