Due to the complex nature of the case, the Bitcoiin criminal trial has been pushed back to March 14th, 2022. [Continue reading…]

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

Tronconomy’s website domain (“tronconomy.com”) was privately registered on April 12th, 2021.

At time of publication, Alexa ranks Russia as the only notable source of traffic to Tronconomy’s website (37%).

This suggests whoever is running Tronconomy is based out of Russia.

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…]

Uulala operates in the cryptocurrency MLM niche. The company is based out of California in the US.

Heading up Uulala is CEO Oscar Garcia, a resident of California.

As per Garcia’s LinkedIn profile;

For the past 20 years as an entrepreneur, Mr. Garcia has built companies, and accelerated the growth of small businesses.

Mr. Garcia has over 20 years in technology and web development.

Circa 2014 Garcia held the Executive Vice President position at the Lucrazon Global Ponzi scheme.

Prior to Lucrazon Global, Garcia was a Melaleuca affiliate.

In January 2014 Garcia was a named defendant in a lawsuit filed by Melaleuca.

In the suit filed last week in U.S. District Court in Pocatello, Melaleuca is alleging that one of its former “marketing executives,” Oscar Garcia, now a vice president with Lucrazon Global, a network marketing e-commerce company based in Irvine, Calif., is pitching his newest business to current and former Melaleuca marketing executives.

“Lucrazon seeks to swell the ranks of its brand partners by raiding Melaleuca’s marketing executives,” the suit alleges.

In October 2016 Garcia settled with Melaleuca. A $5000 judgment was entered against him.

Lucrazon Global collapsed by the end of 2014. As revealed in a civil lawsuit filed in 2016, Lucrazon Global targeted elderly victims and fleeced them out of millions.

After Lucrazon Global Garcia reinvented himself as a crypto bro. This brings us to Uulala’s launch in 2017.

Uualala’s original business model saw the company sell UULA and EUULA tokens.

The company’s ICO raised over $9 million dollars.

In August 2021 the SEC announced a civil complaint against Uulala, Garcia and co-founder Matthew Loughran.

From December 2017 through January 2019, Uulala sold UULA tokens, which were allegedly to be used to record transactions in a financial application (“app”) that Uulala was developing and promoting to those without access to traditional banking services.

Uulala, Garcia, and Loughran made materially false and misleading statements to investors throughout their offering of UULA about having “patent pending” technology that had been incorporated into their app and having a proprietary algorithm to assign credit scores to users of their app.

Uulala, Garcia and Loughran settled the lawsuit.

Uulala, Garcia and Loughran respectively paid civil penalties of $300,000, $192,768 and $50,000.

If you’re wondering why those amounts are tiny compared to the $9 million raised, Ualala claims;

The revenue generated from the ICO was put back into the company to continue to enhance our technology, to pay our employees, our operating expenses and to help sustain us during the first three years of our business.

Today there is no mention of Matthew Loughran on Uulala’s website. The SEC’s complaint states Loughran stood down as Uulala’s Chief Marketing Officer shortly before it was filed.

Whether Loughran is still involved with Uulala is unclear.

Despite its initial UULA and EUULA token scheme being “dismantled”, Uulala is still around and operating as an MLM company.

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

The AntUSDT Ponzi scheme has collapsed.

Withdrawals have been disabled and AntUSDT has deleted its social media accounts. [Continue reading…]

Trujivan (pronounced “true-jivan”), operates in the magic plastic disc and nutritional supplement MLM niches.

The company provides a corporate suite address in Las Vegas on its website. Further research reveals this address belongs to a UPS store.

Whether Trujivan has any physical ties to Nevada is unclear.

Heading up Trujivan are co-founders Stefan Hostettler (CEO) and Jerry Yerke (President).

According to their respective social media profiles, Hostettler and Yerke are based out of Switzerland and California respectively.

Trujivan’s marketing material states they launched in the US. The company plans to expand to Europe in November.

Reading between the lines, Hostettler will likely head up Trujivan’s European operations. Yerke will head up US operations.

BehindMLM first came across Stefan Hostettler as the face of the Tycoon69 Ponzi scheme.

Tycoon69 launched in 2019. In July 2020 Swiss regulators cracked down on the Ponzi scheme, leading to its collapse.

