Breaking news on US efforts to extradite TelexFree owner Carlos Wanzeler on criminal charges, following a decision to strip Wanzeler of his Brazlian citizenship.

Can’t say I saw this one coming… [Continue reading…]

On February 15th Avon announced it would be closing operations in Australia and New Zealand by the end of 2018.

From the sounds of it, Avon’s announcement came as a complete surprise to the company’s 21,400 Australian representatives.

How many representatives Avon has in New Zealand is unclear. [Continue reading…]

The Zeek Rewards Receiver files his quarter four report for 2017 on February 15th.

The Zeek Receivership has mostly wound down, however a few outstanding clawback related tasks remain. [Continue reading…]

Seigneur Coin provide no information on their website about who owns or runs the company.

The Seigneur Coin website domain (“seigneurcoin.co”) was privately registered on December 15th, 2017.

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 USI-Tech regulatory warnings by other Canadian provinces have been mostly passive (alerts, warnings etc.), Ontario has upped the stakes by issuing a temporary cease trade order against the company and two affiliates. [Continue reading…]

When you’re just another pump and dump altcoin launch in a see of thousands, you can either work on actually adding to cryptocurrency or try to gimmick your way to legitimacy.

Through the hiring of Steven Seagal as Brand Ambassador, take a guess which route BitCoiin have chosen. [Continue reading…]

Following a Temporary Restraining Order granted against Digital Altitude and owner Michael Force on January 29th, a preliminary injunction hearing was scheduled for February 15th.

On February 12th the FTC filed a joint Stipulation to a Continuance of the hearing, which was granted the same day. [Continue reading…]

Vital Card operate in the financial services MLM niche and appear to be based out of California.

Heading up the company are co-founders Chris Bridges (Chairman) and Vincent Bradley (CEO).

According to the Vital Card website, they are

a team of entrepreneurs, bankers, lawyers and creative tech individuals that share a common goal of launching a credit card where the community comes first.

We are results-driven innovators who have worked on successful products at companies including Google, Charles Schwab, PWC Goldman Sachs and Card.com.

Prior to co-founding Vital Card, Chris Bridges and Vincent Bradley separately and respectively launched Vessix (2013) and Flash Funders (2011).

Vessix has since closed but as per a company bio developed ‘technology for consolidating POS, CRM and reporting‘.

FlashFunders’ corporate bio meanwhile sounds pretty similar to that of Vital Card;

We’re a team of entrepreneurs, bankers, lawyers and creative tech individuals that shares a common goal of connecting investors and companies to make their visions a reality.

As far as I’m aware Vital Card is both Chris Bridges and Vincent Bradley’s first MLM venture.

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

Despite Questra World and Atlantic Global Asset Management attempting to portray themselves as Spanish companies with African ties, it was always obvious that someone from Russia or a neighboring country was pulling the strings.

Turns out I was right on the money, following the arrest of Pavel Krymov in Moscow on February 6th. [Continue reading…]

WCM777 was an MLM Ponzi scheme shut down by the SEC in March, 2014.

A Receivership was appointed immediately after and has been overseeing victim refunds from seized assets for just shy of four years.

In the Receiver’s February 13th Sixteenth and Final Interim Report, it has been announced the WCM777 Receivership is finally winding down. [Continue reading…]