Former CEO Konstantin Ignatov has been dismissed from the OneCoin class-action lawsuit. [Continue reading…]

CJS Trader provides no information about who owns or runs the company on their website.

CJS Trader’s website domain (“cjstrader.net”) was privately registered on May 16th, 2020.

Further research reveals Brazilian media citing Ancleuton Holanda Dias (right) as founder of CJS Trader.

One possible reason this information isn’t provided on CJS Trader’s website is because Holanda has a checkered past.

Holanda was behind Sudbrook, a social media network pyramid scheme. Civil lawsuits against Sudbrook are pending.

Dias is believed to reside and operate CJS Trader from Brazil.

At the time of publication Alexa cites Brazil as the top source of traffic to CJS Trader’s website (100%).

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

A criminal court in Antwerp has convicted Asker Sakinmaz, Cengiz Ehliz and Erwin Fally.

The pair were behind the Flexkom pyramid scheme, which collapsed in 2017. [Continue reading…]

Ilgamos CEO Geza Kapitany has informed investors that their ilcoin wallets have been frozen.

The stated reason for the freeze is an attempted hostile takeover by the ilcoin developers. [Continue reading…]

Xion Cash provides no information on its website about who owns or runs the business.

A few months ago the Omega Group Ponzi scheme collapsed. This prompted CEO Bartosz Nafalski to claim he was a victim.

How much money Nafalski cheated Omega Group’s near 100,000 investors has never been disclosed.

Evidently it wasn’t enough though, prompting Nafalski to return with Xion Cash:

Perhaps appointing himself CEO again would be too obvious, so Nafalski is Xion Cash’s “chief consultant”.

He’s joined by Alexander Saveliev, which goes a long way to explain the use of Russian in Xion Cash’s marketing material.

At the time of publication Alexa ranks Ukraine as the only notable source of traffic to Xion Cash’s website (57%).

Xion Cash’s official Facebook page is also primarily managed from Ukraine.

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…]

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

ForexG’s website domain (“forexg.com”) was first registered in 2004.

The domain registration was last updated on June 6th, 2020. The current owner is listed as Michael DM, through a fake address in NSW, Australia.

Michael DM doesn’t appear to exist outside of ForexG’s domain registration. Given this and the bogus address, it’s assumed Micael DM doesn’t actually exist.

Through the Wayback Machine I was able to verify that ForexG’s current website went live on or around July 2020.

Prior to that the domain was parked on a diagnostic screen. This strongly suggests the domain was sold to ForexG’s owners in June 2020, the time of the registration update.

Despite only coming into existence a few months ago, ForexG falsely claims it “was established in 2004”.

As far as I can tell this claim is solely based on the initial domain registration, which we’ve addressed above.

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…]

My Blockchain Life fails to provide any information about who owns or runs the company on their website.

In fact as I write this, My Blockchain Life’s website is nothing more than an affiliate login page with some testimonials.

No corporate address is provided, although My Blockchain Life does state it’s “operating worldwide (and) located in the USA”.

My Blockchain Life’s website domain (“myblockchainlife.com”) was privately registered on January 10th, 2020.

Further research reveals marketing videos on My Blockchain Life’s official Facebook page.

These videos are hosted by Glen Williams, who identifies himself as a co-founder and CEO of My Blockchain Life.

Williams’ LinkedIn profile places him in Ottawa, Canada. Whether My Blockchain has any actual physical presence in the US is unclear.

William’s LinkedIn profile reveals he was promoting ACN from 2007 to January 2020.

Williams foray into MLM cryptocurrency appears to date back to 2017 with BitConnect.

In response to BehindMLM reporting on US regulators cracking down on BitConnect, a reader going by Glen Williams suggested we had an “agenda”.

BitConnect collapsed a week later, causing over $2 billion dollars in losses.

Williams abandoned the Twitter account he used to promote BitConnect a month later.

Whether My Blockchain Life’s other co-founders were also BitConnect promoters is unknown.

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

I’d initially intended to cover NewAge Beverages’ acquisition of Ariix after reviewing Zennoa.

Zennoa came up for review today, only for me to discover I’d previously reviewed the company.

Last month Ariix announced it was “partnering” with NewAge Beverages Corporation.

A press-release however reveals NewAge has wholly acquired Ariix, including Ariix’s own acquisitions over the last few years. [Continue reading…]

Up until recently, Mirror Trading International claimed FX Choice was its broker.

Using FX Choice’s platform, Mirror Trading International claimed to trade using AI bots.

Now a representative from FX Choice has revealed Mirror Trading International was booted from their platform back in June.

Oh and surprise surprise, trading was virtually non-existent. [Continue reading…]

FX Value Trade provides no information on its website about who owns or runs the company.

FX Value Trade’s website domain (“fxvaluetrade.com”) was privately registered on May 8th, 2020.

In an attempt to appear legitimate, FX Value Trade provides a corporate address in California on its website.

Research reveals this address is shared with multiple trading companies. This suggests whoever is running FX Value Trade has attempted to launch multiple businesses in the same niche.

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…]