Despite a last-minute letter desperately attempting to diminish his role within OneCoin, Konstantin Ignatov has been denied pre-trial release. [Continue reading…]

Rumors of OneCoin’s ties to organized crime have persisted ever since authorities around the world began cracking down on the scheme.

No alternative explanation has surfaced as to why to date Bulgarian authorities have failed to shut OneCoin down. Or how the company’s executives and top promoters were able to travel the world with impunity.

Turns out where there’s smoke there’s fire. [Continue reading…]

FuturoCoin markets itself as “the most innovative cryptocurrency”.

In reality FuturoCoin was nothing more than a Ponzi exit-scam for FutureNet’s owners and top investors.

Having milked their current crop of gullible investors dry, FutureNet are now hoping to reboot their failed cryptocurrency. [Continue reading…]

Following the denial of a preliminary injunction, Mark and Tammy Smith’s lawsuit against Neora and Jeff Olson is heading to arbitration. [Continue reading…]

Konstantin Ignatov’s hopes of a smooth pre-trial release have been dashed, following a damning opposition filing.

According to the DOJ, there are no bail conditions that would assure Ignatov won’t flee the US. [Continue reading…]

Mizes provides no information on its website about who owns or runs the business.

The Mizes website domain (“mizes.biz”) was privately registered on July 31st, 2018.

At the time of publication, Alexa pegs Iran (23%), Russia (10%) and India (8%) as the top three sources of traffic to Mizes’ website.

It is highly likely that whoever is running the company is based out of one of these three countries.

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…]

A marketing video on My Passive Trades’ website features Darren Bradbury, who claims to be “one of the joint owners of Polaris Universal”.

Darren Bradbury first appeared on BehindMLM as co-owner of the Powerhouse Feeder Ponzi scheme.

Other scams Bradbury has promoted over the years include  My 24 Hour Income (collapsed Ponzi scheme), Leased Ad Space (cash gifting), GiftoBit (cash gifting), ZarFund (cash gifting), Stiforp (pyramid scheme) and My Ad Story (Ponzi scheme).

More recently Bradbury has been promoting cryptocurrency scams. oncluding Powerhouse RevShare (Ponzi) and Powerhouse Mining (Ponzi).

Over the past year Bradbury has been trying to get Chatabox off the ground.

We will share 60% of all the profits of chatabox … very simply you just receive ehtereum for on auto pilot.

Chatabox is yet another cryptocurrency token Ponzi scheme.

My Passive Trades website domain uses Chatabox’s website domain name-servers.

On Twitter Bradbury goes by “Darren Riviera” and cites his location as the UK.

According to the “company” section of My Passive Trade’s website, ‘my passive trades is a trading name of Polaris Universal LTD‘.

Polaris Universal LTD was incorporated in the UK on January 25th, 2018.

Ahmed Nabil El Amrani, Lidija Ikasovic, Eldon Conceicao and Darren Bradbury are listed as company officers.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite jurisdiction for scammers looking to incorporate dodgy companies.

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

S Block operates in the cryptocurrency MLM niche.

The company represents it is based out Singapore and headed up by President Ivan Bolonikhin.

On his LinkedIn profile, Bolonikhin (right) claims to be a “digital securities expert”.

Note that while Bolonikhin’s LinkedIn profile cites his location as Singapore, his personal Facebook profile reveals he lives in Kyiv, Ukraine.

Bolonikhin’s Instagram profile reveals he only traveled to Singapore earlier this month.

Prior to reinventing himself as a digital securities expert, Bolonikhin appears to have been employed in the hospitality industry.

To be specific, Bolonikhin was baking cupcakes in a Ukrainian cake shop.

As far as I can tell Bolonikhin has no prior MLM executive experience.

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

Mailbox Profits provides no information on their website about who owns or runs the business.

The Mailbox Profits website domain (“mailboxprofits.com”) was first registered in 2014.

The domain registration was last updated on April 30th, 2019, suggesting this is when the current owner(s) took possession of it.

Mailbox Profits’ domain registration is private, revealing no information about ownership.

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 FTC has sued 8 Figure Dream Lifestyle and its Online Entrepreneur Academy spinoff.

The regulator alleges both companies and their owners commited telemarketing and consumer fraud. [Continue reading…]