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…]

In an Form 10-K annual report published a few hours ago, Investview has revealed a $150,000 fine by the CFTC. [Continue reading…]

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…]

On June 4th WorldVentures filed a lawsuit against rival MLM companies Ariix and MaVie.

In their lawsuit, WorldVentures accused Ariix and MaVie of unfair competition. Based on evidence submitted at the time, WorldVentures’ secured an ex-parte Temporary Restraining Order against both companies.

On June 26th a hearing was held, to determine whether or not WorldVentures’ granted TRO should be converted into a preliminary injunction.

The hearing spanned June 26th and 27th, with an order published a few hours ago. [Continue reading…]

The second individual subject to clawback litigation in the USFIA case, is Steve Chen’s wife, Li Zhao (aka Jennifer Zhao).

Through a number of shell companies, Zhao received and/or benefited from millions of dollars in stolen investor funds.

The primary company used to launder investor funds for the benefit of Zhao was Ally Investors LLC.

Despite opposition from Zhao, the Receiver has so far managed to recover over $3 million from a frozen Ally account in 2015.

In late 2017 Zhao was also stripped of a $2.3 million dollar San Marino, California mansion, paid for entirely with USFIA investor funds.

Now the Receiver is pursuing additional clawback litigation against Zhao which, if successful, will recover a further $370,000 or so. [Continue reading…]

On March 1st, 2018, parent company Investview announced Wealth Generators was changing its name to Kuvera.

Wealth Generators began as a stock investment advice opportunity. In late 2017 the company began offering cryptocurrency mining contracts.

Wealth Generators affiliates invested up to $4999 in individual mining contracts, on the promise of an advertised 1200 day ROI.

Investview and Wealth Generators differed from your usual MLM unregistered securities offering, in that Investview is actually registered with the SEC.

Analysis of the company’s required regulatory filings as of December 2017 however, revealed no mention of Wealth Generators’ passive ROI crypto mining offering.

This lead me to conclude that, despite Investview being registered with the SEC, Wealth Generator’s “Crypto” cloud mining product was still an unregistered security.

Whether this had anything to do with Investview renaming Wealth Generators to Kuvera is unclear.

The Kuvera MLM opportunity has since been branded Kuvera Global. The service side of Kuvera operates as Kuvera Wealth.

Kuvera Global cite Ryan Smith as Founder and CEO of the company.

Ryan has over 20 years of experience in business management and in the financial markets.

Prior to founding Kuvera, Ryan co-founded a brokerage firm and eventually focused of teaching others how to trade in the markets successfully – literally bringing “Wall Street to Main Street.”

With roughly six months having passed since we examined the Wealth Generators securities question, today we take a look at where Kuvera Global is at. [Continue reading…]

Whenever we see a major regulatory bust, there’s always at least one individual or entity that believes the rules don’t apply to them.

For whatever reason, the concept of “funds obtained through illegitimate business activities don’t belong to you” doesn’t ring home.

Following the recent FTC shutdown of MOBE, Qualpay have stepped up and demanded an exemption from the TRO currently in place. [Continue reading…]

Hopes that Digital Altitude may be able to continue its business operations have been dashed, following a declaration by the court-appointed Receiver.

In his Second Interim Report, the Receiver bluntly states he

has not resumed operations, and has no plans to do so, as he has not determined a feasible means of resuming operations in a lawful and profitable manner.

This implies that Digital Altitude not operating as a pyramid scheme is not viable, strengthening the FTC’s case against the company. [Continue reading…]

Elamant launched in late 2017 and appear to operate out of Singapore through “Elamant PTE LTD”.

Elamant PTE LTD was incorporated in October 2017. A search of the Singapore address used for incorporation reveals multiple businesses using the same address.

This suggests Elamant might be using a virtual office service and thus exists in Singapore in name only.

Heading up Elamant is President and CEO, Ryan Evans.

Evans is based out of California in the US, which is likely where Elamant is actually being operated from.

Prior to Elamant Evans (right) was Operations Director for the Saivian Ponzi scheme.

Saivian affiliates invested $125 a month on the promise of a daily ROI of up to $3000.

ROI payments were tied to direct and affiliate recruitment, with the recycling of newly invested funds to pay existing investors constituting Ponzi fraud.

Attached to this was a receipt cashback scheme, through which Saivian claimed it was selling shopping data provided by its affiliates.

Saivian primarily duped investors in Asia. The scam came crashing down in mid 2017, following the arrest of several top investors in China.

Saivian’s US ownership and management remain at large. As at the time of publication, US authorities have failed to take action against any Saivian executives.

Preliminary analysis of Elamant strongly suggests it is essentially a clone of the Saivian Ponzi scheme.

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

251 Coins provides no information on its website about who owns or runs the business.

The 251 Coins website domain (“251coins.com”) was privately registered on May 16th, 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…]