In what is essentially a continuation of litigation prior to the 2015 case freeze, the SEC has filed a renewed default judgment motion against DFRF Enterprises.

In their February 1st motion the SEC argues that DFRF Enterprises is in default, because Daniel Filho filed a response to their original compliant on behalf of the company. [Continue reading…]

Spain’s National Securities Market Commission has added FXTrading Corp to its list of illegally operating companies. [Continue reading…]

The National Bank of Slovakiahas issued investment fraud warnings against Skyway Capital and Five Winds. [Continue reading…]

Following non-payment to its affiliates, Eyeline Trading has announced it will be rebooting as WealthBoss next month. [Continue reading…]

NewU Financial operates in the financial services MLM niche and operates out of the US.

The NewU Financial website identifies Jeff Long and George Wilson as co-founders of the company.

Jeff Long first appeared on BehindMLM’s radar as the founder of AutoXTen, a recruitment scheme launched in 2011.

AutoXTen collapsed a few months after launch, with Long going to launch SMS Dailies. It too didn’t last long.

Long resurfaced in late 2015 with Get Paid Social, a Facebook spam pyramid scheme.

Get Paid Social went into decline throughout 2016, prompting Long to launch 1 Online Business in mid 2017.

1 Online Business combined a cycler Ponzi business model with social media spam. Alexa traffic estimates for the 1 Online Business show a brief hype period followed by a collapse leading into 2018.

Long launched and began promoting Luvv, a pyramid scheme, around April, 2018.

Luvv is believed to have collapsed a few months after its launch.

George Wilson appears to be a past participant of Long’s schemes, as evidenced by Wilson’s promotion of 1 Online Business in September 2017.

Going back further, Wilson also promoted the Infinity2Global Ponzi scheme and Empower Network gifting scheme.

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

Toga Limited provides a US corporate address on their website in the state of Nevada.

Further research reveals this address actually belongs to Regus, a virtual office service provider.

Despite being incorporated in Nevada, Toga Limited appears to only exist in the US as a shell company.

That said Toga Limited is registered with the SEC as “Toga Ltd”, so the company does have some roots state side – even if only on paper.

Toga Limited identify Michael Toh Kok Soon as founder and President of the company.

As per Soon’s Toga Limited corporate bio;

Michael Toh has years’ experiences in business and market development.

He has founded Gen Five Global, a telecommunication company that has been authorized to be Celcom merchants which has 14 branches throughout Malaysia.

As far as I can tell, Soon doesn’t have an MLM history.

In Toga Limited’s last 10-K annual report, filed all the way back in July 31st, 2017, the company provides a corporate address in Kuala Lumpur, Malaysia.

In a recent 8-K filing on December 10th, 2018, Toga Limited advised the SEC;

On November 29, 2018, Toga Limited, a Nevada corporation (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) whereby the Company will issue 4,704,763 shares of its common stock at $0.85 per share in exchange for ownership of approximately 30,075 square feet of space in an office building known as the Empire Damansara, located in the township of Damansara Perdana, which is part of the Golden Triangle of Petaling Jaya, adjacent to Kuala Lumpur in Malaysia.

Toga Limited appears to be a Malaysian company, run by Malaysians from within Malaysia itself.

The Company incorporated a wholly-owned subsidiary, TOGL Technologies SDN. BHD. in Malaysia on September 26, 2017.

The US shell company was set up in 2016, via purchase of a failed online clothing retailer.

On June 30, 2016, Blink Couture, Inc. entered into a merger agreement with its wholly owned subsidiary, Toga Limited (the “Company”), a Delaware corporation with no material operations.

Blink Couture, Inc. was originally incorporated as Fashionfreakz International Inc. on October 23, 2003, under the laws of the State of Delaware.

On December 2, 2005, Fashionfreakz International Inc. changed its name to Blink Couture Inc.

Until March 4, 2008, the Company’s principal business was the online retail marketing of trendy clothing and accessories produced by independent designers.

On March 4, 2008, the Company discontinued its prior business and changed its business plan.

The Company’s business plan now consists of exploring potential targets for a business combination through the purchase of assets, share purchase or exchange, merger or similar type of transaction.

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

In our last article covering Recycle Bot withdrawal problems, I wrote that owner Laurie Suarez

can attach his Telegram Ponzi bot to any ruse. All he needs is new investment to feed the bot.

Following the collapse of the recycling and Ugandan energy ruses, Recycle Bot is now touting cloud mining returns. [Continue reading…]

The latest attempt by an MLM scam to legitimize itself via association, will see FutureNet sponsor an F1 team for two years.

Aston Martin Red Bull don’t seem to mind that sponsorship funds they’ll be receiving are proceeds of a global Ponzi scheme. [Continue reading…]

Police in Jackson, Tennessee are seeking help in apprehending a debit card fraud and theft suspect.

CCTV footage shows the suspect wearing beige cargo shorts and a black hoodie, emblazoned with WorldVentures’ logo. [Continue reading…]

The “bitcoin vs. OneCoin” lawsuit that has been playing out in Germany has come to an end.

The final judgement wasn’t an outright win for the defendants, but equally not an outcome OneCoin was hoping for. [Continue reading…]