Cash FX Group provides no information on their website about who owns or runs the business.

Cash FX Group’s website domain (“cashfxgroup.com”) was privately registered on March 4th, 2019.

Update 13th October 2019 – CashFX affiliates are citing Huascar Lopez as founder and CEO of the company.

As best I can make out, Lopez appears to be from the Dominican Republic.

The only MLM company I was able to peg Lopez too was My Fun Life circa 2013-2014. /end update

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…]

Authorities in Surat, Gujurat arrested Rakesh Savani last Friday.

Savani is identified as a “Asian region promoter” of BitConnect, the notorious MLM cryptocurrency Ponzi scheme. [Continue reading…]

Earlier this year NewULife filed a lawsuit against a former distributor for claims made against the company.

What differentiated this case was that the cited claims were taken from private Facebook chats, which neither party had provided to NewULife.

Kevin Thompson, who is representing defendant Georgia Hargett (aka Georgia Balsley), recently provided some updates on the case. [Continue reading…]

Five university professors have filed a brief in support of Charles Scoville’s Traffic Monsoon SCOTUS writ. [Continue reading…]

Gains Systems provides no information on its website about who owns or runs the company.

Gains Systems’ website domain (“gains.systems”) was privately registered on February 21st, 2019.

A Hong Kong incorporation certificate for Gains Systems Limited is provided.

According to the certificate, Gains Systems Limited was incorporated in Hong Kong on May 14th, 2019.

As far as MLM due-diligence goes, basic Hong Kong incorporation is meaningless.

Incorporation in Hong Kong requires payment of a small fee. Provided details are not verified and by the time fraud is detected, typically a scheme will have long-since collapsed.

Supporting Gains Systems’ Hong Kong incorporation details being bogus is the “gain-sys.com” domain registration.

The Gain Sys website is a clone of Gains Systems’ website. The Gain Sys domain was registered with bogus data (Las Vegas, Alabama doesn’t exist).

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…]

Multiple TradeX provides no information on their website about who owns or runs the business.

The “about us” section on Multiple TradeX’s website references “iprofit247.com”, which appears to be a clone site.

Multiple TradeX claims to be “registered” in the US, but only provides a UK incorporation number for Minefield LTD.

Minefield LTD was incorporated in 2009. The company’s incorporation was dissolved as of January this year.

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

A “certificate” link on the Multiple TradeX website displays a Hong Kong incorporation document for “Cryptocom Limited”.

Considering the Multiple TradeX and iProfit 24/7 website domain were privately registered in April and February this year, it is unclear whether they have anything to do with Minefield LTD or Cryptocom Limited.

Given the fraudulent representation Multiple TradeX is incorporated in the US, I’m not inclined to give the company the benefit of the doubt.

Offered languages on Multiple TradeX’s website include English, Russian, Chinese and Vietnamese.

Given the high percentage of scams that originate out of Russia, China and Vietnam, who ever is running Multiple TradeX is likely based out of one or more of these 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…]

Xsinergia provides no information on its website about who owns or runs the company.

Xsinergia’s website domain (“xsinergia.com”) was privately registered on February 19th, 2019.

“Related companies” cited in Xsinergia’s Terms and Conditions are Synergy of Assets and Partners S.L., Nousgo World Wide Traveling S.L. and TOR GLOBAL TRAVEL S.L.

Another company, Sinergia De Activos Y Socios S.L. is purportedly incorporated in Spain but has a Polish mailing address.

Further research reveals official Xsinergia marketing material citing Enrique de Mena as CEO of the company.

This is supported by a June 12th post on Xsinergia’s official Facebook page, which states it’s a

100 percent Spanish Company with physical headquarters in Malaga, South of Spain.

Created by Luis de Mena and Enrique de Men’s. [sic]

Possibly due to language-barriers, I was unable to put together an MLM history on either founder.

In addition to no executive information provided on Xsinergia’s website, it appears neither De Mena has a digital footprint outside of the company.

Finally, note that although Xsinergia represents itself as a Spanish company, Alexa currently pegs Brazil (22%), Mexico (14%) and Iran (8%) as top sources of traffic to its website.

Read on for a full review of Xsinergia’s MLM opportunity. [Continue reading…]

Neworkoin operates in the MLM cryptocurrency niche and represents it is based out of Malta.

Heading up Neworkoin is its founder and President, Andor Viragh.

According to Viragh’s Facebook profile, Neworkoin was launched on or around September 2018.

Prior to Neworkoin Viragh (right) was promoting Enagic’s Kangen water filters.

That was circa 2014 though, with there being a considerable gap between Kangen and Neworkoin’s founding.

Read on for a full review of Neworkoin’s MLM opportunity. [Continue reading…]

Following an eleventh hour stipulation by the FTC and 8 Figure Dream Lifestyle defendants, a preliminary injunction has been granted. [Continue reading…]

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

Miracle System’s website domain (“miraclesocialmediasystem.com”) was privately registered on October 27th, 2018.

Further research reveals the official Miracle Media Facebook group was created by Domonique Barbee “about 3 months ago”.

Domonique Barbee also features prominently in Miracle System marketing material.

Prior to launching Miracle System, Barbee (right) was promoting the Fearless Momma gifting scheme and Click Funnels pyramid scheme.

Other schemes Barbee has promoted over the past two years include Coins of Change (bitcoin Ponzi cycler), iMarketsLive, Abundant Bitcoin Crowdfunding (matrix cycler), Waszupp Global (pyramid scheme), Postcard Networker (gifting), iCoinPro, UEconomy (gifting), Royaltie,  1 Online Business (Ponzi scheme) and GladiaCoin (bitcoin Ponzi).

I could go on but for the sake of keeping this review readable, I’ll leave it there.

Here on BehindMLM readers cited Barbee as a top promoter of the 2016 Infinity Profit System gifting scheme.

Read on for a full review of Miracle System’s MLM opportunity. [Continue reading…]