Kuvera Global’s individual mining lie exposed, same old cloud mining
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…]
USFIA Receiver seeks 90 day victim claim submission extension
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…]
Todd Spencer fighting to keep $350,000+ of fraudulent Zhunrize funds
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…]
Xtreme Green Review 2.0: Eco auto additives with no demand?
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 Review: Six-tier 2×2 matrix cycler Ponzi
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…]
Jeunesse RICO class-action settlement on the horizon
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 files for bankruptcy, drags Agel and others down with it
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…]
Rodan + Fields terminates Pool Patrol Paula’s distributorship
There’s been a recent spate of incidents where white people call the cops on black people not breaking the law in the US.
Due to the technological age we live in, the altercations, seemingly sparked by race, have been caught on camera.
Last Sunday Stephanie Sebby-Strempel, since dubbed “Pool Patrol Paula”, took it upon herself to confront and assault a black teen at a South Carolina community pool.
It didn’t take long for the internet to realize Sebby-Strempel was a Rodan + Fields distributor. [Continue reading…]
Investview (Kuvera Global) fined $150,000 by CFTC
In an Form 10-K annual report published a few hours ago, Investview has revealed a $150,000 fine by the CFTC. [Continue reading…]
Jamberry Nails collapses, partially acquired by M.Network
In a textbook example of how to completely screw up communication with your affiliates, Jamberry Nails has finally broken its silence.
Without so much as an explanation to affiliates, Jamberry Nails ceased paying affiliates and shipping products.
Jamberry executives even stopped showing up to work and other than rumors of a proposed merger with M.Network, nobody outside of corporate seemed to know what was going on.
Now in an email sent out to Jamberry Nails affiliates, apparently the proposed merger has fallen through. Well, sort of. [Continue reading…]