At the core of every MLM token Ponzi scheme is the big stash of admin tokens.

These tokens are created out of thin air and dumped to extract funds out of the scheme.

If analysis of G999 blockchain is accurate, GSPartners had dumped over 2 billion G999 tokens to date. [Continue reading…]

Elepreneurs’ rebranding as The Happy Co was announced back in February.

Sharing Services Global, Elepreneurs’ parent company, rebranded the MLM company following a fallout with former executive Robert Oblon.

Sharing Services Global is based out of Texas in the US.

The Happy Co has its roots in Elevacity, a travel booking engine themed MLM Oblon launched on or around 2014.

Oblon, a former Sharing Services Global executive, launched Elepreneurs in 2017.

BehindMLM only recently revisited Elepreneurs for an updated review in September 2020.

Based on our research into the company at the time, here’s what went down.

In a memo provided to Elepreneurs affiliates in February 2020, the company accused Oblon of “gross financial misconduct”.

Courtesy of Troy Dooly’s MLM News Desk;

Robert Oblon was removed from the Board of Directors and stripped of his position of authority as a result of gross financial misconduct.

He voluntarily resigned to avoid punitive legal actions arising from his malfeasance.

Oblon would go on to return to the MLM industry with Amplifei, launched earlier this year.

Today Sharing Services Inc. is known as Sharing Services Global Corporation. The company is headed up by CEO John Thatch.

At the time of our last review Elepreneurs was headed up by CEO Keith Halls.

The Happy Co rebranding saw Halls dumped for Bo Short.

Bo Short (right) has a long history in the MLM industry, dating back to Amway (Quixtar) in the 1990s.

Short left Amway in 2001 to launch Passport.

As per an accounting of Short’s MLM history on The Truth About Amway;

That company apparently didn’t do so well and the Passport folk merged into Oasis LifeSciences, which then became Univera LifeSciences.

After Univera LifeSciences Short promoted Max International up until 2008.

In 2009 Short was a “prelaunch partner” with EIRO Energy, a since defunct energy drink company.

There’s a gap of five years here, after which Short joined Jeunesse in 2014.

In 2018 Short signed on as Nerium International’s Chief Sales Officer.

In early 2020 Short signed on as CEO of Nutricellix. That lasted a few months before parent company LaCore Enterprises merged Nutricellix into Uforia Science.

On or around September 2020, Short was appointed President of WorldVentures.

In December 2020 WorldVentures filed for Chapter 11 bankruptcy.

Declarations filed as part of related legal proceedings suggest Short was fired after a failed WorldVentures coup led by Michael Poates.

That brings us to The Happy Co’s launch in early 2021.

On paper Short leads The Happy Co as CEO of Elevacity Holdings LLC & Elevacity International Holdings LLC.

There is no executive information provided on The Happy Co’s website. Bo Short isn’t mentioned in any capacity.

Update 16th January 2022 – Research into Hapi Travel Destinations has revealed both it and The Happy Co. are owned by Fai Chen.

Why this information is not provided on The Happy Co.’s website is unclear. /end update

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

VPL Medical has been given till May to get profitable.

As per an April 2nd order,

the Receiver (will) no longer be authorized to fund VPL operations out of funds designated for consumer redress after this month.

The order follows the FTC’s revelation that VPL is blowing through $200,000+ in Receivership funds a month. [Continue reading…]

Cryptoberg provides no information on their website about who owns or runs the company.

Cryptoberg’s website domain (“cryptoberg.ltd”) was privately registered on June 18th, 2020.

In an attempt to appear legitimate, Cryptoberg provides a UK incorporation certificate for Bit Kind LTD on their website.

Not withstanding Bit Kind having anything to do with Cryptoberg, UK incorporation is dirt cheap and effectively unregulated.

The UK is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation 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…]

I became aware of HyperFund following a securities fraud warning issued by the UK’s FCA.

HyperFund is the latest launch by Ryan Xu’s company HyperTech.

HyperTech represents it operates from Hong Kong. Whether Xu is based in Hong Kong or elsewhere is unclear.

On LinkedIn Xu represents he is in Melbourne, Australia.

BehindMLM first became aware of Xu and HyperTech through our Jan 2020 HyperCapital review.

HyperCapital was a Ponzi scheme launched to resurrect HyperCash (formerly HCash), a failed shitcoin Xu launched a few years earlier.

HyperCapital failed to have any impact on HyperCash’s public trading value:

HyperCapital was eventually abandoned and today its website is defunct.

HyperFund was announced in mid 2020. It is essentially Xu and HyperTech’s migration to DeFi.

Which is to say we can likely expect more the same crypto investment related fraud.

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

HyperFund has received a securities fraud warning from the UK’s Financial Conduct Authority.

HyperFund is part of HyperTech, owned by Ryan Xu. [Continue reading…]

The bid by Success by Health affiliates to intervene in the FTC’s regulatory case has been denied.

The denied second motion to intervene follows an earlier attempt, which was also denied. [Continue reading…]

CashFX Group has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA). [Continue reading…]

Late last month I was engaged with a reader pretending retail customers had interest in Be’s apps.

At the time I noted Be had changed their website domain from “befactor.com” to “berules.com”.

Considering the Be reboot of Melius was not that old itself, I flagged this as a strange.

MLM companies don’t change their website domain on a whim.

For all my poking around though, I couldn’t figure out why Be abruptly changed their website domain.

Today that mystery was solved.

Back on December 2nd, Quebec’s Autorite Des Marches Financiers issued a fraud warning against BeFactor. [Continue reading…]

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

Heading up The Token Network is Project Manager Benjamin Kang:

According to Kang’s LinkedIn profile he’s based out of Germany. This is presumably where The Token Network is operated from.

Throughout most of the 2010s Kang participated in and promoted various poker tournaments.

In mid 2020 Kang appears to have decided he wanted to be a crypto bro. Cue The Token Network’s launch on or around October 2020.

As far as I can tell Kang has neither MLM or cryptocurrency executive experience prior to The Token Network.

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