In the wake of US regulators cracking down on USI-Tech, the company has scrambled to contain fallout from disgruntled investors.

A big part of that has been silence on the part of USI-Tech management, who all but went into hiding after Texas issued a cease and desist last month.

Following the suspension of US and Canadian affiliate withdrawals, USI-Tech co-founder Horst Jicha has signaled an intention to defy US regulators and resume business operations. [Continue reading…]

Privilege Car Club launched in the UK  back in August, 2017.

Two corporate addresses in the UK (office/registered) are provided on the Privilege Car Club website.

Andy Wall (right) is identified as Privilege Car Club’s CEO and Founder.

Up until April, 2017, Wall was promoting Market America.

Recently Privilege Car Club has announced plans to expand into the US.

The difference between the US and UK model is solely the currency used (USD vs GBP).

For the purpose of this review I’ve adopted Privilege Car Club’s US business model pricing.

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

Plan-C provide no information about who owns or runs the business.

The Plan-C website domain (“plan-c.one”) was privately registered on June 21st, 2017.

On the Plan-C website the company claims to have ” technicians, accountants and security staff” working for it in Tbilisi, Georgia.

We examined all European countries regarding costs of electricity and living.

We found Georgia to be the best place for its affordable electricity costs while having a stable political situation.

Update 31st January 2018 – A document on the Plan-C website, purportedly from the Ministry of Justice of Georgia, states that Plan-C has been incorporated in Georgia on June 26th, 2017.

Giorgi Bejuashvili is listed as the sole Director of the company.

I wasn’t able to find anything connecting Bejuashvili outside of the registry extract, so treat the above information as suspect. /end update

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…]

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

The ThornCoin website domain (“thorncoin.com”) was privately registered on December 21st, 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…]

Piggy Bank provide no information on their website about who owns or runs the business.

The Piggy Bank website domain (“piggy-bank.io”) was privately registered on June 2nd, 2017.

Despite this, Piggy Bank claim its “history … goes back to the year 2000”.

Alexa traffic estimates reveal Piggy Bank in its current incarnation launched a few weeks ago in early January.

A UK incorporation corresponding to “Piggy B. Limited” is provided on the Piggy Bank website.

Piggy B. Limited was incorporated through a residential address in London on June 6th, a few days after the Piggy Bank website domain was registered.

Bruce Whatley is listed as the sole Director of the company and presumed not to exist.

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…]

When exactly OneCoin began to run out of money is unclear.

By January, 2017, however, affiliate withdrawals exceeded new investment such that the internal exchange had to be shut down.

Despite promises of an exploding coin value for over two years, effective January, 2017, OneCoin severed affiliates from their invested funds.

Over 2017 OneCoin continued to solicit new investment, however without ROI withdrawals the business tanked.

By the end of 2017 OneCoin had all but collapsed, with only a handful of extremely desperate affiliates left to toe the company line.

Minus recruitment commissions, which were paid out directly, it is believed the majority of funds invested into OneCoin primarily benefited owner Ruja Ignatova and her family.

In addition to a $20 million dollar property empire and $15 million dollar yacht, Ignatova is now building a new $2.5 million dollar coastal mansion. [Continue reading…]

Hedge Connect provide no information on their website about who owns or runs the business.

The Hedge Connect website domain (“hedgeconnect.co”) was privately registered on November 29th, 2017.

In the Hedge Connect whitepaper, the company claims its “development is in southeast Asia”.

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…]

R2B Coin claim to be “processed and managed” by Williams Corporation Limited, a company purportedly based out of Hong Kong.

Other than stating Williams Corporation is “a licensed global firm which operates as a service provider”, no further information about the company is provided.

Two executives are featured on the R2B Coin website, David Wu (Asian Marketing Director) and Eddie Lo (Business Director).

Wu’s corporate bio states he’s an American citizen originally from Taiwan.

He holds a real estate license in the state of California and has experience building and selling million dollar homes in Palo Alto, California. He also has experience working in California hospitals as an Emergency Room Technician.

When he returned to Taiwan from the US in 2008, he helped coach Taiwan’s Olympic swim team.

He has owned restaurants in Las Vegas, Nevada, Los Angeles, California and, most recently, in Taipei, Taiwan.

Mr. Wu speaks five languages fluently and he has been engaged in network marketing for over 30 years, primarily in Taiwan and in China.

No details about Wu’s purported thirty-year history in network marketing are provided.

Read on for a full review of the R2B Coin MLM opportunity. [Continue reading…]

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

The AreszCoin website domain (“areszcoin.com”) was registered on November 13th, 2017. Hong Kong is listed as the registrant country but other than that the registration details appear to be bogus.

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…]

Traffic Monsoon’s injunction appeal appears to have hit a roadblock.

The issue at hand is the role of the Receivership and to what extent the Receiver can represent Traffic Monsoon in the appeals process. [Continue reading…]