Andreas Kartrud’s first smart-contract Ponzi scheme has collapsed.

EtherChain was one of three scams Kartrud has launched, as part of his Eclipcity Ponzi factory. [Continue reading…]

The FTC has added VOZ Travel to the list of defendants in its Success By Health fraud lawsuit.

VOZ Travel was added as per a second amended complaint, filed on September 23rd. [Continue reading…]

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

Crypto Trading’s website domain (“cryptotrading.biz”) was privately registered on August 20th, 2020.

In an attempt to appear legitimate, Crypto Trading provides an incorporation certificate for “CryptoTrading LTD” on its website.

CryptoTrading LTD was incorporated in the UK on August 28th, 2020.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

At the time of publication Alexa ranks Russia (12%), Venezuela (7%) and Egypt (6%), as the top three sources of traffic to Crypto Trading’s website.

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…]

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

In fact as I write this, CyberChain’s public-facing website is nothing more than a registration form.

CyberChain’s website domain (“cyberchain.cc”) was registered on August 11th, 2020.

“SwissCoin” is registered as the owner, through an incomplete address in Skane, Sweden.

SwissCoin was a Ponzi scheme launched in 2016. With respect to domain registration, Andreas Kartrud (right) has used SwissCoin on the registration of several domains this year.

EtherChain (June) and TronChain (August) are identical smart-contract Ponzi schemes.

TronChain was launched to stave off EtherChain’s inevitable collapse. Given TronChain is barely a month old, one can safely assume CyberChain has been launched to stave off TronChain’s inevitable collapse.

One need only look towards CyberChain marketing efforts to confirm as much;

ID 1 in Cyberchain doesn’t belong to an individual. It belongs to the Eclipcity community and is supporting Etherchain and Trochain [sic].

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

The FTC’s Success By Health fraud lawsuit has survived a motion to dismiss.

The Success By Health Plaintiffs (SBH Plaintiffs) filed a motion to dismiss back on July 28th. [Continue reading…]

Following a failed bid to get a restraining order, Avacen has dropped its lawsuit against NuLife Ventures. [Continue reading…]

Scent-Sations launched in 2002 and is based out of Pennsylvania in the US.

Scent-Sations operates in the personal care MLM niche. The company is headed up by owner and CEO Robert Scocozzo.

According to Scocozzo’s Scent-Sations corporate bio, he started his MLM career in 1989.

No company names are provided. I ran a search on “Scocozzo” prior to 2002 and turned up nothing.

In any event, Scent-Sations was founded in 2002. As retold by Scocozzo (right);

I was doing a fundraiser for my son’s basketball team selling paraffin scented candles manufactured by a local candle-maker.

The kids sold about 1,400 candles, they smelled incredible, and everyone was commenting on how great they were.

When the candles were delivered the “candle-makers” Lynn and Carmen Milazzo asked me if I was still involved in marketing.

When I answered “yes” Carmen told me that they had developed a new candle made of alternative ingredients and he was looking for some advice on the best way to market the product.

The “Entrepreneur” in me got extremely excited and I called my partner, Charlie and told him that we were going into the “candle business!”

Scent-sations was founded by Frank Scocozzo, Charlie Umphred and Carmen Milazzo.

Umphred is Scent-Sations’ Vice-President of Marketing. Milazzo is cited as the company’s Master Candlemaker.

To their credit, Scent-Sations appears to have a clean regulatory run since launch.

Read on for a full review of Scent-Sations’ MLM opportunity. [Continue reading…]

A group of affiliates in Ghana decided to market QNet by posing as National Security Operatives.

This didn’t go down well with the National Security Council, leading to actual National Security Operatives arresting the QNet affiliates. [Continue reading…]

A Suspicious Activity Report (SAR) filed by HSBC reveals that, even after WCM777 was shut down by US authorities, the bank approved tens of millions in transfers. [Continue reading…]

The FinCEN Files leak contains two Suspicious Activity Reports (SARs) pertaining to then suspected OneCoin fraud. [Continue reading…]