When a BehindMLM reader reached out requesting a “Sun Money” update to our 2016 Sun Money Network review, I initially thought the company were unrelated.

Sun Money Network was a Ponzi scheme pitching investors on monthly returns, purportedly generated via solar electricity generation.

Sometime between our 2016 review and Sun Money launching, Sun Money Network collapsed.

Tóth Levente was cited as Sun Money Network’s General Manager and only named executive.

Today Sun Money’s website only cites Gabor Eisenbart as owner and founder of the company.

With a bit of additional digging on our reader’s part though, they were able to establish Tóth Levente was tied to Sun Money as a co-founder.

Ergo Sun Money is a continuation of the collapsed Sun Money Network Ponzi scheme. Gabor Eisenbart now fronts the scheme, with Levente evidently hiding in the shadows.

Sun Money operates from the domain (“sunmoney.com”), first registered in 2002. Through the Wayback Machine we can see the domain was for sale up until at least late 2016.

Sun Money’s current website went live on or around May 2017, marking purchase of the domain the transition away from Sun Money Network.

Of note is Sun Money citing three corporate locations on its website;

1. Dubai, attached to the shell company SunMoney Solar FZ LLE
2. Germany, attached to the shell company SunMoney Solar GmbH
3. Singapore, attached to the shell company SunMoney Solar Pte. Ltd.

Of the three locations, Dubai appears to be Sun Money’s primary base of operations.

SUNMONEY Solar FZ LLE is the financial center of SUNMONEY Solar Group. All of the contracts and payments are issued from here.

Interestingly enough Sun Money’s official FaceBook page is managed from Hungary.

This suggests Sun Money might not have any actual physical ties to Dubai.

Nonetheless due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Sun Money, read on for a full review. [Continue reading…]

Internet Income System operates in the marketing MLM niche.

The company’s website lists two creators; Jeffrey Long and Chris Record.

Long, who typically goes by Jeff Long, first appeared on BehindMLM’s radar as the founder of AutoXTen, a recruitment scheme launched in 2011.

AutoXTen collapsed a few months after launch. Long went on to launch SMS Dailies, which also collapsed shortly after launching.

Long resurfaced in late 2015 with Get Paid Social, a Facebook spam pyramid scheme.

Get Paid Social went into decline throughout 2016, prompting Long to launch 1 Online Business in mid 2017.

1 Online Business combined a cycler Ponzi business model with social media spam. Alexa traffic estimates for the 1 Online Business show a brief hype period followed by a collapse leading into 2018.

Long launched and began promoting Luvv, a pyramid scheme, around April, 2018. Luvv is believed to have collapsed a few months after its launch.

In early 2019 Long launched NewU Financial, a shady MLM gifting scheme promising investors a 200% ROI. That lasted barely a few months before NewU Financial collapsed.

Within weeks of NewU Financial collapsing Long launched Abundance Network, another illegal gifting scheme.

A few weeks later Long’s partner merchants pulled the plug, citing pyramid scheme concerns.

This led to a pyramid scheme model reboot in August 2019 that, not surprisingly, was also short-lived.

I don’t know what Long’s been up to between 2019 and late 2023. He’s scrubbed his personal FaceBook page up until he announced Internet Income System in October 2023 (note there’s one Jesus copypasta post from April 2023).

Chris Record is known to BehindMLM as co-founder and CEO of Tecademics.

Launched in late 2016, Tecademics was an MLM company that sold $12,000 “college of internet marketing” courses.

After launching Tecademics went into decline throughout 2017. This eventually led to Record selling his share in Tecademics to co-founder Jim Piccolo in early 2018.

Piccolo would go on plead guilty to Tecademics related tax fraud in January 2023. Piccolo received an eighteen month prison sentence in September 2023.

After Tecademics Record appears to have continued promoting himself as a marketing expert.

Oh, and he’s also a crypto cringelord:

Both Long and Record are US residents. Internet Income System doesn’t provide a corporate address on its website but does cite parent company Video Funnels LLC.

Video Funnels is in turn tied to Long Enterprises, which appears to be a Utah shell company.

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

Agora Advantage operates in the marketing MLM niche. A California corporate address is provided on the company’s website.

On said website, Agora Advantage claims to have been in business for “8+ years”.

Agora Advantage’s website domain (“agoraadvantage.com”), was first registered in 2015. This tracks with Agora Advantage’s social media account history:

Heading up Agora Advantage we have co-founders Vince Baker, Mike Driggers, Brian Jacks and Steve Aust.

Vince Baker doesn’t appear to have an MLM history. He runs Vince Baker Ministries and pitches himself as “a highly motivated Business Marketing Agent, Internet Marketing Coach, Public Speaker, and Author.”

Mike Driggers is known to BehindMLM as Vice President of the GoFun Rewards Ponzi scheme.

Driggers bailed just as GoFun Rewards collapsed in May 2013.

After GoFun Rewards, Driggers reinvented himself as a marketing coach.

Brian Jacks has a non-MLM history in finance and real-estate.

Steve Aust is Chief Growth Officer and Director of Ion Digital Corp, a crypto integration firm.

As per Aust’s Ion Digital Corp corporate bio, he’s

a seasoned executive with 20 years of experience in venture capital, direct sales, and energy solutions.

As the co-founder and president of Verdant, he passionately brought integrated solutions to the global market and helped raise over $100 million in Venture Capital for various direct sales companies – leading them through successful IPOs.

Verdant appears to be a collapsed automotive turned energy company. The news section of Verdant’s website hasn’t been updated since 2015.

Read on for a full review of Agora Advantage’s MLM opportunity. [Continue reading…]

LumiVitae fails to provide ownership or executive information on its website.

