After months of not paying affiliates and keeping them in the dark, WorldVentures has finally confirmed it is merging with Seacret Direct. [Continue reading…]

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

In an attempt to appear legitimate, Sincere Systems provides a UK incorporation link in its website FAQ.

Sincere Systems Group LTD was incorporated in June 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.

As opposed to the UK, Sincere Systems appears to be operated out of Russia and/or the Ukraine.

This is supported by Russia and Ukraine being the only notable sources of traffic to Sincere Systems’ website. At the time of publication Alexa pegs Russia at 36% and the Ukraine at 22%.

Russian text appears in documents provided by Sincere Systems:

Sincere Systems’ YouTube channel is full of Russian language marketing videos:

And all of Sincere Systems marketing webinars are scheduled on Russia/Ukraine time, with hosts bearing names you’d expect (e.g. Vadim Mashurov, Alexey Kozinov, Lina Nikonenko etc.)

Who is running Sincere Systems from Russia and/or the Ukraine is not disclosed.

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…]

Crowd1 affiliates in the Philippines are attempting to align the Ponzi scheme with the Philippine National Police Force. [Continue reading…]

5 Level Crypto Earnings provides no information on its website about who owns or runs the company.

5 Level Crypto Earnings’ website domain (“5levelcryptoearnings.com”) was privately registered on September 7th, 2020.

It’s worth noting that 5 Level Crypto Earnings’ domain was registered through Automattic, owners of WordPress.

On their website, 5 Level Crypto Earnings claims;

We are based in the USA. Our future plan is to open offices in the UK, Asia and Europe by the end of 2020.

Top earners named on 5 Level Crypto Earnings’ website include Aaron Harrold, John Bruce, Stephen Goodwin, Linda Sislar and Velma Joseph.

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…]

Jobadiah “Joby” Weeks has plead guilty to two counts of BitClub Network related fraud.

As per the terms of a plea agreement reached with the DOJ, Joby Weeks has pled guilty to conspiring to offer and sell unregistered securities and tax evasion. [Continue reading…]

The Future Trade provides no verifiable information on its website about who owns or runs the business.

Supposedly The Future Trade is headed up by Meril Rid;

Rid however is quite obviously played by an actor. Outside of The Future Trade’s The Office style marketing video, Meril Rid doesn’t exist.

Just a note on the video linked above, the guy Ryan who sells Rid the doll both at the start of the video and at [4:37], also appears as a seated extra at [2:29].

The Future Trade’s marketing video is your typical rented office with actors affair, albeit with a higher production script.

In an attempt to appear legitimate, The Future Trade provides shell company incorporation documents for The Marshall Islands, Singapore and Seychelles on its website.

For the purpose of MLM due-diligence, these documents are meaningless.

For example, the Singapore incorporation of Future Trade INT PTE LTD, lists Meril Rid down as being British with a UK address.

Fun Fact: Ryan’s driver at [4:37] in the previously linked video is driving a right-hand side car. Lin’s US accent aside, the UK drives on the left.

Wherever The Future Trade’s marketing video was shot, it wasn’t in the UK.

Scams typically create shell companies with bogus information through local agents. Things get even more questionable when shell companies are incorporated in scam friendly jurisdictions like the Marshall Islands and Seychelles.

The Future Trade’s website domain (“thefuturetrade.com”), was initially registered in July 2018. The private registration was last updated on October 24th, 2020.

Update 8th March 2022 – There appears to be some renewed interest in The Future Trade.

I had a review request which prompted me to take another look. I noted above in the September update that investors in Turkey were being targeted.

Having gotten rid of their cheesy “Meril Rid” marketing video, The Future Trade uploaded a bunch of “actors sitting around a rented office” photos to their website:

If you scroll down a bit you’ll come to one photo showing a lanyard for “Jared Ryan”:

The brand of the lanyard is “Brauberg”, a Russian office supplies store:

From this we can confirm Russian scammers are behind The Future Trade.

Meanwhile The Future Trade recruitment in Turkey appears to be in decline:

In comment #9 below, dated September 2021, I noted Turkey made up 67% of visits to The Future Trade’s website.

As of March 2022, that has dropped to just 20%. Unless new victims are found, looks like that might be it for The Futures Trade. /end update

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…]

The latest round of regulatory incompetence in the UK has seen OmegaPro register a shell company with the FCA.

On its website OMP Money markets itself as; [Continue reading…]

I held off reporting on the Payza case outcome as I wanted to go off the official case files.

Pacer hasn’t updated yet but, courtesy of the Montreal Gazette, we know how the November 10th sentencing hearing went down. [Continue reading…]

Hungry Bark operates in the pet supplies MLM niche. The company is based out of Florida in the US.

Hungry Bark was founded on or around mid 2019 by CEO Nick Molina.

So the story goes, after Molina’s personal experience with a certified nutritionist;

Being a deeply devoted dog owner, it got me thinking. If humans have individual nutrition needs, my 2 rescue dogs must too.

I started researching and consulting with pet nutritionists and vets.

Armed with a wealth of knowledge and a team of animal nutrition experts, I embarked on starting Hungry Bark and providing dogs with custom nutrition plans made specifically for them.

As far as I can tell Hungry Bark is Molina’s first MLM venture.

In addition to Hungry Bark, Molina is also

• a member of the Board of Directors of Support Pets, “an online technology platform connecting pet owners with medical professionals to facilitate Emotional Support Animal certifications”; and
• founder of Endangered Investments, who claim to be made up of “smart money investors”.

Prior to that, Molina worked in the telecommunications and vaping industries.

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

As reported in our article earlier today, WorldVentures has just laid off more than 50% of its remaining staff.

Clause 2a. in the separation and release agreements, as provided to laid off WorldVentures employees, appears to confirm WorldVentures is in the process of being acquired by Seacret Direct. [Continue reading…]