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

BitBox Social’s website domain (“bitboxsocial.com”) was privately registered on March 22nd, 2020.

As evidenced by their support email BitBox Social owns “bitboxsocial.net”, also registered privately on March 22nd.

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…]

Gilbert Armenta, a resident of Florida, was a key figure in OneCoin’s money laundering operations.

He has also been romantically linked to OneCoin’s founder, Ruja Ignatova.

On September 12th, 2017, Armenta was indicted by a Grand Jury on three counts of extortion; conspiracy to commit extortion, attempted extortion and travel act extortion.

Armenta was arrested in Connecticut the following day on September 13th. [Continue reading…]

Mind Capital and Exchange Wallet, both MLM Ponzi schemes, have been declared illegal in Italy.

CONSOB, Italy’s top financial regulator, has ordered both company’s websites blocked. [Continue reading…]

Even before their July 24th contempt hearing, the Cardiffs continued to serve up fresh delicious popcorn.

On the eve of their contempt hearing, Defendants Jason and Eunjung Cardiff filed nearly 1000 pages of unsolicited, unexplained exhibits, without leave of court.

What is more, they failed to comply with sealing procedures under the Local Rules for personal identifiers, revealing unredacted social security numbers, birthdates, home addresses, phone numbers, email addresses, and the names of their own minor children on the public docket.

The Court sua sponte seals the document and admonishes Defendants counsel that the failure to comply with all Local and Federal Rules may result in the imposition of monetary or other sanctions upon counsel.

What a tone to set before a hearing that might very well send you to prison. [Continue reading…]

Payza co-founders Firoz and Ferhan Patel have pled guilty to money laundering fraud charges.

The pair were indicted back in March 2018, with the guilty plea bringing criminal proceedings against them to a close. [Continue reading…]

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

Gensminers’ website domain (“gensminers.com”) was privately registered on June 2nd, 2020.

In an attempt to appear legitimate, GensMiners provides two blurry UK incorporation certificates on its website.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

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…]

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

Adora Investment’s website domain (“adorainvestment.com”) was privately registered on January 14th, 2020.

Despite not existing until earlier this year, Adora Investment claims it was founded “on 14th of January, 2015.”

In an attempt to appear legitimate, Adora Investment provides a fake address in Sydney, Australia on its website.

Adora Pty. Ltd., a company registered with ASIC, is also provided.

Considering Adora Pty. Ltd. was registered with ASIC back in 1991, it’s unlikely to have anything to do with Adora Investment.

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…]

Liyeplimal operates in the MLM cryptocurrency niche and operates out of Douala, Cameroon.

Despite the company’s website domain being registered in February 2018, Liyeplimal claims it was “created in 2017”.

Heading up Liyeplimal is Simb Emile Parfait, cited as CEO and founder of Global Investment Trading.

Liyeplimal’s website footer states it is a “Global Investment Trading product”.

Prior to founding Global Investment Trading and Liyeplimal, Parfait was promoting BeOnPush, Game Loot Network and MGlobally.

BeOnPush and MGlobally were Ponzi schemes. Game Loot Network combined pyramid recruitment with securities fraud.

At the time of publication Alexa cites Cameroon (65%), Canada (16%) and Bangladesh (12%) as top sources of traffic to Liyeplimal’s website.

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

Armstrong Energy is run by persons unknown. The company information presented on its website is hijacked from Armstrong Oil and Gas.

Armstrong Oil and Gas was founded in 1984 and is headed up by Bill Armstrong. The oil exploration company is based out of Denver, Colorado.

Armstrong Energy essentially has cloned Armstrong Oil and Gas, at least on paper,and presented it as one and the same.

Armstrong Energy represents it is also headed by Bill Armstrong. Photos and marketing copy appearing on Armstrong Energy’s website has been plagiarized from coverage of Armstrong Oil and Gas.

Armstrong Energy’s website domain (“official-aellc.com”) was privately registered on December 19th, 2019.

In an attempt to appear legitimate, Armstrong Energy provides a corporate address in Anchorage, Alaska on its website.

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…]

TS-Life launched in September 2018. The company operates in the personal care, nutritional supplement and weight loss MLM niches.

On its website TS-Life claims to “operate in 6 global markets across Europe and America”.

Heading up TS-Life are co-owners Caius Hale (CEO) and Jade Coyle (Corporate Response Manager).

Prior to launching TS-Life, Hale and Coyle were distributors at Vida Divina.

In the lead up to Ts-Life’s launch, Hale appears to have aired some grievances with Vida Divina:

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