HyperFund is the subject of a Ponzi scam advisory issued by the Bermuda Police Department. [Continue reading…]

4QLife provides no information on its website about who owns or runs the company.

4QLife’s website domain (“4qlife.com”) was privately registered on June 23rd, 2021.

Further research reveals marketing videos on 4QLife’s website are hosted on Daniel Butt’s Vimeo channel:

The videos, at least one of which is embedded on 4QLife’s website, are narrated by Butts.

In the video Butts (right) identifies himself as being part of “the team” behind 4QLife.

Butts cites the other three 4QLife team members as “Bob Byrun, Joel Broughton and our programmer”.

The programmer’s name isn’t disclosed.

Daniel Butts is a serial scammer behind numerous Ponzi cyclers over the years.

Butts first appeared on BehindMLM as the co-founder of Rocket Cash Cycler, a Ponzi scheme launched in 2013.

Rocket Cash Cycler saw investors deposit $315 and get paid a $5300 ROI once enough subsequent positions had been invested in.

Prior to RocketCashCycler Butts launched EZ Wealth Formula, which saw affiliates charged $84 to join and paid to recruit new affiliates.

In 2018 Butts returns with The Travel Party, the third reboot of the twice failed iTravel Party scheme.

Up until about eight months ago Butts was promoting the “magic app” Limbic Arc scheme. In August Butts he signed up for SDK Meta.

Bob Byrum is also a former Limbic Arc affiliate.

Byrum’s MLM claim to fame is being a top US net-winner in the notorious OneCoin Ponzi scheme.

Joel Broughton appears to be be keeping a low profile. I wasn’t able to find anything concrete on him with respect to 4QLife.

Read on for a full review of 4QLife’s MLM opportunity. [Continue reading…]

The Dominican Republic’s Superintendent of Banks has labelled CashFX Group a “fraudulent scheme”.

In a series of tweets published on November 3rd, Superintendent Alejandro Fernandez W. acknowledged Dominican Republic authorities’ awareness of CashFX Group. [Continue reading…]

The Judge hearing Frank Ricketts’ OneCoin trial in Germany has suggested he plead guilty.

The recommendation was made after the Judge heard evidence against Ricketts, and on the basis

a confession in the early phase of a procedure could have a mitigating effect. If it comes later, it melts down to a very small part.

[Continue reading…]

The SEC has filed suit against Mindset 24 Global.

The regulator alleges the since collapsed company operated as a Ponzi scheme. [Continue reading…]

Trunited has informed its affiliates the company is shutting down.

The stated reason for the closure is the ongoing effects of the COVID-19 pandemic. [Continue reading…]

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices.

This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone.

I learned of the FTC’s announcement via a tip sent in by a reader.

At first I thought there was some funny business going on. But upon closer inspection, was able to verify the FTC did indeed make an announcement. [Continue reading…]

A $3.2 million settlement between the JRJR33 Trustee and several executives has been approved. [Continue reading…]

Family First Life operates in the life insurance MLM niche.

The company was founded in 2013. A corporate address in Connecticut is provided.

Heading up Family First Life is CEO and President Shawn Meaike.

As per Meaike’s LinkedIn profile;

After I graduated with my Masters Degree I obtained a job with the state of CT as a social worker and I also obtained a real estate license to supplement my income.

For 15 years I worked two jobs to just keep my head above water.

When I was introduced to this opportunity, I was excited about one thing at first.

NAA had thousands of leads that we’re filled out and signed by clients that WANTED insurance and I got paid on average $550 for each person I helped.

In 2008 I worked part time with NAA and earned $296,000 in my first 12 months… I was FIRED up!!

I quit both my jobs and worked with NAA full time and the year after I earned $602,000.

This past year I 1099’d 1.4 million dollars.

I never dreamed about being a millionaire, I just wanted to help people and I was afraid to be broke.

Andy Albright the president and CEO of NAA personally mentored me and taught me how to follow the very simple system NAA has in place.

“NAA” is National Agents Alliance, another life insurance MLM.

While Maike’s LinkedIn profile might sound rosy, his split with NAA in 2013 was messy.

As alleged by NAA;

On December 12, 2013, Meaike notified NAA that he was terminating his employment.

NAA asserts that prior to Meaike ending his employment with NAA, Meaike formed FFL and actively recruited other agents employed by NAA to join FFL.

Later in December 2013 NAA’s parent company, Superior Performers, filed suit against Maike and several former NAA agents.

In their lawsuit, NAA alleged;

The solicitation of NAA’s agents was a violation of the Agent Agreements by each Defendant.

Upon information and belief, Meaike, (Marc) Meade, and (Bryant) Stone have also each violated the non-competition provisions in their Management Agreements.

Meade is a top Family First Life affiliate. I couldn’t find any current information on Bryant Stone.

NAA’s lawsuit against Meaike was lengthy, coming in at just under 400 filings.

The case was settled following mediation proceedings in January 2017.

In May 2014 NAA filed an additional trademark infringement lawsuit against Family First Life.

That case was dismissed relatively early on in February 2015.

Naturally it follows that Meaike’s time at NAA influenced the launch of Family First Life.

That said Meaike appears adamant in marketing presentations that he’s running the company his own way.

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

Success by Health’s bid to overturn summary judgment via a motion for reconsideration has been denied.

The FTC was granted liability summary judgment against Success by Health in September.

In their motion for reconsideration, the SBH defendants focused their attention on VOZ Travel. [Continue reading…]