Youngevity’s long-term financial auditor has quit following concerns over provided financial data.

Citing “information that has come to its attention”, the firm Mayer Hoffman McCann has resigned as Youngevity’s accounting.

Mayer Hoffman McCann had been signing off on Youngevity’s filed financial reports since 2011. [Continue reading…]

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

BitKrypton’s website domain “bitkrypton.com”) was privately registered on October 30th, 2019.

Alexa currently estimates 95% of traffic to BitKrypton’s website originates out of Pakistan.

This strongly suggests whoever is running BitKrypton is based out of Pakistan, or at very least has ties to the 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…]

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

Smart Ether’s website domain (“smartetherx.io”) was privately registered on August 19th, 20920.

Official Smart Ether marketing videos are offered in English, Hindi, Tamil and Malayalam.

This suggests that whoever is running Smart Ether is likely 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…]

NeXarise operates in the ecommerce MLM niche. The company does not provide a corporate address on its website.

Instead a UK incorporation number for “Nexarise European Services LTD” is provided.

Typically UK incorporation is meaningless, however in this instance, based on NeXarise’s co-founders, I’ll give the company a pass.

NeXarise was co-founded by Asad Ali (Chairman), Ahmed Mukhtar (President) and Liju Thomas (CEO).

All three NeXarise co-founders made a name for themselves in ACN. That ended on or around April 2020.

I wasn’t able to establish why the trio left ACN. And it isn’t discussed in NeXarise marketing.

At the time of publication NeXarise are active in the UK, Norway, Sweden, Denmark and Finland.

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

Prance Gold Holdings has ceased paying withdrawal requests.

In a bizarre communication pushed out to its affiliates, the company is claiming several cryptocurrency exchanges are under audit by US authorities. [Continue reading…]

Bitalium has terminated bitcoin withdrawals.

As per an announcement sent out to affiliate investors earlier this week, ROI withdrawals can only be made in worthless Bitalium tokens. [Continue reading…]

Following a discharge motion filed earlier this year, the Digital Altitude Receivership has been formally closed.

The order was made on October 5th, following approval to pay $42,779 to Receivership staff. [Continue reading…]

AirBit Club civil proceedings initiated by the SEC have been stayed, pending outcome of the DOJ’s criminal case.

The stay order was issued on October 5th, following a letter motion filed by defendants Cecila Millan and Margarita Cabrera. [Continue reading…]

A month or so ago Health Therapies popped up on my radar.

At the time I didn’t have enough information to go on, so I filed it under “check back in a few weeks”.

Today iGalen’s website domain features Health Therapies’ logo. For all intents and purposes Health Therapies has launched, however the transition from iGalen is nowhere near complete.

We’ll get more into that in the conclusion of this review.

With respect to Health Therapies as a company, no corporate information is provided on its website.

There is an “our team” link provided, however at the time of publication it appears to be broken.

Three Health Therapies corporate addresses are provided, one in Northern Ireland, one in Malaysia and one in the US.

All three addresses are shared with a bunch of other companies. Whether Health Therapies has an actual physical presence at any of the locations is unclear.

A Group Co-Ordinator email address provided leads to another Health Therapies website domain (“healththerapies4u.com”).

It is on this website an April 11th blog post provides some insight.

Health Therapies, a distribution partner of Holista CollTech (HCT), has placed a $3.8 million order for Holista’s NatShield sanitiser.

In March, Holista appointed Health Therapies as its exclusive U.S. distributor for a three-year period. Health Therapies must spend at least $3 million per year.

Holista Colltech we know from our May 2019 iGalen review.

Following a legal dispute with a product manufacturer, iGalen went on to collapse in November 2019.

Following the collapse, iGalen’s website was repurposed to push Bitreen, a neem based supplement.

I believe the transition to Health Therapies is relatively recent.

In 2019 Holista CollTech was run by executives Chang Heng Fai and Rajen Manicka.

The previously linked Health Therapies 4 U blog post features a photo of Manicka. Whether Chang Heng Fai is still onboard is unclear.

Also unclear is who exactly is behind and running Health Therapies.

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…]

Global Sponsorship Network, commonly abbreviated as “GSN”, provides no company ownership or management information on its website.

GSN’s website domain (“mygsn.com”) was first registered in 2012. The private domain registration was last updated on June 6th, 2020.

Considering GSN promotion began after this date, this is likely when GSN’s owners took possession of the domain.

Further research reveals two notable individuals tied to GSN promotion; Steve Chiang and Simon Le.

Steve Chiang is presented as GSN’s CSO (Chief Sales Officer?).

Chiang popped up on BehindMLM’s radar in early 2019, as co-founder of the collapsed Nasgo/ShareNode Ponzi scheme.

Chiang was promoting Nasgo/ShareNode in the US. News of an SEC investigation into Nasgo broke last October. As of yet however nothing further has been made public.

As Nasgo/ShareNode was collapsing, Chiang fled the US for Singapore. He is believed to have been laying low there until GSN’s launch on or around August.

Simon Le was a top earner in the notorious OneCoin Ponzi scheme. Le is largely responsible for coordinating promotion of OneCoin across the US and Vietnam.

Le abandoned OneCoin earlier this year and went off to launch his own clone, OneLink.

OneLink launched in April but flopped shortly after launch. The OneLink website is still up but Le has otherwise scrubbed all promotional material off the internet.

Le’s role within GSN is not disclosed. He is currently hosting GSN corporation promotional events in Vietnam.

US authorities have indicted several OneCoin executives. As a top earner in OneCoin with ties to management, whether Le is wanted by US authorities is unclear.

Given both Chiang and Le have experience running scams, and the absence of anyone else promoting GSN, it’s a good bet the two are running GSN.

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