Why Mark Scott wants post-arrest OneCoin interview suppressed
After his arrest on suspicion of helping OneCoin launder hundreds of millions of dollars, Mark S. Scott sat down with FBI agents for an interview.
Scott alleges he was denied an attorney during the interview. He’s subsequently asked the court to suppress anything he said during it as evidence.
On September 27th the DOJ clapped back, inadvertently revealing the real reason behind Scott’s desperate filing. [Continue reading…]
Lyfcoin Review: LYF token daily returns Ponzi scheme
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 Review: 400% ROI bitcoin investment fraud
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…]
Herbalife cops $20 million SEC fine for fraud in China
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 Review: Brazilian personal care & supplements
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…]
US court agrees evidence shows OneCoin money laundering
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…]
William Apostelos cops $11.1 million disgorgement judgment
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…]
DOJ seeks access to potentially privileged OneCoin evidence
Pursuant to a sealed July 23rd order, the DOJ is seeking access to potentially privileged evidence. [Continue reading…]
OEA first casualty of 8 Figure Dream Lifestyle fraud lawsuit
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 Review: Hourly/daily ROI Ponzi scheme
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…]
