Dennis Windsor’s long-running lawsuit against Neora might be coming to an end, following representation to the court that a settlement is on the horizon. [Continue reading…]

In a bid to continue to entice investment into their illegal unregistered securities investment scheme, Cloud Token has registered itself with the Australian Securities and Investments Commission (ASIC).

Cloud Token has no physical business operations in Australia. Nor is Australia a significant source of investment revenue for the company (Alexa).

Rather Cloud Token is run by scammers in Singapore, who are currently soliciting investment primarily from Japan, the US and Brazil.

So why register with ASIC? [Continue reading…]

AdvoCare has announced that it is dumping it’s MLM opportunity.

The decision was made following “confidential talks” with the FTC. [Continue reading…]

In an announcement published earlier this month, the Zeek Rewards Receiver has provided some updates on final distribution payments. [Continue reading…]

bUnited operates in the ecommerce MLM niche and launched around five years ago.

The company’s website domain (“bunited.com”) was first registered in 2014. Promotion of the company however began on or around mid 2015.

After nothing much happening since then, measurable interest in the company started earlier this year.

At present Alexa pegs Brazil (10%), Russia (8%) and the US (8%) as the top three sources of traffic to bUnited’s website.

On the management side of things bUnited is headed up by co-founders Jim Jorgensen, Ozan Taner and Johannes Pohle.

Jorgensen serves as Chairman of bUnited. Jorgensen is notable enough to have his own Wikipedia entry, on which he’s described as a serial entrepreneur.

He has started over 25 enterprises since getting his MBA at Stanford Graduate School of Business at the age of 24.

Jorgensen’s industry selection for these new enterprises has been wide, running from retail to manufacturing, from Internet to mail order, and from oil exploration to insurance.

Some of the entities remained small, while two of them reached market caps in excess of $1 billion.

Jorgensen and Pohle’s business relationship dates back to at least 1999 through AllAdvantage.

On his LinkedIn profile Ozan Taner cites himself as founder and CEO of Moema Espresso Republic.

Moema Espresso Republic is purportedly a “leading importer of Brazilian roasted gourmet espresso/coffee”.

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

A second writ deadline extension has given Charles Scoville another month to delay Traffic Monsoon proceedings with. [Continue reading…]

The DasCoin Ponzi scheme has collapsed, prompting the company to shut down its website.

Visitors to the DasCoin website are now presented with a hard fork message.

After a hard fork of the DasCoin Blockchain on May 14, 2019, the existing network nodes have voted to support a new coin.

DasCoin’s new scamcoin fork reboot has been revealed as GreenPower. [Continue reading…]

The last Zhunrize defendant holding out has settled with the Receiver.

Todd Spencer was named as a clawback defendant in the Zhunrize Receiver’s $2.8 million Vodaware lawsuit.

Through Vodaware, Spencer is believed to have received upwards of $350,000 in stolen Zhunrize investor funds. [Continue reading…]

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…]