OneCoin has stopped defending its fraudulent business model.

Instead, the company now claims it’s not a Ponzi pyramid scheme because only IMAs were scammed. [Continue reading…]

Crude Oil Profit provides no credible information on its website about who owns or runs the business.

The best Crude Oil Profit serves up is a YouTube video, supposedly featuring their Director, “Aaron Morris”.

The video however is just someone with a thick thick European accent reading off a broken English script, in what is obviously a rented office space.

Crude Oil Profit seem to have hired the actor about a month ago, as he features in a number of videos bulk uploaded on April 4th.

In another attempt to feign legitimacy, Crude Oil Profit incorporated itself as “Crude Oil Profit Limited” in the UK back in February.

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

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…]

World Way Capital provides no information on its website about who owns or runs the business.

Despite a cock and bull timeline presentation dating back to 2011, World Way Capital didn’t exist until October 2018.

World Way Capital provide incorporation documents for World Way Capital in Ontario, Canada.

The incorporation address is a residential address, purportedly shared by a number of other businesses.

This suggests the address itself is baloney, and that World Way Capital has no actual physical presence in Canada.

According to a provided certificate, World Way Capital LP appears to have been set up through Sergiu Valuta of Delacroix Enterprises.

Delacroix Enterprises only seems to exist in conjunction with incorporation of third-party companies.

This suggests it’s primary business is providing incorporation services to clients for a fee.

A different generic office building address in Canada is provided in the footer of the World Way Capital website.

Additional ambiguous addresses for Vietnam, Kenya, the Philippines are also provided.

A video titled “CEO of World Way Capital John Walters”, was uploaded to the official World Way Capital website on May 14th.

The amusing video is narrated by someone with a thick European accent. Footage of an actor representing Walters is combined with stock footage.

The actor representing John Walters can repeatedly be seen reading from a script (follow his eyes). His voice is also poorly dubbed over.

Obviously John Walters, as depicted in the video, doesn’t exist.

In an attempt to prevent people from pointing any of this out, World Way Capital has disabled comments for the video.

Funnily enough BehindMLM ran into a Sergui Valuta in connection with the Buy Time Ponzi scheme.

That was back in 2017 and back then it was the “Damitra Group”. Same fake CEO model.

As per our Buy Time review, both it and Valuta seem to have ties to the Richmond Berks Ponzi scheme too.

Valuta is believed to be based out of Europe, which fits the broken English on the World Way Capital website.

At the time of publication Alexa pegs Iran (27%) and the US (15%) as top sources of traffic to World Way 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…]

In an MLM compensation plan, typically the most difficult bonuses to qualify for are those that payout periodically.

Initial qualification can be steep but also once qualified for, qualification is typically often required be maintained over a period of time.

Worse still, even when qualified for, there’s pretty much nothing stopping a company quietly dropping the bonus without paying out.

Such appears to be the case with Pruvit’s Consistency Bonus. [Continue reading…]

ByDzyne operates in a number of MLM product and service niches.

The company fails to provide a corporate address on their website. ByDzyne’s Terms and Conditions however state that ‘all arbitration must occur in Vancouver, British Columbia, Canada‘.

That said, ByDzyne’s executives appear to based out of the US. I’m not sure what the connection to Canada is.

Another point of confusion is ByDzyne opting to hold their “Grand Opening Event” in Bangkok, Thailand.

Listed as co-founders of ByDzyne are Nat and Chanida Puranaputra, Sophia Wong, Henry Marsh and Chad and Nattida Chong.

Nat and Chanida Puranaputra are best known for making an estimated $35 million in Organo Gold and World Global Network.

In 2016 the Chanida Puranaputra was appointed World Global Network’s Master Distributor.

After a series of hype promises regarding its products that World Global Network failed to deliver on, the company began to collapse around mid 2018.

Nat and Chanida Puranaputra bailed in October 2018.

To the best of my knowledge neither World Global Network or the Puranaputras have issued a definitive public statement clarifying the reason for their abrupt departure.

There is no mention of World Global Network in the Puranaputra’s ByDzyne corporate bio.

In late 2017 Chad and Nattida Chong were boasting they were earning $450,000 a month in World Global Network.

Nattida Chong is the daughter of the Puranaputras, and so seem to have followed them into ByDzyne.

Sophia Wong founded YOR Health with her brother back in 2008. I wasn’t able to pinpoint when or why she left the company.

Unlike the other ByDzyne executives, Henry Marsh doesn’t hide his MLM background. He’s openly cited as a co-founder and former Vice-President of Monavie.

Monavie was acquired by Jeunesse for an undisclosed sum in mid 2015.

In late 2017 Marsh re-emerged as an “Ambassador of Goodwill” and Board Director for Wealth Generators.

At the time of his appointment, Marsh is quoted as saying;

The most valuable skill I will bring to this company is to attract and attend to great leaders, which in turn will drive top line revenue.

This helped MonaVie and I believe it will do the same for Wealth Generators.

In 2018 the CFTC fined Wealth Generators $150,000 for operating illegally. When Marsh left the company is unclear.

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

A May 10th Case Management Report has revealed a proposed 2020 MOBE trial date.

