Rather than front up to court and fight a lost cause, DFRF Enterprises defendant Jeffrey Feldman has settled.

Feldman, a previously convicted felon, was one of five DFRF Enterprises sued by the SEC back in 2015.

He was the front man for the company’s non-existent Ponzi insurance claims. [Continue reading…]

The earliest I recall hearing of the law firm Schulenberg & Schenk’s legal opinion on OneCoin was May 2016.

Turns out OneCoin engaged Schulenberg & Schenk to rubber stamp their Ponzi scheme a whole year earlier. [Continue reading…]

Following their departure from OneCoin, Veselina Valkova and Habib Zahid are gearing up to launch a clone of their own.

Details on Circle of Finance (aka Invicta) are currently sketchy, but here’s what we know. [Continue reading…]

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

The only executive named by Alagenex is Chief Marketing Officer, Pavol Krkoska.

Two Alagenex corporate addresses are also provided, both in Slovakia.

Alagenex’s website domain (“alagenex.com”) was privately registered back in 2015.

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…]

Ride to the Future operates in the forex and cryptocurrency trading MLM niches.

The company doesn’t provide a corporate address on its website.

In a marketing presentation provided on Ride to the Future’s website, the company claims its head office is in Panama.

Further research reveals this address is virtual office space provided by Regus.

On their official Facebook account, Ride to the Future cites itself as an “internet marketing service in Frankfurt, Germany”.

Heading up Ride to the Future is CEO Nair Segura.

On her LinkedIn profile, Segura claims she’s a “corporate communication consultant” based out of Panama.

Seguna doesn’t appear to have an MLM history, which when combined with

• Ride to the Future’s German Facebook presence;
• Panama being a scam-friendly jurisdiction; and
• Seguna’s professional history seeing her speak for corporations

…is pretty suspicious.

Seguna has appeared in at least one Ride to the Future corporate video, so she’s an actual person. What I’m not convinced about is her actually running the company.

Read on for a full review of Ride to the Future’s MLM opportunity. [Continue reading…]

Frequency operates in the forex and cryptocurrency trading MLM niches.

The company doesn’t provide a corporate address on their website. The company is currently being heavily promoted across South America.

Alexa currently estimates that 55% of traffic to Frequency’s website originates from Mexico. Uruguay is responsible for 38%.

Heading up Frequency is CEO Silvia Franch (right).

According to her social media profiles Franch is based out of Spain. This is likely where Frequency is being operated from.

Franch appeared on BehindMLM a few months ago as CEO of the FXTV Global Ponzi scheme.

FXTV Global appears to have collapsed shortly after launch. Now we have Silvia Franch heading up another suspect scheme.

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

WBank Wallet provides no information on their website about who owns or runs the company.

WBank Wallet’s website domain (“wbankwallet.com”) was privately registered in September 2019.

Despite not existing up until a few months ago, on its website WBank Wallet represents it has been around since October 2018.

An incorporation certificate for Singapore is provided on WBank Wallet’s website.

The incorporation corresponds to “WB Develop and Technology PTE. LTD.”, which was registered on January 22nd, 2019.

The address used to incorporate WB Develop and Technology PTE. LTD. is a virtual address provided by Davinci.

Two names feature in WB Develop and Technology’s incorporation, Joyce Lee and Charmaine Joshua.

Joyce Lee’s only tie to WBank Wallet appears to be curated social media content. I couldn’t find anything on Charmaine Joshua.

Given WB Develop and Technology appears to be a shell company, it’s highly likely these two individuals don’t exist.

WBank Wallet uses Fiverr actors in their official YouTube marketing videos:

One video claims to represent a WBank Wallet event held in Malaysia last October.

The video itself doesn’t contain any actual footage but does suggest WBank Wallet is being run out of Malaysia.

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…]

The OneCoin class-action plaintiffs have been given permission to effect alternate service on defendants OneCoin and Ruja Ignatova.

Alternative service for Sebastian Greenwood and Irina Dilinska was denied. [Continue reading…]

A reader contacted me requesting an update to our Viv review.

Hi Oz. Since you published your review there have been some changes with comp plan and services offered.

Would you update the review and verify if the new comp plan moved Viv into ponzi territory?

Thank you.

Our original Viv review was published in November 2018.

Viv still don’t link to a copy of their compensation plan on their website. A “compensation at a glance” PDF is available via Google, but it’s not complete.

Still, it was enough for me to see there had indeed been changes made to Viv’s compensation plan.

Today we revisit Viv for an updated review. [Continue reading…]

Click Cash’s website is a bit of a mess.

Whether intentionally or otherwise, “clickcash.cash” is set up to reject HTTP requests and return a “server not found”error message.

If you visit the subdomain “litecoin.clickcash.cash”, you’re presented with an affiliate login page.

As far as I know this is the only website Click Cash operates through.

Needless to say the company operates in secrecy and provides no information on its 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…]