An FMA investigation into Tycoon69 has lead to the company’s collapse in Switzerland.

As per an email sent out by the Vischer law firm, Tycoon69 has declared bankruptcy. [Continue reading…]

The Philippines SEC has issued a fraud warning against the Forsage gifting scheme.

They’ve also outed Lado Okhotnikov as owner of the scam. [Continue reading…]

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

AMZCoin’s website domain (“amzcoin.technology”) was registered in October 2019.

The registration is marked private, save for disclosing Portugal in the provided address.

As per a whitepaper hosted on AMZCoin’s website;

VISIONARIA is a Business Hub that makes investments in several sectors to create and launch AMZcoin.

Visionaria is presented as the parent company behind AMZCoin, which in turn is headed up by CEO Andre Cunha (right).

As per his personal Facebook profile, Cunha is based out of Portugal. This fits with AMZCoin’s website domain registration.

Despite being operated from Europe however, AMZCoin is currently being primarily promoted in Indonesia.

At the time of publication Alexa cites Indonesia as the top source of traffic to AMZCoin’we website (31%).

Possibly due to language-barriers, I was unable to put together an MLM history on Cunha.

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…]

EasyClub doesn’t have a website per se. The company is primarily promoted across social media, namely Facebook and Telegram.

A supposed “open-source website” has been setup at “ecgame.netlifly.app”.

Netlify bills itself as “the fastest way to build the fastest sites”. Beyond being a host provider, I don’t believe the company has any relationship to EasyClub.

As I write this Alexa cites India as being the top source of traffic to EasyClub’s website (86%). A lot of EasyClub promotion is also targeted at Indians.

Given this, it’s highly probably that whoever is running EasyClub is based out of India.

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…]

Dutch media are reporting several police units responded to a situation at Igor Alberts’ and Andreea Cimbala’s Netherlands residence.

The incident took place on Sunday evening and may have involved armed individuals. [Continue reading…]

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

FCML’s website domain (“fcml.ltd”) was privately registered on February 18th, 2020.

In an attempt to appear legitimate, FCML provides a UK incorporation number corresponding to “Forex Capital Marketing Limited”.

Forex Capital Markets Limited was incorporated in September 2000. Whether the incorporation has anything to do with FCML is unclear.

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

FCML’s “about us” pitch struck me as a little odd;

FCML LTD trading is a community of several people united by the love of mankind, wealth building, excitement and money.

I punched “community of several people united by the love of mankind” and found the same copy used on Bit Xchange, International Relieve Trade Group and Oduwa Coin.

Bit Xchange appears to be a 1:1 clone of FCML. Bit Xchange’s website domain was registered last August.

Based on Alexa traffic estimates, Bit Xchange has long-since collapsed.

International Relieve Trade Group is a Ponzi scheme advertising monthly returns of up to 75%.

Oduwa Coin is a pump and dump shitcoin that launched last year.

OWC pumped to $1.30 when it was publicly listed on an exchange in February 2019. It dumped and then flatlined in value at ~14 cents since last August.

Bit Xchange definately appears to be linked to FCML. Whether Relieve Trade and Oduwa Coin are linked or just had their websites scraped I can’t say.

In any case, FCML is either run by content thieves, serial scammers or both.

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…]

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

Plumtroid’s website domain (“plumtroid.com”) was registered on February 15th, 2020.

“Divide Milton” is listed as the owner, through a fake address in New York. Given the fake address provided, it’s assumed “Divide Milton” doesn’t exist either.

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…]

I came across Jaa Lifestyle as part of my research into Lifestyle Marketing Group.

I found it odd that Lifestyle Marketing Groups’ CEO Shain Hymon appeared to be heading up two companies simultaneously.

Not wanting things to get complicated, I published our Lifestyle Marketing Group review and marked Jaa Lifestyle for a separate look.

I initially thought Jaa Lifestyle launched after Lifestyle Marketing Group.

Upon researching Jaa Lifestyle though, I found evidence the company started off as a securities fraud offering:

Jaa Lifestyle seems to have launched on or around mid May. Whether the illegal unregistered securities offering is still part of the opportunity I can’t say.

I didn’t come across it in the compensation plan material I used as source material for this review.

Lifestyle Marketing Group’s website domain was registered in April 2019. The company went into soft launch on June 1st 2020.

Eight days later on June 8th a “remodeling” was announced:

JUNE 8, 2020

Important Updates & Changes Moving Forward

LMG is Remodeling our company to ensure a successful launch and long term success moving forward.

During the remodeling period LMG will not be accepting any new members. This means the share links are not available until further notice.

Lifestyle Marketing Group’s website is still up, so who knows what’s going on there.

Jaa Lifestyle appears to be run in tandem with Lifestyle Marketing Group. If one company is supposed to replace the other it’s not made particularly clear.

In any even the only executive tied to Jaa Lifestyle is Shain Hymon. He appears to be behind both companies.

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

Vivri is based out of Texas. The company operates in the nutritional supplement and personal care MLM niches.

Heading up Vivri is founder and CEO Daniel Chavez Saul.

According to Saul’s Vivri corporate bio, he

worked previously as an investment banker in New York for Goldman Sachs and as a strategy consultant for McKinsey & Company in several cities around the U.S. and India.

He studied Economics at Harvard University, Economics and Managerial Studies at Rice University, and earned an MBA from Stanford University.

Vivri appears to have launched on or around late 2017. Possible due to language barriers, I was unable to find an MLM history on Saul prior to Vivri’s launch.

One would assume Saul didn’t just jump from finance and consulting to launching his own nutrition MLM company, so it seems there’s some missing information.

Of note is Vivri was recently targeted by the FTC for bogus COVID-19 product claims. Vivri appears to have addressed this by adding the following to their website footer:

This product is not intended to diagnose, treat, cure, or prevent any disease including Coronavirus (COVID-19).

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

Regulators are belatedly turning up the heat on Crowd1 in South Africa.

The latest regulatory body to announce it is investigating the Ponzi scheme is the National Consumer Commission (NCC). [Continue reading…]