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

What information Seedchange does provide is complete baloney.

Seedchange claims to be

an investment platform that was established in 2012 in San Francisco.

Securities are offered via Seedchange Execution Services, Inc., a broker-dealer registered with the SEC USA and FINRA | SIPC.

Seedchange’s website domain (“scinvesting.com”) was first registered in 2014. The registration was last updated on October 31st, 2020.

I believe Seedchange’s owner(s) took possession of the domain on or around early October (could be as far back as March 2020).

A search of the SEC’s Edgar database reveals Seedchange Execution Services has been registered with the SEC since 2014.

Seedchange Execution Services claims to be “engage(d) in the marketing and sale to accredited investors of securities issued by early stage technology companies”.

The last public report filed by Seedchange Execution Services was on June 3rd, 2019. The report details $145,975 in losses for the year ended March 31, 2019.

There is nothing about Seedchange’s new investment scheme in Seedchange Execution Services’ filings.

As far as I can tell Seedchange Execution Services has nothing to do with Seedchange the investment scheme. 

This is confirmed in an October 29th consumer alert, issued by the California Department of Financial Protection and Innovation;

DFPI has received information that the website SCinvesting.com is marketing itself as licensed Broker-Dealer Seedchange Execution Services Inc., or Seedchange (CRD number 165587).

The website is using the name, address, iconography, and website template of Seedchange, and could possibly be offering investments in violation of California law.

Someone has simply registered a domain and plagiarized Seedchange Execution Services’ to represent a newly created company.

Given this, it’s a safe bet all information provided on Seedchange’s website is bogus.

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…]

Griddy Pro is the MLM marketing arm of Texas-based energy reseller Griddy.

Griddy’s website lists co-founder Nicholas Bain and Gregory Craig, both of whom have a history in the energy sector.

As per their respective Griddy corporate bios;

Mr. Bain has been championing the investment and growth of renewable energy for more than 15 years.

He previously established Allco Wind Energy, oversaw the largest wind farm development project in the United States, and was the CEO of Graphite Energy prior to co-founding Griddy.

Mr. Craig has been a pioneer in the US energy industry for nearly 25 years.

After launching Cook Inlet, one of the largest wholesale energy traders in North America, Craig went on to lead Commerce Energy as chairman and CEO before co-founding Griddy.

Griddy Pro was announced earlier this month, with coverage revealing the appointment of “new leaders”.

Griddy’s new leaders, CEO Michael Fallquist, COO Christian McArthur and CFO Roop Bhullar, previously led Connecticut-based Crius Energy, which was sold last year for $400 million to Vistra, Irving-based owner of the TXU Energy brand.

Former Griddy CEO Greg Craig will remain on the Griddy board.

Crius Energy was a “strategic partner” of Viridian Energy, a former MLM company BehindMLM reviewed in 2017.

Griddy’s new CEO, Michael Fallquist (right), founded both Viridian Energy and Crius Energy.

In December 2017 Viridian unexpectedly announced it was abandoning its MLM business model. Distributors were caught off-guard but given four months notice.

Three months later it was revealed Viridian settled a deceptive marketing and sales tactics complaint with Massachusetts for $5 million.

Viridian’s website is still up today, however Alexa traffic estimates suggest there isn’t much going on.

Crius Energy struggled and, after cutting 270 jobs the same year Viridian settled with Massachussets, was sold to Vistra in early 2019 for $436 million.

Griddy Pro marks Michael Fallquist’s return to both the energy sector and MLM industry.

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

After failing to challenge the scientific validity of a damning paper on Herbalife’s products, the multi-billion dollar MLM company resorted to legal threats to get it unpublished. [Continue reading…]

In announcing their withdrawal as Mirror Trading International’s attorneys, the law firm Ulrich Roux and Associates stated it

made it clear from the outset that we were in no position to provide potential clients with financial advice as to whether they should invest with MTI, as we are not financial advisors, nor are we specialists in Bitcoin or any other form of cryptocurrency trading.

URA is in no way affiliated to MTI and can accordingly not be held responsible or liable for any profit or loss arising from any investment made, using the MTI platform.

If that sounds like a law firm desperately trying to cover its ass, you’re not wrong.

Here’s why. [Continue reading…]

WorldVentures has filed for Chapter 11 bankruptcy.

The news was shared with the company’s affiliates via a December 22nd email sent out by COO Michael Poates.

A press-release was also uploaded to WorldVentures’ website, both of which are quoted from below. [Continue reading…]

Mirror Trading International’s collapse continues to follow the BTC Global Team playbook.

In the latest update, Cheri Marks spins quite a story. [Continue reading…]

Fabio Wanzeler’s request that he not be recognized as a TelexFree net-winner, i.e. someone who scammed TelexFree victims out of money, has come to an end.

On December 21st the US Bankruptcy Court in Massachusetts denied Wanzeler’s motion. [Continue reading…]

The South African law firm Ulrich Roux and Associates has announced it has dropped Mirror Trading International as a client. [Continue reading…]

In an email sent out to affiliates, Tradera has announced it is “ceasing all operations effective immediately”.

Tradera’s e-wallet provider, merchant partners and affiliates haven’t been paid. And co-owners Kody Sell and Eastan Harris are in hiding.

Of course Tradera’s closure email makes no mention of any of that. For more we turn to a recent webinar held by former Tradera affiliate Domonique Barbee. [Continue reading…]

More OneCoin victims have come forth in Argentina, potentially adding weight to the criminal case. [Continue reading…]