Back in October 2019 the Traffic Monsoon Receiver sought to employ local attorneys to go after Canadian net-winners.

The motion was denied later the same month. In denying the motion, the court recommended the Receiver ‘solicit multiple bids from attorneys experienced in this area of Canadian law’.

On April 26th the Receiver filed a new motion requesting approval to employ Canadian counsel. [Continue reading…]

The TelexFree class-action Plaintiffs have failed to secure a preliminary injunction against Dustin Sparman and Vantage Payments. [Continue reading…]

Medical Marketing Project operates from “yourprivateequity.com”.

The website “medicalmarketingproject.com” is active, however based on marketing copy on the site I believe it’s run by affiliates (“MMP Global Team”).

Medical Marketing Project provides no information on its website about who owns or runs the company.

Medical Marketing Project’s website domain was privately registered on November 11th, 2019.

The domain registration was last updated on December 16th 2020. Medical Marketing Project’s current website went live on or around February 2021.

In the footer of its website, Medical Marketing Project represents it is incorporated in Delaware as Your Private Equity Trade LLC.

The marketing video embedded on Medical Marketing Project’s website is hosted on the YouTube channel “The Team”.

The only other video on the channel is an April 2020 titled “Private Equity Trade – Yooinvest. Medical Breakthrough Investment”.

It seems Medical Marketing Project is a reboot of a failed scheme launched about a year ago.

I came across “Yooinvest” again on Medical Marketing Project’s website:

You can visit the domain yourself and see that Yooinvest is the same premise as Medical Marketing Project.

So who’s behind it?

The domain “yooinvest.net” was first registered back in 2012. The registration was last updated on April 2nd, 2021.

Wynand Wessels (right) is listed as the domain owner, through an address in Gauteng, South Africa.

With a bit of Google-fu, I was able to also link Noel Adams to Yooinvest:

Note that Adams appears to be on a mission to remove any connection to himself and Yooinvest.

I’ve provided a cached example above. All of the live content linking Adams to Yooinvest has recently been deleted.

Noel Adams (right) popped up on BehindMLM’s radar in 2015, as admin of the Next Level Africa Ponzi cycler.

A BehindMLM reader identified Wynand Wessels as Adam’s “sidekick” and web designer.

It would be remiss not to consider Adams as either a patsy for Wessels or them being in cahoots.

Adams runs his various scams under the “Smada World” banner.

Next Level Africa collapsed in 2019, although Adams managed to string Next Level Africa victims along until early 2020.

Cue the failed launch of Yooinvest on or around April 2020, and now the Medical Marketing Project / Your Private Equity reboot a year later.

Noel Adams and Wynand Wessels operate out of South Africa. Beyond a meaningless shell incorporation in Delaware, Medical Marketing Project has no ties to the US.

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

A second pyramid scheme class-action has been filed against LuLaRoe.

Plaintiff Jessica Ponkey filed suit against LuLaRoe in California on March 24th, 2021. [Continue reading…]

A reader showed up in the comments today with a link to a 2017 civil lawsuit filed against GladiaCoin and JetCoin.

I hadn’t heard of the case before so I went and looked it up.

Sure enough on July 18th, 2017, Plaintiff Gloria Jung Yun filed suit in Pennsylvania. [Continue reading…]

Apex Financial operates in the cryptocurrency niche.

The company’s website domain is “theapex.app”, which was privately registered on January 12th, 2021.

Apex Financial provide a number of executives on their website. The only person who actually seems to exist is James Ward.

Rather than disclose ownership of Apex Financial, Ward has set himself up as Head of Marketing.

James Ward is the face of Apex Financial and hosts the company’s marketing videos:

James Ward (right) first popped up on BehindMLM’s radar in 2010, as the CEO of LGN Prosperity.

LGN Prosperity marketed travel vouchers, with each voucher generating a position in a matrix 2×2 cycler.

