Trump’s government shutdown stalls Digital Altitude settlements

As it stands the FTC is currently reviewing four settlements in the Digital Altitude case.

The closest of the settlement review deadlines is Michael Force on January 2nd. That is by January 2nd, the FTC was scheduled to have made a decision on the agency’s proposed settlement with Force.

Unfortunately last month Donald Trump decided to shut down the US government.

Owing to the FTC running out of money, it seems all four Digital Altitude settlement decisions will be delayed. [Continue reading…]


Wakaya Perfection sued for $250,000 securities fraud

A lawsuit filed back in October alleges that behind Wakaya Perfection’s MLM opportunity, there’s secret

monetary investment opportunities for individuals with a promise of a return on their investment.

This is a problem, because Wakaya Perfection aren’t registered to offer securities in the US. [Continue reading…]


Ariix counterclaim alleges WorldVentures in severe downward spiral

In response to a lawsuit filed against them by WorldVentures, Ariix has come out swinging.

The company has brought to the court’s attention WorldVentures’ pyramid scheme ban in Norway and tax evasion investigations in South Africa, Cyprus, China and Taiwan.

Ariix claims that WorldVentures is currently experiencing a “myriad legal and financial difficulties” and ongoing “serious cash crunch” that has resulted in commissions going unpaid.

All of this has resulted in a “serious business decline” and “global loss of confidence” in the company, which Ariix attributes to WorldVentures’ “own operational failures”. [Continue reading…]


Infinity Loops Review: Bitcoin adcredit Ponzi cycler

Infinity Loops provides no information on their website about who owns or runs the company.

The Infinity Loops website domain (“theinfinityloops.com”) was privately registered on November 2nd, 2018.

A marketing video on the Infinity Loops website is hosted on a YouTube channel bearing the name “Johnny Krypto”.

Other videos on the channel suggest the channel is owned by Johnny Ganoza.

Under the alias “Johnny Gan”, Ganoza (right) is also an admin of the official Infinity Loops Facebook group.

About a year ago Ganoza launched Xtreme Pro System 2.0, a reboot of his 2014 Xtreme Pro System Ponzi launch.

Like the original, Xtreme Pro System 2.0 collapsed a few months after launch.

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


Hedger Tech Review: Hedger insurance coin?

Hedger Tech operates in the cryptocurrency MLM niche. Other than an email address, the company provides no contact information.

Hedger Tech don’t provide management details on their website, but their whitepaper cites Leo Bathan as Chairman and CEO.

Bathan doesn’t have a digital footprint outside of the Hedger Tech whitepaper, which I’m flagging as highly suspicious.

Either Bathan doesn’t exist or is being represented by someone with a different name (typically a stolen image or an actor is used).

The Hedger Tech website domain (“hedger.tech”) was privately registered on May 18th, 2018.

Hedger Tech also run Hedger Mining, through which affiliate investment is solicited through.

The Hedger Mining website domain (“hedgermining.com”) was privately registered on September 14th, 2018.

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…]


InclusiveFX Review: 300% 150 day ROI forex Ponzi scheme

InclusiveFX operates in the forex trading MLM niche and claim to be based out of the UK.

The company provides laughably generic photos of their management.

Supposedly InclusiveFX is headed up by “Steve Murray”, yet he and the rest of InclusiveFX management don’t exist outside of staged photos provided on their website.

Pretty much all of the explanation and testimonial videos on the InclusiveFX website appear to be Fivver gigs.

As for the executive team, they are of university student age so I’m going to go with actors.

A corporate address provided on the InclusiveFX website belongs to Regus, a third-party virtual office provider.

The InclusiveFX website domain (“inclusivefx.com”) was first registered in September, 2016.

The domain registration were last updated to reflect private registration on May 4th, 2018.

InclusiveFX provides two incorporation documents on their website, one for Ras Al Khaimah in the UAE and one for the UK.

Neither incorporation means anything from a legitimacy standpoint.

RAK International Companies incorporation costs about $1000. UK incorporation can be had for less than $100.

Neither jurisdiction is known for stringent regulation, with the UK in particular being a favorite of scammers.

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…]


Neuryx Club Review: Automated crypto trading securities fraud

Despite claiming to be “obsessed with transparency”, Neuryx provides no information on their website about who owns or runs the business.

The Neuryx website domain (“neuryx.club”) was privately registered on October 15th, 2018.

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…]


Travelada Review: Travel discounts, recruitment & securities fraud

Travelada provides no information on their website about who owns or runs the business.

Instead, the company purposefully dodges providing what should be basic due-diligence information;

Now it’s not really about who we are, is it? In reality, Travelada is really all about you.

The Travelada website domain (“travelada.com”) was first registered back in 2011. The domain registration was last updated on April 18th, 2018.

Unfortunately the Travelada domain registration is private and provides no ownership information.

A corporate address on the Travelada website is actually that of K&E Travel.

K&E Travel are based out of Florida and run their own “Independent Travel Agent” opportunity.

It would seem that whoever is behind Travelada has signed up as a K&E travel agent and repacked the service as Travelada.

 

Update 28th December 2018 – It appears a lot of information has been deleted from the Travelada website over the past few months.

Archives reveal that prior to deletion, Travelada cited Mark Elie as its President:

As per Elie’s Travelada corporate bio;

As President of Travelada Mark has the work ethic and knowledge to take the company to a level of success like no other.

Mark’s vision is far-reaching. He believes Travelada will exceed everyons’e expectations except his.

Mark will be integral in helping Travelada grow and making sure that we have the best we can offer in the travel industry.

Despite Elie heading up Travelada, in a comment left under this review he claims he is ‘not involved in Travelada in any way.

We’ve brought the inconsistency between Elie’s non-involvement claim and the facts to his attention in the comments below. We await his reply. /end update

 

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…]


NewHealth Review: 100 PV a month affiliate autoship recruitment

NewHealth operates in the nutritional supplement MLM niche.

The company is based out of California in the US and is headed up by Chairman Houn Simon Hsia.

I wasn’t able to pin down an exact date but NewHealth appears to have launched in 2002.

Prior to launching NewHealth, Hsia (right) was Chief Scientific Officer of Viva Life Science.

A 2007 Singapore High Court judgment reveals Hsia resigned from Viva Life in the late 1990s amid an ongoing legal dispute.

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


451.999 bitcoin recovered from GainBitcoin scammers

Following the filing of a chargesheet against Amit Bhardwaj, Indian authorities have recovered 451.999 bitcoin.

The bitcoin is tied to Bhardwaj’s GainBitcoin Ponzi scheme, which collapsed in late 2017. [Continue reading…]