On June 19th the FTC filed a fresh motion requesting sanctions against Jason and Eunjung Cardiff.

As alleged by the FTC, the Cardiffs have failed to comply with a filed March 31st contempt order.

This was followed up by an emergency ex-parte application for a TRO, filed on June 23rd.

The FTC’s application was initially filed under seal. It was unsealed via July 2nd court order. [Continue reading…]

Fok Fook Seng, better known as Fred Fok, has been fined $71,000 for promoting the OneCoin Ponzi scheme in Singapore. [Continue reading…]

Juuva was founded in 2013 and operates in the nutritional supplement MLM niche.

The company fails to provide a corporate address on its website. On Facebook however Juuva states it’s “headquartered in Pleasant Grove, Utah”.

Heading up Juuva are co-founders Frankie Kiow and Grant Pace.

Frankie Kiow is credited only as one of Juuva’s co-founders. As per his corporate bio, Kiow

is a member of the Juuva Board of Directors and from Shanghai leads Juuva’s preparations to formally enter China.

Frankie has more than 31 years direct sales and networking experience in Asia.

MLM companies featured in Kiow’s corporate bio include Longrich International, Joymain, Orient Life, Winalite Sara Lee and Nu Skin.

Kiow’s involvement in each of these companies appears limited to China.

Grant Pace is cited as Juuva’s President, CEO and Chairman of the Board of Directors.

As with Kiow, Grant’s Juuva corporate bio credited with ‘over 25 years of experience in the direct selling industry’.

This includes executive positions with Shaklee, Nu Skin, Sara Lee and Avon.

Of note is Kiow and Grant’s involvement in the Chinese MLM approval process.

(Grant) has extensive experience in China where, together with Frankie Kiow, he helped secure Direct Selling Licenses in China for four of the current seven US companies with government granted licenses in China.

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

A bankruptcy Trustee has claimed JRJR33 President, CEO and Chairman of the Board, John P. Rochon, with the assistance of his children, ‘pillaged and decimated more than a dozen companies under his control’. [Continue reading…]

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…]