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

Lyfcoin’s website domain (“lyfcoin.club”) was first registered in October 2017. The registration was last updated with incomplete details in April 2019.

This is likely when the Lyfcoin’s current owners took possession of the domain.

An incomplete address in Estonia is provided on Lyfcoin’s website, suggesting the company is being operated out of Europe.

Supporting this is Lyfcoin’s terms and conditions, which state they are “governed by the laws in force in United Kingdom [sic]”.

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…]

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

YouXWallet’s website domain (“youxwallet.io”) was privately registered on May 10th, 2019.

In their marketing material, YouXWallet represent they are based out of Estonia, with an administrative office in Portugal.

Despite offering a language selector tool on their website, YouXWallet’s website language is currently locked to Portuguese. This is represented by a Brazilian flag.

Additionally, Alexa currently estimates that 88% of traffic to YouXWallet’s website originates out of Brazil.

This strongly suggests that whoever is running YouXWallet is actually based out of Brazil, or at a minimum is from Brazil but living elsewhere.

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…]

Following an investigation into Herbalife’s Chinese operations, the SEC has determined the company uses it’s global compensation plan across the country.

As Herbalife reveals in its own SEC filings, ‘[i]n China, while direct selling is permitted, multi-level marketing is not.‘ [Continue reading…]

Hinode Group operates in the personal care and nutritional supplement MLM niches.

The company is based out of Brazil and headed up by co-founders Francisco and Mrs. Adelaide Rodrigues.

As per Hinode Group’s website;

Mr. Francisco and Mrs. Adelaide Rodrigues founded Hinode in 1988 from their home garage.

Today, their son Sandro Rodrigues is President of the Hinode Group.

Other children of the Rodrigues’ are also involved in running and management of the company.

One thing to note is that while Hinode Group was founded in 1988, the MLM side of the business didn’t launch until 2008.

Hinode Group primarily operates in and targets Brazil. This is reflected in Alexa estimating that 61% of its website traffic originates out of the country.

Bolivia is another significant market for Hinode Group, accounting for 9% of website traffic.

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

As bits and pieces of the US DOJ case against OneCoin and its executives are unsealed, we’re getting a clearer picture of where the case is at.

In a recent filing concerning potentially privileged information, a previously sealed order has revealed the New York court’s position on the DOJ’s evidence. [Continue reading…]

As part of a civil case brought against him by the SEC, William Apostelos has received an $11.1 million dollar disgorgement judgment.

Apostelos popped up on BehindMLM’s radar in 2014, through a review we did on Genesis Acquisition International.

Turns out Genesis Acquisitions was part of a wider Ponzi scheme, which was Apostelos was busted for a month after our review. [Continue reading…]

Pursuant to a sealed July 23rd order, the DOJ is seeking access to potentially privileged evidence. [Continue reading…]

In a September 16th court filing, Online Education Academy has advised it is “suspending its business and dissolving as soon as possible”. [Continue reading…]

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

CryptZek’s website domain (“cryptzek.com”) was privately registered on March 27th, 2019.

On their website CryptZek claims to be

an investment company registered in the United States Of America, under the Accounting and Corporate Regulatory Authority (ACRA) with Registration Number 10874403.

ACRA is a Singapore regulatory body that has nothing to do with the US.

Furthermore even if you punch in the supplied registration number on ACRA’s website, nothing comes up:

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…]

Planet Impact operates in the educational MLM niche and claims it’s “the Netflix of environmental protection”.

The company provides a corporate address in Malta on its website.

Our headquarter is in Malta’s exclusive Smart City, the new hub for international IT.

Heading up Planet Imapact are co-founders Aron, Stephan and Christian Steinkeller (right), and Oscar Dalvit. Adrian Szumski serves as CEO.

Collectively known as the Steinkeller brothers, the trio made a name for themselves promoting Organo Gold.

The Steinkeller’s reputation took a hit when they left Organo Gold to launch Conligus, an MLM penny auction pyramid scheme.

They then went on to completely trash what was left of their reputations by stealing millions through the OneCoin Ponzi scheme.

Today this is what the Steinkeller brothers are best known for across the MLM industry.

Amid an ongoing investigation by Italian authorities and reported ties to the mafia, the Steinkeller brothers abruptly abandoned their OneCoin downline in May 2017.

As per a press-release issued by OneCoin corporate announcing their departure;

Aron, Christian and Stephan Steinkeller will retire from the network marketing business to go long-term on new exciting, confidential project, outside the MLM business.

At the time the brothers were reported to be stealing around $2.5 million a month from OneCoin victims.

Since OneCoin the Steinkellers have lay low. Planet Impact appears to be their return to the MLM industry.

Oscar Dalvit has experience launching and running MLM companies.

In 2017 Dalvit launched Bilpix, an attempt to combine MLM with pixel billboard advertising.

Possibly due to language barriers, I was unable to put together an MLM history for Adrian Szumski.

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