Following months of affiliates not getting paid, in mid 2011 LGN Prosperity morphed into LGN International.

This name-change brought on the addition of commissions paid on travel services booked through LGN.

LGN International eventually collapsed in mid to late 2013, with Ward heading up iBizWave as CEO and co-founder in early 2014.

In 2015 Ward launched 2SL Start Living, which saw him return to the travel MLM niche.

2SL Start Living was short-lived, prompting Ward to launch Pangea in 2016.

Pangea’s original business model was a matrix cycler hiding behind travel.

By early 2017 Pangea had collapsed. Ward rebooted Pangea with a new compensation plan.

The only material difference was the cycler expanded to three tiers, so it’s not surprising that Pangea 2.0 also didn’t last long.

In late 2019 Ward resurfaced with Sports Trading BTC, a crypto Ponzi scheme.

Sports Trading BTC collapsed by December 2019, prompting Ward to reboot the scheme as Global Credits Network.

As per website traffic charts provided by Alexa, Global Credits Network collapsed in or around April 2020.

In late June 2020 Ward launched his first smart-contract Ponzi scheme, Lion’s Share.

One can safely assume that the launch of Apex Financial means Lion’s Share has or is on the verge of collapse.

In an attempt to appear legitimate, Apex Financial bangs on about incorporation and having registered with the SEC.

For the purpose of MLM due-diligence, basic incorporation anywhere is meaningless.

Incorporation in jurisdictions chosen specifically for their lack of MLM securities fraud regulation is even more meaningless.

The BVI, Cyprus and Dubai are all scam-friendly jurisdictions.

To evaluate Apex Financial’s SEC regulation claim, I hit up the SEC’s Edgar database.

Apex Financial Institute filed a FORM D Notice of Exempt Offering of Securities on March 16th, 2021.

There is nothing about Apex Financial’s passive investment opportunity in this filing.

What the filing does confirm is James Ward is a co-owner of the company. Apex Financial’s other two owners are Jason Rose and Hitesh Juneja.

The last time we came across them Rose and Juneja were launching Rise Network. This was back in November 2019.

Rise Network’s website is still active, however Alexa traffic estimates reveal a collapse beginning mid 2020.

Why James Ward is the only Apex Financial owner mentioned on the company’s website (and even then Ward isn’t credited as an owner), is unclear.

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

Onward Capital represents it is headed up by founder and CEO Oscar Finnigan.

To that end Onward Capital provides an elaborate backstory for Finnigan, dating back to 2000.

The future founder of Onward Capital, Oscar Finnigan, was educated at the University of Sherbrooke (Quebec, Canada) under Professor Esteban Chornet, PhD.

In 2000, the professor became the founder of Enerkem and announced an exam that selected the best out of 200 applicants.

More than 20 finalists received a position in this innovative new environmental business area, and Oscar Finnigan was among them, as well, in the top 10.

Naturally none of Finnigan’s backstory is verifiable.

On Onward Capital’s official YouTube channel, Oscar Finnigan is played by some guy definitely wearing a wig… and probably a fake beard too:

The actor playing Finnigan has a distinctive eastern European accent, marking him as a prime Boris CEO candidate.

Update 27th April 2021 – BehindMLM reader Tomas has outed Oscar Finnigan as Russian actor Oliver Siou (lit: Оливье Сиу).

According to his professional bio, as of January 2021 Siou is “actively filming in Russia, and has about a dozen projects on his account.”

Evidently one of those projects was playing CEO for a Russian Ponzi scheme. /end update

Despite Finnigan and other actors in the marketing videos having eastern European accents, Onward Capital represents it is based out of Canada.

To that end Onward Capital provides an address in Toronto, Ontario on its website. Basic Canadian incorporation documents are also provided.

This has attracted the attention of Canadian authorities. On January 19th the British Columbia Securities Commission issued an Onward Capital securities fraud warning.

Not withstanding that for the purpose of MLM due-diligence, basic incorporation anywhere is meaningless.

