Kripto Future has received a pyramid scheme warning from Russia.

In their 28th September notice, the Bank of Russia warns Kripto Future exhibits “signs of a pyramid scheme”. [Continue reading…]

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

OmegaPro Forex’s website domain (“omegaproforex.com”) was privately registered on February 8th, 2021.

In an attempt to appear legitimate, OmegaPro Forex represents it is incorporated in the UK as OmegaPro LTD.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

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…]

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

Zax’s website domain (“zaxtokens.io”) was privately registered on August 7th, 2021.

Interestingly enough Zax’s social media accounts appear to have already been terminated;

Zax’s provided Facebook page link throws up a similar error.

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 the Bank of Portugal. [Continue reading…]

Royal Q stands for “Royal Quantify Investment Management Co.”

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

Royal Q’s website domain (“royalqs.com”) was privately registered on February 22nd, 2021.

Royal Q’s website is essentially a placholder to redirect visitors to its app.

Despite the dubious nature of the business, Royal Q’s app is available both from the Google Play and Apple App stores.

Note that this is not a sign of legitimacy. That comes down to analysis of Royal Q’s business model.

Perusal of Royal Q’s website source-code reveals Chinese language web elements:

Royal Q’s social media posts are also written in Chinese:

This suggests whoever is running Royal Q at the very least speaks Chinese. They are very likely based out of China or greater south-east Asia.

Alexa currently ranks top sources of traffic to Royal Q’s website as India (15%), Nigeria (12%) and Mexico (9%).

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…]

The last defendants in the Youngevity v. Wakaya Perfection legal saga are Dave and Barb Pitcock, and Andre Vaughn.

Youngevity was scheduled to face off against the Pitcocks and Vaughn on November 1st.

That trial date has now been pushed to December 2021.

And Andre Vaughn is bankrupt, again. [Continue reading…]

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

There is also no corporate address provided, however Vollara’s website does state it has a “manufacturing facility in Bristol, VA”.

According to a press-release account, Vollara was founded in 2010 through parent company Electrolux, USA.

That snippet led me down Vollara’s company history rabbit-hole.

Electrolux, USA was founded all the way back in 1924. That’s not the Electrolux you know today.

The Electrolux you know today is Electrolux Group of Sweden, who separated from Electrolux, USA in 1968.

In 2000 Electrolux Group bought the rights to Electrolux in the US.

That prompted Electrolux, USA to rebrand as Aerus in 2001.

Joe Urso (right) bought Electrolux LLC off of Sara Lee (then Consolidated Foods) in 1998.

Urso owns Aerus, as well as Vollara – who, at least on the appliance side of things, are selling Aerus manufactured products.

In addition to owning Vollara, Urso is the company’s Chairman and CEO.

Vollara’s specific origins can be traced back to Alpine Industries, co-owned by Michael Jackson and Bill Converse.

As reported by The Greeneville Sun in 2015;

In 2000, Jackson bought Converse’s ownership interest and formed a new company, EcoQuest International, to manufacture the air and water purification products and take over the multi-level marketing network through which Alpine products were sold.

Under Jackson’s leadership, from 2000 to 2006, both EcoQuest’s sales and its network of independent distributors and dealers increased explosively.

Company products were marketed through EcoQuest’s international multi-level network which at one time numbered some 100,000 independent distributors or dealers.

However, the dramatic growth and expansion, coming at the same time as greatly increased marketplace competition, brought EcoQuest significant financial stresses by 2006.

As a result of the difficulties, including foreclosure on bank debt, most of EcoQuest’s assets were purchased in March 2009 by the Aerus subsidiary and moved to the large Aerus manufacturing and distribution facility in Bristol.

EcoQuest International itself, as a corporate entity, was forced to declare bankruptcy in late 2009.

Separately, in early 2010, Aerus re-formed what had been EcoQuest international, and the new company was given the name Vollara.

Why this information isn’t provided on Vollara’s website is unclear.

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

GIG-OS has received a pyramid scheme warning from the Central Bank of Russia.

Cited by its old name, Global InterGold, the Central Bank’s January 2nd notice warns GIG-OS has “signs of a pyramid scheme”. [Continue reading…]

In his letter motion for a retrial, Mark Scott’s attorney claimed the DOJ knew about Konstantin Ignatov’s perjury in advance.

The DOJ contends prosecutors handling the case ‘first learned of these serious allegations only when Scott filed his Supplemental Motion.’

This is the DOJ’s opening salvo in opposition to Scott getting a retrial. [Continue reading…]

QNet affiliates recruiting new victims via human trafficking have been arrested in Liberia. [Continue reading…]