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

Wssavior’s website domain (“wssavior.com”) was  registered on April 5th, 2018.

Eva Kozma is listed as the owner, through an address in the UK shared with multiple businesses.

No connection between Eva Kozma and Wssavior exists outside of the domain registration.

Given this, it’s highly likely that Kozma doesn’t exist.

On their website Wssavior provide a UK incorporation number that corresponds with WSSH LTD.

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

Furthermore there doesn’t appear to be any verifiable connection between Wssavior and WSSH LTD.

On its website Wssavior also claims to have “started” in September 2014.

This is bogus, as the company’s website domain was only registered in April 2018.

Wssavior’s official Twitter account went live in July 2018, which is likely around the time the company actually launched.

WSSH LTD’s UK corporate filings date back to August 2014, which appears to be the basis of the “start” date on Wssavior’s website.

It’s highly likely that Wssavior has just using the details of a an existing unrelated UK company.

The UK is notorious for failing to regulate its corporate records.

At the time of publication Alexa ranks Argentina (19%), Russia (13%) and Iran (12%) as the top three sources of traffic to Wssavior’s website.

Based on Wssavior having an active Russian language VK social media account, it’s highly likely that whoever owns Wssavior is from Russia itself.

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…]

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

NovaTech’s website domain (“novatechfx.io”) was registered on June 17th, 2019.

NovaTech LTD is listed as the owner, through what appears to be a bogus incomplete address (Vatican City).

On its website NovaTech claims to be “registered in the USA, British Virgin Islands and Estonia”.

No specific details are provided which, when combined with the bogus domain, leads me to believe these claims are false.

Update 11th July 2021 – NovaTech has abandoned their .io domain, it now redirects to “novatechfx.com”.

A page on that website has the slug “from the CEO”. On the page Cynthia Petion, styling herself as a reverend, speaks about NovaTech in the possessive.

When we developed NovaTech, Ltd., we decided on two things:

First, we resolved that our program would be affordable to join and available to anyone who wanted to participate.

Second, we committed to providing people with the tools and skills training they need to be successful.

Cynthia and her husband Eddy Petion are known to BehindMLM as top earners in the AWS Mining Ponzi scheme.

BehindMLM reviewed AWS Mining in September 2018. Eddy Petion showed up in the review comments to defend the Ponzi scheme.

AWS Mining collapsed in April 2019. NovaTech popped up on our radar a few months later.

It seems the Petion’s launched NovaTech as a reboot Ponzi. Rather than just be top net-winners though, through NovaTech they keep more money as company owners.

Leaning into religion, Cynthia Petion is marketing herself as “The Reverend CEO”.

Eddy Petion, who served as AWS Mining’s executive President, cites himself as NovaTech’s Chief Operating Officer.

The Petions are believed to operate out of New York in the US. /end update

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 a hearing held on August 2nd, MOBE case proceedings have been stayed for 90 days.

The request for a stay was made last week, amid ongoing settlement negotiations between MOBE owner Matt Lloyd McPhee and the FTC. [Continue reading…]

Following the collapse of its original gifting model, Abundance Network is set to relaunch as a pyramid scheme. [Continue reading…]

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

The company does have an “about us” section on their website, but instead of providing corporate information it’s used as a marketing pitch.

I noticed the SSL certificate used by Optavia belongs to Medifast. That lead me to this article, which revealed up until July 2017 Optavia was known as Take Shape For Life.

Take Shape for Life was launched as an MLM subsidiary of Medifast back in 2002.

Medifast was founded by William Vitale in 1980 as Vitamin Specialties Corp.

Today the weight loss focused company is based out of Maryland in the US.

As of October 2016 Daniel Chard (right) is CEO of both Medifast and Optavia.

As per another article from the Baltimore Sun;

Chard has more than 25 years of direct selling and consumer products experience.

Before his time at PartyLite, Chard held various jobs over 17 years at Nu Skin Enterprises Inc., including executive vice president of distributor success and president of global sales & operations.

