iLearning Crypto provides no information on its website about who owns or runs the business.

iLearning Crypto’s website domain (“ilearningcrypto.io”), was privately registered on September 8th, 2021.

iLearning Crypto’s homepage contains one marketing video, hosted on a Vimeo account.

The name of that account is “Twin TurboTRX Official”:

Twin TurboTRX was a tron cycler launched early last year.

iLearning Crypto appears to be a reboot of the collapsed Ponzi scheme.

The only names BehindMLM was able to peg to Twin TurboTRX were Husty Designs and Ann Marie Osorio.

Husty Designs is a scam-friendly web development company in India. Ann Marie Osorio is a graphic designer from California.

Whether Husty Designs and Osorio are involved in iLearning Crypto is unclear.

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…]

CryptoPerformance operates in the cryptocurrency MLM niche. The company launched in 2019.

Attached to CryptoPerformance is CPCoin, which operates off a separate website domain.

International Performance Group owns both companies.

International Performance Group is a shell company incorporated in Kazakhstan.

Heading up CryptoPerformance are co-founders Horst Staebler and Giuseppe Rimola.

According to his LinkedIn profile, Horst Staebler was a Juice Plus distributor from 2009 to 2015.

Sometime between 2015 and 2017 Staebler got into cryptocurrency:

USI-Tech started off as a forex Ponzi scheme but migrated to bitcoin in 2017.

Following regulatory warnings across multiple jurisdictions, USI-Tech collapsed in 2018.

Giuseppe Rimola’s LinkedIn profile is rather barren, citing only “cryptocurrency trader” (2016-2019) and CryptoPerformance (2019-).

I wasn’t able to establish whether Rimola has an MLM history. This might be due to language-barriers.

Both Staebler and Rimola are based out of Stuttgart, Germany. As opposed to Kazakhstan, this is where CryptoPerformance is actually operated from.

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

Spanish authorities have arrested Vitor Fajardo

Fajardo has been dubbed “one of the biggest cryptocurrency scammers in Europe”. [Continue reading…]

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

GoDiamond’s website domain (“godiamond.com”), was first registered in 1997.

The private registration was last updated on May 22nd, 2021. This appears to be when the current owners took possession.

GoDiamond affiliate marketing began to appear on or around October 2021.

Alexa currently ranks top sources of traffic to GoDiamond’s website as Mexico (29%), the US (22%) and Gabon (9%).

There’s a good chance whoever’s running GoDiamond is from one of these countries.

GoDiamond is being marketed alongside MillionN, which operates from “millionn.com”.

GoDiamond and MillionN appear to be clones of each other. GoDiamond appears to be the more prevalent of the two so that’s what I’ve focused on in this review.

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…]

While Huascar Lopez missed his end-of-year deadline to catch up on withdrawals, CashFX Group is now fully caught up on all pending requests.

Unfortunately this probably isn’t what investors had in mind. [Continue reading…]

In 2011, back when South Africa actually regulated MLM fraud, the Reserve Bank declared TVI Express was a pyramid scheme.

TVI Express promoters responded by declaring anyone against the company was ‘against black people becoming wealthy‘.

TVI Express collapsed nationally a year later in 2012. Authorities pegged South African losses at around $254 million.

Investigations led to the arrest of no less than twenty-five promoters, however asset recovery was limited.

Then South African authorities learned of a $36 million plea deal between Switzerland and TVI Express founder, Tarun Trikha. [Continue reading…]

Crowd1 has received a securities fraud warning from the Central Bank of Russia. [Continue reading…]

The ShynXL Ponzi scheme has collapsed.

Investors first began reporting ShynXL withdrawal problems on or around September 2021. [Continue reading…]

A group of Crowd1 promoters in Azerbaijan have been arrested.

Following their arrest, the scammers admitted Crowd1 was a fraudulent pyramid scheme. [Continue reading…]

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

TronAct’s website domain (“tronact.com”), was privately registered on November 10th, 2021.

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…]