VIP Mining operates in the cryptocurrency MLM niche. On the VIP Mining website, Luis Ortega is cited as founder of the company.

Ortega recently popped up on BehindMLM’s radar as the founder of Now Mining.

Now Mining offered unregistered security investment contracts, purportedly through partnership with Genesis Mining.

Alexa traffic estimates for the Now Mining website suggest the scheme collapsed shortly after launch.

Now Mining investors who were promised a ROI over 280 days appear to have lost their money.

Despite Now Mining collapsing and causing widespread losses, Luis Ortega (right) describes himself as ‘a successful leader, a technology visionary and a pioneer in the cryptocurrency industry.‘

VIP Mining appears to be a name-change and reboot of the same concept behind Now Mining.

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

Following the death of their golden goose, Russian scammers tracked down a Sergey Mavrodi lookalike.

After initially agreeing to be the “new” face of the MMM Global, Vladimir Fomin has revealed how “people from Moscow” hoped to resurrect the notorious Ponzi scheme. [Continue reading…]

The Green Life Corporation, Oriflame and Unicity have been fined by Vietnamese regulators.

The fines were handed down following an investigation that revealed the three companies were violating Vietnamese MLM regulations. [Continue reading…]

As their Questra World Ponzi collapsed, the scammers behind it and Atlantic Global Asset Management launched Five Winds Asset Management.

Despite the arrest of founder Pavel Krymov and active criminal investigations in Russia and Kazakhstan, recruitment of gullible investors into Five Winds shows no signs of slowing down.

At the time of publication Alexa cite Russia (29%), Germany (17%) and Kazakhstan (12%) as the largest sources of traffic to the Five Winds website.

This has finally attracted the attention of German authorities, who on Monday declared Five Winds was illegal across the country. [Continue reading…]

My Paying Tree provides no information on their website about who owns or runs the business.

The My Paying Tree website domain (“mypayingtree.com”) was privately registered on May 3rd, 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…]

Akyoh claim to be a “technology investment company which based in Cyprus (EU)”.

Beyond that statement however there is no evidence of Akyoh having any business operations in Cyprus. It’s also worth noting that Cyprus is a known jurisdiction for having little to no MLM regulation.

Incorporation of an MLM company in Cyprus is typically done when a company can’t legitimately incorporate itself in a reputable jurisdiction.

Cited as President of Akyoh on their website is Christian Lipovec (right).

Up until recently Lipovec was promoting the AladinCoin Ponzi scheme.

In a Facebook post dated March 17th, Lipovec wrote;

After a few days at the company now on the way back to Austria!

It was very impressive to see how all grows up at Aladin Capital!

Prior to AladinCapital Lipovec was an active Lyoness affiliate.

Although Lipovec appears to be based out of Austria, Akyoh is primarily being promoted across Vietnam.

Alexa currently estimate that Vietnam makes up 96% of traffic to the Akyoh website.

Somewhat curiously, visitors to the Akyoh website are informed the company will be holding a “grand opening” in Cambodia on September 15th, 2018.

Other than serving as a venue adjacent to Vietnam that is unlikely to arouse the suspicion of Vietnamese authorities, the connection between Akyoh and Cambodia is unclear.

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

Seven Stars Group provides no (accurate) information on their website about who owns or runs the company.

The Seven Stars Group website domain (“sevenstars.group”) was privately registered on June 15th, 2018.

Despite existing for barely a few months, Seven Stars Group claims it was “founded in 2010” by Mario Rossi, a fictional “American forex trader”.

In an attempt to feign legitimacy, a UK incorporation certificate for “Seven Stars Group LTD” is provided.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

It instead far more likely Seven Stars Group is being operated from Russia.

Supporting this are Russian language blog posts and social media updates, the presence of a corporate vK social media profile and Alexa citing Russia as the largest source of traffic to the Seven Stars Group website (33%).

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…]

Despite surfacing roughly nine months ago, Noble 8 Revolution has still failed to pay commissions.

The company does however continue to collect monthly fees, with excuse after excuse trotted out for commission delays.

Now it has emerged co-founder Blaine Williams has been diagnosed with stage 3 cancer. [Continue reading…]

Following on from a Temporary Restraining Order and contempt charge, WorldVentures has been granted a permanent injunction against David Wood. [Continue reading…]

When OneCoin announced its OFC ICO last week, twelve public exchanges were initially featured on the ICO website.

OneCoin claimed it was “contacting” the featured exchanged regarding public listing of their OFC ERC20 token.

Without explanation, OneCoin slashed the featured exchange number to just six within a few days.

Now, of the remaining six exchanges that were listed, one has publicly confirmed it has no plans to list OneCoin’s OFC “Ponzi coin”. [Continue reading…]