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

The BitSolid website domain (“bitsolid.io”) was privately registered on September 5th, 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…]

BusinessForHome’s first article on OneCoin was published on April 1st, 2015.

Not a joke by any stretch of the imagination, in it Ted Nuyten reported on OneCoin’s purchase of the Conligus affiliate-base.

This paved the way for victims who lost money in the original Conligus penny auction pyramid scheme to be double-scammed.

Rather than report on this disturbing development, Ted Nuyten simply parroted Aron Steinkeller’s take and referred to it as a “strategic alliance”.

After making millions off of recruitment of new victims into OneCoin over the next two years, Steinkeller and his brothers walked away from a reported $2.5 million a month income in May, 2017.

As for BusinessForHome, April 1st, 2015, marked a downward spiral in editorial oversight. Ted Nuyten, owner of the once-respected publication, would later justify this by claiming it was “impossible to answer” whether “OneCoin is legit or not”. [Continue reading…]

Now replaced mostly by mythical “crypto trading” schemes, a few years ago MLM forex trading scams were all the rage.

A number of the schemes originated out of Malaysia and surrounding countries, although most operated through shell companies incorporated in New Zealand, Australia and various Pacific island nations.

One such scam was Maxim Trader, which promised affiliates a monthly ROI of up to 8% on $5000 to $10,000 investments.

Maxim Trader affiliates were of course also paid to recruit new investors through an MLM compensation plan. [Continue reading…]

Following mounting controversy surrounding Guam Senator Tommy Morrison’s involvement in the USI-Tech Ponzi scheme, the Attorney General of Guam has issued an investor warning. [Continue reading…]

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

The LipCoin website domain (“lipcoin.io”) was privately registered on November 10th, 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…]

As US authorities close in on the BitConnect Ponzi scheme, it appears the top US BitConnect affiliate investor has gone into hiding. [Continue reading…]

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

The Onn Fleek website domain (“onnfleek.com”) was privately registered on October 4th, 2017.

Onn Fleek represent they are being operated from Argentina, however the corporate address provided is shared office space belonging to WeWork.

There is no evidence suggesting Onn Fleek has a physical presence or actual  business operations in Argentina.

That said it is highly likely that Onn Fleek is being operated out of South America.

Offered languages on the Onn Fleek website include English, Portuguese (Brazil) and Spanish.

Most of the available marketing for Onn Fleek is in Portuguese and targets Brazil.

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…]

A few days ago the website “USI-Tech Legal Claims” popped up.

The stated purpose of the site is to “address legal harms caused by USI-Tech in the U.S. & Canada”.

This site and the related services were created on the eve of USI-Techs sudden, total, and harmful withdrawal from the U.S. and Canada–by attorneys, a U.S. law firm, and cryptocurrency and block-chain professionals and experts, whose families and friends were heavily involved with and invested in USI-Tech.

We are INTIMATELY and PERSONALLY aware of the struggles, difficulties, and harms you are facing.

Visitors to the USI-Tech Legal Claims website are encouraged to provide personal information and financial disclosures related to their involvement in USI-Tech.

No information about who is behind the website is provided. [Continue reading…]

In politics a good test of leadership might be how a politician reacts in a crisis.

With Guam residents potentially facing hundreds of thousands of dollars in losses, Senator Tommy Morrison has all but hung them out to dry. [Continue reading…]

Tudor Games provide no information about who owns or runs the company on their website.

Speaking only in generalities, Tudor Games claims it’s

a large investment developer company, founded in london … (and) has been conducting its work since 2013.

A UK incorporate certificate for Tudor Games LTD is provided, however this company was incorporated on April 5th, 2017.

A few weeks later the Tudor Games website domain (“tudor-games.org”), was privately registered on April 22nd, 2017.

There is no evidence to suggest that Tudor Games existed prior to April, 2017.

According to Google Maps, the London address used to incorporate Tudor Games LTD was a large construction site as of September, 2017. Prior to that it was the address of a Sainsbury’s supermarket.

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

Unless Tudor Games are operating from a pile of rubble, the company is not physically present at the address cited in Tudor Games LTD incorporation documents.

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…]