A Fourteenth Status Report has been filed by the Zhunrize Receiver, revealing that the victim claim process will wrap up this quarter. [Continue reading…]

The PosMiners website provides no information about who owns or runs the company.

The PosMiners website domain (“posminers.com”) was privately registered on December 10th, 2017.

At the time of publication Alexa estimate that Armenia makes up 51% of traffic to the PosMiners website. This suggests that whoever is running PosMiners is probably based out of Armenia itself.

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…]

The Holiday Coin Club is anti-consumer and does nothing to encourage retail sales.

Visitors to the website are informed they require “exclusive access” to the Holiday Coin Club website, through an affiliate referral link.

A “company information” link is present at the bottom of the website, however this redirects to a new page where only a shell company address in the Marshall Islands is provided.

The Marshall Islands is a known tax-haven and not somewhere you’d expect a reputable MLM company to provide a corporate address in.

The Holiday Coin Club website domain (“holidaycoinclub.com”) was first registered in 2017.

The domain registration was last updated on April 24th, 2018, which might be when the current owner(s) took possession of it.

Unfortunately the Holiday Coin Club domain registration is private and provides no information about who owns or runs the company.

It’s worth noting that the Holiday Coin Club compensation plan is presented in euros, strongly suggesting that whoever is running the company is based out of Europe.

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…]

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

The Monetriza website domain (“monetriza.com”) was privately registered on October 12th, 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…]

2 Dollar Matrix provides no information on their website about who owns or runs the business.

The 2 Dollar Matrix website domain (“2dollarmatrix.com”) was privately registered on July 18th, 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…]

Following on from yesterday’s coverage of the class-action Herbalife “Circle of Success” lawsuit, a ruling has been made on filed arbitration and change of venue motions. [Continue reading…]

Y’know all those OneCoin points y’all been investing in since 2014 on that non-existent blockchain?

Yeah… forget about them. Over the next year OneCoin wants you to invest even more money in a to be launched OFC ERC20 token. [Continue reading…]

A group of Herbalife distributors have filed a class-action complaint.

What makes this case interesting is it targets the company’s “Cycle of Success” events, which the class plaintiffs allege has resulted in over a billion dollars in Distributor losses. [Continue reading…]

A bail application has surfaced, suggesting LEO President and CEO Dan Andersson may have been arrested in Pakistan.

The writ petition in question was filed on July 11th by Dan Gunnar Bjarne Andersson.

A hearing was held on August 13th and the case has been adjourned until August 27th, with no further specific details provided. [Continue reading…]

At the time of publication Finish Line Network doesn’t appear to exist outside of an email capture page.

Finish Line Network affiliates are redirecting recruits to “lockinyourprofits.com”, a domain privately registered on May 14th, 2018.

Visitors to the Lock In Your Profits domain are presented with a standard “hand over your details for more info” capture page.

Upon signing up, a confirmation email from “team(at)finishlinenetwork.com” is received:

At the time of publication the “finishlinenetwork.com” domain redirects to Traffic Authority.

BehindMLM reviewed Traffic Authority in 2015.

Owned by Greg Chambers, Doug Wellens and Chad Stalvey, Traffic Authority was a reboot of the collapsed Infinite Leverage System pyramid scheme.

Alexa traffic estimates for the Traffic Authority website show a flatline for most of 2017. There was a spike around late April this year, followed by another decline.

Finish Line Network appears to be yet another reboot of the Traffic Authority business.

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