In our Apex review published yesterday, I asked what would happen if bitcoin mining wasn’t enough to pay affiliates their guaranteed $500 a month ROI.

If Apex and all the companies attached to it don’t cover their costs and generate $500 to pay out on each unit, what then?

Ironically, a lawsuit filed by a former principal of Apex answers that question. It also sheds light on what Apex affiliate investors can potentially expect. [Continue reading…]

Apex first appeared on BehindMLM’s radar a few months ago, as part of our ongoing Kuvera securities fraud coverage.

(Apex) will teach you how to make a passive income.

You make a one off investment and get paid every single month for the next five years.

That was back in May and since then, Apex has launched as a stand-alone opportunity.

Today we take a look at where Apex fits into Investview’s investment opportunity stable. [Continue reading…]

An filed amended complaint has added Ryan Morgan Evans to the SEC’s Saivian Ponzi lawsuit. [Continue reading…]

According to co-founder James Hardy’s lawyer, Nasgo is under investigation by the SEC. [Continue reading…]

Three weeks ago a reader informed us that IXQ TV has been “served with documents”.

Today IXQ TV’s website returns a 404 “not found” error.

An October 13th report on TorrentFreak has revealed the Motion Picture Association America was involved. [Continue reading…]

Sports Trading BTC’s website provides no information on who owns or runs the company.

According to Sports Trading BTC, their “headquarters are located in BVI ( British Virgin Islands).”

Assuming that’s true, which is unlikely, BVI is a scam-friendly jurisdiction with little to no meaningful regulation.

Despite its website domain only having been privately registered in July 2019, Sprots Trading BTC fraudulently claims it ‘has been in business since late 2016.‘

Further research reveals a video on Sports Trading BTC’s official YouTube channel titled “STB Announcement”.

In the video James Ward identifies himself as CEO and owner of the company.

James Ward (right) first popped up on BehindMLM’s radar in 2010, as the CEO of LGN Prosperity.

LGN Prosperity marketed travel vouchers, with each voucher generating a position in a matrix 2×2 cycler.

Following months of affiliates not getting paid, in mid 2011 LGN Prosperity morphed into LGN International.

This name-change brought on the addition of commissions paid on travel services booked through LGN.

LGN International eventually collapsed in mid to late 2013, with Ward heading up iBizWave as CEO and co-founder in early 2014.

In 2015 Ward launched 2SL Start Living, which saw him return to the travel MLM niche.

2SL Start Living was short-lived, prompting Ward to launch Pangea in 2016.

Pangea’s original business model was a matrix cycler hiding behind travel.

By early 2017 Pangea had collapsed. Ward rebooted Pangea with a new compensation plan.

The only material difference was the cycler expanded to three tiers, so it’s not surprising that Pangea 2.0 also didn’t last long.

Sports Trading BTC marks Ward’s return to the MLM industry. Like everyone else in the MLM underbelly, Ward has transitioned to cryptocurrency.

It’s worth noting that Sports Trading BTC leadership calls are hosted by Dwayne Golden, a serial-scammer in his own right.

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

My Crypto Consult’s website contains no information about who owns or runs the business.

My Crypto Consult’s website domain (“mycryptoconsult.io”) was first registered in June 2018.

The domain registration was last updated with private information on June 6th, 2019.

The only executive information I was able to dig up was Willi Morant, who credits himself as “Project Development”:

According to his personal Facebook page, Morant got involved with My Crypto Consult in late 2018.

Prior to My Crypto Consult Morant was promoting the collapsed Holiday Coin Club cycler and FGXpress.

Of note is My Crypto Consult may have ties to FutureNet:

As above, earlier this year FutureNet affiliates were pitching integration of FutureNet’s failed FuturoCoin Ponzi exit-scam coin.

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…]

Back in January we reported on Recycle Bot owner Laurie Suarez ignoring investor withdrawal problems.

Nine months later little has changed. And Suarez is up to his old tricks again. [Continue reading…]

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

Dacxi’s website domain (“dacxi.com”) was privately registered back in mid 2017.

Perusal of Dacxi’s social media profiles reveals Ed Ludbrook is founder and CEO of the company:

Why this information is not provided on Dacxi’s website is unclear.

Ed Ludbrook’s MLM claim to fame was his appointment as Chief Sales & Marketing Officer, Chief Leadership Officer and Asia Ambassador for OneCoin.

Shortly after joining OneCoin, Ludbrook stated the company was

a multi-trillion dollar opportunity that any fool will recognise once educated with the facts.

In July 2016 Ludbrook aggressively dismissed concerns OneCoin was a Ponzi scheme at one of his marketing events.

Ten months after OneCoin collapsed in early 2017, Ludbrook claimed he was misled by then founder and then CEO Ruja Ignatova.

US authorities have since confirmed OneCoin was a $4 billion dollar Ponzi scheme.

The DOJ is currently pursuing criminal cases against several OneCoin executives and insiders (including Ruja Ignatova).

During his time at OneCoin, Ed Ludbrook claims OneCoin’s affiliate investor-base grew from 600,000 to 2.5 million.

To date Ludbrook has not publicly apologized for his role in misleading OneCoin investors and causing widespread losses.

How much Ludbrook received in stolen OneCoin investor funds to promote the Ponzi scheme is unknown.

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

One of the objections Mark Scott raised against the DOJ providing witness testimony via CCTV was the timing.

Mr. Scott and his counsel cannot take a multiday trip to Ireland (which Mr. Scott too would be entitled to attend) while also preparing for a trial the Government has consistently sought to delay.

In an October 10th response filing, the DOJ reveals it isn’t so much the government wasting time as Scott asserts.

Rather it’s the Bank of Ireland employees they hope to present screwing them around. [Continue reading…]