Cloud mining company Genesis Mining found itself the recipient of a securities fraud cease and desist, as part of South Carolina’s crackdown on Swiss Gold Global.

Despite indicating they wouldn’t be challenging the notice, information was nonetheless submitted to the South Carolina Securities Division.

Based on this information, Genesis Mining’s cease and desist has been dismissed. [Continue reading…]

Having successfully overturned an ex parte TRO, defendants MaVie and Ariix have survived WorldVentures’ motion for a preliminary injunction. [Continue reading…]

Insight into how OneCoin seemingly manage to keep one step ahead of authorities has surfaced, courtesy of a District Court judgment in Germany.

The case involved a government tax official facing allegations he tipped off a friend about a money laundering investigation. [Continue reading…]

Multi-Buy World surfaced in early 2017 and are fast approaching the two-year period in which most online Ponzi schemes collapse.

The business appears to be winding down on schedule, following the company’s claim its bank accounts have been terminated. [Continue reading…]

CGI Limited surfaced earlier this year as new entry into the MLM cryptocurrency niche.

Combining unregistered securities with cryptocurrency gambling through Coinsinos, CGI Limited planned to operate via its betchips altcoin.

Since our February 2018 CGI Limited review, the company has rebranded itself as CGI Global.

Coinsinos appears to have been abandoned, with CGI Global touting millions through something called “Magellan International Alliances, Corp.” [Continue reading…]

A District Court in the Ostrobothnia region of Finland has approved the seizure of €179,000 EUR.

The order was made against a Finnish OneCoin affiliate, who is a suspect in a criminal case related to tax fraud. [Continue reading…]

As WorldVentures continues to pursue litigation in an attempt to stop those who leave from earning elsewhere, unpaid commissions has emerged as the primary reason for affiliate departures.

The latest development is the disturbing revelation that WorldVentures has “no timeframe” for unpaid commissions. [Continue reading…]

Triple Penny Crypto provide no information on their website about who owns or runs the business.

The Triple Penny Crypto website domain (“triplepennycrypto.com”) was privately registered on January 25th, 2018.

Despite its website domain only having been registered 6 months ago, Triple Penny Crypto claims to have been in business since 2010.

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…]

As I write this the Quaestor Solutions website is returning a database error.

Perusal of Google’s cache of the website reveals the website appears to still be under development.

The Quaestor Solutions website domain (“quaestor-solutions.com”) was privately registered on April 16th, 2018.

Further research reveals an official Quaestor Solutions webinar hosted by Keld Mathiesen. Mathiesen credits himself as Quaestor Solutions’ “Founding Master Distributor”.

In the webinar, Mathiesen cites Svend Rasmussen (right) as owner of the company.

Prior to launching Quaestor Solutions, Rasmussen was promoting IZEcoin through an affiliate opportunity called “20 Again”.

Here’s how Rasmussen pitched 20 Again on Twitter:

IZEcoin was a pointless altcoin launch that by all appearances has since flopped.

Going farther back, in 2015 Rasmussen was promoting the collapsed Global Currency Coin opportunity.

Both Keld Mathiesen and Svend Rasmussen are based out Denmark.

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

DGold cite three Directors on their company website; Miroslav Kiš (General Director), Nikola Aleksić (Executive Director) and Dragan Davidovac (Director of Marketing).

No information about any of DGold’s Directors is provided.

The DGold website domain (“dgoldcurrency.com”) was registered on February 19th, 2018.

“Sungazing Organization” (Sungejzing Organization) is listed as the owner, through an incomplete address in Vojvodina, Serbia.

The DGold website credits Kiš (right) as President of the Sungazing Organization.

Sungazing Organization appears to be some cult in Serbia that believes humans can live on solar energy alone.

Here’s some footage from Serbian TV in which Kiš explains what Sungazing Organization is all about:

All three of DGold’s Directors appear to be based out of Serbia, which is also the primary source of traffic to the company’s website (27%, Alexa).

On their website DGold claims it was

made by top experts and supported by over 1700 co-founders around the world.

Behind it standing many unprofitable freelance, anti-globalization organizations, with over 200 academics, scientists and researchers from Serbia, from whole Balkan, partly of Western Europe, America, Russia, the United Emirates, China, Japan, India and the rest of the world.

No evidence for any of these claims is provided.

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