Noble 8 Revolution gearing up to scam “nearly 25,000” investors
Rather than acknowledge a matrix Ponzi cycler is a zero sum game (money in == money out), Blaine Williams, Mark Campese and Jim Anderson are trying to distance themselves from previously made refund claims. [Continue reading…]
Nerium seek to stop former Master Distributors from raiding for Jeunesse
One of the more disturbing allegations in Mark and Tammy Smith’s lawsuit against Nerium, was the calculated poaching of Prepaid Legal distributors.
When Nerium founder Jeff Olson first approached the Smiths, they claim they were in the midst of a “successful career” with PrePaid Legal.
Olson nonetheless eventually convinced the Smiths to jump ship to Nerium, on the promise of a secret backroom deal.
In their lawsuit, the Smiths claim Olson was well-aware of the legal repercussions that would likely manifest as a result of Nerium poaching two of Prepaid Legal’s then top earners.
After their fallout with Nerium, the Smiths allegedly have signed on with Jeunesse.
Top earners leaving a company… signing on with a competitor… downlines following…
I feel like I’ve seen this exact same scenario documented in a recently filed lawsuit somewhere, although I can’t quite put my finger on it.
In any event, with the shoe allegedly now on the other foot, Nerium has filed its own lawsuit against the Smiths. [Continue reading…]
Bitcoiin securities fraud warning issued by Tennessee
On March 7th pump and dump altcoin Bitcoiin was issued with a securities fraud cease and desist by New Jersey.
Citing that notice, the state of Tennessee has issued its own investor warning against the company. [Continue reading…]
W10X Review: Five-tier pass-up pyramid recruitment
W10X provide no information on their website about who owns or runs the business.
The W10X website domain (“w10x.co”) was privately registered on April 20th, 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…]
How are Payza continuing to provide payment processor services?
Within 24 hours of the Department of Justice and Homeland Security seizing Payza’s .com domain, the payment processor reemerged on a .eu domain.
The “payza.eu” domain was registered back in 2012. Payza only activated in response to the domain seizure however on March 21st.
Payza’s parent shell company PH Millars is listed as the owner of the domain. The domain itself is registered through the US registrar GoDaddy.
Whereas Payza’s clients, many of whom the DOJ and HSI allege are criminals and peddlers of child pornography, were unable to access their wallet balances, after the .eu switch they were again able to transfer funds.
Considering Payza co-founder Firoz Patel is an indicted fugitive facing a $250 million money laundering case, this seemed a strange development.
Today we dig a little deeper and examine how, despite US authorities’ efforts, Payza and Patel are still servicing their clients. [Continue reading…]
OneCash Trading and PBB 150 securities warning issued in Philippines
Two prominent MLM cryptocurrency opportunities in the Philippines have received warnings from the Philippine SEC.
According to the SEC’s Enforcement and Investor Protection Department, neither OneCash Trading or PBB 150 are licensed to offer securities in the Philippines. [Continue reading…]
Randy Crosby enters into settlement with TelexFree Trustee
Following on from the news that Randy Crosby had entered into settlement negotiations with the SEC late last year, a stipulated settlement with the TelexFree Trustee has been filed. [Continue reading…]
Payza website offline, domain seized by DOJ and HSI
US authorities have seized the Payza and AlertPay websites, as part of forfeiture in a $250 million money laundering case filed against co-founders Firoz and Ferhan Patel. [Continue reading…]
Inside Payza & the Patel brothers’ multi-million dollar criminal enterprise
The specifics of Payza’s business operations have always been murky.
We knew the company was co-founded by brothers Firoz and Ferhan Patel, Canadian citizens, who operated Payza via the UK shell company MH Pillars.
Beyond that though specifics have been elusive… up until now.
Following a federal indictment of the Patel brothers earlier this month, the scope and magnitude of their criminal enterprise have been revealed. [Continue reading…]
FundsPay Review: Hourly/daily ROI Ponzi returns
FundsPay provide no information on their website about who owns or runs the business.
The FundsPay website domain (“fundspay.net”) was privately registered on March 15th, 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…]
