Cents For Freedom provides no information on its website about who owns or runs the business.

The Cents For Freedom website domain (“centsforfreedom.com”) was privately registered on February 21st, 2019.

Two possible locations Cents For Freedom is being run from are Russia and Pakistan.

Alexa currently pegs Russia as the top source of traffic to the Cents For Freedom website (19%).

Perusal of the Cents For Freedom website source code reveals a script that relies on local time in Karachi, Pakistan:

Note that neither of these are conclusive. The use of Karachi local time however is a strong indicator of where the Cents For Freedom admin might be based.

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…]

iBuumerang prelaunched as Countdown4Freedom last month.

In our prelaunch review, we ascertained Countdown4Freedom operates in the MLM travel niche. The company was headed up by Holton Buggs (marketing) and David Manning (travel).

Nothing in this regard has changed with iBuumerang’s official launch.

Holton Buggs (right) is cited as iBuumerang’s Chairman and CEO. David Manning is cited as CEO and President of Xstream Travel, iBuumerang’s travel services provider.

Holton Buggs is best known across the MLM industry as Organo Gold’s Chief Visionary Officer.

Sometime over the past month Organo Gold has scrubbed Buggs from their corporate leadership page.

As far as I’m aware, neither Organo Gold or Buggs has issued a public statement regarding his apparent departure.

Late last year it emerged that Buggs was promoting the IQ Chain Ponzi scheme.

Officially Buggs was credited as a “strategic advisor”, but it was pretty clear he’d taken over all marketing for the company (specifics were never publicly disclosed).

In December IQ Chain collapsed and was rebranded as IQ Legacy.

Alexa ranking for the IQ Legacy website show a complete collapse from late January.

Buggs seems to have taken whatever he was paid and quietly left the company. Again, the specifics of Buggs’ relationship with IQ Chain and IQ Legacy were never publicly disclosed.

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

If you’re a OneCoin victim in Poland, you might be able to recover your losses via criminal proceedings.

The Szczecin District Prosecutors Office has offered to go after OneCoin scammers. They just need victims to speak up. [Continue reading…]

Cloud Token’s website provides no information about who owns or runs the company.

The Cloud Token website domain (“cloudtokenwallet.com”) was privately registered on January 27th, 2019.

Marketing videos on the Cloud Token website are presented in Chinese. The videos themselves feature a man speaking Chinese.

In one marketing video, Sheng Zhao and Simon Tran are presented as “big names behind Cloud Token”.

Just a note on the photo itself, it was taken at a World BlockChain Forum event.

Sheng Zhao (aka Zhao Sheng) is one of the World Blockchain Forum’s co-founders.

In another marketing video, the following image is presented as Cloud Token’s “prelaunch in China”.

The event was purportedly held in China a few weeks ago.

The two people credited in English in the photo are Ronald Aai and Daniel Csokas. Sheng Zhao stands to the right of Csokas (center)

Ronald Aai (right) is based out of Singapore and is one of those random people you see listed in crypto whitepapers.

Officially Aai credits himself as a cryptocurrency consultant, specializing in platform design.

As far as I can tell, none of the crypto projects Aai has associated himself with have gone anywhere.

Daniel Csokas (right) is also based out of Singapore and appears to be an MLM crypto freshman.

On his personal Twitter profile, Csokas cites himself as an “organic chemist based in Singapore”.

Sheng Zhao appears to be attached to the Plus Token Ponzi scheme through World Blockchain Forum.

Plus Token was promoted to attendees of a World Blockchain Forum event held last September.

In the marketing video the first screenshot above was taken from, Tran (right) is credited with “bringing Cloud Token to North America”.

Tran himself is based out of Toronto, Canada. Prior to Cloud Token Tran was promoting Plus Token.

Before he got into cryptocurrency scamming (mid to late 2018), Tran was promoting Enagic’s Kagen water filters.

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…]

The RB Global Crypto Bank fallout continues, with a former admin now spilling the beans on Laurie Suarez’s fraud.

Daryl Grigg was high enough in RB Global Crypto Bank to feature on the company’s “about us” page.

He also had access to the company’s official Facebook group, which he briefly took possession of earlier today. [Continue reading…]

Last year Kuvera Global was soliciting investment into the Ryze AI trading bot. The company’s broker of choice was Capital City Markets.

Almost a year on from the CFTC clamping down on Investview, Kuvera Global’s parent company, affiliate investors still have funds tied up in Capital City Markets. [Continue reading…]

Evidently the RB Global Crypto Bank RBGC exit-scam isn’t liquidating ROI liabilities fast enough, prompting Laurie Suarez to implement hard withdrawal limits. [Continue reading…]

A new class-action filed in Texas accuses Young Living of operating as an illegal pyramid scheme cult.

The lawsuit, filed by Julie O’Shaughnessy, also claims Young Living is a front for “selling essential oils for quasi-medicinal purposes”. [Continue reading…]

The 30 Day Success Formula provides no information about who owns or runs the business.

The 30 Day Success Formula website domain (“30daysuccessformula.com”) was privately registered on May 20th, 2017.

Despite the age of the domain, 30 Day Success Formula itself only recently relaunched.

Looking at archived copies of the 30 Day Success Formula website, it seems the company has adjusted entry costs over the past two years.

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…]

There’s probably no group more salty in MLM  right now than TelexFree victims with approved claims.

The TelexFree claim portal went live back in mid 2016. Almost three years later, not one distribution payment has been made.

Now, a Status Report filed by the Trustee on April 12th, provides insight into why. [Continue reading…]