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…]

Appi Travels has received a pyramid scheme warning from the Bank of Russia.

Following an internal investigation, the Bank of Russia states it has “established” Appi Travels exhibits “signs of a pyramid scheme”. [Continue reading…]

Lyoness has lost a five-year defamation lawsuit brought against two bloggers in Poland.

The suit pertained to articles published under the pseudonym “antylyoness” on the “blox.pl” website from 2013. [Continue reading…]

Ghanaian authorities have arrested another fifteen QNet affiliate scammers.

As reported by the Ghanaian Times, on October 15th [Continue reading…]

Health Canada has recalled BlackOxygen’s products “due to potential health risks”.

As per a recall alert issued on September 23rd, Health Canada warns; [Continue reading…]

The eOracle Ponzi scheme has collapsed, again.

eOracle disabled affiliate withdrawals by disabling their stand-alone ECN Ponzi points website. This happened about a week ago. [Continue reading…]

While authorities in Dubai might turn a blind eye to MLM scams, outside of the UAE fraud has consequences.

In a recently filed defamation complaint, Driven Properties bemoan getting into business with GSPartners. [Continue reading…]

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

Bitassets Venture’s website domain (“bitassetsventure.com”) was registered on June 17th, 2021.

The registration is primarily private. The only information disclosed is a partial address in Occitanie, France.

On its website Bitassets Venture represents it is based out of Seoul, South Korea.

This is unlikely, seeing as the building Bitassets Venture uses to represent their office is actually in the US:

Despite only existing for a few months, Bitassets Venture has also given itself a bunch of backdated made-up awards:

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…]

After receiving an abusive comment on one of BehindMLM’s articles covering the collapsed RBCG Bank Ponzi, I took it upon myself to see what Laurie Suarez has been up to.

Turns out after RBCG Bank, Suarez went on to launch another MLM crypto Ponzi scheme. Two of them actually. [Continue reading…]

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

SwapIT’s website domain “swapit.io” was privately registered on September 2nd, 2019.

Further research reveals Eric Alexandre Ceret credited as SwapIT’s founder and CEO:

Alexandre is your typical crypto bro, complete with a string of failed crypto projects.

JetCoin (not to be confused with the Ponzi scheme of the same name), is Alexandre’s crypto claim to fame.

Launched in mid 2017, JetCoin immediately dumped. In early 2018 there was a pump to just over $1, after which pumped to just over $1 before flatlining to 1 to 2 cents.

JetCoin is currently at six cents, which we’ll discuss in the conclusion of this review.

Someone else of note in SwapIT’s corporate team is Rune Evensen.

Evensen is a serial scammer dating back to the Unaico SiteTalk days. Evensen fronted Unaico/SiteTalk’s reboot, The Opportunity Network.

Through those connections (Dan Andersson, Sebastian Greenwood and Kenny Nordlund), Evensen has ties to the notorious OneCoin Ponzi scheme.

I’m glossing over Evensen’s scamming, which definitely didn’t slow down after OneCoin, by skipping to the last scam he was tied to.

BehindMLM reader Semjon tied Evensen to Snap Innovations, through some bullshit crypto company going by Coss.

Circa February 2019, Eversen was CEO of Coss.

Snap Innovations is/was a crypto Ponzi factory. The company is best known for Torque Trading, an MLM crypto Ponzi that scammed people out of millions.

According to their respective social media profiles, Eric Alexandre Ceret and Rune Eversen are both based out of Singapore.

Whether there are other notable SwapIT executives is unclear.

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…]