Mauritius’ Financial Services Commission has issued a securities fraud warning against Cloud Token.

In their warning the FSC singles out Cloud Token affiliates promoting the investment opportunity through social media.

The groups “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by name. [Continue reading…]

Yo yo yo what’s up guys, it’s your boy Oz here with another video.

Today we’re checking out On Become a God in Central Florida and answering if it sucks.

Before we get into that though, remember to like and smash that subscribe button and be sure to stay to the end of the video for a giveaway.

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Yeah alright, that’s enough of that. [Continue reading…]

As part of their BBC Sounds podcast collection, presenter Jamie Bartlett is exploring the disappearance of OneCoin’s Ruja Ignatova. [Continue reading…]

The FTC has advised Vemma victims will soon be receiving settlement checks in the mail. [Continue reading…]

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

Greenox Club’s website domain (“greenoxclub.com”) was privately registered on September 15th, 2018.

Greenox Club marketing videos suggest the company is being run by this guy:

No idea who he is but based on a May 2019 marketing video, he appears to be based out of Croatia.

Update 30th April 2020 – A reader wrote in and identified the above individual as Niko Mrdenovic.

Mrdenovic features on Robotina’s website as their SMO (social media optimization?).

According to Mrdenovic’s Robotina corporate bio;

After founding Greenox Smart Ltd., he helped various start-ups as Regional Sales Manager and marketing companies as Chief of Operations.

Our source claims

Mrdenovic lives in Slovenia. The official owner of Greenox Smart is Tina Hrsak (girlfriend of Niko Mrdenovic).

/end update

Supporting Greenox Club being operated out of Croatia is the use of euros to fund its compensation plan.

That said, Greenox Club’s primary investor-base seems to be Asians. Languages other than English provided on Greenox Club’s website are Japanese and South Korean.

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…]

IX Wallet operates in the cryptocurrency MLM niche.

The company claims its “team” works from the US, China and Israel.

Heading up IX Wallet is Yang Li, Sergey Storojuk and William Clark.

Yang Li’s and William Clark’s names are too generic to research and verify an MLM history.

Sergey Storojuk doesn’t appear to exist outside of IX Wallet marketing, which I’m flagging as highly suspicious.

Take the provided IX Wallet corporate bios above with a grain of salt.

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

When I started researching this review, FXTV Global had a fully-functioning website in Spanish.

As it stands now FXTV Global has restricted access to their website.

Visitors to the FXTV’s website are presented with an affiliate login form. Public information about the company that was previously available appears to have been deleted.

With that out of the way, here’s what I was able to put together.

FXTV Global was co-founded by Daniel Grenon and unknown partners.

In FXTV Global’s compensation plan Grenon is credited as FXTV Global’s Chief Marketing Officer.

On the company’s official Facebook page however, Grenon is credited as a co-founder.

Daniel Grenon has a long history of participation and promotion of Ponzi schemes.

We first clocked Grenon back in 2016, in conjunction with the OneCoin Ponzi scheme.

Since then Grenon has fronted a number of short-lived MLM Ponzi schemes, including

• Worldwide Cryptocurrency Investment (mid 2017)
• CGI Limited (early 2018) and
• Global Game Arena (early 2019)

Grenon has a habit of running companies he’s involved in from the shadows. FXTV Global is no different, with Silvia Franch cited as CEO.

A few years back Franch was a distributor of 1Fashion Global.

More recently Franch has gotten involved in cryptocurrency Ponzi schemes. Prior to FXTV Global, Franch was promoting Arbistar.

According to Franch’s Facebook profile, she’s based out of De Mallorca, Spain. This ties into FXTV Global’s website appearing natively in Spanish.

Daniel Grenon is based out of Quebec, Canada.

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

Defendants Phillip Piccolo, Kevin Johnson, Joseph Reid and Paul Morris have filed their answer to Armen Temurian’s Vista Network lawsuit.

The defendants have also filed a counterclaim with their answer. [Continue reading…]

The Brazilian SEC has launched an investigation into the Investimento Bitcoin Ponzi scheme. [Continue reading…]

Exchange Wallet operates in the cryptocurrency MLM niche.

The company provides what appears to be a virtual address in Slovenia on its website.

Heading up Exchange Wallet is CEO Christian Kurt Singer.

Christian Kurt Singer’s name only appears on the internet on Exchange Wallet’s website.

Singer (right) doesn’t have a digital footprint, meaning his corporate and business background are unknown.

This is a major red flag suggesting Singer doesn’t exist, or might be using a pseudonym.

Either way the head of an MLM company being an unknown with no verifiable past raises questions.

Of note is Exchange Wallet’s website defaulting to German. Exchange Wallet’s website domain was also registered using an incomplete address in Carinthia, Austria.

This suggests that Exchange Wallet is being run out of Austria. Any ties to neighboring Slovenia appear superficial.

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