ATMxNet provides no information on its website about who owns or runs the business.

The company does provide a UK corporation number, which corresponds to ATMXNET Limited.

As per Companies House records, ATMXNET Limited was incorporated in May 2017 and dissolved in October 2018.

The stated reason for dissolving the company was compulsory strike-off.

Note that UK incorporation is dirt cheap and for the most part unregulated.

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

ATMxNet’s website domain (“atmxnet.com”) was registered in May 2017. Thomas Prince is registered as the owner, through a street address in London.

No information on Prince exists outside of ATMxNet’s UK incorporation data. Whether he actually exists is unclear.

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…]

Zhunrize and owner Jeff Pan have been hit with $132 million dollar final judgments. [Continue reading…]

As of November 8th the dispute between iGalen and product supplier ATM Metabolics has been resolved.

As a result of the settlement, iGalen lost access to ATM Metabolics’ Emulin product. [Continue reading…]

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

ZmartBit’s website domain (“zmartbit.com”) was privately registered on September 20th, 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…]

US authorities have arrested a second OneCoin money launderer, David R. Pike.

Pike worked with convicted OneCoin money launderer Mark S. Scott. He was apprehended after lying to federal agents about laundered OneCoin money. [Continue reading…]

Wakaya Perfection has sued their insurer, Liberty Mutual, for failing to uphold an insurance contract.

In answering Wakaya Perfection’s lawsuit, Liberty Mutual has turned around and filed a counterclaim. [Continue reading…]

A Bangkok court has found Derrick Keller not guilty over his association with the Eagle Gates Group Ponzi scheme. [Continue reading…]

In a verdict that will likely surprise no one, a jury has found Mark Scott guilty of laundering money for OneCoin. [Continue reading…]

Following the denial of Charles Scoville’s SCOTUS writ bid, the Receiver has announced the victim claims process is moving forward. [Continue reading…]

The Norwegian Gaming Board has reported Lyoness to local police.

The regulator suspects Lyoness, who also operates at Lyconet and Cashback World, has committed “criminal offenses” across the country. [Continue reading…]