Authorities in the Dominican Republic have arrested Andre Feitosa, citing him as President of of MoneyFree Club. [Continue reading…]

Glenn Arcaro has moved to dismiss a class-action lawsuit filed by BitConnect victims.

Arcaro, who went into hiding just before BitConnect collapsed earlier this year, dismisses victims of the multi-billion dollar Ponzi scheme as “disappointed gamblers”. [Continue reading…]

A top Indian BitConnect investor was arrested at Delhi airport on Saturday.

Divyesh Darji was apprehended following a look-out notice issued as part of an ongoing investigation. [Continue reading…]

The iBull Trade website identifies Salvatore Tagliavia, Giuseppe Mancino and Stefano Soldi as co-founders of the company.

Of the three iBull Trade co-founders, Tagliavia appears to be running the show. Tagliavia is based out of Bulgaria, which is presumably where iBull Trade is operated from.

The iBull Trade website states the company

began in 2009 when with some entrepreneurs and who were investing in cryptocurrencies.

After a while, they found a way in which they could to create a more stable management of income lasting over time but always very profitable.

So a few years later, precisely in 2011, with the contribution of the European Community and the Norwegian Government that financed the project, we started work on the construction of our first Mining Farm near Oslo.

Since 2013, the project has been merged under the direct and exclusive guidance of EcoTrade13.

To be clear, iBull Trade itself didn’t exist until late 2017.

On his social media profiles Salvatore Tagliavia (right) cites himself as the sole founder and owner of EcoTrade13.

EcoTrade13 doesn’t appear to have a web presence, casting doubt on iBull Trade’s backstory.

For what it’s worth Tagliavia’s LinkedIn profile suggests EcoTrade13 launched on or around 2013.

In 2014 Tagliavia was promoting Olympic Idea, which he claims he is also the founder of on Twitter.

Olympic Idea is a marketing tool MLM opportunity that appears to have rebranded as Our Global Idea at some point.

Alexa traffic estimates for the Our Global Idea website suggest nothing much is happening for the company outside of Greece (99.5% of total website traffic). Whether Tagliavia is still involved with the company is unclear.

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

ExoCoin provides no information on their website about who owns or runs the business.

The ExoCoin website domain (“exo-coin.io”) was privately registered on February 15th, 2018.

Language on the ExoCoin website (excessive use of “have”) suggests it was put together by a Chinese-speaking admin.

At the time of publication Alexa cite Nigeria as the largest source of traffic to the ExoCoin website (74%). Indonesia is second coming in at 13%.

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…]

Kaching Fund cite “James Brown” as founder and CEO on their website.

Brown is represented by a very stock-looking image of a businessman, locked hexagon graphic.

The image file used to represent Brown is named “hexperson.png”.

No specific information about Brown is provided and it’s pretty obvious he doesn’t exist.

Kaching Fund also provide bogus image representations for Investor Relationship Agents (none of whose contact information actually works), and fake journalist and developer testimonials (stock images again).

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…]

Crypto15 provides no information on their website about who owns or runs the business.

The Crypto15 website domain (“crypto15.com”) was privately registered on August 4th, 2018.

Further research reveals Crypto15 affiliates naming Todd Hirsch as owner of the company.

Todd Hirsch first appeared on BehindMLM’s radar as the admin of Cloud 2×2 cycler Ponzi back in 2012.

In early 2013 Hirsch re-emerged as the co-founder of Rocket Cash Cycler(another Ponzi cycler).

Rocket Cash Cycler collapsed in less than a year and was relaunched by Hirsch in early 2014. By mid 2014 Rocket Cash Cycler v2 had also collapsed.

A few months later Hirsch launched BitCoin Cycler, combining the same cycler Ponzi model with bitcoin.

BitCoin Cycler collapsed a few months later in early 2015.

In January 2016 Hirsch launched My Ad Cubes, a non-MLM HYIP adcredit Ponzi scheme.

My Ad Cubes appears to have collapsed sometime around March of 2016.

In early 2017 Hirsch returned with Real Destinations International, yet another matrix cycler Ponzi scheme.

Fortunately Real Destinations International’s launch was perpetually delayed. After months of promises, the company website’s was eventually taken down later in the year.

The failure of Real Destinations International appears to have hit Hirsch hard.

In February 2018 Hirsch was arrested in Georgia.

He was charged with and found guilty of fleeing/attempting to elude, DUI, reckless driving and six counts of terroristic threats.

The terroristic threats charges stemmed from Hirsch threatening to harm or kill law enforcement officers during his pursuit and subsequent arrest.

After being charged, Hirsch was sentenced to rehabilitation.

He “left the facility” last November but failed to “return to jail”.

After going on the run,

Hirsch is believed to have flown to the Dominican Republic, but he returned Feb. 22 to Panama City, Panama.

From there, he planned to travel to Medellin, Colombia, but was intercepted by Panamanian law enforcement officials, who took him to Miami to await extradition, said Capt. Justin Wells.

What happened after that isn’t clear. What we do know however is that Hirsch returned to social media on June 16th, presumably after a stint in jail.

Read on for a full review of the Crypto15 MLM opportunity. [Continue reading…]

Following a granted stay last month, a Stipulation of Settlement has been filed in the Jeunesse RICO class-action lawsuit.

In 2016 Plaintiffs James Aboltin and Pamela Knight sued Jeunesse for deception.

In the lawsuit Aboltin and Knight alleged Jeunesse was running a “misleading business opportunity”, masquerading as “a legitimate way to make money”.

The proposed class-action settlement covers current and former Jeunesse affiliates who signed up after January 1st, 2010 and [Continue reading…]

Since the appointment of the MOBE Receivership, the Receiver has been approached by a wide-range of victims.

Virtually all of the consumers with whom the Receiver has communicated did not earn back the amounts they paid to purchase MOBE memberships.

One specific example cited in the Receiver’s Initial Report is a Catholic nun, who purportedly borrowed $60,000 from her family. [Continue reading…]

New Zealand’s Financial Markets Authority has issued an investment warning against USI-Tech.

Better late than never? [Continue reading…]