Activz Review: Cure-all for cancer, leukemia, arthritis and diabetes?
Despite having an “Our Team” section on their website, Activz only provides a photo of their management.
Further research reveals David Brown crediting himself as Chairman and CEO of Activz on his LinkedIn profile.
Brown (right) is also one of the executives featured in the “Our Team” Activz website photo.
As per Brown’s LinkedIn profile, he has MLM executive experience dating back to 1996.
- President, Natural Balance (1996 – 2000)
- President/CEO, Metabolife International (2000 – 2003)
- President/CEO, LifeVantage (2008 – 2013)
- CEO, Yevo (2014 – 2016)
Brown’s last company, Yevo, launched in 2014 with the aim of marketing dehydrated meals.
In 2016 Yevo shut down due to a “lack of success”. Activz launched in May, 2017.
Read on for a full review of the Activz MLM opportunity. [Continue reading…]
Lyoness reveals only 21% of Cashback World cards used in 2017
One of the common rebuttals we see to Lyoness’ Ponzi scheme is the cashback side of the business.
Originally offered through Lyoness itself, the cashback scheme was rebranded as CashBack World last year.
Following the Gaming Board’s decision to ban and then uphold Lyoness’ ban in Norway, the company has filed a second appeal.
In their second appeal, Lyoness reveals some interesting statistics regarding Cashback World card adoption and use. [Continue reading…]
Charles Scoville enters Traffic Monsoon settlement negotiations
After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC. [Continue reading…]
DasCoin announces fourth public exchange, fails to gain traction
Despite listing itself on four cryptocurrency exchanges you’ve never heard of, Net Leader’s DasCoin has failed to gain any traction through public trading.
Not surprising when you consider DasCoin exists solely as an investment vehicle for duped Net Leaders affiliates. [Continue reading…]
Redwood Scientific Technologies fail to communicate with FTC
Last we checked in, Redwood Scientific Technologies was facing fines of $5000 a day for non-compliance with an FTC investigation.
Redwood Scientific Technologies is the parent company of the now defunct RengaLife MLM opportunity.
On July 13th the FTC filed a Status Report regarding a database Redwood provided in June.
The FTC allege information crucial to their investigation has been omitted from the database. [Continue reading…]
Xpirient Review: Travel niche recruitment with pseudo compliance retail
Xpirient provide no information on their website about who owns or runs the business.
The Xpirient website domain (“xpirient.com”) was privately registered on September 12th, 2017.
Further research reveals affiliates naming Chris Kent as owner of Xpirient.
On his personal Facebook profile, Kent (right) cites himself as founder of the company.
Why this information is not disclosed on the Xpirient website is unclear.
Prior to founding Xpirient, Kent was an International Marketing Director with WorldVentures.
A residential address in Florida is provided on the Xpirient website.
Furthermore the Xpirient Terms and Conditions names Hillsborough County, Florida as the chosen venue for arbitration.
Read on for a full review of the Xpirient MLM opportunity. [Continue reading…]
Argyll Technologies Ponzi under criminal investigation in Taiwan
Following non-payment to investors, Taiwan’s Ministry of Justice have opened a criminal investigation into Argyll Technologies. [Continue reading…]
Nui Review: Cryptocurrency token investment with pseudo-compliance
Nui has its origins in Divvee, a failed “access to discounts” MLM opportunity that launched in mid 2016.
When Divvee’s original model failed, the company rebooted as a mobile app promotion platform.
That also failed, prompting Divvee’s descent into unregistered securities.
In late 2017 Divvee merged with Hodo Global. The merger created Nui, which focused on cryptocurrency related unregistered securities.
On July 11th the Texas Securities Board issued Nui and associated companies with a securities fraud cease and desist.
Nui has vowed to challenge the notice, however at the time of publication that’s still playing out.
In the meantime Nui has “restructured” and is heavily pushing pseudo-compliance.
Today we publish an updated Nui review and see where the company is at. [Continue reading…]
Santiago De La Rosa settles with SEC and TelexFree Trustee
Following denial of his motion to dismiss, Santiago De La Rosa entered settlement negotiations with the SEC and TelexFree Trustee.
Those negotiations lead to a proposed settlement, which was approved by the court on July 31st. [Continue reading…]
iMarketsLive “scammers” warning issued by FCA
As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%).
This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning. [Continue reading…]
