What does $51 million splashed out on a super yacht get you?

If you’re Market America’s JR Ridinger, a battering ram capable of taking out 160-foot gas tankers.

And what better way to spend Christmas Eve… [Continue reading…]

A few months ago CashFX Group founder Huascar Lopez told investors withdrawals would be caught up by the end of 2021.

As I write this, on January 1st, 2022, CashFX Group withdrawals are still months behind.

To distract away from CashFX Group fluctuating from various states of collapse throughout 2021, another “cyber attack” has been trotted out. [Continue reading…]

India has banned MLM pyramid schemes through new Consumer Protection Rules.

The rules were enacted in 2021, giving MLM companies 90 days to comply.

As reported by MoneyLife; [Continue reading…]

TronThunder’s official marketing presentation names “JP Rademeyer” as founder of the company.

According to Jean Pierre Rademeyer’s LinkedIn profile, he’s from KwaZulu-Natal, South Africa.

Rademeyer has spend the last few years running and promoting various cryptocurrency scams…

…of which TronThunder appears to be the latest.

Alexa currently ranks top sources of traffic to TronThunder’s website as the Netherlands (34%), US (18%) and Russia (11%).

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

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

Nu Xtrax’s website domain (“nuxtrax.com”), was privately registered on April 2nd, 2021.

BehindMLM reviewed Liquid Gold RX back in August 2019. A visit to Liquid Gold RX’s website today redirects to that of Nu Xtrax.

As per Nu Xtrax’s official FaceBook page, the company rebranded on or around May 2021. Shortly after the Nu Xtrax domain was registered.

I couldn’t find any explanation for the company name change.

Like Liquid Gold RX, Nu Xtrax hides the names of its owners and executives.

Here’s an example of this in practice, taken from a Nu Xtrax newsletter:

Set alarm on your phone, so you do not forget!!

Mr. C with the science team and co-owner of the products will be interviewed on the National Call Thursday night.

It will not be recorded, so invite everyone to hear Mr. C live Thursday night!!

One name I saw popping up in connection to Mr C. was Jim Barnett:

Barnett doesn’t disclose the extent of his involvement in Nu Xtrax. Due to his proximity to Mr C. though, it’s evident he’s not just a run of the mill affiliate.

Nu Xtrax provides a Florida PO Box corporate address on its website.

This bring us to Liquid Gold RX Inc., a Florida corporation owned and operated by Ernest P. Land.

Land (right) also owns Nu Xtrax Inc. (incorporated Apr 2021)  and Wellness Research Group International Inc. (incorporated Sep 2018).

Wellness Research Group International is the precursor to Liquid Gold RX.

I wasn’t able to find any further information on Land, but he’s a good candidate for Nu Xtrax ownership.

Update 30th December 2021 – Ernest Land is better known as “Ernie Land”. He’s been involved in MLM for decades.

Check out the comments below the review for further insight. /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…]

CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

Kangot has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

Mido Finance has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). [Continue reading…]

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

Intelligence Prime Capital provides no information on its website about who owns or runs the company.

Intelligence Prime Capital also goes by the company names IPC Trade and IPCapital.

Intelligence Prime Capital’s website domain (“iprimecapital.com”), was registered with bogus details on June 8th, 2021.

Shortly after launch, a video titled “Meet the CMO of IPCapital” was uploaded to Intelligence Prime Capital’s official YouTube channel.

The video features a “Dr. Val Ng Sh”, who claims to be Intelligence Prime Capital’s Chief Marketing Officer:

Outside of Intelligence Prime Capital’s marketing videos, Val Ng exists only in a LinkedIn profile for Val Ng See Huat.

Purportedly Ng is based out of Singapore, but the LinkedIn profile could have been created as Intelligence Prime Capital marketing.

Ng’s Intelligence Prime Capital videos are your typical Boris CEO setting. Rented office space, desk props and company mugs and flags.

Oh and for some reason Ng is dressed in a bow tie dinner suit. Hardly convincing.

Intelligence Prime Capital’s other named executive is featured in the company’s official marketing presentation:

Despite a claimed “more than 25 years of experience in international financing, system development, public-private partnerships and policy dialogue”, Stefan doesn’t exist outside of IPCapital marketing.

The reason for this is because, like Val Ng, Walter Stefan is played by an actor.

If I can direct your attention to this paragraph in Stefan’s made-up Intelligence Prime Capital corporate bio:

He used to serve as the Vice President of the European Central Bank (ECB) and was in charge of policy and partnerships.

There is a Stefan Walter who works/worked at the ECB. Here’s what he looks like:

Like I said, Intelligence Prime Capital’s Walter Stefan is an actor.

I believe the name order bungle can be attributed to the common practice in Asia of reversing a name when westernized.

Of further note is Intelligence Prime Capital’s official PDF files were created back at launch by “Vincent Yau”.

I wasn’t able to find any additional information on this individual in connection to Intelligence Prime Capital.

Despite not existing until a few months ago, on its website Intelligence Prime Capital claims its been “leading the way in online trading for 15 years”.

At time of publication, Alexa ranks top sources of traffic to Intelligence Prime Capital’s website as Nigeria (21%), the US (21%) and Mexico (17%).

Update 27th December 2021 – The Central Bank of Russia has issued an Intelligence Prime Capital securities fraud warning. /end update

Update 31st January 2022 – Intelligence Prime Capital represents it has registered with financial regulators in multiple jurisdictions.

BehindMLM has analyzed these claims and debunked them as bogus. /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…]