SEC moves for $38.6 million in relief against Fort Ad Pays defendants
Last May Pedro Fort and his Fort Ad Pays Ponzi scheme entered default.
Now the SEC has moved for $31.5 million in relief against three Fort Ad Pays defendants. [Continue reading…]
Second X10 Platform email touts larger payout, higher fee
A few days ago we reported that the X10 Platform Ponzi scheme had collapsed.
Accompanying the collapse was a series of emails sent out, asking for a fee in lieu of a final payment.
What made the emails strange was that X10 Platform affiliates who’d never invested were also receiving them.
Now a second email has been sent out, upping the fee requested and promised payout. [Continue reading…]
4Life Review: Preferred customers = affiliates?
4Life operate in the nutritional supplement MLM niche. The company launched in 1998 and is based out of Utah in the US.
Heading up 4Life are husband and wife co-founders, David and Bianca Lisonbee.
Danny Lee serves as 4Life’s CEO and President.
Way back in 1985 David Lisonbee co-founded Nature’s Labs, which was later renamed to Enrich International.
Enrich International marketed nutritional supplements, sold in capsule form.
Towards the end of the 1990s Enrich International went through management and ownership changes, coinciding with Lisonbee’s launch of 4Life.
Danny Lee was appointed CEO of 4Life in late 2017.
Lee has been with 4Life since 2008, having served as COO and CMO prior to his CEO appointment.
Read on for a full review of the 4Life MLM opportunity. [Continue reading…]
Traffic Monsoon victim claims process submitted for approval
The Traffic Monsoon Receiver has submitted a victim claims process for approval. [Continue reading…]
iClub Biz Review 2.0: ICB Trader white label unregistered securities
Back when BehindMLM reviewed iClub Biz in 2013, the company combined membership recruitment with travel and nutritional supplements.
Six years on and iClub Biz’s website traffic is dead, suggesting there’s not that much going on.
Nonetheless I was approached for a review update by a reader, owing to some new trading product iClub Biz is trying to get off the ground.
Read on for an updated review of the iClub Biz MLM opportunity. [Continue reading…]
NewULife sues for $100,000+ over private Somaderm cancer chatlogs
NewULife claim that Georgia Hargett (also identified as “Georgia Balsley” in the complaint), signed up as a NewULife affiliate (IMC) around fifteen months ago.
Over the last twelve months, Hargett has purportedly began slagging off NewULife to other affiliates. [Continue reading…]
Indian celebrities summoned to explain QNet association
The Cyberabad EOW has served summons notices to over 500 individuals, including several well-known Indian celebrities and sports people. [Continue reading…]
Kimberly Dalius dropped from Saivian Ponzi lawsuit
Pursuant to a stipulation between Eric Dalius and the SEC, Dalius’ wife Kimberly has been dropped as a relief defendant. [Continue reading…]
X10 Platform collapses, exit-scam blamed on Cryptopia hack
Not even three months out from launch, the X10 Platform Pozni scheme has collapsed.
Rather than acknowledge they ran out of money though, the company is blaming the Cryptopia exchange hack. [Continue reading…]
Recycle Bot collapses, reboots as RB Global Crypto Bank with fees
Ongoing withdrawal problems has seen Luarie Suarez’s Recycle Bot Ponzi collapse.
The company has rebooted as RB Global Crypto Bank, with added ROI withdrawal fees. [Continue reading…]
