Following claims Global Capital AG had approval of the Cambodian government to run a Ponzi scheme, Cambodian authorities have arrested co-founder Darren Yaw and his wife. [Continue reading…]

A Cloud Token affiliate investor has been “fined” 1000 CTO points, purportedly for failing to explain the opportunity to someone they recruited.

According to a recent Facebook post by Cloud Token admin Ronald Aai, an affiliate was “fined” 1000 CTOs for ‘fail(ing) to explain … how (Cloud Token’s) affiliate program works‘. [Continue reading…]

The Italian financial regulator CONSOB has temporarily suspended promotion of LiraCoin Club in Italy.

In a published May 29th bulletin, CONSOB states LiraCoin Club’s MLM opportunity constitutes an investment proposal. [Continue reading…]

As part of a consumer protection ruling in Austria, Lyoness has been ordered to compensate victims with interest.

The ruling covers Lyoness victim losses on investments made between 2007 to 2009 and in 2012. [Continue reading…]

It’s well-established by now that if you’re dumping money into an MLM company and collecting a passive return, it’s constitutes a securities offering.

Securities are strictly regulated across the world and for good reason.

It’s one thing to say you’re doing something and provide social media proof. Registering your securities offering (legally required) and providing documented proof to authorities is another.

Naturally, MLM Ponzi schemes come up with all sorts of reasons as to why they haven’t registered their securities offering.

Today, courtesy of Cloud Token, Ronaly Aai and Faith Sloan, we examine one of the most blatantly misleading excuses for securities fraud I’ve ever seen. [Continue reading…]

It’s been just under three weeks since AdvoCare announced it was ditching it’s MLM business model.

As part of my ongoing search for answers, I came across an archived Freedom of Information Act request list from the FTC.

Did the DSA know AdvoCare was going to screw over its distributors in advance? [Continue reading…]

Flash4People provides no information on its website about who owns or runs the business.

Even if they did though, the credibility of the provided information would be suspect.

At the footer of the Flash4People website are three totally legit testimonials from Jason Doe, Jane Doe and John Doe.

Attached to Flash4People is the OZT token, which provides us some insight into who’s behind the company. [Continue reading…]

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

The company does state that it’s a “daughter company of Inclusive Investment services limited”, which ties it to the InclusiveFX Ponzi scheme.

Whereas InclusiveFX claimed to be based out of the UK, Inclusive Cryptos is pretending to be based out of Arkansas in the US.

To that end Inclusive Cryptos incorporated itself in Arkansas as Inclusive Intl. Services LLC.

As with InclusiveFX, marketing videos on Inclusive Cryptos website feature what appear to be young paid actors.

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…]

Cloud Tokens ties to Singapore hinged on its ties to the World Blockchain Forum (WBF).

Those ties have been severed, forcing Ronald Aai to relocate back to Malaysia. [Continue reading…]

A doctor in Finland has made the remarkable claim that taking Juice Plus supplements makes smoking safe. [Continue reading…]