Austrian authorities issued a Tycoon69 securities fraud warning a few months later.

Today Tycoon69 still has a website up but the business is effectively dead.

Jerry Yerke has been involved in MLM for over a decade.

In the early 2010s Yerke promoted Lyoness and then Dubli. In 2015 Yerke was appointed Dubli’s Chief Network Officer.

Yerke held that position until at least mid 2018. In August 2019 Yerke signed on as Director of Business Development at Jeunesse.

Although he’s not mentioned anywhere on Trujivan’s website, someone else worth noting is Shane Morand.

As per a press-release issued on September 17th, Morand has signed on as Trujivan’s Strategic Advisor and Sales Leader.

Morand is one of the co-founders of Organo Gold. Morand quietly left Organo Gold after its brief Ponzi scheme romance in 2018.

I don’t have an exact date for when he left but Morand was still fronting Organo Gold in 2019.

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

Norwegian authorities have issued a third CashFX Group fraud warning.

The Financial Supervisory Authority of Norway’s notice follows a warning from the Lotteries Authority earlier this year. [Continue reading…]

The Kripto Future Ponzi scheme has collapsed.

Affiliates are reporting withdrawals are disabled and nobody has seen CEO Jeffer Ribera in a month. [Continue reading…]

Orion Finance operates in the cryptocurrency MLM niche.

Supposedly heading up Orion Finance is “Brian McCrory”.

According to Orion Finance’s official presentation document, McCrory ‘has been launching and developing various businesses for more than 20 years.’

McCrory doesn’t exist outside of Orion Finance’s marketing material, making him a prime Boris CEO candidate.

McCrory features on Orion Finance’s website and marketing videos.

The actor playing McCrory has a bit of a strange accent. It’s Irish but for some reason he’s trying to sound American.

McCrory appears to have been hired in Dubai. In another marketing video, shot in Dubai, the McCrory actor is dubbed over with an eastern-European narrator.

Boris CEO schemes are typically the work of Russian and/or Ukrainian scammers.

Further supporting this is Orion Finance marketing videos being officially translated into Russian.

Orion Finance’s website domain (“orionfinance.org”), was privately registered on June 9th, 2021.

Despite only existing as of a few months ago, Orion Finance falsely claims its

team has been working in the IT field at the beginning of the 2000s.

A dedicated unit has been exclusively dedicated to Blockchain since 2013.

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…]

FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website.

Heading up FomoEX is Stephen Meade (President) and David Hung (CEO).

Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro.

Meade’s crypto bro adventures appear to have culminated in MonetaPro, a failed cryptocurrency ecommerce platform.

Over the past two years or so Meade has also jumped on the podcast bandwagon.

The last episode of “The BullsEyeGuy” was uploaded to YouTube on September 23rd, 2021. It has 11 views.

FomoEX’s website credits David Hung as

Owner of the largest Filecoin farms in Singapore, Hold mining farm in Singapore and USA. [sic]

Other than that there’s not much out there on Hung. He appears to be another crypto bro with nothing much else going on.

Based on his appearance in a FomoEX marketing video, and Chinese-language spam articles talking up his ties to FileCoin, Hung is believed to have ties to China.

This tracks with FomoEX running on a Shanghai time commission schedule.

On Facebook Stephen Meade represents he is based out of California in the US.

FomoEX recently held a prelaunch event in Dubai. Both Meade and Hung were in attendance.

Whether the pair have taken the precautionary measure of relocating there yet though is unclear.

Dubai is the MLM scam capital of the world. The emirate’s lack of regulatory enforcement sees it attract MLM scammers from all over the world.

At least for now, FomoEX has chosen Dubai to launch its business operations from.

On the pseudo-compliance side of things, FomoEX pretends it is based out of the British Virgin Islands in its website Terms of Service:

GOVERNING LAW

These Terms of Use shall be governed by and construed in accordance with BVI law.

BVI is another hidey-hole with no active MLM fraud related regulation. Because of this it a favorite jurisdiction for scammers to incorporate shell companies in.

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

Success by Health and Jay Noland are set to appeal three orders against them; the original preliminary injunction order, and the FTC’s granted motion for sanctions and summary judgment. [Continue reading…]