Previously, he had marketing roles at PUR Recovery Engineering and The Pillsbury Co.

Why this basic information isn’t provided on Optavia’s website is unclear.

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

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

Crypto Advice’s website domain (“cryptoadvice.com”) was first registered in 2016. The domain registration was last updated in February 2018.

Mark Andrews is listed as the owner, through an incomplete address in California.

Given the generic name, lack of information on Andrews in relation to Crypto Advice and incomplete address, there’s a high chance Mark Andrews doesn’t exist.

Supporting this is a UK incorporation certificate for Mended Minds LTD on Crypto Advice’s website.

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

As for Mended Minds, it appears to be a shell company that doesn’t exist outside of its UK incorporation.

Supposedly the CEO of Mended Minds and Crypto Advice is Jordan Lucas (another suspiciously generic name).

Research into Mended Minds and Lucas lead me to QuickX who, on their own website state Crypto Advice is

developing and promoting the market and community for QuickX Protocol.

CryptoAdvice purchased token in bulk from QuickX and after that it is selling to the small and big investors with a minimum lock-in period of one year, this lock-in period would prevent the dumping of token.

QuickX is supposedly a Maltese shell company.

QuickX are behind the QCX token, which is primarily promoted through Crypto Advice’s MLM opportunity.

Despite the Maltese shell incorporation, QuickX appears to be run by Indians, as evidenced by its default Indian rupee QCX value chart:

On the corporate side of things Secugenius Pvt. Ltd. is cited as the company behind QuickX.

Secugenius is an Indian company that claims to be an “IT Risk Assessment and Digital Security Services provider”.

A blog post on QuickX’s website caught my eye, pertaining to a “head-office opening in Malaysia”:

We are also pleased to inform you that company has opened this office with collaboration of  two of its partner in QuickX , Mr. Marcus Dato and Mr. Najib Razak.

The Founder CEO and COO of QuickX Protocol Mr. Kshitij Adhlakha & Mr. Vaibhav Adhlakha and the CEO of *CryptoAdvice* Mr. Jordan Lucas were also present there along with all the achievers of the recent Malaysia tour.

It appears that Jordan is a token white guy, but otherwise QuickX and Crypto Advice are run by a group of Indians, Indians living in Malaysia and Malaysians.

Oh and if it’s not obvious by now, Crypto Advice, Mended Minds, QuickX and Secugenius are all the same company.

Any illusion of separation through shell corporations is smoke and mirrors.

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…]

Lecun Wallet provides no information on its website about who owns or runs the company.

Lecun Wallet’s website domain (“lecunwalletinfo.com”) was privately registered on June 25th, 2019.

Marketing videos on Lecun Wallet’s website suggest the company is based out of Asia.

Lecun Wallet marketing material claims

the operation headquarter of LeCun is set up in Thailand.

It is a digital asset management alliance owned by JD Exchange, Lefumei, Mastercard (prepaid card), Singapore EM, SCL companies.

Obviously take all of that with a grain of salt. The Mastercard claim, for example, mentions the prepaid card without identifying who the merchant is.

Mastercard as a company has nothing to do with Lecun Wallet.

One marketing video shows Lecun Wallet’s “big boss” (guy in the middle), which suggests he might be running the show:

The language spoken in the video is Chinese, which means whoever “big boss” is and whoever he’s working with are likely based out of a Chinese-speaking country.

Supporting this is the use of “yuan” in Lecun Wallet’s marketing material:

Twenty years ago, if you put 10,000 yuan in your cupboard, You’re the local rich at that time! The Million households!

Now, twenty years later, if all you have is 10,000 yuan in your cupboard, you are the local Five Guaranteed.

Do you agree?

The same marketing presentation also mentions Xu Liwei;

LeCun Fund is the first blockchain extension application which is based on the blockchain technology V3.0 and developed by Mr. Xu Liwei, the president of Universal Internet Technology Corporation.

Mr. Xu Liwei is a architect of the first major computer in the world and a computer scientist from silicon valley, he was the NASDAQ-listed company, EveresSystem’s founder, has won the title of “the global 50 outstanding Chinese science and technology entrepreneurs”, the current Internet Foxconn Universe Company’s founder and the chief scientist.

