iClub Biz Review 2.0: ICB Trader white label unregistered securities
Back when BehindMLM reviewed iClub Biz in 2013, the company combined membership recruitment with travel and nutritional supplements.
Six years on and iClub Biz’s website traffic is dead, suggesting there’s not that much going on.
Nonetheless I was approached for a review update by a reader, owing to some new trading product iClub Biz is trying to get off the ground.
Read on for an updated review of the iClub Biz MLM opportunity. [Continue reading…]
NewULife sues for $100,000+ over private Somaderm cancer chatlogs
NewULife claim that Georgia Hargett (also identified as “Georgia Balsley” in the complaint), signed up as a NewULife affiliate (IMC) around fifteen months ago.
Over the last twelve months, Hargett has purportedly began slagging off NewULife to other affiliates. [Continue reading…]
Indian celebrities summoned to explain QNet association
The Cyberabad EOW has served summons notices to over 500 individuals, including several well-known Indian celebrities and sports people. [Continue reading…]
Kimberly Dalius dropped from Saivian Ponzi lawsuit
Pursuant to a stipulation between Eric Dalius and the SEC, Dalius’ wife Kimberly has been dropped as a relief defendant. [Continue reading…]
X10 Platform collapses, exit-scam blamed on Cryptopia hack
Not even three months out from launch, the X10 Platform Pozni scheme has collapsed.
Rather than acknowledge they ran out of money though, the company is blaming the Cryptopia exchange hack. [Continue reading…]
Recycle Bot collapses, reboots as RB Global Crypto Bank with fees
Ongoing withdrawal problems has seen Luarie Suarez’s Recycle Bot Ponzi collapse.
The company has rebooted as RB Global Crypto Bank, with added ROI withdrawal fees. [Continue reading…]
PowerBot collapses, $60,000 exit-scam blamed on CoinPayments
After soliciting at least $60,000 from investors, PowerBot has pulled the plug on withdrawals.
Owner of the scheme Aidan Parr is blaming CoinPayments but they’re claiming otherwise. [Continue reading…]
Impact101 Review: Eight-tier Ponzi “donations” cycler
Impact101 bills itself as ‘a totally new initiative of QRGL Marketing Inc.‘
The company is a global leader in the IT space with a worldwide team, worldwide servers and long-serving relationships with other key international IT companies.
Frank Servedio, and Hans Looman, have been successfully combining their respective skills since they started QRGL Marketing Inc. in 2011.
Frank Servedio serves as President of Impact101. Looman doesn’t appear to have an executive position but is credited as a co-founder.
Prior to Impact101 Servedio and Looman were running Worldwide Shoppers Club.
Worldwide Shoppers Club was an MLM e-commerce platform.
The company appears to have been abandoned sometime last year, ahead of Impact101’s launch in mid January 2019.
Read on for a full review of the Impact101 MLM opportunity. [Continue reading…]
Neora Review: Nerium rebrands with new product formulas
In early January Nerium announced it would be rebranding itself as Neora.
The announcement was certainly strange, considering Nerium is an established brand with a seven-year history.
For their part, Nerium claims it rebranded because it is no longer focused on an ingredient in its flagship product.
When Nerium International launched in 2011, the company name was associated with an ingredient (nerium oleandrin extract) in its first product.
Now that the company has expanded internationally to offer a wide range of holistic innovative age-fighting skincare and wellness products that use advanced technology, the name no longer applies.
Although not mentioned in Nerium’s press-release, it probably also has something to do with the Nerium Skincare settlement.
Nerium Skincare, who supplied Nerium International with the nerium oleandrin extract product formulation, sued the company in 2015.
After a long bitter lead up to trial, the two parties reached an eleventh hour settlement last June.
As per the terms of the settlement, Nerium International paid Nerium Skincare ten million dollars.
In exchange, Nerium Skincare agreed to continue to supply Nerium International with nerium oleandrin extract products for ten months.
Seeing as the settlement was reached in June, the ten month transition period ends toward the end of April (might be early May depending on the exact date the settlement agreement was signed off on).
Looking at the product pages on Neora’s website, there’s no mention of nerium oleandrin extract.
It’d be refreshing if Nerium was just upfront about wanting to change its name because they lost their supplier, but I digress.
Following the Neora name-change, a few readers have reached out to us to request a new review.
BehindMLM published its Nerium review back in 2014, so today we’re revisiting the company’s current offering as Neora. [Continue reading…]
Nui gambling investor funds over unregistered securities outside Texas
Following Nui’s fine for securities fraud violations in Texas it should be clear that, in order to operate legally in the US, Nui needs to register its securities offering.
Instead of doing that though, the company is pushing ahead – on the gamble that other states and the SEC will not take any further action against it. [Continue reading…]
