From time to time I run a few searches to check up on our cast of characters.

Last night I came across an interesting search result. Turns out Montana served Nui a securities fraud cease and desist last September.

In hindsight, this goes a long way to explain Darren Olayan’s subsequent disappearance and the whole Appliqate debacle. [Continue reading…]

Lyoness appear to be gearing up to use passive real-estate returns to encourage shopping unit investment.

The news broke on March 28th, via a webinar featuring CEO Hubert Friedl. [Continue reading…]

A distributor has mashed PureTrim products, Easter and COVID-19 into a shameless marketing pitch.

Oh goodie. [Continue reading…]

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

A May 2019 UK incorporation certificate is provided, which corresponds to “Bitles Limited”.

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

Bitles website domain (“bitles.eu”) was privately registered on April 11th, 2019.

At the time of publication Alexa cites Japan (24%), India (11%) and Vietnam (7%) as the top three sources of traffic to Bitles 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…]

GIG-OS is the latest chapter in the EmGoldex scam saga.

EmGoldex was a gold themed cycler Ponzi scheme that launched in 2014.

Following multiple regulatory investigations and fraud warnings (the US, Philippines, Malaysia, UAE), EmGoldex collapsed in mid 2015.

The company rebooted as Global InterGold shortly after the collapse, carrying on as if nothing happened.

In November 2015 Philippine authorities filed criminal charges against local ringleaders.

Since then Global InterGold fraud warnings have been issued by Curacao and Peru.

In February 2019 authorities in Sweden arrested Joseph Tran, a serial Ponzi scammer who dated back to the EmGoldex days.

Two months ago Global InterGold collapsed and was rebooted as GIG-OS.

GIG-OS (Global I Gold Online), has been set up as a bogus shell company in England.

Who owns and operates any of the EmGoldex companies has never been publicly disclosed. In our Global InterGold review, marketing footage suggested eastern Europeans were behind the scheme.

This is supported by the majority of EmGoldex/Global InterGold/GIG-OS marketing videos being natively recorded in Russian.

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…]

What’s left of Dennis Windsor’s lawsuit against Nerium has been dismissed by a Texas court. [Continue reading…]

Legal correspondence between attorneys alleges WorldVentures’ revenue has been “decimated”.

The leaked email correspondence pertains to a Texas District court case, which WorldVentures is defending. [Continue reading…]

BitClub Network scammer Joby Weeks has filed another emergency release motion.

Among others, Weeks’ motion is addressed to President Trump, Vice President Mike Pence, “All the Supreme Court Justices”, William Barr (US AG), and New Jersey Senators Corey Booker and Robert Menendez. [Continue reading…]

MarketPeak operates in the MLM cryptocurrency niche. The company represents it is incorporated in Dubai, specifically;

PEAK TECH – FZCO, DSO-THUB, Dubai Silicon Oasis, Dubai – UAE

MarketPeak is headed up by CEO and co-founder Sergej Heck.

Most of the information available on Heck (right) is in German. That said I was able to verify information a reader sent in, tying Heck to a number of MLM Ponzi schemes.

Prior to founding MarketPeak Heck promoted Questra Global (this SteemIt article claims he convinced others to invest 9 million) and Cryp Trade Capital.

Heck also appears to have been involved in the BeOnPush Ponzi scheme in 2017.

There is of course no mention of any of these companies in Heck’s MarketPeak corporate bio. Instead Heck’s serial scamming is reduced to him supposedly being

famous for his enormous success in establishing a global sales team in only a matter of months.

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

Forsage provides no information on its website about who owns or runs the company. In fact Forsage claims it doesn’t have an admin.

The project Forsage no admin.

This is of course baloney, as someone obviously set up the company’s website and runs and profits from it.

The presence of Russian on Forsage’s default English language website suggests someone fluent in Russian is behind the company:

At the time of publication Alexa cites the US (22%), India (7%) and Venezuela (6%) as the top three sources of traffic to Forsage’s website.

Forsage’s website domain (“forsage.io”) was privately registered on February 9th, 2020.

Update 1st July 2020 – In a regulatory fraud warning, the Philippines SEC has outed Lado Okhotnikov as owner of Forsage.

This tracks with Forsage affiliate promotional material, which also cites Okhotnikov (right).

Okhotinov appears to reside in Moscow, Russia. However based on social media postings he is believed to currently be based out of Tbilisi, Georgia. /end update

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…]