DOJ wants Mark Scott to forfeit $392 million dollars
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…]
Elepreneurs Review 2.0: It’s time to drop Elevacity
A reader recently wrote in asking about Elepreneurs. They were considering the opportunity but noted BehindMLM hadn’t taken a look at it since early 2018.
Noting changes in the compensation plan, I queued Elepreneurs up for a rework.
Today we revisit Elepreneurs’ MLM opportunity with an updated review for 2020. [Continue reading…]
iPro Network trial scheduled, $4+ mill in default judgments
It’s been a while since we last checked in on the SEC’s iPro Network fraud lawsuit. Four months to be exact.
In that time several default judgments have been granted, and a trial date has been scheduled for March 2021. [Continue reading…]
NuLife Ventures sued by medical device supplier Avacen
NuLife Ventures is an MLM company that markets, among other things, “hydrogen water” devices.
Avacen is a medical device manufacturer and former supplier to NuLife Ventures.
On July 29th, Avacen sued NuLife Ventures for breaches of their reseller agreement. [Continue reading…]
Autoxify Review: TRON smart-contract Ponzi cycler
Autoxify provides no information on its website about who owns or runs the company.
Autoxify’s website domain (“autoxify.com”) was privately registered on July 18th, 2020.
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…]
BTTycoon Review: BTT token securities fraud mobile app
BTTycoon provides no information on its website about who owns or runs the company.
As I write this BTTycoon’s website only offers a mobile subdomain, which is essentially a marketing pitch for the company’s app.
No information about who owns or runs BTTycoon is provided.
BTTycoon’s website domain (“bttycoon.net”) was registered on March 23rd, 2020. Domain ownership details are not available.
BTTycoon’s domain was purchased through a Chinese registrar. The company’s website is also hosted with a Chinese provider.
Along with BTTycoon’s marketing material being presented in Chinese, this suggests whoever owns the company at the very least speaks Chinese.
There’s a strong likelihood BTTycoon’s owner is based out of South-east Asia in a Chinese speaking country.
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…]
Herbalife cops $122 mill criminal fine over fraud in China
Ever wondered how US MLM companies do business in China?
Boy have I got a story for you… [Continue reading…]
CoinJob Review: 4% daily bitcoin Ponzi scheme
CoinJob provides no information on its website about who owns or runs the company.
In an attempt to appear legitimate, CoinJob provides a UK incorporation certificate on its website.
The certificate corresponds with Coin Job LTD, incorporated on June 30th, 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.
CoinJob’s website domain (“coinjob.biz”) was privately registered on June 4th, 2020.
At the time of publication Alexa ranks Bangladesh (28%), Vietnam (25%) and Turkey (17%), as the top three sources of traffic to CoinJob’s website.
Whoever is running CoinJob is likely based out of one of these three countries.
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…]
TronChain Review: Andreas Kartrud’s 2nd smart-contract Ponzi
TronChain’s website provides no information about who owns or runs the company.
TronChain’s website domain (“trxchain.io”) was registered on July 29th, 2020.
“Swisscoin” is listed as the owner, through an incomplete address in Skane, Sweden.
Further research reveals TronChain marketing videos on Andreas Kartrud’s personal YouTube channel.
In one August 12th video, titled “TRON CHAIN presentation & team call, Kartrud (right) identifies himself as “the creator” of Tron Chain.
Andreas Kartrud is a serial scammer. Over the years BehindMLM readers have pegged him promoting Shopping Sherlock, SwissCoin, Dominant Finance, WoToken, Up2Give, KryptoGlobe, 1 Click Trading and XOXO Network.
More recently, Kartrud featured on BehindMLM as the creator of EtherChain, a smart-contract Ponzi scheme.
Read on for a full review of TronChain’s MLM opportunity. [Continue reading…]
FinFine Review: Trading bot Ponzi with FFT token exit-scam
FinFine provides no information on its website about who owns or runs the company.
FinFine’s website domain (“finfine.io”) was privately registered on June 30th, 2020.
On its website, FinFine claims it was founded in the UK and is incorporated in Singapore.
FinFine’s official Facebook page is managed by one user in Vietnam, so these claims appear to be baloney.
At the time of publication Alexa ranks Vietnam as the primary source of traffic to FinFine’s website.
Based on this and the Facebook page admin, whoever is running FinFine is most likely based out of Vietnam.
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…]
