Back August/September it emerged that thirty-five OneCoin affiliates had been arrested in China.

In a ruling that pretty much certified OneCoin an illegal pyramid scheme across China, affiliate sentenced ranged from probation to “several years imprisonment”.

Appeals against the sentences were filed, with a ruling handed down a few days ago. [Continue reading…]

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

The StaxCash website domain (“stax.cash”) was privately registered on December 18th, 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…]

With forex recruitment all but dead and their bitcoin package ROI liabilities spiraled out of control, USI-Tech’s latest ploy to raise investment revenue is an ICO.

Tech Coin will be another entry into the burgeoning MLM underbelly ICO market.

Offering nothing new to the cryptocurrency space, Tech Coin is likely just another script-generated altcoin.

Ultimately Tech Coin will serve no other purpose than to launder USI-Tech investor funds through, pocketing owners and big recruiters a large percentage of funds invested. [Continue reading…]

The MOBE website identifies a corporate address for Mobe LTD in Kuala Lumpur, Malaysia.

According to recent footage released by Malaysia’s Immigration Department, officers raided a property in connection to MOBE and made immigration related arrests. [Continue reading…]

On the footer of the Wealth Generators website you’ll find the notice:

Wealth Generators LLC is a wholly owned subsidiary of Investview (OTC:INVU)

Investview is a Nevada corporation that actually operates out of Utah, run by Ryan Smith, Annette Raynor and Chad Miller and Mario Romano.

In light of our recent report on Wealth Generators’ Crypto mining package investment offer, the assertion is that Investview being registered with the SEC makes it kosher.

Today we dig into Investview’s SEC filings, in an attempt to answer whether Wealth Generators’ investment opportunities are indeed registered securities offerings. [Continue reading…]

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

The Libra Coin website domain (“libracoin.io”) was privately registered on November 17th, 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…]

Now Mining claim to be based out of London in the UK but don’t appear to have any actual business operations there.

Nothing comes up for “Now Mining” when you run a UK incorporation search on the company name.

Additionally, no contact details are provided on the Now Mining website.

The Now Mining website domain (“nowmining.com”) was privately registered on July 27th, 2017.

Luis Ortega is identified as the company’s CEO.

Ortega (right) appears to be based out of the Arizona in the US. As far as I can tell, he doesn’t seem to have an MLM history.

For all intents and purposes Now Mining appears to be operated from within the US.

Now Mining held their official grand opening on December 9th in Phoenix Arizona.

As per Alexa’s records, the US is also the largest source of traffic to the Now Mining website (64%).

For more we turn to an undated Now Mining conference call hosted by Oz Fuentes.

Fuentes states he’s based out of Phoenix, Arizona and claims to have been working in the MLM industry for ten years.

After introducing himself and others on the call, Fuentes starts breaking down Now Mining.

About four minutes into the webinar, Fuentes claims Now Mining is the official marketing arm of Genesis Mining.

[4:23] I found out that Luis had been working with Genesis Mining for about three years.

He’s been consulting for them, Genesis Mining. And he was chosen to be the President of CEO of Now Mining, who is the marketing arm for Genesis Mining.

Genesis Mining is a four year old company, debt free.

They’re worth about two billion dollars. They’ve mined about a hundred thousand bitcoin so far.

And they decided to launch their network marketing arm, Now Mining.

I tried to independently verify this information but couldn’t find anything connecting Luis Ortega or Now Mining with Genesis Mining.

Whether the company is indeed the network marketing arm of Genesis Mining remains unclear.

The fact that there’s no mention of Now Mining anywhere on the Genesis Mining website is pretty suspect.

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

Despite launching some six years ago, net-winners who illegally profited in the Zeek Rewards Ponzi scheme are still being pursued for the money they stole.

With determinations of who owes what finalized and a court ruling certifying the amounts legally binding, on December 20th the Receiver shared how the Receivership intends to enforce recovery. [Continue reading…]

Despite the SEC making it clear that MLM cryptocurrency opportunities are not exempt from securities regulation, some companies don’t appear to have gotten the memo.

One of those companies is Wealth Generators, who are currently gearing up to launch their “Crypto” mining contracts. [Continue reading…]

Back in October the TelexFree Trustee filed a proposal to resolve some 19,530 disallowed victim claims.

Concerned that they might be potentially held accountable for more than they stole, net-winners objected to the Trustee’s proposal.

The Trustee responded to these objections, asserting that net-winners had no say or standing in the victim claims process.

On December 26th the Trustee’s proposals were signed off on, paving the way for claim resolution. [Continue reading…]