Ryna Holdings provide no information on their website about who owns or runs the business.

The Ryna Holdings website domain (“ryna.holdings”) was privately registered on August 21st, 2017.

Provided on the Ryna Holdings website is a UK incorporation for Ryna Holdings Group Limited.

Ryna Holdings Group Limited was incorporated in the UK on October 2nd, 2017.

The address used to incorporate the company is a block of apartments in London.

Sonia Turkovic is listed as the sole Director of Ryna Holdings Group Limited, via the same London address.

No information outside of the Ryna Holdings Group Limited incorporation ties Turkovic to the company.

Whether Turkovic actually exists or not is unclear.

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…]

We’re still yet to see anything official from authorities, but in the meantime another BitConnect class-action suit has been filed in Florida. [Continue reading…]

Bit Cash Mine operate in the MLM cryptocurrency niche and are purportedly based out of Guadalajara, Mexico.

I say purportedly because, while an address in Guadaljara is provided on the Bit Cash Mine website, it doesn’t appear to be complete.

Cited as CEO of Bit Cash Mine on its website is Jhon Romero (full name: Jhon Jhaider Romero Montoya).

On his personal website Romero (right) bills himself as a “neuro emotional coach”.

According to his Facebook profile, Romero is based out of Pereira, Colombia. This appears to actually be where Bit Cash Mine is operated from as opposed to Mexico.

As far as I can tell, Bit Cash Mine is Romero’s first MLM venture.

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

Vortex Profits operate in the financial MLM niche.

The company claims to be headed up by CEO Griffin Wrights.

Other than generalities provided on the Vortex Profits website, there is no information available on Wrights.

This raises the question of whether he actually exists.

In an attempt to feign legitimacy, Vortex Profits provide an Irish incorporation number on their website.

The number corresponds with Vortex Profits Limited, which was incorporated on September 15th, 2017.

The address used to incorporate Vortex Profits Limited belongs to Company Formations International, who provide incorporation services for Ireland on their website.

Thus it appears Vortex Profits exists in Ireland in name only. And given this, it’s safe to assume “Griffin Wrights” is a work of fiction.

This is supported by the presence of badly photoshopped stock images used to represent Wrights and Vortex Profits’ purported office in Ireland:

Through ELA, the image above demonstrates the high probability of manipulation of stock photos to include Vortex Profits logo.

Griffin Wrights himself is represented by a generic looking old white guy in a suit image.

It is far more likely whoever is running Vortex Profits is based out of Africa.

Alexa currently estimate the top four sources of traffic to the Vortex Profits website are Botswana (21%), Tanzania (20%), Nigeria (10%) and Ghana (10%).

The Vortex Profits website domain (“vortexprofits.com”) was registered on August 8th, 2017.

Griffin Wrights is listed as the owner, through an address in Dublin, Ireland.

Further research reveals this address actually belongs to Company Formations International, who provide company formation services in Ireland.

In line with Griffin Wrights likely not existing, it seems Vortex Profits exists in Ireland in name only.

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…]

Cleber Rene Rizerio Rocha, better known as the TelexFree mattress money mule, was busted earlier this year trying to launder $20 million in stolen Ponzi funds.

Following a guilty plea in October, Rocha was scheduled to be sentenced on December 20th.

The sentencing was delayed, following Rocha’s comical attempt to credit himself with the recovery of the $19.2 million in stolen TelexFree investors funds he was caught with.

Following a rescheduled sentencing hearing that took place yesterday, Rocha was sentenced to 33 months in prison. [Continue reading…]

Following on from a FTC complaint filed under seal against Digital Altitude and Michael Force on January 29th, a requested Temporary Restraining Order was granted on February 1st. [Continue reading…]

If you’ve searched for an MLM company as part of your due-diligence, chances are you’ve come across a Digital Altitude spam blog.

The owners of these blogs shamelessly plagiarise MLM content from around the internet and present it as their own – combined with bait and switch advertising for Digital Altitude and related companies.

The worst offenders I’ve personally come across are Jesse Singh, Nicholas Pratt, Aaron & Shara Andrews, Rory Singh and likely a few other hacks I’m forgetting.

Plagiarizing content and bait and switch are scummy marketing practices that only a scummy MLM company would tolerate.

And Digital Altitude certainly fits the definition of a scummy company. BehindMLM reviewed Digital Altitude in 2016 and concluded it was nothing more than a chain-recruitment driven pyramid scheme.

Turns out the FTC agrees, following a complaint filed against Digital Altitude and creator Michael Force last month. [Continue reading…]

The CryptoX3 website identifies the company as a “private cryptocurrency crowdfunding & affiliate profit sharing project” of Unified Crypto Team.

Robert Q. Cash, who refers to himself as “the Crypto Cash King” is cited as the CEO of Unified Crypto Team.

Self-aggrandizement aside, Cash appears to be the owner of CryptoX3.

Robert Q. Cash’s actual name is Robert Matias.

According to his Facebook profile, Matias (right) is based out of California in the US.

MLM opportunities promoted on Matias’ Facebook page in 2018 so far include BitCoiin (pump and dump), Bit Cash Mine (Ponzi), Crypto World Evolution (unregistered securities), Vista Network (doubler Ponzi),  DavorCoin (ICO lending Ponzi), CryptoBitTrade (doubler Ponzi) and eCoin University (matrix recruitment).

Read on for a full review of the CryptoX3 MLM opportunity. [Continue reading…]

Transforming Lives BTC Matrix provide no information on their website about who owns or runs the business.

The Transforming Lives BTC Matrix website domain (“transforminglivesbtcmatrix.biz”) was privately registered on January 23rd, 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…]

Widely touted as a reload ICO lending Ponzi after BitConnect collapsed, DavorCoin has now also collapsed.

As per a corporate update published on Medium, DavorCoin’s anonymous owners advised they were “end(ing) our lending program”. [Continue reading…]