Arcaro, Maasen & YouTube dismissed from BitConnect class-action
Claims against BitConnect class-action defendants Glenn Arcaro, Ryan Maasen and YouTube have been dismissed. [Continue reading…]
18K Ronaldinho Review: Failed watch business turns crypto Ponzi
18K Ronaldinho operates in the “designer products” MLM niche.
The company only cites a “virtual office” on its website but does cite Marcelo Lara as President of the company.
On LinkedIn Lara goes by Marcelo Marcelino, and cites himself as owner and CEO of the company.
Why this isn’t disclosed on 18K Ronaldinho’s website is unclear.
According to his LinkedIn profile, Marcelino is based out of Florida in the US. This is also presumably from where 18K Ronaldinho is also operated from.
Despite being based out of the US, in its marketing material 18K Ronaldinho pretends it’s based out of the Bahamas and Hong Kong:
Note that Mareclino also heavily targets Brazil in his 18K Ronaldinho marketing efforts.
As far as I can tell, 18K Ronaldinho is Marcelino’s first MLM venture as an executive.
Read on for a full review of the 18K Ronaldinho MLM opportunity. [Continue reading…]
Happy Donation Review: Matrix gifting with bad math
Happy Donation provides no information on their website about who owns or runs the business.
Happy Donation’s website domain (“happy-donation.net”) was first registered in 2016.
The anonymous registration was last updated in October 2018.
Despite natively appearing in German, Alexa estimates 63% of visitors to Happy Donation’s website originate from Russia.
The Ukraine is the second largest source of traffic at 21%.
Though not definitively conclusive, this data points to whoever is running Happy Donation being based out of Europe.
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…]
Global Game Arena Review 2.0: Doubling down on investment fraud
A while back Global Game Arena owner Frode Jorgensen reached out regarding “GGA 2.0”.
Following Global Game Arena’s collapse back in April, today we revisit the opportunity to see what’s changed. [Continue reading…]
Intimidation used in Redwood contempt proceedings
The FTC vs. Redwood case seems to have fallen off my calendar, likely due to me forgetting to pen down an update.
In any event I was reminded of the case earlier today by a reader.
Looking at the case docket, wooh it’s a bit of a doozy. [Continue reading…]
Mark Scott’s OneCoin trial rescheduled to November 4th
Following a failed bid to blame the DOJ for production of evidence so close to trial, Mark Scott’s OneCoin trial has been postponed till November. [Continue reading…]
FTC goes after top MOBE affiliate Steven Bransfield for $9.4 million
Top MOBE affiliate Steven Bransfield has revealed the FTC is going after him.
The revelation was noted by the MOBE Receiver in his latest August 29th update report, following Bransfield’s bankruptcy filing. [Continue reading…]
Bitqyck a $13 million fraudulent scheme says SEC
The SEC has filed a lawsuit against Bitqyck and owners Bruce Bise and Samuel Mendez.
The regulator alleges Bise and Mendez ” engaged in deceptive conduct”, and that Bitqyck itself was a $13 million dollar scam. [Continue reading…]
Valentus beta-phenylethylamine warning issued in Denmark
The Danish Veterinary and Food Administration has issued a warning regarding several of Valentus’ coffee blends. [Continue reading…]
Mark Scott backflips on evidence review process, DOJ not happy
With just five weeks to go till his OneCoin criminal trial, Mark Scott has backflipped on the review process he’s been fighting against for months.
The DOJ has labelled Scott’s backflip an obstruction. And indeed the actions of Scott and his attorneys will now likely lead to a delay in his trial. [Continue reading…]
