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…]

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…]

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…]

A judgement in an unfair dismissal between Atif Kamran and LEO has revealed the company is insolvent or on the verge of insolvency.

Following his arrest in Pakistan mid last year, LEO CEO and President Dan Andersson is also purportedly locked down unable to leave the country. [Continue reading…]

Over the last 48 hours DDK has been spamming their supposed rebuttal to our December 10th review in various places.

Written from the frankly insulting perspective that nobody is capable of understanding their simple business model, DDKoin alleges our review contains “false allegations” and an “inaccurate representation” of their products (of which they have none).

Let’s get into it. [Continue reading…]

Following an order permanently banning USI-Tech from operating in Ontario, Canada, the Ontario Securities Commission has published detailed reasoning behind its decision.

The reasoning includes an email from USI-Tech management that throws their Canadian affiliates under the bus. [Continue reading…]

In a Bill of Particulars filed on February 22nd, the DOJ has revealed Mark Scott’s seized assets.

The detailed list provides insight into shell companies and which countries Scott assisted OneCoin with laundering invested funds through. [Continue reading…]

A fortnight ago we reported that Matt Lloyd McPhee had filed an answer to the FTC’s MOBE lawsuit.

Lloyd’s answer was filed well past the deadline, in addition to the FTC having already filed for and being given an entry of default.

On the basis of his having now filed an answer, Lloyd also filed a motion requesting the entry of default be set aside.

This left me unclear on what would happen next;

I’m unclear on whether Lloyd’s answer after the fact has any bearing on the recorded entry of default.

Turns out it’s at the court’s discretion to accept Lloyd’s answer.

In the meantime, the FTC has filed an opposition to the entry of default being set aside. [Continue reading…]

StreamReward operates in the advertising MLM niche.

The company provides a corporate address in the UK on its website, however further research reveals this to be shared office space.

None of the executives presented on the StreamReward website have any digital footprints.

Additionally the photos used to represent the executives are poorly cropped and placed on a white background.

They don’t appear to be stock photo quality so I’m going to go with stolen social media profile photos.

The Stream Reward website domain was registered on November 25th, 2018.

Alexa traffic estimates for the domain cite Russia (17.3%), Japan (7.1%) and the US (5.7%) as the top three sources of traffic.

It is highly likely that whoever is actually running StreamReward 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…]

Virtual Currency International operate in the cryptocurrency MLM niche. The company is headed up by founders Eugen Rosenmeier and Vladimir Galabov.

Prior to founding Virtual Currency International, both Rosenmeier and Galabov were promoting cryptocurrency scams.

Up until mid last year, Eugen Rosenmeier (aka Eugen Krause) was promoting CryptoGold.

CryptoGold affiliates invested up to $3500 in positions. These positions paid a return, supposedly generated via cryptocurrency mining.

CryptoGold provides no evidence on its website of having registered its passive investment opportunity with a securities regulator.

Alexa traffic estimates for the CryptoGold website show a sharp decline throughout the second half of 2018.

The collapse of CryptoGold is what likely prompted the launch of Virtual Currency International in September, 2018.

Vladimir Galabov has promoted a number of MLM Ponzi schemes over the past few years.

Although 2018 was mostly quiet for Galabov until Virtual Currency International’s launch, past Ponzi schemes Galabov has promoted include Cryp Trade Capital, My Paying Crypto Ads, GainBitcoin, FortAdPays and GetProfitAdz.

In its marketing material, Virtual Currency International provides a PO Box corporate address for “Network Planet LTD” in Saint Vincent and the Grenadines.

The marketing material also states Virtual Currency International has “offices are in Sofia, Bulgaria”, but provides no further details.

Saint Vincent and the Grenadines is a known tax-haven. There is no reason for a legitimate company to be operating out of a PO Box there.

On their respective Facebook profiles, Eugen Rosenmeier and Vladimir Galabov state their respective locations as Hessen, Germany and Plovdiv, Bulgaria.

As opposed to Saint Vincent and the Grenadines, Virtual Currency International is very much being operated out of Europe.

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