Epic Trading operates in the forex MLM niche. The company provides a corporate address in the US state of Nevada on its website.

Heading up Epic Trading is founder David McCovy.

McCovy appears to have first found success in 5Linx, having risen to the Senior Vice President rank circa 2014.

After 5Linx McCovy (right) joined the since-collapsed Paycation pyramid scheme.

McCovy’s stint at Paycation was brief. In 2015 he ditched the company and launched Evolution Travel.

BehindMLM reviewed Evolution Travel in 2018 and found it was a pyramid clone of Paycation.

Evolution Travel’s website is still up today, so it seems McCovy intends to continue running it alongside Epic Trading.

Epic Trading President Spencer Iverson has also appeared on BehindMLM, most recently in connection to Jewel Sanitary Napkins.

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

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

Supposedly the company is run by “William Simms”, however Simms doesn’t exist outside of Multimine’s own marketing material.

Multimine’s website domain (“multimine.io”) was privately registered on June 26th, 2020.

In an attempt to appear legitimate, Multimine provides UK incorporation details for Multi Mine Services LTD on its website.

Multi Mine Services was incorporated on August 12th, 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 (11%) and Egypt (6%) as the top three sources of traffic to Multimine’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…]

Alioth Club provides no verifiable information on its website about who owns or runs the company.

Supposedly Alioth Club “was the idea of Kerry Walsh”. Naturally there’s no information on Walsh provided.

In an attempt to appear legitimate, Alioth Club provides New Zealand incorporation details for “Alioth Club Limited” on its website.

Considering Alioth Club Limited is a basic incorporation, for the purposes of due-diligence it is meaningless.

Various Alioth Club marketing videos feature “Eric Barton”, presented an Executive Director”.

Barton speaks with a distinct European accent. The actor playing him is standing in front of a green screen.

From this it’s pretty obvious neither Kerry Walsh or Eric Barton actually exists.

Alioth Club’s website domain (“alioth.club”) was privately registered on June 16th, 2020.

At the time of publication, Alexa ranks the US (27%), Russia (26%) and Vietnam (12%) as the top three sources of traffic to Alioth Club’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…]

Joseph Frank Abel, better known as Joe, is one of the scammers behind the BitClub Network Ponzi scheme.

Late last year, Abel and four co-conspirators were indicted on fraud charges.

Following his arrest, earlier this year Abel initially pled not guilty.

As revealed in a September 3rd DOJ press-release, Abel has now entered a guilty plea to the charges. [Continue reading…]

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

Etherz’s website domain (“etherz.io”) was privately registered on July 1st, 2020.

At the time of publication Alexa estimates 85.7% of traffic to Etherz’s website originates out of India.

This strongly suggests whoever is running Etherz is based out of India.

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…]

John Bigatton, former Bitconnect Australian National Representative, is the subject of an ongoing investigation by the Australian Securities and Investments Commission (ASIC).

As part of ASIC’s investigation, Bigatton has been slapped with a seven year financial services ban. [Continue reading…]

Freebay was founded in June 2020 and is a marketing reboot of Karatbars International.

Rather than just be honest about it however, Karatbars has opted to present Freebay as a “partnership”.

A lack of transparency leaves Karatbars’ owner Harald Seiz’s stake in Freebay unclear.

If I had to guess Seiz, with possibly one or more partners, ultimately owns Freebay. Throw in a dozen shell companies to create elaborate banking funnels and corporate secrecy.

Thomas Valet, Karatbars’ Communications Manager, admitted as much in a recent August 31st corporate update call:

[11:07] This heart now gets a refreshment. There will be a new sales company that will be launched, unencumbered, without negative comments, messages, campaigns or targeted misinformations [sic].

The name of this new sales company is … Freebay.

[12:14] Freebay is located in the center of Switzerland. Internationally untouchable, solid, surrounded by international companies, organizations and associations.

On the public-facing side of the company, Freebay is headed up by CEO Jurgen Pulvermuller.

Before fronting the marketing reboot, Pulvermuller worked as Karatbars’ Head of Global Sales.

Pulvermuller appears to have gotten involved with Karatbars on or around 2019. Prior to that he was promoting Neora, and before that Filabe and Visalus.

It is from Karatbars’ sales department that every Freebay executive I’ve seen thus far has originated from; namely Norbert Take and Marius Broening.

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

Late last week Cellements announced it would be temporarily closing.

In a message posted on their website, the Cellements advised it was

forced to temporarily shut down all business related activities due to our new software provider, Naxum, not being able to live up to their promise and deliver a functional platform.

Naxum claims “there are indeed two sides to every story.” [Continue reading…]

Top Jeunesse earner Theresa Gregory and her daughter Tera Gore, have plead guilty to multi-million dollar tax fraud.

According to an investigation by the IRS, Gregory has been in the MLM industry “since the 1990s”. With the aid of her daughter, Gregory began committing tax fraud from around January 2008. [Continue reading…]

Ahead of Mark Scott’s October sentencing, the DOJ has filed a forfeiture motion.

As per the motion, the DOJ wants Mark Scott to forfeit a whopping $392 million dollars. [Continue reading…]