BlackOxygen Organics threatened legal action prior to collapse
Instead of acknowledging regulatory issues and its potentially unsafe products, BlackOxygen Organics was running around threatening its critics.
One recipient of a BlackOxygen Organics cease and desist was the YouTuber Savannah Marie. [Continue reading…]
DreamTrips offers affiliates “up to 60%” of owed commissions
When it filed for bankruptcy last December, WorldVentures owed affiliates millions of dollars in unpaid commissions.
As part of its acquisition of WorldVentures, DreamTrips International is now offering WorldVentures affiliates “up to 60%” of owed commissions. [Continue reading…]
Stojiljkovic & David plead guilty to Krstic Ponzi empire fraud
Antonije Stojiljkovic and Jaira David have pled guilty to charges related to Krisitijan Krstic’s Ponzi empire.
Stojiljkovic’s plea agreement was filed on November 23rd. David’s on November 29th. [Continue reading…]
CBI Global collapses again (Coenie Botha’s 3rd Ponzi collapse)
Coenraad “Coenie” Botha’s CBI Global Ponzi scheme has collapsed for a second time.
Rather than just admit it ran out of money, like all Ponzi schemes inevitably do, Botha is blaming South African regulators. [Continue reading…]
Veselina Valkova trying to cash in on OneCoin notoriety
When Ruja Ignatova disappeared in late 2017, her brother Konstantin Ignatov took over as CEO of OneCoin.
When Konstantin was arrested in March 2019, Veselina Valkova stepped up to run OneCoin. [Continue reading…]
Edain Review: EAI token smart-contract Ponzi scheme
Edain operates in the cryptocurrency MLM niche. The company provides a corporate address for “Edain Technologies AG” in Switzerland.
Heading up Edain are co-founders Hardy F. Schloer, Adela Fofiu and Mihai Spariosu.
None of Edain’s co-founders appear to have an MLM history.
Hardy Schloer is a German national tied to a number of companies; Schloer Consulting Group, Raven Pack and Prisma Analytics.
Other than providing marketing points, none of Schloer’s companies have anything to do with Edain’s MLM opportunity.
After the usual string of failed projects that didn’t go anywhere, Schloer got involved in cryptocurrency circa 2017:
The culmination of Schloer’s blockchain bro journey is Edain.
Adela Fofiu is a Romanian national with a PHD in sociology.
Yeah, that’s it. Moving on…
Mihai Spariosu is another academic. He passed away in August at age 77, so I’m not sure why Edain cites him as a co-founder.
Edain’s website domain (“edain.ai”) was registered on July 14th, 2021.
The owner of the domain is “RO34212954”, through an address in Romania. This appears to either be a shell company or bogus details.
At time of publication, Alexa ranks the Ukraine as the only notable source of traffic to Edain’s website (46%).
Read on for a full review of Edain’s MLM opportunity. [Continue reading…]
BlackOxygen Organics’ extortion lawsuit sheds light on collapse
An extortion lawsuit filed by BlackOxygen Organics provides insight into the company’s abrupt collapse earlier this week. [Continue reading…]
FTC denied SBH summary judgment on monetary remedies
The FTC has been denied summary judgment on monetary remedies against Success by Health.
Back in September, the FTC was granted liability summary judgment.
This judgment ruled that, among other things, Success by Health violated the FTC’s Merchandise and Cooling-Off Rules [Continue reading…]
BlackOxygen Organics class-action alleges supplement toxicity
A proposed class-action complaint alleges BlackOxygen Organics’ products “contain unsafe levels of toxic heavy metals that render them unsafe and unfit for their intended use.” [Continue reading…]
Craig Grant served in SEC BitConnect case, fails to respond
After tracking BitConnect defendant Craig Grant in Jamaica, the SEC managed to serve him on October 29th.
Grant’s response to the SEC lawsuit is now a week overdue. [Continue reading…]
