Sincere Systems launched in late 2019. It was a simple token Ponzi scheme, centered around “sincere tokens”.

Sincere Systems made a showing of being a “UK company”, but in reality was run by Russian and/or Ukrainian scammers.

Sincere Systems collapsed in mid 2021. In August 2021 the Ponzi scheme was rebooted as “S-Group”.

S-Group continues the UK company charade, referring to itself as a “British Investment” company.

It’s not that hard to catch S-Group out in its corporate lie:

S-Group provides no company ownership information on its website.

Scammers heading up the company’s marketing efforts are mostly from Russia and the Ukraine.

Alexa currently ranks Russia and the Ukraine as the only notable sources of traffic to S-Group’s website (57% and 15% respectively).

This is in line with Sincere Group’s Alexa traffic estimates, although it seems recruitment outside of Russia and Ukraine has mostly collapsed.

In August 2021, the Bank of Russia issued a pyramid scheme warning for Sincere Systems and S-Group.

Sincere Systems is referenced by name. S-Group’s website domain is included in the list of offending URLs.

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…]

Hyperverse has received its first securities fraud warning from the UK’s Financial Conduct Authority. [Continue reading…]

TRVL operates in the discount travel booking MLM niche.

The company operates as TRVL Ventures International and is based out of Georgia in the US.

Heading up TRVL are co-owners Spencer Iverson (CEO), Mark Sterling (COO) and Jonathan Green (CLO).

Spencer Iverson first appeared on BehindMLM’s radar in 2017, as founder and President of Nspire Network.

Nspire Network marketed negative ion period pads.

By late 2018 Nspire Network had collapsed. The company was eventually sold off to Wakaya Perfection (now Mfinity Global).

Iverson had another crack at period pads in early 2020. Jewel Sanitary Napkins marketed a range of graphene insert pads.

Jewel Sanitary Napkins are still in business (albeit with a dead website), although Iverson seems to have split.

BehindMLM next came across Iverson in September 2020. Iverson had had enough of period pads and was now pushing forex training as President of Epic Trading.

BehindMLM marked Epic Trading as a $99.99 a month pyramid scheme. Initially focused on forex, Epic Trading has since expanded to cryptocurrency.

Epic Trading’s website is still up and, as of December 2021, Spencer Iverson is still cited as President of the company.

Mark Sterling appears on Epic Trading’s website as Vice President of Sales. Jonathan Green is Epic Trading’s Global Master Distributor.

Either there’s been a recent exodus of Epic Trading corporate, or TRVL is being run in parallel.

If there’s any official integration between Epic Trading and TRVL, it hasn’t been publicly disclosed.

Update 13th December 2021 – Mark Sterling has been in touch to advise:

None of the owners, me, Jonathan Green or Spencer Iverson have any association with Epic any longer.

We all separated on amicable terms and wish Epic, the management team and all of the customer base continued success.

Why Sterling, Green and Iverson still appear on Epic Trading’s website as active executives remains unclear. /end update

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

Hyperverse is little more than a broken website. Affiliates are still logging into the HyperFund backoffice.

MOF has transitioned over to the tron blockchain, allowing Ryan Xu and Sam Lee to expand 100 million MOF tokens to 100 billion.

This has seen MOF’s public trading value plummet from ~$2 to less than half a cent.

Hyperverse affiliates are panicking. Instead of explaining what went wrong, Hyperverse has trotted out serial Ponzi promoter James Lockett to lie about securities fraud and compliance. [Continue reading…]

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

Kindred Hearts website domain (“kindredheartsteam.com”), was first registered in 2009. The private registration was last updated on June 9th, 2021.

A visit to Kindred Heart’s website reveals login/join buttons, and a message stating “US RESIDENTS ONLY”.

We know this wasn’t always the case. I learnt of Kindred Hearts after publishing BehindMLM’s Gift Of Legacy review.

Long story short; a bunch of disgruntled South African Kindred Hearts affiliates launched their own clone opp, after getting the boot from Kindred Hearts.

Gift of Legacy founder Chris Hattingh, claims Kindred Hearts is being run by an anonymous eighty-three year old woman from the US.

Attempts to ascertain Kindred Hearts ownership are clouded by other businesses bearing the same name.

I’m found an Australian fashion company and Kindred Hearts gift shop in Michigan.

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…]

Despite the company going by AutoTrade Gold, it actually operates off a domain belonging to Panthera Trade Technologies.

Supposedly Panthera Trade Technologies has an “API platform dedicated to AutoTrade Gold”.

Panthera Trade Technologies claims it’s “one of the introducing brokers of LegoMarket LLC.”

LegoMarket LLC is a shell company incorporated in Saint Vincent and the Grenadines.

AutoTrade Gold licenses are sold through a third company, Pansaka.

On their website, Pansaka refers to itself as “PT. Pansaky Berdikari Bersama”.

Given that…

1. AutoTrade Gold affiliate registration is through Pansaka; and
2. AutoTrade Gold support is provided by Panthera Trade Technologies

…it is highly probably that whoever is running AutoTrade Gold is also behind Panthera Trade Technologies and Pansaka.

