Global Sponsorship Network, commonly abbreviated as “GSN”, provides no company ownership or management information on its website.

GSN’s website domain (“mygsn.com”) was first registered in 2012. The private domain registration was last updated on June 6th, 2020.

Considering GSN promotion began after this date, this is likely when GSN’s owners took possession of the domain.

Further research reveals two notable individuals tied to GSN promotion; Steve Chiang and Simon Le.

Steve Chiang is presented as GSN’s CSO (Chief Sales Officer?).

Chiang popped up on BehindMLM’s radar in early 2019, as co-founder of the collapsed Nasgo/ShareNode Ponzi scheme.

Chiang was promoting Nasgo/ShareNode in the US. News of an SEC investigation into Nasgo broke last October. As of yet however nothing further has been made public.

As Nasgo/ShareNode was collapsing, Chiang fled the US for Singapore. He is believed to have been laying low there until GSN’s launch on or around August.

Simon Le was a top earner in the notorious OneCoin Ponzi scheme. Le is largely responsible for coordinating promotion of OneCoin across the US and Vietnam.

Le abandoned OneCoin earlier this year and went off to launch his own clone, OneLink.

OneLink launched in April but flopped shortly after launch. The OneLink website is still up but Le has otherwise scrubbed all promotional material off the internet.

Le’s role within GSN is not disclosed. He is currently hosting GSN corporation promotional events in Vietnam.

US authorities have indicted several OneCoin executives. As a top earner in OneCoin with ties to management, whether Le is wanted by US authorities is unclear.

Given both Chiang and Le have experience running scams, and the absence of anyone else promoting GSN, it’s a good bet the two are running GSN.

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

Initially I wasn’t sure I wanted to cover the OneCoin movie. Given the current situation around the world, I feel upcoming movie projects are very much up in the air.

That said, with the news Kate Winslet is on board, it seems, at least for now, the OneCoin movie “Fake!” has legs. [Continue reading…]

Armen Temurian, a defendant in Phillip Piccolo’s Vista Network case, has been hit with sanctions over a bungled motion to dismiss.

Piccolo also filed for judicial default on October 9th. [Continue reading…]

Last year a OneCoin victim filed a proposed class-action in New York.

There’s been some significant changes to case since last May, culminating in a Second Amended Complaint filed on September 24th.

Today we take a look at where the OneCoin class-action is at. [Continue reading…]

Serial securities law offender Faith Sloan has confirmed CashFX Group is engaged in securities fraud.

In doing so, she’s also confirmed repeated violation of her 2019 TelexFree final judgment. [Continue reading…]

Despite being found to be in contempt, last month Jason Cardiff dodged incarceration based on representations that VPL Medical was a viable business.

In a nutshell, the court ruled that Cardiff being put to work for VPL was of more benefit to the FTC than incarceration.

As part of that arrangement, the court-appointed Redwood Receiver is required to file periodic status reports.

As per the Receiver’s first October 1st report, production at VPL Medical is “approximately four weeks behind” schedule. [Continue reading…]

As per the FTC’s Neora case docket, a three-week bench trial has been scheduled for October 11th, 2022.

No that’s not a typo, the trial is two years away. [Continue reading…]

An investigation by the Pennsylvania Attorney General has found LuLaRoe’s Buy Back Policy to be “unfair and deceptive”.

The AG alleges LuLaRoe’s business practices are in violation of Pennsylvania Consumer Protection Law. [Continue reading…]

Given the amount of OneCoin scammers that have been indicted in the US, it’s difficult to keep track of the upcoming sentencing dates.

Throw in the pandemic and constant resetting of dates and… well, you’d be forgiven for losing track of who’s being sentenced when.

It’s my job to keep track of these things and when someone asks me even I draw a blank.

Following one such occurrence earlier today, I thought it’d be a good idea to put together the current dates in a separate article.

That means I can point anyone looking for the dates here, as well as being able to update the dates as they’re constantly pushed back. [Continue reading…]

DaBank Economy provides no information on its website about who owns or runt the company.

From my own research I’ve been able to piece together three components of DaBank Economy; DaBank Economy itself, Syscom and EonNet.

DaBank Economy is the MLM opportunity.

Syscom is a communication app (calls, chat, file sharing, blogs), with cloud storage. I believe this integrates into EonNet as a purchasable service.

Eonet is a social network of some sort. It doesn’t appear to exist as a standalone service.

Syscom has a website but again fails to disclose any company ownership or management details.

Traffic to both DaBank Economy and Syscom’s website is too low to be ranked by Alexa.

Practically all the marketing I found for DaBank Economy, Syscom and EonNet is targeted at Indians (based on language).

This combined with DaBank Economy and Syscom having UK domains, suggests whoever is running the companies is either in India, or is based out of the UK and targeting Indians.

The use of GBP in DaBank Economy’s compensation material favors the latter.

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…]