Poland’s top consumer protection agency has ruled Lyoness is a pyramid scheme. [Continue reading…]

Citing ongoing litigation with VictoriaBank, the Zeek Receivership has announced an interim partial distribution. [Continue reading…]

FOMO5K provides no information on its website about who owns or runs the company.

FOMO5K’s website domain (“fomo5k.io”) was privately registered on January 2nd, 2020.

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…]

FX Farms provides no information on their website about who owns or runs the business.

An address in the UK is provided on FX Farms website. Further research reveals the address belongs to virtual office provider Regus.

Marketing videos on FX Farms’ website feature Fivver actors.

The above example is from Fx Farms’ official business presentation video.

I wasn’t able to lock down where FX Farms’ fake founder and CEO were hired from, but here’s their green screen scripted video for your viewing pleasure:

Update 17th December 2020 – FXFarms has deleted its YouTube channel and pulled its website offline. /end update

At the time of publication Alexa ranks the US as the top source of traffic to FX Farms’ website (60%).

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…]

Goldmine369 operates in the bitcoin mining MLM niche. The company represents it is based out of Manchester in the UK.

Heading up Goldmine369 is founder Jay Locke, who for some reason has deleted his previously public Facebook account.

Outside of Facebook Locke has no digital footprint I could find. Meaning his MLM history is unknown.

Not a good start.

In Goldmine369’s website terms and conditions, the company provides a Companies House incorporation number.

This corresponds with “GOLDMINE369.COM LIMITED”, which was incorporated in August 2019.

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

Read on for a full review of Goldmine369’s MLM business opportunity. [Continue reading…]

Watford Corp has one of the most god awful website designs I’ve ever seen.

The site disabled vertical scroll in favor of horizontal scroll, leaving the user with no idea what they’re scrolling into.

If I want to expand one of the scroll topics, a click is not enough. I have to sit there like a twat and hold down my mouse for what feels like an eternity.

Oh and of course back and forward button functionality is disabled (when I hit back I was redirected to a black screen).

Just… terrible.

Heading up Watford Group is supposedly Richard Watford.

Richard Watford however doesn’t exist outside of a bunch of press-releases uploaded in late November last year.

The photo representation of Watford (above) is a prime candidate for a stock photo or actor shoot. Watford appearing in at least one promo video suggest the latter.

Here’s an awkward clip of the actor playing Watford reading off a script.

In contrast to “Watford’s” clearly British accent in the clip above, whoever is actually behind Watford Corp doesn’t appear to be a native English speaker.

Here’s a verbatim example of the awkward language used in Richard Watford’s corporate bio (which is of course as generic as they come);

My name is Richard Watford. I am Watford LLC founder.

I managed to reach a success, but my long path was rather hard.

I finally managed to create a company, intended to help other people to avoid making mistakes by y trial and error, failure and victory.

Does Richard Watford, as represented by Watford Corp, actually exist? Probably not.

On their website Watford Corp claims to be “the largest holding company operating in the USA”.

Watford Corp’s website domain wasn’t privately registered until July 2019.

Here’s a list of some of largest holding companies in the US. Naturally Watford Corp isn’t among them.

Watford Corp also claims to have an office in Seattle’s Columbia Center (incorrectly referenced as “Columbia Tower”).

I highly doubt Watford Corp has any US presence. On the off chance they’ve put in minimal effort though, Regus offer virtual offices at Columbia Center.

In summary, pretty much everything presented on Watford Corp’s annoying as hell to navigate 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…]

The SEC filed its lawsuit against Traffic Monsoon and owner Charles Scoville in July 2016.

To date Scoville has failed to file a response to the suit, prompting the SEC to request an entry of default. [Continue reading…]

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

Lifestyle Connection’s product, a savings platform called Lifestyle Savings Network, first featured on BehindMLM as part of our IXQ TV review.

IXQ TV was the successor of vStream TV, both of which sold access to pirated content.

The MPA shut down IXQ TV in late 2019.

All of these companies are owned and operated by David Bremner.

Lifestyle Connections is marketed as being “powered by NXR Global”, presumably yet another company owned by Bremner.

Why this information isn’t provided on Lifestyle Connections website is unclear.

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

FluxOn Club operates in the cryptocurrency MLM niche. The company is headed up by co-founders Georgy Katsanov and Jorge Nieto.

On his LinkedIn profile, Georgy Katsanov (right) refers to himself as a “private entrepreneur” with over seven years experience.

Language-barriers made tracking Katsanov’s MLM history difficult. I was however able to peg him to promotion of the TelexFree Ponzi scheme.

The above is a screenshot from the “OneCoin VN” group on VKontakte. The Georgy Katsanov profile has since been deleted.

A Georgy Katsanov from Portugal filed a TelexFree victim claim for $590.20.

The TelexFree Trustee disallowed the claim, on the basis Katsanov (right) was a net-winner.

How much Katsanov stole from TelexFree victims is unknown.

On his LinkedIn profile Katsanov boasts about turning €30,000 to €2,000,000 in four years. TelexFree only lasted two years so it’s unclear whether this claim is related.

I wasn’t able to find anything concrete on Jorge Nieto (right).

There is a Jorge Nieto on Twitter who’s at least familiar with TelexFree, however I’m not 100% sure it’s the same guy:

Other than LinkedIn profile links (Nieto’s is broken), FluxOn Club itself provides no information on its executives.

FluxOn Club claims it’s registered in Tbilisi, Georgia. Georgy Katsanov’s LinkedIn profile claims FluxOn Club is based out of Spain.

Katsanov himself lists his LinkedIn profile location as Lisbon, Portugal.

If Katsanov is based out of Portugal, that’s where in fact FluxOn Club is being operated from. Any ties to Georgia and Spain appear to only exist on paper.

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

The DOJ has filed David R. Pike’s superseding indictment, detailing four instances of fraud.

Last November news of David Pike’s arrest in August 2018 emerged.

The DOJ put off filing Pike’s indictment, owing to the possibility of additional charges.

Not sure if Pike’s initial indictment was ever filed, but the latest is a February 6th filed superseding indictment. [Continue reading…]