Fininko’s website provides no information about who owns or runs the company.

In fact as I write this, Finiko’s website is nothing more than an affiliate login page.

Of note is Finiko’s website defaulting to Russian, suggesting that whoever is running the company is likely from Russia or a neighboring country.

At the time of publication Alexa cites Russia as the top source of traffic to Finiko’s website (70%).

Marketing videos on Finiko’s official YouTube channel are also 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…]

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

Mining Up’s website domain (“mining-up.com”) was privately registered on December 13th, 2019.

Alexa started recording trackable traffic to Mining Up’s website from January 2020.

On their website Mining Up provides an address in Tallinn, Estonia.

Given Alexa cites Brazil, Japan and Russia as the top three sources of traffic to Mining Up’s website, it is assumed Mining Up exists in Estonia, if at all, on paper only.

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…]

Bulavita is marketing their M20 Boost supplement as a way to “inhibit the growth of human cancer cells”.

Ruh-roh… [Continue reading…]

Crypto help by the 8 Figure Lifestyle Dream defendants will be liquidated at the current market rate.

A preliminary injunction granted last July froze the assets of John Bain, Alex Dee, Brian Kaplan and Jerrold Maurer.

The above defendants ran the 8 Figure Dream Lifestyle gifting scheme. Last June the the FTC sued Bain, Dee, Kaplan and Maurer for telemarketing and consumer fraud.

The granted injunction, which froze the defendants assets, included their cryptocurrency holdings. [Continue reading…]

Mauritius’ Financial Service Commission has issued a securities fraud warning against Crowd1. [Continue reading…]

Elysium Network operates in the “money management” MLM niche.

The company provides three corporate addresses, in Hong Kong, Estonia and Sweden.

Heading up Elysium Network is founder, CEO and Chief Legal Officer Fred Pascal Stege.

As per Stege’s Elysium Network’s corporate bio;

Fred is an experienced C-level executive with a law enforcement background.

An entrepreneur and tech investor with a demonstrated history of working in management consulting roles in the affiliate marketing industry, he has a proven track record of success in Operations, Finance, Financial Markets, Trading, Marketing, Management and Sales in multi-billion US$ ventures.

According to Stege’s Facebook profile, he’s based out of Malmo, Sweden. Thus it appears Elysium Network exists in Hong Kong and Estonia in name only.

The earliest record of Stege’s involvement in the MLM industry I was able to find dates back to 2005. Stege was a co-owner of Vemma’s European, African and Israeli markets.

In 2010 Stege left Vemma. A year later he founded Origin Pure, a nutrition based MLM company.

BehindMLM came across Stege in our April 2014 review of Origin Unite.

On the executive side of things, Fred P. Stege appears to have been primarily involved in MLM lead generation and marketing.

By 2016 Origin Pure and Origin Unite had collapsed, prompting Stege to sign on as General Manager for Northern Europe at Jeunesse.

According to Stege’s LinkedIn profile, he held the position until May 2019.

Elysium Network was founded a few months ago (website domain reg last updated March 2020). Other components of the company appear to have been put in place starting mid to late last year.

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

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

The company claims to be “registered in Selham Selham, United Kingdom”, however the provided certificate is blank (literally a blank PDF file).

In any event, even if ActiveGlobeBTC was incorporated in the UK, UK incorporation is dirt cheap and effectively unregulated.

It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

ActiveGlobeBTC’s website domain (“activeglobebtc.com”) was privately registered on December 12th, 2019.

Despite only coming into existence late last year, ActiveGlobeBTC claims it has been running for over 5000 days.

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…]

One100 provides no information on its website about who owns or runs the company.

One100’s compensation documentation states the company is “powered by HiLife Secure India.

HiLife Secure India has its own website but provides no ownership information. According to the company’s website it is based out Secunderabad, a city in the Indian state of Telangana.

Both One100’s and HiLife Secuire India’s respective website domains are registered to “Sidhartha”, through a Telangana address.

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…]

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

The “about us” section of Navan Global’s website reveals the company’s owners are former MLM distributors.

After 12 years in the industry, we became disenchanted with the status quo. We were tired of seeing good people, who were trying to improve their lives, being taken advantage of.

When we could no longer find a company we trusted to build a team with, we knew it was time to fix the problem and create our own.

Further research reveals an October 2019 press-release citing Trey Knight as Navan Global’s founder and CEO.

Knight (right) appears to have made a name for himself in the Fortune Hi-Tech Marketing pyramid scheme. For his efforts, Knight found himself a named defendant in a civil lawsuit against the company.

The FTC shut down FTHM in 2013, confirming the company operated as a pyramid scheme.

Knight bailed before the FTC action, joining Limu in 2011, I wasn’t able to pin down when he left.

Next up Knight served as President of Sozo Global. That lasted until Sozo Global collapsed in 2016. The company was sold off to Youngevity later that year.

There appears to be a gap in Knight’s MLM career between 2016 to late 2019, which brings us to Navan Global’s launch.

Knight is only referenced as founder and CEO of Navan Global in an April 2020 company blog post. Why executive information isn’t readily provided on Navan Global’s website is unclear.

Of note is the collective tense used in Navan Global’s “about us” page. This suggests Knight is not working alone but isn’t confirmed.

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

Isagenix has voluntarily withdrawn its US lawsuit against Modere.

The company states it will now commence proceedings in Australia. [Continue reading…]