Nui CEO Darren Olayan claims securities regulation doesn’t exist
Nui CEO Darren Olayan has taken to Facebook to claim the securities regulations behind a recently served cease and desist don’t exist.
Texas issued Olayan, Nui, Mintage Mining and Symatri with a securities fraud cease and desist on July 11th.
At a corporate level Nui has vowed to “vigorously defend” Texas’ alleged securities fraud violations, although what that specifically entails remains unclear.
Olayan’s bizarre regulation claim meanwhile was made in a Facebook video published a few hours ago. [Continue reading…]
Michael Force “uncooperative”, unpaid attorneys want out ($90,000+)
The client relationship between Michael Force and his attorneys has reached breaking point, with all three requesting permission to withdraw from the case. [Continue reading…]
Nui and Mintage Mining to “vigorously defend” securities cease & desist
Although we’d caught wind of it a day before, yesterday Nui published it’s official response to the Texas cease and desist.
Following months of assurances that Nui, Mintage Mining, Symatri and the Kala altcoin had been signed off on by “top law firms in the US”, Texas issued the company with a securities fraud cease earlier this week on Wednesday. [Continue reading…]
Eyeline Trading seek to avoid regulation through unbranded advertising
With Eyeline Trading shaping up as the next USI-Tech, owner and CEO Dan Putnam is doing everything he can to prolong a US regulatory investigation.
The latest has seen Eyeline Trading demand affiliate investors remove any reference to the company in their marketing efforts. [Continue reading…]
DagCoin mimics OneCoin’s OneLife with “Success Factory”
Further cementing DagCoin as a clone of the OneCoin Ponzi scheme, comes the introduction of Success Factory.
Success Factory was announced back in March at a Dubai DagCoin rahrah gig for top investors.
Here’s how the spin-off is marketed on the official Success Factory website: [Continue reading…]
Amazing Living offer affiliates Xalles Holdings shares. Um, why?
A few months ago we covered Amazing Living’s apparent unregistered securities offering.
So the offer went, a prepaid debit card was to be distributed to Amazing Living affiliates. Through use of the card, stock in an undisclosed company would be awarded.
The name of the company stock was to be issued from was not disclosed. And since the late April announcement, details of Amazing Living’s debit card stock offering have since been wiped from the internet.
Now the company is back with a new stock offering, tweaked and this time with a little more disclosure. [Continue reading…]
YouTube added to defendants in BitConnect fraud class-action
A third amended complaint has seen YouTube added as a defendant in the ongoing BitConnect fraud class-action. [Continue reading…]
Nui & Mintage Mining securities fraud cease and desist in Texas
Despite reassurances by Nui that their Kala altcoin and Mintage Mining have “stability and protection with the SEC“, a US securities regulator has issued the company with a cease and desist. [Continue reading…]
Aegea Review: Quantum technology energy holograms (seriously)
Aegea claim to operate in the health and wellness MLM niche.
The company doesn’t provide a fixed place of business on its website, instead opting to only provide a virtual office address in the US state of Georgia.
Heading up Aegea are co-founders John Prosser (Chairman Of The Board) and Jeff Cohen (“Executive”).
John Prosser’s Aegea corporate bio cites him as a
prolific humanitarian, social change architect and trusted supporter of national medical issues.
Although Prosser is credited with “30 years of entrepreneurial effort”, I was unable to put together an MLM history on him.
After stints at CBS, NBC, Turner Broadcasting, Kellogg’s and Coca-Cola, Jeff Cohen signed on as Chief Marketing Officer for MonaVie in 2011.
MonaVie collapsed in mid 2014 and was acquired by Jeunesse in 2015.
Read on for a full review of the Aegea MLM opportunity. [Continue reading…]
Revital U Review: Coffee & caffeine capsules with strong retail focus
Revital U provide no information on their website about who owns or runs the business.
The Revital U website domain (“revitalu.com”) was registered on July 15th, 2016.
Pat Johnston is listed as the owner, through an address in the US state of Texas.
On his LinkedIn profile, Johnston cites himself as President of Revital U.
Further research on LinkedIn reveals Andrew McWilliams citing himself as CEO of the company since late 2016.
On Twitter McWilliams (right) confirms he is also the owner of the company.
Williams appears on Revital U’s social media profiles, so why executive information isn’t disclosed on the Revital U website is unclear.
McWilliams first appeared on BehindMLM in 2016, as CEO of Momentis.
Prior to launching Momentis McWilliams was an affiliate with ACN and LuxuriLife, a purported $3500 a pop recruitment scheme.
Since our 2016 review, Momentis appears to have collapsed. Today attempts to visit the former company website returns a hosting error.
Read on for a full review of the Revital U MLM opportunity. [Continue reading…]
