Seven Stars Group provides no (accurate) information on their website about who owns or runs the company.

The Seven Stars Group website domain (“sevenstars.group”) was privately registered on June 15th, 2018.

Despite existing for barely a few months, Seven Stars Group claims it was “founded in 2010” by Mario Rossi, a fictional “American forex trader”.

In an attempt to feign legitimacy, a UK incorporation certificate for “Seven Stars Group LTD” is provided.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

It instead far more likely Seven Stars Group is being operated from Russia.

Supporting this are Russian language blog posts and social media updates, the presence of a corporate vK social media profile and Alexa citing Russia as the largest source of traffic to the Seven Stars Group website (33%).

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…]

Despite surfacing roughly nine months ago, Noble 8 Revolution has still failed to pay commissions.

The company does however continue to collect monthly fees, with excuse after excuse trotted out for commission delays.

Now it has emerged co-founder Blaine Williams has been diagnosed with stage 3 cancer. [Continue reading…]

Following on from a Temporary Restraining Order and contempt charge, WorldVentures has been granted a permanent injunction against David Wood. [Continue reading…]

When OneCoin announced its OFC ICO last week, twelve public exchanges were initially featured on the ICO website.

OneCoin claimed it was “contacting” the featured exchanged regarding public listing of their OFC ERC20 token.

Without explanation, OneCoin slashed the featured exchange number to just six within a few days.

Now, of the remaining six exchanges that were listed, one has publicly confirmed it has no plans to list OneCoin’s OFC “Ponzi coin”. [Continue reading…]

AuLives provides no information about who owns or runs the company on its website.

The AuLives website domain (“aulives.com”) was privately registered on May 29th, 2018.

An address in Dubai is provided on the AuLives website. Multiple businesses operate out of the same address however, suggesting the address actually belongs to a virtual office provider.

AuLives has an official corporate YouTube channel, on which there are several marketing videos.

These videos reveal the co-founders of AuLives to be Parwiz Daud and Mansour Tawafi.

Up until very recently, Daud and Tawafi were prominent promoters of the OneCoin Ponzi scheme.

On December 4th, 2017, Ted Nuyten’s Business For Home celebrated Daud and Tawafi stealing approximately $400,000 a month from OneCoin victims.

OneCoin’s ROI payments collapsed in early 2017 but the company continued to pay pyramid commissions on recruitment.

With the company no longer honoring ROI withdrawal requests however, OneCoin affiliate recruitment also collapsed.

With their OneCoin earnings likely plummeting, now it seems Daud and Tawafi want to run their own MLM cryptocurrency company.

Update 28th August 2018 – Testament to their lack of MLM executive experience, in a YouTube video dated August 25th, Daud and Tawafi revealed Frank Ricketts as CEO of AuLives.

Rickett’s MLM claim to fame is Unaico and SiteTalk, a combination of investment and pyramid fraud. When those scams collapsed, Ricketts rebooted the business as as The Opportunity Network.

In early 2016 Ricketts sold off The Opportunity Network’s list of investors to OneCoin.

In addition to an undisclosed sum of money, Ricketts was also gifted a OneCoin Black Diamond investment position.

Behind the scenes Ricketts is believed to have been instrumental in setting up OneCoin’s shell company money laundering network.

Publicly Ricketts tended only to make appearances when OneCoin teetered on collapse.

Without any pomp or ceremony, sometime over the last eight months Ricketts quietly left OneCoin. /end update

Daud and Tawafi reside in the UK, where they primarily promoted OneCoin to the local Muslim community.

It stands to reason that as opposed to Dubai, the UK is where AuLives is actually being operated from.

Why none of this is disclosed on the AuLives website is unclear.

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

Huiqin Xiong signed up as a Jeunesse distributor in August, 2015.

Xiong, who goes by the name “Helen”, claims to have lost “approximately $10,000” trying to work her Jeunesse business.

On August 10th Xiong filed a class-action lawsuit against Jeunesse in California. [Continue reading…]

Thought the USI-Tech Ponzi scheme had completely collapsed?

Yeah, not quite.

USI-Tech had initially planned to exit-scam through the TechCoin ICO.

Y’know, the usual stuff: Promise the shitcoin will moon, get it listed on some shady exchanges and then convert unpayable Ponzi ROI balances to TechCoin and do a runner.

Fortunately USI-Tech’s plans were interrupted by pesky US regulators. Nevertheless they did manage to launch TechCoin and keep a few investors strung along.

Unfortunately adoption of TechCoin isn’t where USI-Tech wants it to be just yet. [Continue reading…]

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…]