LumiVitae’s website domain (“lumivitae.com”), was first registered in 2015. The private registration was last updated on October 13th, 2023.

Based on snapshots from the Wayback Machine, it appears LumiVitae’s website went live on or around December 2023.

Nuno Nina is mentioned on LumiVitae’s website but there’s no mention of him being founder of the company.

To confirm that I had to head over to Nina’s personal website:

Nina is believed to be a Portuguese national. He is best-known in the MLM industry for being behind Healy World’s nonsensical “information field” devices.

Healy World is still around but its website has seen a dramatic 78% reduction in traffic over the past few months.

While Nuno Nina is LumiVitae’s founder, he himself isn’t running the company.

LumiVitae is headed up by Australian national Taryn Lee.

Perhaps not surprisingly, Lee is a former Healy World distributor:

LumiVitae doesn’t provide a corporate address on its website. LumiVitae’s website Terms of Service however does cite “LumiVitae, LDA” and states its website “is controlled and operated from within Portugal”.

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…]

Debt Box promoter Ryan Bowen has been voluntarily dismissed from the SEC’s case.

A stipulation filing also provides clarity on how the SEC intends to handle the case going forward. [Continue reading…]

SmartLab fails to provide verifiable ownership or executive information on its website.

Supposedly SmartLab is run by founder “Alex Wu”. Whether Wu actually exists is unknown.

SmartLab’s website domain (“smartlab.international”), was privately registered on August 8th, 2023.

On its website, SmartLab claims to be based out of Vietnam.

Where is Smart Lab located?

Smart Lab’s main office is located in Ho Chi Minh City, Vietnam. We were initially founded in Malta and later incorporated in Seychelles.

Notwithstanding Malta and Seychelles being tax-havens used to register shell companies, there is no way for consumers to verify this information.

It’s unlikely Alex Wu exists. It’s also unlikely SmartLab has any physical ties to Vietnam, Malta or Seychelles.

As of February 2024, SimilarWeb ranks top sources of traffic to SmartLab’s website as Australia (57%) and Norway (43%).

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…]

DexNet operates in the cryptocurrency MLM niche.

The company is headed up by founder and CEO Aleksey Kedo.

Kedo, who appears to be a Russian national, is known to BehindMLM as a top promoter of Kairos Technologies Ponzi scheme.

Following multiple regulatory fraud warnings and regulatory enforcement actions across Europe, Kairos Technologies collapsed in September 2016.

Authorities in Belarus made thirty Kairos Technologies related arrests later that same month.

Nonetheless what was left of Kairos Technologies limped along.

In January 2017 Turkish authorities concluded Kairos Technologies was an illegal pyramid scheme. Finally in January 2018, what was then left of Kairos Technologies was disposed through a failed ICO exit-scam.

DexNet’s other founder Igor Botnari, appears to be a random crypto bro with the usual failed businesses under his belt.

These include:

• FixOne – failed cryptocurrency exchange, no website traffic
• ProfixOne Capital – website disabled
• FixOne Global – failed trading scheme, website disabled
• One Token – failed crypto investment Ponzi offering 65% annually
• Teroxx – failed crypto trading scheme, no website traffic
• Abloxx – failed shit token Ponzi promising 8% a quarter for 5 years
• Toqunia – another collapsed crypto scheme of some sort, website abandoned years ago

DexNet operates from three known website domains:

• dexnet.one – privately registered on February 3rd, 2023
• dexnet.info – privately registered on June 9th, 2023
• dexfreedom.com – registered by Seychelles shell company Solutions Innovation on March 16th, 2023

As of February 2024, SimilarWeb tracked top sources of traffic to DexNet’s .ONE domain as Russia (30%), Ukraine (16%), Germany (13%), the UK (12%) and Moldova (11%).

Top sources of traffic to DexNet’s .INFO domain over the same period are Russia (39%), Malaysia (22%), Germany (22%) and the UK (17%).

Top sources of traffic to DexNet’s .COM domain over the same period are Latvia (50%), Russia (40%), Germany (6%) and Ukraine (4%).

On its .ONE domain, DexNet represents it operates as “Dexnet Information Technology CO” out of Dubai.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

DexNet’s website specifically suggests it is under the protection of Sheikh Majid Rashid Al Mualla.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to DexNet, read on for a full review. [Continue reading…]

The British Columbia Securities Commission has published reasoning behind its decision to extend a temporary order.

The order, issued on November 16th, 2023, prohibits promotion of GSPartners’ “MetaCertificates” unregistered securities offering.

Specific breaches of British Columbia law cited by the BCSC included:

1. illegal distribution of securities;
2. illegal trading of securities;
3. prohibited representations; and
4. fraud

In addition to GSPartners and parent company GSB Gold Standard Corporation, the order also pertains to promoters Haidy Nitsa Nakos, Tanya Sue Cloete and James Bruce Gardiner. [Continue reading…]

Google has filed a RICO lawsuit against two Chinese scammers it alleges are behind the OTCAI “click a button” app Ponzi.

Named defendants in Google’s filed April 4th Complaint are:

1. Yunfeng Sun (aka Alphonse Sun), an app developer believed to reside in Shenzhen, China
2. Hongnam Cheung (aka Zhang Hongnim, Stanford Fischer), an app developer believed to reside in Hong Kong, China

As alleged by Google, Sun and Cheung [Continue reading…]

Terrence Pounds has been sentenced to 94 months in prison for COVID-19 loan fraud.

Pounds, who orchestrated the multi-million dollar fraud scheme, will also have to pay back $4.2 million in restitution. [Continue reading…]