A third amended complaint has seen YouTube added as a defendant in the ongoing BitConnect fraud class-action. [Continue reading…]

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 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 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…]

Six SingliWorld scammers have been arrested in Singapore, including Founder Leong Koon Wah (aka Hermes Leong).

Wah, along with five of his associates, faced court on Wednesday on charges related to illegal operation of a pyramid scheme. [Continue reading…]

For his part in scamming consumers through MOBE, the FTC named Russell Whitney as a defendant in their fraudulent business lawsuit.

Rather than defend the FTC’s allegations and clear his name, Whitney has instead opted to reach a settlement. [Continue reading…]

As expected, rather than fight the FTC’s allegation that MOBE was a $125 million dollar fraudulent business, owner and CEO Matthew Lloyd McPhee appears to be heading towards a negotiated settlement.

Settlement negotiations between Lloyd and the FTC at this stage are well underway but the outcome is still uncertain.

Nevertheless, the FTC appear confident of reaching a settlement.

Defendants McPhee and (Susan) Zanghi have both indicated that they would like to discuss resolving all the claims against them and the FTC, and these defendants have had some preliminary discussions with the FTC regarding settlement that are promising.

So much so that the FTC has taken the unusual step of seeking a $50,000 frozen asset release towards Lloyd and Zanghi’s legal defense. [Continue reading…]

Invia World was launched amid the collapse of the Questra World Ponzi scheme.

Headquartered in Austria and run Daniel Zdesar, who headed up Questra World’s Austrian chapter, Invia World promises a 36 month ROI on individual investments of up to €25,000 EUR.

Following an internal investigation, on May 29th Austria’s Financial Market Supervisory Authority banned operation of Invia World. [Continue reading…]

A third Digital Altitude defendant, Sean Brown, has reached a settlement agreement with the FTC.

In line with previously reached settlements with The Upside LLC and Morgan Johnson, Brown’s settlement has been submitted to FTC Commissioners for approval. [Continue reading…]

Morgan Johnson, a named defendant in the FTC’s lawsuit against Digital Altitude, was the first individual to reach a proposed settlement.

Back in May that settlement was presented to FTC Commissioners for approval, which appears to have since been granted.

On June 29th the FTC filed a Joint Application seeking approval of a permanent injunction and monetary judgment against Johnson. [Continue reading…]