After Skyway Capital’s initial Ponzi scheme failed, the company jumped on the MLM crypto bandwagon.

When Skyway Capital’s initial token scheme failed, the company launched CryptoUnits.

When CryptoUnits failed Skyway Capital attempted to relaunch itself as New Economic Evolution of the World (NEEW).

Things appeared to be on the rocks last November, following Skyway Capital banning promotional material that mentioned itself or NEEW.

Now NEEW appears to have completely collapsed, prompting Skyway Capital to announce it’s terminating operations with itself. [Continue reading…]

In early 2018 Bitcoiin, not to be confused with bitcoin, launched its B2G pump and dump altcoin scheme.

In an attempt to differentiate themselves from the plethora of MLM shitcoin Ponzi schemes out there, Bitcoiin employed Steven Seagal as its Brand Ambassador.

On Wednesday, the SEC announced it had issued Seagal with a formal cease and desist. [Continue reading…]

ePayments Systems is one of the UK’s largest digital payments companies.

Well, it was… until the FCA unexpectedly shut it down on February 11th.

Along with the shutdown came a freeze order, trapping what is believed to be over £100 million in client funds.

Oh, and did I mention there’s an extremely interesting tie to OneCoin? [Continue reading…]

New Zealand’s Commerce Commission has announced it will not proceed with an investigation into OneCoin. [Continue reading…]

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

CoinOption’s website domain (“coinoption.net”) was privately registered on June 23rd, 2019.

In an attempt to appear legitimate, CoinOption provides UK incorporation details on their website.

The standard for UK incorporation is already virtually non-existent. Nevertheless, CoinOption provides a bogus “111222333” incorporation number.

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…]

TechVision’s website provides no information about who owns or runs the company.

Despite claiming it was formed in 2016, TechVision’s website domain registration was last updated in July 2019.

This is likely when the current owner took possession of the domain, as Alexa started tracking traffic a few months later in September.

Supporting this is the shell incorporation of the New Zealand company TechVision Limited on July 26th, 2019.

Long story short, TechVision didn’t exist until July 2019.

Listed as the owner of TechVision’s website domain is Benjamin Lengyel, through an address in Auckland, New Zealand.

Further research reveals this address actually belongs to virtual office merchant Regus.

Benjamin Lengyel doesn’t exist outside of TechVision’s marketing and what appears to be a recently created LinkedIn profile.

Given this, it’s unlikely Lengyel exists outside of TechVision’s New Zealand shell incorporation.

Benjamin Lengyel is played by what appears to be an actor in TechVision marketing material.

The actor has a distinct European accent, suggesting TechVision is in fact a European company pretending to operate out of New Zealand.

The video Lengyel features in is the usual spotless office tour with “paid to look busy” extras.

In one scene, a supposed “poker expert” whose supposed to be “implementing (Techvision’s) software”, is just someone pretending to read a public website and doodling with a pen.

One can safely assume what’s shown on the screens of TechVision’s other actor experts is similarly doctored content.

As to where TechVision is actually being run from, one possibility is the Netherlands.

Next month TechVision is gearing up to hold its first “leadership summit” in Uden.

The “main guest” of the event is Christel van Der Steen, credited as “the leading development leader of Techvision in the Netherlands”.

Van Der Steen’s partner (husband?) Ardy van Breugel is also credited as a Netherlands leader.

Van Der Steen’s LinkedIn profile  joined TechVision in September 2019. Prior to Techvision Van Der Steen was promoting the FutureNet and Cannerald Ponzi schemes.

Also attending TechVision’s leadership summit is “investor” Klemen Andlovec.

Andlovec began promoting TechVision on YouTube five months ago, which places him also joining in September 2019.

All of this points to TechVision likely being operated out of the Netherlands.

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

SofTrade’s fake CEO Ryan Baines has been outed as Fivver actor Marko Stevic. [Continue reading…]

As recruitment across South Africa slows down, the Crowd1 Ponzi scheme will inevitably spread across African borders.

Neighboring Namibia is having none of it, opting to instead ban Crowd1 [Continue reading…]

Unity Line Builders provides no information on its website about who owns or runs the company.

Unity Line Builders’ website domain (“unitylinebuilders.com”) was privately registered on January 28th, 2020.

Further research reveals Johnny Ganoza promoting Unity Line Builders on Facebook:

Ganoza (aka Johnny Gan) has appeared on BehindMLM in connection with a number of schemes over the years.

These include Xtreme Pro System (2014), Average Joe Profit System (2015),  PowerPost Profits (2015), The PLR System (2015), The $100 System (2016), Post 2 Profits (2017), Hustle With Us (2017), BitPayProfits (2017), Infinity Loops (2018) and Paytron BTC (2019).

Ganoza’s schemes all have fraudulent business models and tend to collapse shortly after launch.

Read on for a full review of Unity Line Builders’ MLM opportunity. [Continue reading…]

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

Pipz website domain (“pipz.com.br”) was registered back in 2015. The current owner of the domain is Carlos Roberto Costa.

Yes, that’s notorious scammer Carlos Costa of TelexFree Ponzi fame.

While he doesn’t feature on Pipz website, Costa does host Pipz marketing videos on their Facebook page:

This is in line with Costa’s role as the face of TelexFree in Brazil.

Despite multiple regulatory investigations and evidence US regulators were closing in, Costa continued to pump out “TelexFree isn’t a scam” themed videos on YouTube.

As I understand it Costa is facing regulatory action over TelexFree’s Brazilian operations (Ympactus), however this is a long drawn out process.

I’d be remiss not to mention Costa’s failed Federal Deputy election bid.

Yes, Costa actually tried to enter Brazilian politics after TelexFree was shut down.

Costa was convicted of tax fraud last year, although his almost four year sentence was reduced to community service.

Costa’s latest brush in with the law was last December, wherein he was arrested for TelexFree related money laundering.

Whether the case stuck or not is unclear as Costa was released a few days later.

The status of the multiple pending criminal cases against Costa in Brazil is unclear.

Read on for a full review of Pipz MLM opportunity. [Continue reading…]