AdvoCare has announced that it is dumping it’s MLM opportunity.

The decision was made following “confidential talks” with the FTC. [Continue reading…]

In an announcement published earlier this month, the Zeek Rewards Receiver has provided some updates on final distribution payments. [Continue reading…]

bUnited operates in the ecommerce MLM niche and launched around five years ago.

The company’s website domain (“bunited.com”) was first registered in 2014. Promotion of the company however began on or around mid 2015.

After nothing much happening since then, measurable interest in the company started earlier this year.

At present Alexa pegs Brazil (10%), Russia (8%) and the US (8%) as the top three sources of traffic to bUnited’s website.

On the management side of things bUnited is headed up by co-founders Jim Jorgensen, Ozan Taner and Johannes Pohle.

Jorgensen serves as Chairman of bUnited. Jorgensen is notable enough to have his own Wikipedia entry, on which he’s described as a serial entrepreneur.

He has started over 25 enterprises since getting his MBA at Stanford Graduate School of Business at the age of 24.

Jorgensen’s industry selection for these new enterprises has been wide, running from retail to manufacturing, from Internet to mail order, and from oil exploration to insurance.

Some of the entities remained small, while two of them reached market caps in excess of $1 billion.

Jorgensen and Pohle’s business relationship dates back to at least 1999 through AllAdvantage.

On his LinkedIn profile Ozan Taner cites himself as founder and CEO of Moema Espresso Republic.

Moema Espresso Republic is purportedly a “leading importer of Brazilian roasted gourmet espresso/coffee”.

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

A second writ deadline extension has given Charles Scoville another month to delay Traffic Monsoon proceedings with. [Continue reading…]

The DasCoin Ponzi scheme has collapsed, prompting the company to shut down its website.

Visitors to the DasCoin website are now presented with a hard fork message.

After a hard fork of the DasCoin Blockchain on May 14, 2019, the existing network nodes have voted to support a new coin.

DasCoin’s new scamcoin fork reboot has been revealed as GreenPower. [Continue reading…]

The last Zhunrize defendant holding out has settled with the Receiver.

Todd Spencer was named as a clawback defendant in the Zhunrize Receiver’s $2.8 million Vodaware lawsuit.

Through Vodaware, Spencer is believed to have received upwards of $350,000 in stolen Zhunrize investor funds. [Continue reading…]

OneCoin has stopped defending its fraudulent business model.

Instead, the company now claims it’s not a Ponzi pyramid scheme because only IMAs were scammed. [Continue reading…]

Crude Oil Profit provides no credible information on its website about who owns or runs the business.

The best Crude Oil Profit serves up is a YouTube video, supposedly featuring their Director, “Aaron Morris”.

The video however is just someone with a thick thick European accent reading off a broken English script, in what is obviously a rented office space.

Crude Oil Profit seem to have hired the actor about a month ago, as he features in a number of videos bulk uploaded on April 4th.

In another attempt to feign legitimacy, Crude Oil Profit incorporated itself as “Crude Oil Profit Limited” in the UK back in February.

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

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…]

World Way Capital provides no information on its website about who owns or runs the business.

Despite a cock and bull timeline presentation dating back to 2011, World Way Capital didn’t exist until October 2018.

World Way Capital provide incorporation documents for World Way Capital in Ontario, Canada.

The incorporation address is a residential address, purportedly shared by a number of other businesses.

This suggests the address itself is baloney, and that World Way Capital has no actual physical presence in Canada.

According to a provided certificate, World Way Capital LP appears to have been set up through Sergiu Valuta of Delacroix Enterprises.

Delacroix Enterprises only seems to exist in conjunction with incorporation of third-party companies.

This suggests it’s primary business is providing incorporation services to clients for a fee.

A different generic office building address in Canada is provided in the footer of the World Way Capital website.

Additional ambiguous addresses for Vietnam, Kenya, the Philippines are also provided.

A video titled “CEO of World Way Capital John Walters”, was uploaded to the official World Way Capital website on May 14th.

The amusing video is narrated by someone with a thick European accent. Footage of an actor representing Walters is combined with stock footage.

The actor representing John Walters can repeatedly be seen reading from a script (follow his eyes). His voice is also poorly dubbed over.

Obviously John Walters, as depicted in the video, doesn’t exist.

In an attempt to prevent people from pointing any of this out, World Way Capital has disabled comments for the video.

Funnily enough BehindMLM ran into a Sergui Valuta in connection with the Buy Time Ponzi scheme.

That was back in 2017 and back then it was the “Damitra Group”. Same fake CEO model.

As per our Buy Time review, both it and Valuta seem to have ties to the Richmond Berks Ponzi scheme too.

Valuta is believed to be based out of Europe, which fits the broken English on the World Way Capital website.

At the time of publication Alexa pegs Iran (27%) and the US (15%) as top sources of traffic to World Way Capital’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…]

In an MLM compensation plan, typically the most difficult bonuses to qualify for are those that payout periodically.

Initial qualification can be steep but also once qualified for, qualification is typically often required be maintained over a period of time.

Worse still, even when qualified for, there’s pretty much nothing stopping a company quietly dropping the bonus without paying out.

Such appears to be the case with Pruvit’s Consistency Bonus. [Continue reading…]