Karatbars International has received a securities fraud notice from the Securities Commission of the Bahamas. [Continue reading…]

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

Incomatrix’s website domain “incomatrix.io” was privately registered on November 16th, 2020.

Alexa began recording traffic to Incomatrix’s website in late January 2021.

At the time of publication the only notable source of traffic is Bangladesh (18%).

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…]

As part of his defense against WorldVentures seeking a preliminary injunction against him, former President Eddie Head filed a declaration on March 24th.

Head is joined by Byron Schrag, Izhak Ben Shabat, Matt Morris and Muzafer Najfi, who each filed separate declarations a day earlier on March 24th.

• Kenneth “Eddie” Head – hired by WorldVentures in 2007, served as Creative Director, Vice President of Marketing, President of Americas, Co-President and President, resigned in January 2021, now President of Seacret Direct
• Byron Schrag – joined WorldVentures in 2005, Team Leader and President’s Advisory Council member, still paying WorldVentures subscription but now a Seacret Team Leader
• Izhak Ben Shabat – Seacret co-founder and CEO
• Matt Morris – joined WorldVentures in 2007, Team Leader and President’s Advisory Council member, still paying WorldVentures subscription but now a Seacret Team Leader
• Muzafer Najfi – hired as Vice President of Field Development at Seacret in 2015, left that role to become a Seacret Agent in Jan 2018 (still appears to be more than an Agent based on his declaration though)

I felt as co-founder and CEO of Seacret that Izhak Shabat’s declaration deserved its own write up.

Seeing as there’s considerable overlap between Shabat’s declaration and the other four, I felt it’d be more useful to group main themes and the relevant text from each declaration.

I’ve headlined these themes below in no particular order. Together they provide inside into WorldVentures collapse and eventual bankruptcy, from five distinctly different perspectives. [Continue reading…]

Izhak Ben Shabat, co-founder and CEO of Seacret Direct, has filed a lengthy declaration detailing WorldVentures’ collapse and the months leading up to it.

Shabat’s declaration was filed in support of Eddie Head, who is a defendant in proceedings initiated by WorldVentures. [Continue reading…]

Liyeplimal and CHY Mall have come under fire by the Le Conseil Régional de l’Epargne Publique et des Marchés Financiers (CREPMF).

According to CREPMF, Liyeplimal and CHY Mall are “unauthorized actors … collecting irregular funds from the public” in the region. [Continue reading…]

Although he might not be running the company, nobody had heard of NewChoyce till Renze Deelstra was booted out of Crowd1.

Deelstra, who also goes by Renz Eduardo, was terminated from Crowd1 about a month ago.

The official reasons for Deelstra’s termination was “cross recruiting and unethical behavior”.

According to official marketing material, NewChoyce was founded by O’Neil Louzia.

Unsurprisingly, both Louzia and CEO Hans Stadler are also former Crowd1 Ponzi promoters.

Considering Renze Deelstra was one of Crowd1’s top promoters, these three are all likely from the same Crowd1 downline.

Deelstra’s Ponzi scamming goes back years. He’s been stealing money from people as far back as Zeek Rewards, as well as Flexkom and Carcoin.

Originally from the Netherlands, Deelstra has since fled Europe for the Philippines.

Before pushing Ponzi schemes, O’Neil Louzia appears to have started his MLM career with OXO Worldwide.

According to his Facebook profile, Louzia is from and resides in the Netherlands.

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

About a month ago this was the status of VPL Medical’s mask sales:

As of February 24, 2021, no new sales contracts have been executed.

As per a joint status report filed on March 26th, here’s the latest:

As of March 24, 2021, no sales contracts have been executed.

Oh my. [Continue reading…]

CHY Mall has received a pyramid scheme warning from Rwanda’s Ministry of Trade and Industry (MINICOM).

According to MINICOM, Century Heng Yue (dba CHY MALL) was initially registered ‘to do e-commerce business’ in Rwanda.

Following a joint investigation however, Rwandan authorities have concluded CHY Mall has “diverted to (a) pyramid scheme”. [Continue reading…]

Following non-payment of withdrawals and an effective collapse, PGI Global has made an announcement suggesting they’ll be exit-scamming through Kala.

That’s the same Kala shitcoin Nui launched three years ago. [Continue reading…]

F2S Fund provides no credible information on its website about who owns or runs the company.

F2S Fund does provide a list of executives supposedly running the company, however these are a combination of stock photos and actors.

Two actors appear both on F2S Fund’s website and in their marketing videos; “Nick Wood” and “Michael Le”.

Wood is the more prominent of the two, appearing in more videos.

F2S Fund presents Wood as its Chief Coordinator.

In reality Wood doesn’t exist outside of F2S Fund’s marketing. He’s an actor shooting videos in front of a green screen.

Wood’s last appearance on F2S Fund’s official YouTube channel was three months ago.

Update 7th June 2021 – BehindMLM reader AntiMLM has done some digging and found a bunch of Nick Wood’s work online, predating F2S Fund.

AntiMLM’s research can be found below in the comments (#19). /end update

Alexa currently ranks Bangladesh as the only notable source of traffic to F2S Fund’s website (39%).

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…]