Having evidently taken their sweet time about it, the North Dakota Securities Division issued BitConnect a cease and desist on September 19th. [Continue reading…]

Crypto 300 Club provides no information about who owns or runs the company on their website.

The Crypto 300 Club website domain (“crypto300club.com”) was privately registered on July 15th, 2018.

On their website, Crypto 300 Club claims to be “a licensed clone of Ad Click Xpress.”

AdClick Xpress is a $10 adpack Ponzi scheme, purportedly run by Frederick Mann of JSS Tripler, Profit Clicking, JustBeenPaid Ponzi fame.

Alexa traffic estimates for the AdClick Xpress website show a steady decline through 2018, which for a Ponzi scheme translates into a collapse.

Crypto 300 Club appears to have been launched in a desperate bid to keep AdClick Xpress afloat for however much longer.

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…]

Rockwall Investments operate in the MLM niche and claims to have gone into prelaunch last year.

Rockwall Investments website activity picked up in early May, with Alexa estimating the majority of traffic originates out of Poland (45%) and Australia (18%).

Rockwall Investments fails provide any specific details about who owns or runs the company.

Wiktor Zajączkowski and Rafał Krakowiak are cited as company co-owners, however no further information on these individuals is provided.

My first inclination was that Wiktor and Rafal were simply made up, however they do appear to be actual people:

The image on the right is taken from Rockwall Investments’ official Facebook page, from a post made on September 22nd.

The photo was purportedly taken at a “Crypto Future Expo in Warsaw” last weekend.

From this it’s pretty clear that Rockwall Investments is being operated out of Poland itself.

Prior to launching Rockwall Investments, Wiktor Zajączkowski and Rafał Krakowiak were promoting the Trade Coin Club and FutureNet Ponzi schemes.

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

According to records prepared by disgraced accountant Joseph Craft, TelexFree transferred $500,870 to Telex Mobile and $2.02 million to TelexElectric between 2012 to 2014.

For all intents and purposes Telex Mobile and TelexElectric were shell companies owned by Carlos Wanzeler and James Merrill.

Arguing that neither company provided any services to TelexFree in exchange for the transfer of funds, the SEC has filed for default judgment. [Continue reading…]

A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a “particularly egregious classic pyramid scheme”. [Continue reading…]

In what very well could be an early death-knell for Lyoness, Italian authorities have announced a preliminary investigation into the company. [Continue reading…]

TrafficAdBlast operate in the advertising MLM niche and appear to be based Brazil.

Cited as “Head of Staff Team” on the TrafficAdBlast website is Cleiton Maronni.

On his Twitter profile, Maronni claims to be the founder of TrafficAdBlast and cites his location as Rio de Janeiro.

TrafficAdBlast appears to have first launched in 2017 as a 1 cent a click opportunity.

A few months ago Maronni (right) relaunched TrafficAdBlast as a Ripple (XRP) revenue-sharing opportunity.

In addition to launching and relaunching TrafficAdBlast, Maronni promoted the MMM Global (Brazil) and FutureNet Ponzi schemes.

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

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

The AlterNet website domain (“alternet.com”) was first registered in 2004. The registration was last updated back in February of this year, which is likely when the current owner(s) took possession of it.

Lloyd Elzy is listed as the current AlterNet domain owner, through a residential address in the US state of Nevada.

Given the use of a residential address and there being no external information available on Lloyd Elzy, it’s a safe bet AlterNet’s domain registration details are bogus.

Two other domains connected to AlterNet (“adblast.org” and “mineblast.online”), were both privately registered in the last six months.

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…]

Traffic AdCoins provides no information on its website about who owns or runs the business.

The Traffic AdCoins website domain (“trafficadcoins.com”) was privately registered on July 25th, 2018.

At the time of publication, Alexa cite only the US (65%) and India (13%) as significant sources of traffic to the Traffic AdCoins website.

Update 25th September 2018 – Research for our TrafficAdBlast review has revealed Cleiton Maronni (right) is the founder of Traffic AdCoins.

Maronni is based out of Rio de Janeiro in Brazil.

Prior to TrafficAdBlast and Traffic AdCoins, Maronni was promoting the MMM Global (Brazil) and FutureNet Ponzi schemes. /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…]

It’s been about a month since we last checked in on the FTC’s lawsuit against Scott Chandler, Louis Gatto, Eric Pinkston and Thomas Dluca.

Probably the most significant update we have for you is the scheduling of a two-week criminal trial on September 16th, 2019.

In the meantime, mediation between the FTC and criminal defendants was ordered on September 5th.

As to when the mediation has to take place, no exact dates are given – only that it has to take place ‘no later than eighty days before the scheduled trial date‘.

Here’s a rundown of the other filings of interest made over the past month. [Continue reading…]