Wiseling Review: Daily returns Ponzi scheme
Wiseling operates in the financial services MLM niche. The company provides a corporate address in Finland on its website.
This address is a virtual office site owned by Regus.
Heading up Wiseling are co-founders Matias Lappo and Elias Mattila. Or at least those are the names given to the actors representing them.
Matias Lappo is the admin of Wiseling’s official Facebook group. Lappo’s Facebook profile was created in November 2020 and has no content.
Lappo regularly appears in Wiseling marketing videos. These videos are staged in what are obviously rented office spaces.
Lappo has a European accent but I wasn’t able to discern the dialect (it doesn’t appear to be the usual eastern European variety).
In any event, put all of this together and Lappo presents as a strong Boris CEO candidate.
Like Lappo, Elias Mattila had a Facebook account created to promoted Wiseling through.
It was recently deleted.
Beyond the initial photoshoot for Wiseling’s website, Mattila doesn’t appear to exist.
Wiseling representing it is based out of Finland has already attracted the attention of local authorities.
On November 26th Finland’s Financial Supervisory Authority issued a Wiseling securities fraud warning.
FIN-FSA has reason to suspect that the company offers investment services in Finland without appropriate authorisation.
At the time of publication Alexa ranks Wiseling’s top sources of website traffic as South Korea (31%), Haiti (9%) and Pakistan (8%).
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…]
We Share Abundance introduces pyramid to stave off collapse
After banning new investors from cashing out last month, We Share Abundance’s latest ploy is a matrix-based pyramid scheme. [Continue reading…]
Bad blood between WorldVentures and Seacret Direct?
Something strange is going on between WorldVentures and Seacret Direct.
Since filing for Chapter 11 bankruptcy, Seacret Direct has poached three high-level executives from WorldVentures.
Now, in a communication sent out to distributors, WorldVentures has confirmed ” there is no plan for a merger with Seacret”.
What is going on? [Continue reading…]
CashFX Group securities fraud warning from Saskatchewan
A CashFX Group securities fraud warning has been issued by Saskatchewan’s FInancial and Consumer Affairs Authority. [Continue reading…]
Calerie Review: Anti-aging calorie restriction supplements
Calerie operates in the nutritional supplement MLM niche.
The company is based out of California and is headed up by founder and CEO Roy Truett.
Prior to co-founding Calerie, Truett (right) worked as President for Asia Pacific and Africa at Jeunesse.
MLM executive positions Truett held before Jeunesse include
Of note is Truett’s social media profiles citing him residing in Salt Lake City, Utah.
Whether Calerie actually operates from California or Utah is unclear.
Read on for a full review of Calerie’s MLM opportunity. [Continue reading…]
Herbalife class-action discovery costs expected to be $1 mill+
Defendant discovery costs in the Circle Of Success class-action are expected to top one million dollars.
To date individual defendants have collectively spent $128,980 responding to discovery requests. [Continue reading…]
OSM Software Solutions Review: 45c a day game app Ponzi
OSM Software Solutions (aka OSM Techno), provides no information on its website about who owns or runs the company.
OSM Software Solutions’ website domain (“osmtechno.com”) was privately registered on October 30th, 2020.
On YouTube OSM Software Solutions goes by Osmose Technology Pvt Ltd.
Osmose Technology has its own website, on which it discloses;
Osmose Technology Pvt Ltd was established in 2019 & is headquartered in Pune India.
No executive information is provided.
Publicly available corporate records reveal three Osmose Technology Directors; Prashant Ramchandra Roundale, Vijay Baburao Mahajan and Avinash Shankar Asabe.
Possibly due to language barriers, I was unable to find concrete information on any of these individuals myself.
What I did find is a great research piece by Kotian of ViewsNews, who provides insight into the corporate structure and key promoters of OSM Software Solutions.
Unfortunately only Avinash Asabe has a face (right). Supposedly Vijay Mahajan is on the run. Prashant Roundale isn’t mentioned in the piece.
In any event, for whatever reason Roundale, Mahajan and Asabe are running OSM Software Solutions from the city of Pune, in Maharashtra, India.
For whatever reason they aren’t keen on providing this information on either OSM Software Solutions’ or Osmose Technology’s respective websites.
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 Financial Commission distances itself from Anna Becker
The Financial Commission is feeling the heat, prompting the independent organization to distance itself from Daisy AI’s Anna Becker. [Continue reading…]
Kobus van der Merwe’s bogus Finalmente Global excuses
Finalmente Global’s Kobus van der Merwe appears to be feeling the heat, such that he’s uploaded “Finalmente Global Final Video” to YouTube.
In the January 23rd video van der Merwe blames recent liquidation proceedings for Finalmente Global’s collapse. [Continue reading…]
FTC seeks def judgment against Brandon Frye & Kaitlyn Scott
Following a preliminary injunction being granted against Digital Income System promoters Brandon Frye and Kaitlyn Scott, the FTC has now moved for default judgment. [Continue reading…]