Onward Capital’s website domain (“onward.capital”) was registered on November 11th, 2020. “Onward” is listed as the domain owner.

Alexa currently ranks the top sources of traffic to Onward Capital’s website as Canada (15%), Ecuador (15%) and Russia (11%).

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…]

Trading Insight claims to be “officially registered in the UK and Hong Kong.” Certificates of incorporation for both jurisdictions are provided.

For the purpose of MLM due-diligence, basic incorporation is meaningless. Both incorporation certificates should be ignored.

Trading Insight represents it is headed up by CEO Paul Matthews.

Matthews features both on Trading Insight’s website and in the company’s official marketing videos.

Matthews has a strong eastern European accent, marking him as a prime Boris CEO candidate.

I was able to pin down “Paul Matthews” to Evgeny Savvin, a teacher at the Lotus Model modelling school.

Lotus Model is based out of Donetsk, Ukraine.

As per Savvin’s Lotus Model bio;

At the moment he collaborates with photographers of Donetsk, participates in advertising filming, shooting music videos.

He is engaged in the preparation of television projects on Donetsk television.

In addition to teaching modeling, Savvin appears on numerous websites through stock photos:

And when he’s not fronting Ukranian Ponzi schemes, Savvin can be found on YouTube dancing to Justin Beiber songs.

Trading Insight’s website domain (“tradinginsight.ai”), was privately registered on March 5th, 2021.

Alexa currently ranks the top sources of traffic to Trading Insight’s website as Russia (31%), Vietnam (18%) and Pakistan (13%).

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…]

Legend Holdings serves up quite the unverifiable company history on its website;

Legend Holdings Corporation was founded in 1984 by Liu Chuanzhi and 10 other researchers with funding from the Computing Institute of the Chinese Academy of Sciences.

Starting from the IT industry, Legend Holdings has gone through the development of over three decades, and now it is a leading diversified investment holding company in China.

It builds up a unique business model of “strategic investments + financial investments” with synergy between the two-wheel-drive businesses.

Naturally no information on Liu Chuanzhi is provided. Legend Holdings Corp’s website does have a “from the Chairman” link but, rather conveniently, it’s currently broken.

The Chinese Academy of Sciences is an actual institution, but there’s no link with Liu Chaunzhi.

Liu Chuanzhi is the name of Lenovo’s founder. If I didn’t know any better I’d say whoever is behind Legend Holdings Corp has “borrowed” the name.

Supporting this is Legend Holdings Corp’s website domain (“legendholdingscorp.com”), being first registered in March 2020.

The domain registration is private and was last updated in March 2021.

Looking a little deeper into the name, it seems there’s an actual Legend Holdings operating from “legendholdings.com.cn”. This Legend Holdings is headed up by Liu Chuanzhi

Legends Holdings Corp’s website appears to be modeled after the genuine Legend Holdings website. It has nothing to do with the actual Legend Holdings or Liu Chuanzhi.

One breadcrumb I found was a Facebook page titled “Legend Holdings”. Up until February 2021 it was going by SmartWorkz.

SmartWorkz appears to be a short-lived 2019 Ponzi scheme that targeted the Philippines.

References to the SmartWorkz Ponzi scheme have been scrubbed off the internet over the past month or so.

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…]

Last month BehindMLM reviewed EzyTRX. We noted at the time that a reboot, EzyTRX II, had just been announced.

Today we revisit EzyTRX to see how the EzyTRX II reboot is going.

As opposed to a replacement, EzyTRX II was launched in tandem with EzyTRX. This is despite the original EzyTRX smart-contract having collapsed.

Of note is EzyTRX II is not promoted or even mentioned anywhere on EzyTRX’s public-facing website.

Information appears to only be made available to those who have signed up as affiliates.

Both EzyTRX and EzyTRX II are run by Nicklaus D’Cruz, who operates the companies from Singapore. [Continue reading…]