In September 2016 the UK’s Financial Conduct Authority revealed OneCoin was under investigation.

The investigation was headed up by City of London police.

Ten months after the FCA’s OneCoin warning was published, it disappeared from the regulator’s website.

To date there has never been an explanation as to why.

In episode 9 of the BBC’s The Missing Cryptoqueen podcast, Jamie Bartlett reveals OneCoin had the warning removed by threatening the FCA with legal action. [Continue reading…]

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

Despite marketing itself with prominent Swiss branding, SwisDerm is actually a Malaysian MLM company.

As far as I can tell SwisDerm doesn’t have any ties to Switzerland.

On social media SwisDerm credits this guy as their CEO:

Wasn’t the easiest journey but eventually I was able to pin SwisDerm’s CEO down to Vincent Low.

Due to language-barriers, I was unable to establish whether Low had an MLM history prior to SwisDerm.

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 FTC has moved for summary judgment against all counts filed against Jason and Eunjung Cardiff.

Default judgment has also been sought against their company Redwood Scientific Technologies. [Continue reading…]

Noni by NewAge began as Tahitian Noni back in 1996.

Noni’s website does reference Tahitian Noni but drastically condenses twenty-four years into two paragraphs;

In 1996, we disrupted the health supplement industry with the introduction of Tahitian Noni Juice, launching a multi-billion-dollar industry virtually overnight.

Today, we at Noni by NewAge use our unquestioned noni expertise to drive our mission to help everyone experience the true power of paradise-a power desitined to change lives all over the world.

Tahitian Noni was founded by Kerry Asay. In 2012 the company changed its name to Morinda.

BehindMLM reviewed Morinda in 2015. We weren’t impressed with the company’s autoship recruitment focus.

In December 2018 Morinda was purchased by New Age Beverages, headquartered in Denver, Colorado.

Kerry Asay dropped his executive role in exchange for New Age shares.

Following the acquisition Morinda was rebranded as Noni by NewAge.

In its marketing material, Noni by NewAge provides a corporate address in Utah.

Noni by New Age is headed up by new Age Beverages Corporation CEO Brent Willis (right).

Willis was appointed CEO of NewAge in 2016. As per his LinkedIn profile, the Morinda acquisition marked Willis’ first MLM executive role.

It’s worth noting that although Morinda was dropped as a company name, it’s still used to brand Noni by NewAge’s products and compensation material.

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

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…]