John Harris’ lawsuit arguing Nerium affiliates were ‘denied proper classification as to employee status’ has been dismissed. [Continue reading…]

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

The Omega Pro website domain (“omegapro.world”) was privately registered on November 9th, 2018.

A UK corporate address provided on the Omega Pro website belongs to Prime Secretarial, a virtual office merchant.

Update 20th August 2020 – France adding OmegaPro to their fraud blacklist prompted me to take another look into OmegaPro’s ownership.

My research provided two names; Dilawar Singh (right) and Andreas Szakacs.

Dilawar Singh is cited as a co-owner of OmegaPro. Singh is based out of Germany and, prior to OmegaPro, was an Ambassador of Omnia Tech.

Considering OmegaPro launched right after OmniaTech collapsed, it appears to be a continuation of the Ponzi scheme.

Andreas Szakacs (right) operates out of Dubai. I wasn’t able to confirm an MLM history.

From this we can surmise that OmegaPro is being operated out of the Middle-East and Europe.

As as the time of this update, Alexa ranks Brazil (17%), Colombia (15%) and Nigeria (12%) as top sources of traffic to OmegaPro’s website. /end update

Update 27th October 2023 – Turns out Andreas Szakacs was a “top leader” in the notorious OneCoin Ponzi scheme.

Szakacs joined OneCoin in 2015. He was recruited by the father of his then girlfriend, Petri Välilä.

Nevzat Figo Dikmen and Riitta Elisabet Granlund (aka Riitta Dikmen), were also part of the group.

Together, Szakacs, Välilä and Granlund/Dikmen promoted OneCoin across Turkey and Thailand.

Szakacs would go on to marry Petri Välilä’s daughter, Viktoria Välilä, in 2017 – the same month OneCoin founder Ruja Ignatova disappeared.

Szakacks and Viktoria are believed to have split sometime in 2022.

/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…]

Whereas regulation of the MLM sector came mostly to a standstill thanks to Trump’s shutdown, in some corners government employees are still active.

One such corner is the Washington state AG’s Office, who are suing LuLaRoe for being a pyramid scheme. [Continue reading…]

Yers doesn’t provide any information about who owns or runs the company on its website.

The Yers website domain (“yers.app”) was registered on May 23rd, 2018. “Y4YERS” is the registered owner through an address in France.

This corresponds with Alexa traffic rankings, which estimates 64% of traffic to the Yers website originates out of France. Switzerland is the only other notable source of traffic (23%).

Despite seeming to be owned and operated from France, Y4YERS appears to be a shell company incorporated in Luxembourg.

Yers’ general terms and conditions establishes

contractual relations between the simplified joint stock company Y4YERS SAS, having its registered office at 5, Boulevard Royal, L-2449 Luxembourg, registered with the RCS Luxembourg under the number B213932.

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…]

FutureAdPro is going through its second collapse, with affiliate ROI payments slashed by up to 60%.

Referral commissions on invested amounts have also been further manipulated to reward only FutureAdPro’s top recruiters. [Continue reading…]

Following an almost two year wait, earlier today a decision on Charles Scoville’s Traffic Monsoon Ponzi appeal was published.

In a decision that positively nobody could have predicted, the Tenth Circuit appeals court has denied the Traffic Monsoon appeal. [Continue reading…]

Despite having a whole section dedicated to transparency, Pro Mine Technologies fails to disclose company ownership details on its website.

A marketing document provided on the Power Mine Technologies website however identifies Aidan Parr as owner and Director of the company.

Parr is from the UK, which corresponds with Pro Mine Technologies LTD’s UK incorporation in November 2018.

Beyond providing an official looking certificate to parade about on Facebook however, Pro Mine Technologies’ UK incorporation is meaningless.

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

On his personal Facebook profile, Parr (right) also cites himself as a Director of Revive Landscapes.

After getting his landscape business ‘in a place (he) had longed for‘, Parr claims he ‘turned to the online space of crypto currencies‘.

Prior to launching Power Mine Technologies Parr was promoting the Berlin Group Recycle Bot and iCenter Ponzi schemes.

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

A court transcript has provided the clearest picture of the ongoing international investigation into OneCoin yet. [Continue reading…]

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

The iThrive Network website domain (“ithrivenetwork.net”) was privately registered on June 4th, 2018.

From what I can gather iThrive Network is a reboot of the collapsed iPro Network scheme.

iPro Network launched in early 2017 and was attached to the ProCurrency altcoin (PROC).

iPro Network offloaded pre-generated PROC onto its affiliates, on the usual promises of riches.

On the MLM side of things, iPro Network paid commissions on recruitment of new affiliate investors.

In true MLM altcoin fashion PROC pumped upon its initial listing in late April 2017. PROC peaked at an all time high of 35 cents toward mid July.

This was followed by a sharp decline beginning August, with PROC currently trading at .06 cents (that’s 0.06 actual cents, not 6 cents).

By mid 2018 iPro Network itself had collapsed. In a desperate bid to keep the company going the association was PROC was abandoned (typical MLM altcoin exit-scam).

It was around this time that iThrive Network was announced.

Note that although iPro Network has been abandoned, for some reason the company’s website is still up.

In our March 2017 iPro Network review we noted Armando Contreras cited as CEO of the company.

Based on the lack of verifiable information provided on Contreras, we weren’t sure he actually existed.

We’re still not sure and iThrive Network’s website being devoid of executive information doesn’t inspire confidence.

A video titled “iThrive Launch Update 7-28-2018” was uploaded to the official iPro Network Vimeo channel on July 30th, 2018.

In the video Daniel Pacheco (right) is identified as “the president of the company”.

On his personal Facebook profile, Pacheco identifies himself as “President (organization) at iProNetwork”.

Pacheco appears to have been involved with iPro Network either from launch or from very early on.

Prior to iPro Network and iThrive Network, Pacheco was promoting the Lucrazon Global Ponzi scheme:

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…]

The BitinForex website provides no information about who owns or runs the business.

The BitinForex website domain (“bitinforex.com”) was privately registered on December 17th, 2018.

Through its business model (see compensation plan section below), BitinForex is inextricably linked to Top10Cap and CoinFinexx.

Top10Cap and CoinFinexx have their own websites, neither of which provides management or ownership information.

The Top10Cap and CoinFinexx website domains were privately registered on March 6th and December 3rd, 2018 respectively.

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…]