The Comision Nacional de Valores has issued a Crowd1 securities fraud warning for Paraguay. [Continue reading…]

Online Education Academy (OEA) has reached a settlement pertaining to alleged 8 Figure Dream Lifestyle fraud. [Continue reading…]

KryptoGlobe operates in the cryptocurrency MLM niche.

The company provides bogus executive information on its website, so who actually runs the company is unknown.

There is a corporate address in Germany provided on KryptoGlobe’s website. Given the bogus executive information provided however, it’s doubtful the address is actually used by KryptoGlobe.

KryptoGlobe’s website domain (“kryptoglobe.com”) was privately registered on November 30th, 2019.

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…]

Clube365 provides no information about who owns or runs the company on their website.

Clube365’s website domain (“clube365.com”) was privately registered on December 4th, 2019.

I came across Clube365 doing background research on a recent story on Sann Rodrigues.

News had broke of Rodrigues fleeing Brazil with the help of Federal Police. And sure enough, there was Rodrigues pimping Clube365 on YouTube:

Whether Rodrigues, who is believed to be hiding out in Portugal, has a hand in running Clube365 is unclear.

Wouldn’t be the first time he’s fronted a Ponzi scheme and pretended he wasn’t running it.

Note that the English translation for Clube365 is “Club365”. Given promotion of the company is exclusively in Portuguese, I’ve used the Portuguese name throughout this review.

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’s gambling ruse might be coming undone, following confirmation one claimed gambling partner is in fact not a partner. [Continue reading…]

Uforia Science and MaVie have announced a merger.

Over the next ninety days the two brands will be dropped to create a new company, One You. [Continue reading…]

eComelize operates in the ecommerce MLM niche. The company provides corporate addresses in Delaware and Spain on its website.

The US address is residential and used by at least one other business. The Spanish address is a “business center” in Malaga.

I can confirm eComelize has no physical business operations in the US.

Heading up eComelize is founder and CEO Jan-Eric Nyman (right).

Nyman’s MLM roots date back to the Unaico SiteTalk pyramid scheme. More recently, Nyman gained notoriety as part of Duncan Arthur’s OneCoin dev team.

After OneCoin collapsed, Arthur rebranded his work there and continued to develop it as Bycoi.

ByCoi (BYC) was created as a cryptocurrency and is controlled, operated and owned by BCB Coinstrike Limited in London, United Kingdom.

Our goal is to make BYC a global utility cryptocurrency.

Bycoi was launched as an ecommerce alternative to OneCoin, without the baked in Ponzi scheme.

Although OneCoin was pitched to OneCoin investors with a 1:1 BYC token match, Arthur was adamant Bycoi would not be promoted via MLM.

This was throughout 2019 and initially Arthur retained his OneCoin development team to work on Bycoi.

That relationship however has since fractured.

In a video recorded February 22nd, Arthur identifies himself as the “creator, owner and sole shareholder of the Ovid brand “and just about every company behind it”.

Ovid is the ecommerce platform Bycoi is attached to (think OneCoin’s DealShaker).

Arthur goes on to claim “people have tried to take over (his) platform”.

[1:04] The staff I worked with, and we’ve had a very close relationship, have come to be very close together.

We launched a special-purpose vehicle, in fact two of them, in order to try and raise some capital to develop the platform.

Two things happened;

The first is that the platform has not been developed. Whatever happened to the money, I don’t know.

The second is that it was missold by two Norwegians, from OneDealerin Norway, who were acting without authority.

I’ve had to separate from that. I cannot be associated with it.

Arthur goes on to claim his companies are being cloned.

He doesn’t name Nyman in the video, but three weeks ago did serve him with an intellectual property theft cease and desist:

Putting two and two together, it seems Nyman has gone rogue and is or intends to launch eComelize on Arthur’s Bycoi platform.

eComelize wants to take the dynamics of e-commerce and the vision of new payments methods and systems to a global audience.

A group of experienced networkers decide to look for the best product out there, without trying to invent one by themselves.

One that is not trying to put all the fancy stuff on top that really gives no meaning to the everyday person. When we visualized into the future, it all came together. eComelize was then born.

A recent post on Jan-Eric Nyman’s Facebook page suggests he’s based out of Malaga.

This would appear to confirm eComelize is operated out of Spain.

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

Traffic Shout provides no information on its website about who owns or runs teh business.

Traffic Shout’s website domain (“trafficshout.com”) was privately registered registered in April 2019.

A PO Box address in Seychelles is provided on Traffic Shout’s website, which is meaningless for obvious reasons.

At the time of publication Alexa estimate Bangladesh is the only significant source of traffic to Traffic Shout’s website (64%).

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 Omega Group Ponzi scheme appears to have collapsed, prompting CEO Bartosz Nafalksi to make a forty minute long excuse video.

Nafalski claims to have gotten involved in cryptocurrency sometime in 2018. He states Omega Group CFO Lucas Bozek approached him about starting up a mining facility.

Together with “Pawel”, a “leader”, and “Konrad”, head of Omega Group support, Nafalski and Bozek outfitted an old dairy farm for mining.

The business flopped and failed to generate profit.

Rather than take the loss however Nafalski claims Bozek convinced him to recoup their losses via MLM. [Continue reading…]

A court has granted the FTC’s request for a preliminary injunction against Success By Health and owner Jay Noland. [Continue reading…]