Lira Coin Club Review: LIC token lending Ponzi scheme
Lira Coin Club provides no information on their website about who owns or runs the business.
In fact at the time of publication, the Lira Coin Club website is nothing more than an affiliate login form.
The Lira Coin Club website domain (“liracoin.club”) was initially registered in August 2017.
The domain registration details were updated with private information on August 12th, 2018.
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…]
Synovus Bank’s threat to delay MOBE clawback litigation quashed
Following a fight over handing back funds fraudulently obtained via MOBE, the Receiver has discovered new potential clawback claims against Synovus Bank and QualPay.
Talk about kicking an own goal… [Continue reading…]
LuLaRoe’s gastric sleeve pressure group is next level creepy
While I’m aware of the common association of cultish tendencies within MLM companies, it’s not something I tend to dwell on.
Extreme fans can be found cheering anything on, so I think definitively drawing a line between fanaticism and a cult is pretty difficult. And it’s not made any easier by those inside or who have left often not willing or feeling unable to speak up.
A recent VICE documentary on LuLaRoe has shed light on a gastric sleeve pressure group within the company.
With compelling testimony from someone on the inside, this is some of the creepiest MLM related behavior I’ve ever come across. [Continue reading…]
New Zeek Rewards Receiver provides final distribution roadmap
Following Kenneth Bell’s appointment as a District Judge, Matthew Orso has taken over the Zeek Rewards Receivership.
In a May 22nd announcement, Orso has provided a roadmap towards final distribution payments. [Continue reading…]
Pinkston dodges contempt, agrees to final judgment fraud penalties
Following the FTC’s push towards contempt proceedings, Eric Pinkston has decided to fully cooperate with the regulator.
To that end Pinkston and the FTC have agreed on final judgment penalties, which have been submitted to the Commission for approval. [Continue reading…]
SEC sues iPro Network, claims $26 million dollar pyramid scheme
The SEC has filed suit against iPro Network, alleging the scam and founder Daniel Pacheco stole $26 million from investors.
In addition to iPro Network and Daniel Pacheco (right), relief defendants named in the SEC’s May 22nd lawsuit include [Continue reading…]
New DealShaker abandoned. Is this OneCoin’s final collapse?
OneCoin’s New DealShaker platform has been abandoned.
For die hard investors still backing OneCoin, New DealShaker was perhaps the only reason they hadn’t lost their minds over how much money they’ve lost. [Continue reading…]
PM International files third sugar powder pyramid appeal
PM International has provided us with the latest example of an MLM company unable to take a hint.
As part of the company’s long running beef with TV2, PM International has filed a third appeal. [Continue reading…]
Mark and Tammy Smith granted Neora arbitration injunction
Since the filing of Mark and Tammy Smith’s Californian lawsuit against Neora (then Nerium), the company has moved swiftly to have the matter resolved via arbitration in Texas.
To that end Neora filed an arbitration demand in July 2018.
Describing Neora’s response as “retaliatory and vexatious attempts to litigate against Plaintiffs in Texas”, the Smiths’ sought a restraining order against Texas arbitration. [Continue reading…]
Onyx Lifestyle Review: LQD8 Block investment BTC securities fraud
Onyx Lifestyle provides no information about who owns or runs the company on their website.
The Onyx Lifestyle website (“onyxlifestyle.com”) was initially registered in 2016. Through the WayBack Machine, I was able to confirm that up until late 2018 at least, the Onyx Lifestyle domain was available for sale.
The Onyx Lifestyle domain registration was last updated on March 27th, 2019, suggesting this is when the current owner(s) took possession of it.
Currently the Onyx Lifestyle domain registration is private and provides no information about its owner.
On page two of Onyx Lifestyle’s marketing overview document, the company names and quotes Clif Braun (right) as a co-founder.
On his LinkedIn profile, Braun (aka Clifton Braun) confirms his status as an Onyx Lifestyle co-founder from February 2019.
Five years ago Braun was promoting Vemma as a Presidential Brand Partner.
The FTC shut Vemma down for being a $200 million dollar pyramid scheme in 2015.
In 2017 Braun joined Wealth Generators as a Master Field Trainer.
In June 2018 the CFTC fined Investview $150,000 for operating Wealth Generators illegally.
Upon learning of the CFTC investigation, Investview renamed Wealth Generators to Kuvera Global.
Braun continued to promote Kuvera Global but at some point ditched the company.
Up until recently Braun was promoting Liv, a “global lifestyle company” launched by Visalus co-founders Nick Sarnicola and Blake Mallen.
Update July 20th 2020 – Clif Braun has been in touch to advise
I was hired by Onyx for my public speaking skills, I was never an officer of Onyx, after only 90 days of being in Onyx I resigned. I wasn’t in alignment with the direction the company was headed.
When I queried on his own citing of himself as Onyx Lifestyle’s co-founder, Braun replied;
Co founder was what I was led to believe. However, was never true and I never had any power or say in anything.
I felt used and resigned quickly.
As at the time of this update, Onyx Lifestyle’s website appears to have been pulled offline. /end update
I wasn’t able to ascertain who Onyx Lifestyle’s other co-founders are, but did come across this photo from Braun’s Facebook feed (click to enlarge):
Travis Bott in particular stands out, owing to his connection to Investview and Wealth Generators.
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…]
