Swiss Mine launched about a year ago as a OneCoin Ponzi points clone.

Swiss Mine affiliates invested in pre-generated Ducatus points, which were marketed as a bitcoin alternative.

As a hard fork of bitcoin Ducatus will work in a very similar way to Bitcoin.

Ducatus will use an almost identical set of rules and we will run our own software on e-wallets to establish, build, maintain and manage its own decentralised blockchain.

For no evident reason, recently Swiss Coin decided to rebrand itself as Ducatus Network.

Visitors to the former Swiss Coin website are advised;

As part of our rebranding efforts, the landing page for  swissmine has now changed to ducatus.

We will continue to use swissmine backoffice to login to your dashboard.

The Ducatus Management

Unfortunately despite offering pre-generated Ducatus points to affiliates for roughly a year, Ducatus is still nothing more than internal points generated via a script. [Continue reading…]

Munafa Network Marketing launched in 2017 and operated with one of the more bizarre MLM business models I’ve seen.

For an investment of Rs. 25,000 PKR ($225 USD), Munafa Network Marketing affiliates were promised delivery of a motorbike within 45 days.

After initially managing to distribute some 20,000 motorbikes, eventually the business collapsed.

This prompted an investigation by three separate government agencies, eventually leading to the arrest Muhammad Ahmad Sayal, owner of the company. [Continue reading…]

Trevon James is one of the top US BitConnect investors.

Along with most of the other top US BitConnect investors, James primarily promoted BitConnect through a YouTube channel.

At the time of publication James’ channel boasts 137,000 subscribers.

Not surprisingly, following BitConnect’s collapse shills like James have been copping a lot of flak.

[5:04] I’m getting blasted, you know what I’m saying? Because of other people’s decisions.

There are countless investor stories collectively details millions of dollars on losses (you can read these yourself on Reddit and YouTube).

Rather than acknowledge they made a ton of money recruiting people into a Ponzi scheme, top YouTube promoters are adamant they had no role in their subscriber’s losses.

[5:11] I never told anyone to do anything. I never told you guys to do anything.

I just said… now I might have broadcasted it and said, “Hey look, look what I’m doing”, but I never told anyone what to do with their money.

Hell, Trevon James doesn’t even acknowledge BitConnect is a Ponzi scheme… [Continue reading…]

20K BTC provide no information on their website about who owns or runs the business.

The 20K BTC website domain (“20kbtc.com”) was privately registered on November 4th, 2017.

Further research reveals marketing material citing Richard D Raymond named as the owner of 20K BTC.

Now here’s where things get strange. Real strange.

A visit to the Texas State Bar confirms Richard Raymond is a practicing attorney.

PRACTICE INFORMATION
Firm: Richard Raymond, Attorney at Law

Firm Size: Solo

Occupation: Private Law Practice

Practice Areas: Business, Consumer, Litigation: Personal Injury, Real Estate, Taxation, Wills-Trusts-Probate

In 2009 Raymond was even campaigning to be the next Fort Country District Attorney.

So we appear to have a bona fide lawyer running an MLM bitcoin opportunity. This should be good.

Read on for a full review of the 20K BTC MLM opportunity. [Continue reading…]

The Norwegian Gaming Board’s initial 2013 investigation into Lyoness concluded that, while there was evidence of a pyramid scheme, the company appeared to have remedied concerns by rebranding as Lyconet.

With a similar enough business model, complaints from the public detailing losses continued to pour in.

That prompted the Gaming Board to open a second investigation into Lyoness, the result of which was finalized on January 11th. [Continue reading…]

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

The FineCoin website domain (“finecoin.io”) was privately registered on December 9th, 2017.

FineCoin claims to be “the first and safest European lending platform”, however the USD is used as a currency throughout the FineCoin website.

The reality is FineCoin could be run by anyone from anywhere.

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…]

Glenn Arcaro is known primarily throughout the BitConnect investor community as the top US BitConnect investor.

CryptoNick was a successful BitConnect investor, who primarily promoted the Ponzi scheme through his YouTube channel.

In videos that have since been deleted, CryptoNick boasted of earning hundreds of thousands of dollars in BitConnect referral fees. That’s on top of whatever he made in ROI payments from the platform itself.

In the wake of BitConnect’s collapse, Badisse David Mehmet has offered a $1000 bounty on both Glenn Arcaro’s and CryptoNick’s whereabouts. [Continue reading…]

Bulgarian authorities seemingly doing nothing while OneCoin operated a multi-million dollar Ponzi scheme has been a running joke.

Now, working in cooperation with Eurojust and Interpol, the Specialized Prosecutors Office raided OneCoin’s Sofia offices over January 17th and 18th. [Continue reading…]

Synterium operate in the cryptocurrency MLM niche. Through E-Trade Hub the company claims to be based out of Poland and primarily marketed marketed across Europe.

A timeline on the Synerium website ties Synterium to Central Marketing Limited, a Hong Kong company purportedly incorporated in early 2014.

E-Trade Hub was founded in Poland in mid 2016, with a partnership between the two companies allegedly formed in mid 2017.

In September, 2017 Synterium was announced.

No information about the corporate structure of E-Trade Hub or Central Marketing Limited is provided.

Synterium identify Valerius Popel as CEO of the company.

Other than identifying him as a Polish businessman and sociologist, Synterium provide no further information on Valerius Popel.

I found no information on Popel myself, other than a few marketing websites referencing his Synterium CEO position. I’m flagging this as highly suspicious.

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…]

Neo Mining & Technologies provide no information on their website about who owns or runs the business.

In fact at the time of publication, the Neo Mining & Technologies website is nothing more than an affiliate login page:

The Neo Mining & Technologies website domain (“neominetech.com”) was registered on September 23rd, 2017.

Jesus Osuna is listed as the owner, with an address in the US state of California also provided.

Further research reveals Neo Mining & Technologies marketing videos credited Jesus Osuna (right) as CEO of the company.

Osuna began promoting Neo Mining & Technologies in mid 2017, around the same time he began talking about cryptocurrency on his social media profiles.

In 2015 Osuna co-founded Uvodi, a fitness-based income opportunity.

As of today Uvodi is still in business (website is up), however the MLM opportunity appears to have been discontinued.

I wasn’t able to 100% confirm if it’s the same guy, but it’s worth noting that in 2014 a Jesus Osuna of California was named as a top-earner in the TelexFree Ponzi scheme.

Whether Osuna (right) paid back the $1.4 million he reportedly stole from TelexFree victims is unclear.

Read on for a full review of the Neo Mining & Technologies MLM opportunity. [Continue reading…]