Virtual Currency International Review: PS4 consoles = $1.3 mill ROI?
Virtual Currency International operate in the cryptocurrency MLM niche. The company is headed up by founders Eugen Rosenmeier and Vladimir Galabov.
Prior to founding Virtual Currency International, both Rosenmeier and Galabov were promoting cryptocurrency scams.
Up until mid last year, Eugen Rosenmeier (aka Eugen Krause) was promoting CryptoGold.
CryptoGold affiliates invested up to $3500 in positions. These positions paid a return, supposedly generated via cryptocurrency mining.
CryptoGold provides no evidence on its website of having registered its passive investment opportunity with a securities regulator.
Alexa traffic estimates for the CryptoGold website show a sharp decline throughout the second half of 2018.
The collapse of CryptoGold is what likely prompted the launch of Virtual Currency International in September, 2018.
Vladimir Galabov has promoted a number of MLM Ponzi schemes over the past few years.
Although 2018 was mostly quiet for Galabov until Virtual Currency International’s launch, past Ponzi schemes Galabov has promoted include Cryp Trade Capital, My Paying Crypto Ads, GainBitcoin, FortAdPays and GetProfitAdz.
In its marketing material, Virtual Currency International provides a PO Box corporate address for “Network Planet LTD” in Saint Vincent and the Grenadines.
The marketing material also states Virtual Currency International has “offices are in Sofia, Bulgaria”, but provides no further details.
Saint Vincent and the Grenadines is a known tax-haven. There is no reason for a legitimate company to be operating out of a PO Box there.
On their respective Facebook profiles, Eugen Rosenmeier and Vladimir Galabov state their respective locations as Hessen, Germany and Plovdiv, Bulgaria.
As opposed to Saint Vincent and the Grenadines, Virtual Currency International is very much being operated out of Europe.
Read on for a full review of the Virtual Currency International MLM opportunity. [Continue reading…]
Dish Network files for $5.9 million def judgment against Pshehalouk
Following an application for an entry of default on February 5th, Dish Network has filed for default judgment against Jim Ferras Pshehalouk. [Continue reading…]
Mark Scott wants to hide OneCoin evidence from grand jury
On February 8th Mark Scott was served a grand jury subpoena, requesting “a wide variety of documents” related to OneCoin.
Whatever evidence is in those documents, Mark Scott doesn’t want a grand jury seeing them. [Continue reading…]
Nui fined $25,000 for securities fraud in Texas
The state of Texas has slapped Nui with a $25,000 securities fraud fine.
The company has also agreed to cease offering unregistered securities to Texas residents. [Continue reading…]
Joseph Tran arrested in Sweden (Nano Club, Ormeus, EmGoldex)
According to local news reports, serial-scammer Joseph Tran has been arrested by Swedish authorities.
Tran’s arrest is believed to be in connection with his promotion and participation in a number of fraudulent MLM companies. [Continue reading…]
FBI seeking out BitConnect victims
Lost money in BitConnect? Want to get back at Glenn Arcaro, Craig Grant, Trevon James, Crypto Nick, Ryan Hildreth and the rest of the BitConnect gang?
Now’s your chance… [Continue reading…]
Scoville wants to take Traffic Monsoon appeal to the Supreme Court
Having been destroyed in two lower courts, Charles Scoville now wants to take his Traffic Monsoon Ponzi fight to the Supreme Court.
Yeah, not kidding. This is happening… [Continue reading…]
Trudy Gilmond receives securities ban from SEC
The SEC’s interest in pursuing Trudy Gilmond has come to an end, following acceptance of a tendered settlement offer. [Continue reading…]
LurraLife Review: O2 Worldwide rebooted with additional supplements
LurraLife launched last month and operates in the nutritional supplement MLM niche.
The company was founded by Dan Putnam and operates out of Utah in the US.
Last we heard Putnam was busy running Eyeline Trading. Although maybe he’s moved on, following Eyeline Trading’s collapse a few weeks ago.
Prior to Eyeline Trading last year, Putnam launched Modern Money Team in 2017.
Before he jumped on the MLM crypto fraud bandwagon, Putnam’s primary MLM gig was O2 Worldwide.
Today the O2 Worldwide website domains all redirect to LurraLife. LurraLife also markets O2 Worldwide’s flagship O2 Drops supplement, suggesting it’s a reboot of the company.
Read on for a full review of the LurraLife MLM opportunity. [Continue reading…]
Extended USFIA claim deadline results in low quality claims
Despite the best intentions behind extending the USFIA victim claim deadline, unfortunately it appears to have been mostly a waste of time and money.
In light of the extension, the USFIA Receiver reports he’s received “low quality claims” that will be “time-consuming” to sort through. [Continue reading…]
