Following confirmation its BTC Packages were unregistered securities, USI-Tech announced it was abandoning the US and Canada back in early January.

Turns out that was baloney, with USI-Tech once again announcing it is abandoning the US and Canada a few days ago. [Continue reading…]

Update 1st September 2020 – BehindMLM has published an updated Elepreneurs review on September 1st, 2020. The review below is maintained for reference. /end update

The first thing I noticed upon visiting the Elepreneurs website was mention of Elevacity.

Both companies are operated out of Texas, were founded by Rob Oblon and share the same logo branding.

BehindMLM reviewed Elevacity in 2015 and concluded that if retail was focused on, the travel-based business opportunity showed potential.

Unfortunately that doesn’t seem to have happened, with Elevacity dropping off into obscurity until a few months ago.

Alexa traffic estimates show the same February, 2018, growth curve for both the Elevacity and Elepreneurs websites.

As of May, 2017, both Elepreneurs and Elevacity are operated through parent company Sharing Services Inc.

As of March 1st, 2018, Jordan Brock, Robert Oblon and Frank Walters are appointed directors of Sharing Services Inc.

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

Following publication of BehindMLM’s CGI Limited review on February 23rd, the company shut down its Coinsinos website.

Prior to being shutdown, the Coinsinos website marketed a gaming MLM opportunity tied to, among other things, cryptocurrency cock fighting.

Further research reveals that while the front-end of the Coinsinos website has been disabled, affiliate login services (“members.coinsinos.com”) now redirects to the CGI Limited website.

As at the time of publication, CGI Limited affiliates are being asked to deposit funds invested into betchip tokens via bitcoin, bitcoin cash, ethereum… or bank wire transfer to a US bank account. [Continue reading…]

Last we checked in, Howard Kaplan’s Zeek Rewards clawback lawsuit had been scheduled for trial this June.

Following that order, Kaplan and the Receiver entered into mediation on February 28th.

Ongoing negotiations have lead to a proposed settlement, which will see Kaplan return almost four hundred thousand dollars to Zeek Rewards Ponzi victims. [Continue reading…]

VenVici launched in mid 2014 and operate in the mobile app and e-commerce MLM niches.

The company provides no information on its website about who owns or runs it.

The VenVici website domain (“venvici.com”) was registered on January 10th, 2014.

Wang Ai Ping is listed as the owner through an address in Singapore.

The same address is provided on the VenVici website.

Possibly due to language-barriers, I was unable to find any connection between VenVici and Wang Ai Ping.

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…]

Over the weekend around seventy former Qnet affiliates staged a protest in India’s southern Karnataka state.

Angry victims of the scheme claim thousands of QNet investors have been duped across the country, while authorities continue to do nothing. [Continue reading…]

BitEstate provide no information on their website about who owns or runs the company.

The BitEstate website domain (“bitestate.biz”) was privately registered on November 7th, 2017.

Although BitEstate claims to be operated out of London, UK, it is far more likely that whoever is actually running it is based out of Russia or the Ukraine.

Alexa estimate Russia is currently the largest source of traffic to the BitEstate website (20%).

Russian is an offered language on the BitEstate website. BitEstate also operate a VKontakte social media account, which the company publishes content to in Russian.

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…]

Social Profimatic provide no information on their website about who owns or runs the business.

The Social Profitmatic website domain (“socialprofitmatic.com”) was privately registered on February 18th, 2018.

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…]

CryptoCash Nation provide no information on their website about who owns or runs the business.

The CryptoCash Nation website domain (“cryptocashnation.com”) was registered on December 30th, 2017.

Jill Field of “FXB Trading Inc.” is listed as the owner, through an address in British Columbia, Canada.

I wasn’t able to find any definitive ties to Jill Field and CryptoCash Nation.

There is a cryptocurrency exchange that goes by the name of FXB Trading, however again it doesn’t appear to have any links to CryptoCash Nation.

In a CryptoCash Nation marketing video, Thomas Fraser is identified as one of the co-founders of the company.

Fraser (right) appears to reside in British Columbia, Canada.

On his Facebook profile Fraser identifies himself as the owner of CryptoCash Nation, which he markets through the “Tommy Swoles Global Networker” page.

Prior to owning CryptoCash Nation Fraser was promoting Valentus.

Who Fraser is working with is unclear, but documents hosted on the CryptoCash Nation website suggest it’s tied to 7 Rings of Wealth:

7 Rings of Wealth is a cash gifting scheme launched early last year.

The company referred to participants in the scam as “the Nation”.

Alexa traffic statistics show interest in 7 Rings of Wealth peaked in September, 2017.

The scheme began to collapse around December and today 7 Rings of Wealth website activity is terminal.

For all intents and purposes, CryptoCash Nation appears to be a reboot of 7 Rings of Wealth.

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

GB21 provide no information on their website about who owns or runs the business.

The GB21 website domain (“gb21.com”) was first registered on May 9th, 2013.

The domain registration details were recently updated on January 10th, 2018, suggesting this is around the time the current owner(s) acquired it.

On their website, GB21 market MCAP altcoin mining packages.

MCAP is a worthless cryptocurrency attached to the Gain Bitcoin Ponzi scheme.

Gain Bitcoin launched in mind 2017 and offered investors a 10% monthly ROI on investment of up to 13.75 BTC.

The catch was ROI payments were paid in MCAP.

After investor recruitment died down, Gain Bitcoin collapsed in November, 2017.

MCAP pumped to almost $7 at the height of Gain Bitcoin investor recruitment in June, 2017. It is now worth 27 cents.

Gain Bitcoin was owned and operated by Amit Bhardwaj (right). It follows that he is also behind GB21.

According to recent Indian media reports, Bhardwaj is wanted by authorities in Maharashtra.

On Wednesday morning, Maharashtra minister of state for home Ranjeet Patil said that his government would ask the Enforcement Directorate, the central agency fighting economic crime, to probe allegations that Amit Bhardwaj and his company GainBitcoin had swindled investors of some Rs 2,000 crore through Bitcoin (BTC) Ponzi schemes – by far the largest such scam in India involving cryptocurrencies, if it is proven.

The moves by the Maharashtra government – it has also issued a ‘lookout notice’, made arrests, and sealed bank accounts – come at a time when Bhardwaj has left behind and closed the GainBitcoin operations and created a new company called GB21, which is another multi-level marketing (MLM) scheme being marketed aggressively in India and internationally.

Read on for a fullr eview of the GB21 MLM opportunity. [Continue reading…]