Matt Lloyd McPhee’s response to production of evidence also suggests he might be anticipating criminal charges. [Continue reading…]

Digital Altitude CTO Alan Moore reached a proposed settlement with the FTC in September 2018.

As part of the settlement, it was agreed Moore would transfer $46,300 to the FTC.

Following a court order to unfreeze the funds, Moore represented to the FTC that the funds had been placed in escrow with his attorney.

This was reflected in the proposed settlement itself:

Settling Defendant is ordered to pay to the Commission Forty-Six Thousand, Three Hundred Dollars ($46,300.00), which, as Settling Defendant stipulates, his undersigned counsel holds in escrow for no purpose other than payment to the Commission.

In February 2019 Moore’s proposed settlement was approved by the FTC’s Commissioners.

The settlement was thus entered into as a final order on March 4th.

Despite agreeing to the settlement however, to date Moore has failed to uphold his side of it. [Continue reading…]

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

The company’s website does have an “about us” section, but it appears to be filled with baloney.

On July 16, 2015 – Ernest Bogdanov founded Global Partner LLC. Uses his own experience gained during his professional career.

The company specializes in providing financial analysis and creating analytical tools for the forex market.

In 2016, the company entered to a new blockchain technology sector.

As we all know this was a breakthrough year for all crypto enthusiasts. Ernest and his analytic team exactly know when to enter the market and take big profits of it.

Ernst Bogdanov’s digital footprint consists of a Facebook profile featuring an obvious stock photo.

There is no content published to the account, suggesting it was purchased.

In an attempt to feign legitimacy, Vexa Global provides supposed incorporation documents for “Global Partner LLC”. This is an actual incorporation.

Putting aside there is no verifiable link between Global Partner LLC and Vexa Global, the registered agent for the incorporation is Valis Group Inc.

The supplied address for Valis Group Inc. is a virtual office. Further research reveals Valis Group provides Delaware incorporation services.

In an April 26th news update, Vexa Global wrote;

At the moment, our company is waiting for a license issued by the government in Estonia to manage the cryptocurrency market and the ATM network in the world!

In a post published to the official Vexa Global Facebook profile less than 24 hours ago, the company invited

all interested leaders who want to be with us in Tallinn, please contact our support.

What should be obvious is that Ernest Bogdanov doesn’t exist, and Vexa Global has no operations in the US.

Whoever is running Vexa Global is likely based out of Estonia or a neighboring country.

I did come across a feud that suggested Vexa Global might be a spinoff of the Exp Asset Ponzi scheme.

According to an April 13th official Exp Asset Facebook post, Vexa Global is run by Piotr Badynski.

In the post Exp Asset owner Patryk Krupinski claims Badynski tried to blackmail him.

Krupinski claims he verified this, by cross-referencing the blackmail email address against the Exp Asset affiliate database.

The Exp Asset account with a matching email lists Badynski of Vexa Global as the owner.

Krupinski also credits Badynski as owner of the collapsed CryptoTek Ponzi scheme. According to Exp Asset Badynski is based out Poland and the Ukraine, which fits our estimated admin profile.

Keep in mind this is one Ponzi scheme seemingly calling out a competitor, so make of it what you will.

I personally wasn’t able to verify Badyinski is the owner of Vexa Global. I’ve included the above in the absence of information revealing an alternative Vexa Global owner.

Update 21st August 2019 – A paper trail has revealed Vexa Global is likely owned by Polish serial scammer Pawel Wojnicz. /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…]

One Hundred K Club fails to provide any information about who owns or runs the business on their website.

The One Hundred K Club website domain (“onehundredk.club”) was privately registered on December 26th, 2018.

If you visit the One Hundred K Club website without an affiliate referral code, you are automatically referred under “admin2”.

The provided messenger link for the “admin2” account belongs to Lynn Hamilton.

I was able to reproduce this for “admin” so it seems Hamilton (right) has more than one admin account.

On Facebook Lynn Hamilton manages the official One Hundred K Club group.

Perusal of Hamilton’s YouTube channel reveals promotion of USI-Tech, BitConnect, Global Unity Club, Phoenix Power Rising, Traffic Monsoon, Lead Lightning, vStream TV and National Wealth Center.

Read on for a full review of the One Hundred K Club MLM opportunity. [Continue reading…]

KZ1 began as eXfuze, an nutritional supplement MLM company founded in 2008.

BehindMLM reviewed eXfuze way back in 2013. At the time the company was headed up by co-founder and CEO, Rick Cotton.

At some point Rick Cotton’s brother Don took over as CEO. He held the position until December 2016, at which time health issues saw him step down.

A joint decision between Cotton and the eXfuze Board of Directors saw Robert Kelly appointed CEO.

On October 2017 eXfuze changed its name to KZ1. I was unable to find a reason for the name-change.

At the time of Don Cotton stepping down, Kelley (right) had been with eXfuze for seven years. Cotton credited Kelley with “leading (eXfuze’s) largest market in Japan”.

According to Cotton, Kelley

is a former COO of Apple Japan (a $2 Billion-dollar business) and the CEO of two companies.

I did try to ascertain whether those two companies were MLM related but came up blank.

Read on for a full review of the KZ1 MLM opportunity. [Continue reading…]