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…]

New Regency Television International has secured the rights for the BBC’s The Missing Cryptoqueen podcast, paving the way for a TV series. [Continue reading…]

FCB Trades claims to operate in the forex trading MLM niche.

A residential address in the Netherlands is provided as a corporate address on FCB Trades’ website.

In the “whitepaper” section of their website, the company also provides an incorporation certificate for the UK and trademark registration for the Netherlands.

The UK incorporation is for Instituo Cervantes Limited and dates back 1997. On its website FCB Trades claims to be “a subsidiary of foundation cervantes benelux”.

UK Companies House records are notoriously rife with fraud, so this incorporation certificate is meaningless.

The Dutch registration is for for Instituo Cervantes and dates back to 2011. Given it’s for a trademark and not for FCB Trades, the document is less than meaningless.

Considering FCB Trades’ website domain (“fcbtrades.nl”) was only registered on December 19th, 2019, this incorporation certificate is also meaningless.

Supporting both certificates having nothing to do with FCB Trades is the blatant use of stock photos to represent FCB Trades’ four, yes four CEOs:

Quite obviously none of these people actually exist.

A marketing presentation video on FCB Trades’ official YouTube channel appears to feature an actor reading off a script.

From all of this, we can surmise that none of the corporate information provided by FCB Trades is legitimate.

This includes whether in fact FCB Trades is being run by someone from within the Netherlands.

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…]

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

The “About Us” section of AmadeusBank’s website contains copy and pasted text from Luminor, an actual Estonian bank.

Given this, it is assumed the plethora of board names AmadeusBank provides on the same page are bogus.

What this does suggest is that whoever is running AmadeusBank is likely based out of Europe.

AmadeusBank’s use of “Standart Portfolio” could mean Turkey (“standart” is Turkish for “standard”). Apparently “standart” is also a common misspelling of “standard” in Czech.

AmadeusBank’s website domain (“amadeusbank.com”) was privately registered on October 17th, 2019.

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…]

Neora has moved to dismiss the FTC’s pyramid scheme lawsuit against it.

The company argues the FTC’s lawsuit should be dismissed, owing to it filing a “duplicative” lawsuit first in Illinois.

In the alternative, Neora wants the FTC’s New Jersey lawsuit moved to Illinois or Texas. [Continue reading…]

In his filed Memorandum in support of post-trial motions, Mark Scott’s attorney claims Scott was ignorant of Gilbert Armenta’s conduct.

He also insists the DOJ failed to provide sufficient evidence of money laundering, despite a jury convicting Scott on all counts. [Continue reading…]

7Up TV provides no information about who owns or runs the company on their website.

7UP TV’s website domain (“7uptv.com”) was privately registered on November 11th, 2019.

Further research reveals NuMedia marketing 7UP TV as a distributor upgrade:

NuMedia is owned by Ferras Jim Pshehalouk, who goes by Jim Ferras.

In mid 2015 Dish Network sued Ferras and his company TVizion for copyright infringement.

Pshehalouk (right) failed to defend the lawsuit, resulting in a $5.9 million dollar judgment against him.

Rather than stop committing copyright infringement, Pshehalouk doubled down and rebranded TVizion as NuMedia.

Through NuMedia Pshehalouk has continued to provide access to pirated content. Not really sure where 7UP TV fits into this but it’s being pitched as a newly launched separate company.

Read on for a full review of 7UP TV’s MLM opportunity. [Continue reading…]

Jason and Eungung Cardiff are challenging a previously granted preliminary injunction.

The injunction is part of the FTC’s case against Redwood Scientific Technologies, which the Cardiff’s own. [Continue reading…]

Although you won’t find press-releases from the MLM spam machine here on BehindMLM, that doesn’t mean I don’t keep an eye on things.

Earlier today a story on BusinessForHome caught my attention: Vyvo signs $88 million letter of intent with Helo Corp.

Helo Corp? Isn’t that also one of Vyvo owner Fabio Galdi’s companies? Lulwut? [Continue reading…]