Since 2010, Mr. Xu brought back many other cross-international laboratory from silicon valley, the China optical valley in Hubei, and etc., to conquer one after one technical challenges blockchain faced, taking a variety of hardware and software method, he developed the underlying backbone of the blockchain- super universe blockchain platform, That’s the universe’s main chain (PAC).

Mr. Xu Liwei is currently the director of blockchain research institute, China electronic commerce association of ministry, industry and information technology.

Given I wasn’t able to verify any of that, take Lecun Wallet’s claims about Xu Liwei with a dumpster truck full of salt.

It seems most of the information Lecun Wallet has published about itself and Xu Liwei is highly questionable, if not outright fabrications.

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…]

A decision on the beef between the Digital Altitude Receivership and Paradise Media Ventures, will see owner John Souza keep $600,000 of victim funds. [Continue reading…]

Although Gelios Trade has gone to some effort to present an executive team on their website, there’s a big question mark over the legitimacy of the information provided.

Gelios Trade claims to be headed up by William Svensson, supposedly a Norwegian

investor, philanthropist, manager of a hedge fund and a large range of financial services for private individuals.

His hedge fund, Gelios investering front, an asset management group with its headquarter in Lillehammer, Norway, was established in 2001.

Trouble is, outside of Gelios Trade’s website and marketing material, Svensson doesn’t exist.

Gelios Trade’s marketing material is fronted by “Kristian Berg”, who also doesn’t exist outside of the company.

In Gelios Trade marketing videos, Berg can be seen touring what appears to be a rented office space.

Gelios Trade claims the space is in Dublin, Ireland – yet everyone in the video, including Berg, has a distinctive eastern European accent.

Perhaps the most concrete example I can give you that something is up is Berg’s interview with “Thomas”, supposedly Gelios Trade’s “most experienced” trader.

In the footage above, the following exchange plays out:

Berg: Hi again Thomas. Tell me, how old are you?

Thomas: I am thirty-two years old.

Berg: Okay, and how long have you been trading at Gelios?

Thomas: I have been trading at Gelios since 2011.

Through the Wayback Machine, I can confirm that up until late 2018 the “gelios.com” domain was for sale ($3750 USD asking price).

The Gelios Trade website domain registration was last updated in February 2019, which is when the current owners took possession of it.

Gelios Trade as represented on their website didn’t exist up until a few months ago.

And if you scroll up to the quoted text from Gelios Trade’s website at the start of this review, you’ll note the company claims to have been founded i 2001.

Obviously this founding date, the staged “office tour” and executive information provided on Gelios Trade’s website are complete baloney.

Whoever is actually running Gelios Trade doesn’t want you to know who they are.

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…]

Crowd1 provides no information on their website about who owns or runs the business.

Crowd1’s website domain (“crowd1.com”) was first registered back in 2007. The domain registration was last updated in October 2018.

Stelios Piskopianos of Crowd1 Network Europe Ltd is listed as the owner, through an address in Cyprus.

Cyprus is a scam-friendly jurisdiction with little to no MLM regulation.

According to his LinkedIn profile, Stelios Piskopianos has a financial services background.

A commercially aware, hands-on Senior Finance Professional with considerable experience of financial and business control across a broad spectrum including strong IT skills and extensive knowledge of computerised information systems.

Piskopianos (right) is currently Finance Director of AOS Fluency Limited (“business process outsourcing”) and Northfield Petroleum Limited (private equity investment firm).

Curiously, Crowd1 does not appear on Piskopianos’ LinkedIn profile.

Whether Piskopianos is working alone or with others to run Crowd1 is unclear.

Update 23rd March 2020 – Stelios Piskopianos appears to be a fall guy. Crowd1’s Spanish shell company records reveal Jonas Erik Werner is running the company from Sweden. /end update

Read on for a full review of the Crowd1 MLM opportunity. [Continue reading…]