In their lawsuit that alleges Digital Altitude was a $14 million dollar fraudulent business, the FTC identified The Upside LLC as

a California company managed by Mary Dee and primarily used to open merchant accounts for credit card processing.

Mary Dee being one of Digital Altitude’s principals and also a named defendant in the suit.

Whereas Mary Dee is currently still fighting the case, on June 29th the FTC and The Upside LLC filed a Joint Application.

If approved, the application sees The Upside LLC consent to a permanent injunction and monetary judgement. [Continue reading…]

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

The FundsFact website domain (“fundsfact.com”) was privately registered on March 10th, 2018.

The official FundsFact Facebook group has three admins; Martha Hughes, Honey Arbi and C Jacinth Samuel Raj.

Hughes and Arbi appear to be dummy accounts, leaving Raj (right) as the likely owner of the company.

According to his Facebook profile, Raj is based out of Chennai in the Indian state of Tamil Nadu.

It’s probably a safe bet that whoever is behind the other two dummy FundsFact admin accounts are also based out of India.

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…]

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

The Biteroi website domain (“biteroi.com”) was privately registered on March 30th, 2018.

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…]

At the heart of Kuvera Global’s “we don’t need to register with the SEC” pseudo-compliance, is the claim that their mining services are provided on an individual basis.

A Kuvera Global affiliate invests in a graphics card, Kuvera Global set that up and then run it to generate a ROI.

We offer Crypto Mining Packages that consist of computer/GPU hardware, operation and maintenance services to provide individuals access to crypto mining.

Our mining hardware (hosting) facility is arranged through contractual partnership and located in Romania.

Each GPU processing card is specific to the package purchased, is individually serial numbered, and the customer may request their hardware to be shipped to them at any time.

We believe our mining services which are physically housed, monitored and maintained in a dedicated facility eliminates variables associated with other mining services that are typically cloud based.

Investview, Kuvera Global’s parent company, argues this fundamental difference exempts them from having to register and disclose the specifics of their mining opportunity with the SEC.

Thanks to the ethereum blockchain, we can confirm that’s baloney. [Continue reading…]

Despite being able to file claims since April, a surprisingly small number of victims have thus far sought to recoup their losses.

Owing to a “substantially lower than anticipated” number of submitted claims, the Receiver is seeking a 90 day submission extension. [Continue reading…]

Despite Zhunrize being a $100 million Ponzi scheme and pretty much every insider reaching a clawback settlement with the Receiver, Jeffery Todd Spencer believes the $350,000+ he received is his to keep.

In a filed June 28th Joint Preliminary Report, additional details of Spencer’s clawback lawsuit have been revealed. [Continue reading…]

About a week ago I received a legal threat from Xtreme Green CEO Lawrence Kahn.

Linked to in Kahn’s letter was our 2014 Xtreme Green review.

Kahn claimed our review was causing Xtreme Green to suffer ” injury from the loss of sales” and that if we didn’t remove our review, we “may be deemed liable” for their losses.

In my response, I pointed out that the statute of limitations had long-since expired in any US jurisdiction.

Not withstanding that our review was written in good faith, date-stamped and accurate as at the time of publication.

I informed Kahn (right) that if Xtreme Green had changed its business model, the polite thing to do would have been to simply request an update.

I sent my response to Kahn on June 26th. To date I haven’t heard anything back.

Having verified myself that Xtreme Green has indeed changed their compensation plan since our initial review, today we revisit the company.

Read on for an updated review of the Xtreme Green MLM opportunity. [Continue reading…]

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

The SpeedFlow website domain (“speedflow.org”) was privately registered on March 16th, 2018.

At the time of publication Alexa estimate Brazil (24%) and Russia (17%) are the two largest sources of traffic to the SpeedFlow website.

A corporate address in Gibraltar is provided on the SpeedFlow website, however further research reveals it to be virtual in nature.

Marketing copy on the SpeedFlow website and in the compensation plan suggest that whoever is running the company is not a native English speaker.

Due to a generous reward, even a lazy person will earn money here. Here will happen powerful spillover.

One possibility is Italy, with the URL slug “supporti” used for SpeedFlow’s website contact page.

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…]

At the heart of the Jeunesse RICO pyramid lawsuit is the allegation that plaintiffs James Aboltin and Pamela Knight were

deceived by Jeunesse’s misleading business opportunity, falsely believing that it was a legitimate way to earn money.

Currently a proposed class-action, on June 29th Aboltin and Knight requested a stay on the case pending settlement. [Continue reading…]

JRJR33, owner of Agel and a slew of other MLM companies, filed for Chapter 11 bankruptcy on June 29th, 2018.

At the time of its bankruptcy filing, JRJR33’s mot prominent MLM company still standing was Agel.

Although to what extent Agel has remained viable over the past twelve months is questionable. [Continue reading…]