Neither AutoTrade Gold, Panthera Trade Technologies or Pansaka provides company ownership information.

Pansaka’s website operates off an Indonesian domain. This suggests whoever’s behind AutoTrade Gold might have ties to Indonesia but isn’t definitive.

Panthera Trade Technologies’ website domain (“pantheratrade.live”), was privately registered on June 3rd, 2021.

Pansaka’s website domain (“pansaka.co.id”), was privately registered on December 7th, 2020.

At time of publication, Alexa ranks the US as the top source of traffic to both Panthera Trade Technologies’ and Pansaka’s websites (50% and 46% respectively).

Indonesia is the only other notable source of traffic, coming in at 38% and 44% respectively.

This does support AutoTrade Gold’s ties to Indonesia. The US traffic dominance however is unclear.

Update 10th January 2022 – A reader in the comments below has provided some insight into Pansaka’s CEO.

Dinar Wahyu Saptian Dyfrig, aka Wahyu Kenzo, is Pansaka’s CEO.

Given the close proximity of Pansaka to AutoTrade Gold and Panthera Trade, he’s assumed to ber running or involved in the running of those too.

According to Dyfrig’s social media profiles, he’s based out of Jakarta in Indonesia. This brings us full-circle. /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…]

Freedom Group operates in the “hide your assets” MLM niche.

The company doesn’t provide a corporate address on its website. Freedom Group’s official Facebook page however, is managed from Norway and Northern Cyprus.

Freedom Group represents it operates in Northern Cyprus, Dubai and Spain.

Freedom Group’s website domain was privately registered in January 2019.

The company’s official FaceBook page was created the same day, so this appears to be when Freedom Group launched.

Heading up Freedom Group are eight co-founders:

• Einar Steinshaug (Norway), currently promoting Better Globe
• Dagfinn Rognerud (Norway), also promoting Better Globe
• Kjell Morten Brendoy (Norway)
• Tony Branch (Northern Cyprus)
• Paula Branch (Northern Cyprus)
• Helen Camitz-Ryden (Sweden)
• Linda Josefine Neppelberg (Norway) and
• Jonas Camitz-Ryden (Sweden)

Other than their locations, Freedom Group provides no information on any of their co-founders.

I’ve filled in what I could find. Whether the remaining Freedom Group’s founder’s have an MLM history is unclear. This could be due to language-barriers on my part.

As to Einar Steinshaug and Dagfinn Rognerud, BehindMLM reviewed Better Globe in August 2021.

Based on its business model, we strongly suspect Better Globe operates as a pyramid scheme.

Update 10th December 2021 – Via email;

Dagfinn Rognerud is most known for his role in World Games Inc. and has also been involved with Forever Living, PM International, iWowWe, Me2Everyone, Synergy Worldwide, Global Coin Reserve, OneCoin and Darwin International.

Linda Josefine Neppelberg is married to Kjell Morten Brendøy, she has also been involved with Rain International, QubitTech and Nu Skin.

Furthermore, it appears Freedom Group is a spinoff of International Partnership Program (IPP).

From an IPP marketing brochure;

We are an innovative multinational company that provides excellent business opportunity, fantastic teamwork, strong professional support and social networking.

Our property portfolio in North Cyprus totals approximately £450 m including resale and new build, to cater for every type of buyer.

Our consultants also deal with rentals, valuations, property management, building and repairs as well as all logistical requirements from shipping, settling, administration, fights and accommodation.

Sound familiar?

IPP appears to have been rebooted as Vision Group in 2019.

Vision Group (formerly IPP The International Partnership Program) was originally created by the founder and current Chairman Stephan Menzies MRICS.

This is the same year Freedom Group launched.

IPP had strong ties to Better Globe and founder Rino Solberg:

I couldn’t find a concrete connection between Solberg and Freedom Group.

Given two Better Globe top earners are in charge of Freedom Group however, I’d be surprised to learn Solberg isn’t a silent co-founder, if not running the company outright. /end update

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

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

BNBBusiness’ website domain (“bnbbusiness.org”) was privately registered on August 1st, 2021.

At time of publication there appears to be a problem with BNBBusiness’ website.

Attempts to load the site get stuck on a loading icon:

Alexa traffic analysis reveals 90% of traffic to BNBBusiness’ website originates from the US.

This strongly suggests BNBBusiness has admin ties to the US.

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…]

Blockchain Global investor losses, originally pegged at $21 million, have now climbed to $48.9 million AUD (~$34.8 million USD). [Continue reading…]

In an extortion lawsuit filed in September, BlackOxygen Organics attributed their regulatory issues to former distributor David Bykowski.

In August 2021, Bykowski encouraged members of his Facebook group and others to file complaints about BlackOxygen Organics products with Health Canada, the Canadian agency that regulates consumable products, and the U.S. Food and Drug Administration.

Bykowski’s campaign to “wreak havoc” has also significantly impacted BlackOxygen Organics’ sales in the U.S.

After Bykowski began publishing false and disparaging statements about BlackOxygen Organics, the FDA put a hold on the sale of the companies’ products in the U.S.

That, of course, was baloney. Here’s what actually happened. [Continue reading…]