Richard Maike’s attorney walks out 111 days before Infinity2Global trial
Following a series of delays, Richard Maike’s Infinity2Global criminal trial has been scheduled for July 22nd.
Now that date is in jeopardy, following news Maike’s attorney has quit. [Continue reading…]
R Network Review: RevvCard not launching for another eight months?
Despite not having an attached product or service till at least Christmas 2019, Richard Smith is gearing up to launch R Network.
What will R Network pay commissions on without an attached product or service?
Glad you asked. Read on for a full review of the R Network MLM opportunity. [Continue reading…]
Carlos Wanzler loses Supreme Court bid, can be deported “at any time”
Carlos Wanzeler’s life as a fugitive might have finally come to an end.
Following the cancellation of his Brazilian citizenship, Brazilian authorities have rejected Wanzeler’s Supreme Court appeal. [Continue reading…]
Juice Plus fined €1 mill for deceptive marketing practices in Italy
Italy’s AGCM has fined Juice Plus €1 million EUR for deceptive marketing practices. [Continue reading…]
Konstantin indictment stay suggests DOJ cooperation
Under the Speedy Trial Act, the DOJ had until April 26th to file an indictment or information pertaining to Konstantin Ignatov.
An April 26th filing reveals continues negotiations between Konstantin’s attorney and the DOJ. [Continue reading…]
Guardian Capital AG Review: Malaysian trading Ponzi scheme
Guardian Capital AG (aka GCG Asia) provides no information on their website about who owns or runs the business.
The Guardian Capital AG website domain (“guardiancapitalag.asia”) was registered on December 22nd, 2018.
Guardian Capital AG is listed as the owner, through an incomplete address in Switzerland.
Further research reveals Guardian Capital AG affiliates naming Darren Yaw as co-founder of the company.
On Facebook Yaw goes by Darren Yaw Foo Hoe. His profile states he lives in Kuala Lumpur, Malaysia.
Thus it appears Guardian Capital AG is a Malaysian company. Any links to Switzerland are assumed to be shell incorporations.
To that end Switzerland’s Financial Market Supervisory Authority has issued a warning that Guardian Capital AG is not a registered corporation.
Yaw appears to be heavily involved in cryptocurrency. As per the screenshot above, he is co-founder of the World Crypto Asset Blockchain Alliance (WCBA).
As per their website, WCBA hosts various cryptocurrency related seminars.
The WCBA website is unranked by Alexa, suggesting that as a business it’s a flop.
Curiously, despite Darren Yaw co-founding both companies, WCBA is pretending to have nothing to do with Guardian Capital AG.
Visitors to the WCBA website are presented with the following popup:
The message suggests WCBA was a client of Guardian Capital AG but is no longer.
Whether they are or they aren’t though doesn’t change the fact Darren Yaw is running both companies.
As far as I can tell, GCG Asia is Darren Yaw’s first MLM opportunity. [Continue reading…]
Ash Mufareh pulls GoFounders Onpassive “workaholic” exit-scam
After collecting GoFounders fees for almost a year, Ash Mufareh has told affiliates he’s taking their money and quitting. [Continue reading…]
OneCoin scammers used NZ and AU to circumvent Samoan ban
After Samoan authorities banned OneCoin transactions in mid 2018, local promoters began laundering funds through New Zealand.
This caught the attention of New Zealand authorities, who detailed the operation in a 124 page intelligence report. [Continue reading…]
AiYellow jumps on crypto bandwagon with Yellow Trading Coin (YTC)
AiYellow’s hopping on the MLM crypto bandwagon is as cookie cutter as it gets.
Before we get into that though, some history. [Continue reading…]
Digital Income System Review: $25,000 traffic rotator pyramid scheme
Digital Income System provides no information on their website about who owns or runs the company.
As I write this, the Digital Income System website is nothing more than an affiliate login page.
If you visit through a Digital Income System affiliate referral link, you’re presented with recruitment marketing.
The Digital Income System website domain (“digitalincomesystem.com”) was first registered in April 2018.
The private registration was last updated on December 6th, 2018.
In my research into Digital Income System I came across affiliates naming Derek Jones and Bill Foley as owners of the company, but I wasn’t able to conclusively verify this.
The closest I got was inconclusive social media profile mentions and this Florida incorporation for Digital Income System Inc.
Either that’s a typo or Derek Jones’ real name is Derek Foley (???).
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…]
