Genesis Business Group operate in the trading MLM niche.

The company’s website domain (“goldtinkle.com”) was registered on December 9th, 2018.

Heading up Genesis Business Group is founder and Group Chairman, David Cheng.

While Cheng (right) appears to be a real enough person, I was unable to find anything about him outside of Genesis Business Group marketing.

Mr. David Cheng was a Hong Kong born, British citizen, educated and brought up in England.

Mr. Cheng received his MBA in Business Management and Administration in 2007.

He has two decades experience in finance and devoted in the particular field of promoting products.

That last sentence is particularly suspicious given the lack of independent information on Cheng available.

On the corporate side of things, Genesis Business Group is based out of Malaysia.

In what appears to be an attempt at disingenuous regulatory compliance, Genesis Business Group provides details of NFA registration.

According to their website,

NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry.

For the purposes of regulatory due-diligence, Genesis Business Group’s NFA registration is meaningless.

Highlighting this even further is that, even though Genesis Business Group has an NFA ID, its registration page states it’s a “non-member and not subject to NFA oversight”.

Read on for a full review of the Genesis Business Group MLM opportunity. [Continue reading…]

Following the collapse of its Ponzi scheme, Exp Asset continues to string investors along.

The latest is a fourteen-day deadline for affiliate refunds. [Continue reading…]

The sell-off of a flat in Manchester, purchased with stolen Traffic Monsoon investor funds, has prompted the Receiver to call for international judicial assistance. [Continue reading…]

QNet’s Indian operations have been shut down by the Union Ministry of Corporate Affairs (MCA).

The company’s management and top promoters are also wanted by authorities. [Continue reading…]

Charles Scoville’s lawyers have realized they’re likely not going to get paid.

Cue motion demanding Traffic Monsoon victims pay over $270,000+ in legal fees. [Continue reading…]

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

Tornado Rising’s website domain (“tornadorising.com”) was registered in March 2018.

Billy Alexander is listed as the owner, through a Georgia state address in the US.

Up until 2017, Alexander (right) was promoting World Ventures.

After WorldVentures Alexander appears to have taken an interest in cryptocurrency.

Read on for a full review of the Tornado Rising MLM opportunity. [Continue reading…]

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

Majestic Cares’ website domain (“majesticares.com”) was first registered in January 2018.

The registration was last updated on February 12th, 2019.

Robert Donald of Majestic JB International LLC is listed as the owner, through what appears to be a residential South Carolina address in the US.

On social media Robert Donald (right) goes by Bob Donald.

Possibly due to the generic nature of his name, I was unable to put together Bob Donald’s MLM history.

Read on for a full review of the Majestic Cares MLM opportunity. [Continue reading…]

Spain’s  National Securities Market Commission has issued a securities fraud warning against Xsinergia. [Continue reading…]

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

Opus Business represents that it is part of “Advantagens Club” (cited as “Vantagens Club” in their marketing material), although no information about this entity is provided.

What Opus Business do provide is a meaningless incorporation certificate for Opus Business International in Belize.

Belize is a scam-friendly jurisdiction. There is no reason for a legitimate MLM company to incorporate there.

The appearance of Portuguese in Opus Business’ English marketing material suggests whoever is behind the company is from a Portuguese speaking country.

Opus Business’ website domain (“opusbusiness.com”) was registered on July 24th, 2018.

Opus Business International LTD is listed as the owner, through an incomplete address in Kenya, Africa.

It is assumed Opus Business’ website domain registration is bogus.

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…]

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

The company does provide a UK incorporation number, corresponding with Yesss Capital LTD.

Yesss Capital LTD was incorporated in March 2019 using a virtual address belonging to Regus.

UK incorporation is dirt cheap and for the most part unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

Yesss Capital’s website domain (“yesss.cc”) was first registered in 2015. The private domain registration was last updated in February 2019, which is likely when the current owner(s) took possession of it.

Despite not existing until a few months ago, Yesss Capital claims to have ‘been operating in the cryptocurrency mining and trading market since 2015‘.

At the time of publication Alexa ranks the US, Iran and Bangladesh as top sources of traffic to Yesss Capital’s 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…]