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…]
Planet Impact Review: The Steinkeller brothers are back…
Planet Impact operates in the educational MLM niche and claims it’s “the Netflix of environmental protection”.
The company provides a corporate address in Malta on its website.
Our headquarter is in Malta’s exclusive Smart City, the new hub for international IT.
Heading up Planet Imapact are co-founders Aron, Stephan and Christian Steinkeller (right), and Oscar Dalvit. Adrian Szumski serves as CEO.
Collectively known as the Steinkeller brothers, the trio made a name for themselves promoting Organo Gold.
The Steinkeller’s reputation took a hit when they left Organo Gold to launch Conligus, an MLM penny auction pyramid scheme.
They then went on to completely trash what was left of their reputations by stealing millions through the OneCoin Ponzi scheme.
Today this is what the Steinkeller brothers are best known for across the MLM industry.
Amid an ongoing investigation by Italian authorities and reported ties to the mafia, the Steinkeller brothers abruptly abandoned their OneCoin downline in May 2017.
As per a press-release issued by OneCoin corporate announcing their departure;
Aron, Christian and Stephan Steinkeller will retire from the network marketing business to go long-term on new exciting, confidential project, outside the MLM business.
At the time the brothers were reported to be stealing around $2.5 million a month from OneCoin victims.
Since OneCoin the Steinkellers have lay low. Planet Impact appears to be their return to the MLM industry.
Oscar Dalvit has experience launching and running MLM companies.
In 2017 Dalvit launched Bilpix, an attempt to combine MLM with pixel billboard advertising.
Possibly due to language barriers, I was unable to put together an MLM history for Adrian Szumski.
Read on for a full review of Planet Impact’s MLM opportunity. [Continue reading…]
Lyoness Ponzi to target Malaysia, Saudi Arabia & Colombia
Following regulatory pressure and court decisions that have gone against it, Lyoness appears to be distancing itself from Europe.
Desperate to keep new investment rolling after Italy outlawed the Ponzi scheme, Lyoness is gearing up for a push into Malaysia, Saudi Arabia and Colombia. [Continue reading…]
Organo Gold & Holton Buggs lose AmeriSciences case, appeal denied
In 2016 AmeriSciences Trustee Rodney Tow sued Organo Gold, Holton Buggs, former Amerisciences CEO Barry Cocheu, and fifteen other former AmeriSciences distributors.
By the time the case reached trial in May 2018, Organo Gold, Buggs and Cocheu were the only remaining defendants.
On May 15th a jury returned a verdict against Organo Gold and Buggs.
A final judgement ordered on May 16th held Organo Gold, Buggs, and Cocheu jointly liable for $3.4 million dollars.
Today we dig deeper into the case and the recently denied appeal. [Continue reading…]
London Police drop OneCoin investigation, defer to DOJ
After three years the City of London Police have revealed they’ve dropped their OneCoin investigation.
The revelation was made in what appears to be a public request for a case review. [Continue reading…]
Cloud Token securities fraud warning issued in Mauritius
Mauritius’ Financial Services Commission has issued a securities fraud warning against Cloud Token.
In their warning the FSC singles out Cloud Token affiliates promoting the investment opportunity through social media.
The groups “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by name. [Continue reading…]
On Becoming a God in Central Florida – does it suck?
Yo yo yo what’s up guys, it’s your boy Oz here with another video.
Today we’re checking out On Become a God in Central Florida and answering if it sucks.
Before we get into that though, remember to like and smash that subscribe button and be sure to stay to the end of the video for a giveaway.
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Yeah alright, that’s enough of that. [Continue reading…]
BBC podcast explores Ruja Ignatova’s disappearance
As part of their BBC Sounds podcast collection, presenter Jamie Bartlett is exploring the disappearance of OneCoin’s Ruja Ignatova. [Continue reading…]
