Following the filing of a chargesheet against Amit Bhardwaj, Indian authorities have recovered 451.999 bitcoin.

The bitcoin is tied to Bhardwaj’s GainBitcoin Ponzi scheme, which collapsed in late 2017. [Continue reading…]

The collapse of Laurie Suarez’s The Berlin Group Ponzi has taken a bizarre turn.

Whereas The Berlin Group primarily operated their Recycle Bot via the Telegram messaging app, Suarez is launching his Ponzi reboot via a website.

To that end The Recycle Bot website has been set up, and for some reason it has a merch store. [Continue reading…]

MyGeces System provides no information about who owns or runs the business on their website.

The MyGeces System website domain (“mygeces.com”) was privately registered on June 19th, 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…]

Maktub Emirates provides no information on their website about who owns or runs the business.

The Maktub Emirates website domain registration doesn’t provide any further information (the domain is registered to the company itself).

At the time of publication Alexa cite Brazil (51%) and Spain (18%) as the primary sources of traffic to the Maktub Emirates website.

It is highly likely that whoever is running Maktub Emirates has ties to one or both of these countries.

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…]

Ahead of Faith Sloan’s scheduled February 2019 TelexFree trial, the SEC filed for a $1.2 million partial summary judgment in late November.

Sloan filed her response on December 7th, in which she makes four primary arguments; [Continue reading…]

Solmax Global provides no information on its website about who owns or runs the company.

The Solmax Global website domain (“solmaxglobal.com”) was privately registered on October 4th, 2017.

At the time of publication Alexa cites Pakistan as the primary source of traffic to the Solmax Global website (49%).

This suggests that whoever is running Solmax Global is likely based out of Pakistan.

Based on Solmax Global marketing material, another possibility is someone residing in the UK with strong links to Pakistan.

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…]

Roughly twenty-two hours ago as I write this, BehindMLM published a review of AtmosO2.

In a nutshell, AtmosO2 was an unregistered securities offering run by Ocular Tech.

Barely half an hour ago, AtmosO2 CEO and Ocular Tech co-founder Dager Contreras announced he’s shutting the MLM opportunity down. [Continue reading…]

Although he’s not directly referenced on the Daily Net Pay website, marketing videos on the site identify John Kielec as “admin and creator” of the company.

Kielec operates his various companies out of Canada.

BehindMLM first referenced Daily Net Pay in our Daily Net Traffic review.

Under the F5M Millionaires Club brand, Kielec launches various MLM opportunities, the latest of which is Daily Net Traffic.

Other opportunities mentioned on the F5M Millionaires Club website include Daily Net Pay and Revenue From Advertising.

Since our published March 2017 review the Daily Net Traffic gifting scheme has collapsed (website offline).

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

AtmosO2 provides no information on their website about who owns or runs the business.

In fact as I write this, the AtmosO2 website is nothing more than an affiliate login form.

The AtmosO2 website domain (“atmost02.com”) was privately registered on October 18th, 2018.

Further research reveals AtmosO2 marketing videos identifying Dager Contreras (right) as CEO of the company.

According to Contreras’ LinkedIn profile, he co-founded Ocular Compliance Tech.

According to Ocular Compliance Tech’s website,

Ocular is an Anti- Money Laundering (AML) compliance platform that provides instant verification of a customer`s background (KYC).

The platform leverages cryptographic security mechanisms employed in distributed ledger technologies to ensure that data cannot be tampered with, while allowing users full control over how their data is stored and shared.

Contreras’ LinkedIn profile suggests Ocular Compliance Tech launched in early 2017.

The current Alexa traffic ranking of 11.7 million for the company’s website suggests Ocular Compliance Tech flopped.

Nonetheless Ocular Compliance Tech ties Contreras to the cryptocurrency industry. I wasn’t able to find any prior MLM involvement.

Contreras LinkedIn profile cites his location as California in the US. This is presumably where AtmosO2 is also being operated from.

Read on for a full review of the AtmosO2 MLM opportunity. [Continue reading…]

FX Trading Corp operates in the MLM cryptocurrency niche and represents it is based out of South Korea.

To that end a tax certificate for “FX Trading Corporation” is provided on the company’s website.

Heading up FX Trading Corp are co-founders Young Min Oh (CEO), Joon Park (CFO) and Yang Jae Seok (CMO).

No information about any of these individuals is provided. Possibly due to language-barriers, I was also unable to find anything further myself.

What little I did find was tied to FXTrading Corp itself. This is a red flag as it suggests the co-founders have no digital footprint outside of the recently launched company.

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