Midasama provides no information on their website about who owns or runs the company.

Midasama’s website domain (“midasama.com”) was first registered back in 2016.

The domain registration was last updated on May 28th, 2019.

The Midasama domain registration itself is private, providing no ownership information.

Further research reveals “Morgan Matthews” cited as a “business director” and “associate partner” of Midasama.

Naturally there’s no information about Matthews outside of Midasama’s own marketing material.

Before Matthews, Midasama were using some guy they named “Edward Fox” to promote the company.

The prop laptop really demonstrates Fox’s commitment to trading directing.

As far as I can tell, Midasama only trots Morgan Matthews out for promotional events.

The two events I came across were “strategic partnerships” with Daweda and StarWealth.

Daweda is a Cyprus shell company. According to Alexa, there is little to no traffic to Daweda’s website.

Daweda’s current website appears to have gone live on or around mid 2018.

Traffic to StarWealth’s website is so low Alexa doesn’t even rank it. It appears to be another shell company, this time based out of Hong Kong.

It’s worth noting that StarWealth’s website domain was registered within a a month and a half of Daweda’s in 2017.

At the time of publication Alexa pegs 84% of traffic to Midasama’s website as originating out of Malaysia.

It is highly likely that whoever is actually running Midasama is based out of Malaysia itself.

Midasama’s website defaults to Chinese, so it appears this is another instance of random white guys being paid to front a dodgy Asian MLM company.

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…]

LiquidFuel provides no information on their website about who owns or runs the company.

In fact as I write this, LiquidFuel’s public facing website is little more than an affiliate login page.

LiquidFuel’s website domain (“liquidfuel.io”) was privately registered on July 9th, 2018.

LiquidFuel’s EULA suggests the company is a “licensee” of LFXCR International, SRL.

No information about LFXCR International is provided. Nor does the company have a digital footprint.

Presumably LFXCR International is a recently set up shell company, incorporated in a dodgy jurisdiction.

LiquidFuel’s EULA supports this, as it goes on to state;

This agreement and any and all claims arising under this agreement shall be governed by the laws of Costa Rica.

Costa Rica is a scam-friendly jurisdiction with little to no regulation.

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…]

Monique Vaughn, wife of Wakaya Perfection Founding Ambassador Andre Vaughn, has been sentenced to three years probation. [Continue reading…]

Bellame was founded in 2016 and operates in the personal care MLM niche.

Bellame appears to be based out of California, although the company provides a virtual mailbox address on its website.

Heading up Bellame are co-founders Melissa and Scott Thompson (right).

According to a March 2017 press-release, the Thompsons have ‘45 years of combined expertise in the beauty and digital marketing‘ industries.

According to her LinkedIn profile, started her MLM career with Avon in 1999.

In 2007 she switched over to Belcorp and was with them for ten months.

Thompson left the personal care MLM niche in 2000. She joined Shaklee, a nutritional supplement opportunity, and promoted them for almost three years.

In late 2010 Thompson returned to the personal care MLM niche and Avon.

She remained an Avon distributor until July 2014, wherein she joined Mana.

In 2015 Thompson signed up with Stella and Dot. In 2016 Thompson changed gears again and worked as Chief Marketing Officer for Astoria Company.

Scott Thompson founded Astoria Company in 2010. He runs the lead generation marketing company as CEO.

That brings us to the launch of Bellame in December, 2017.

Melissa Thompson serves as Bellame’s CEO. Scott Thompson is the company’s Chairman and President.

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

As the most prominent app wallet Ponzi scheme on the market, it’s only a matter of time before Cloud Token attracts regulatory attention.

Evidently fully aware of this, Cloud Token has begun to embrace pseudo-compliance. [Continue reading…]

Turns out communications service merchants don’t like their networks being used to promote pyramid schemes.

Who didn’t see this coming? [Continue reading…]

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

The Sacuwa website domain (“sacuwa.com”) was privately registered on May 16th, 2019.

At the time of publication Alexa cites Vietnam as the only significant source of traffic to Sacuwa’s website (39%).

This isn’t enough to suggest Sacuwa is based out of Vietnam, but does demonstrate where the majority of promotion is taking place.

Vietnam has emerged as a hotbed for cryptocurrency fraud over the past few years.

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…]

Terbium7 provides no information about who owns or runs the company on their website.

Terbium7’s website domain (“terbium7.com”) was privately registered on April 21st, 2019.

One thing I have to point out is Terbium7’s web-design is remarkably similar to the 2017 Laser Online Ponzi scheme.

Could just be the same designer but I feel Terbium7’s web design is suspiciously too similar to be a coincidence.

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…]

Elite Fin FX (also goes by Elite Finance Forex), provides no information on its website about who owns or runs the business.

The company does provide a UK incorporation certificate, which corresponds with Elite Finance Forex Limited.

Elite Finance Forex Limited was incorporated in the UK on July 31st, 2018.

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

Elite Fin FX’s website domain (“elitefinfx.com”) was privately registered on July 6th, 2018.

At the time of publication, Alexa cites Nigeria, Venezuela and India as top sources of traffic to Elite Fin FX’s website.

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 new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year.

In addition to covering that, today we’re also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. [Continue reading…]