DuePoint operate in the financial services MLM niche and are based out of Gauteng, South Africa.

DuePoint list five “team members” on their website, however their specific roles within the company are no defined.

Brendan Benfield, Timothy Renolds, Rob Van Der Bijl, Stacey Paul and Jayne Verity are credited with backgrounds in finance and tech.

Jayne Verity is the DuePoint team member credited with MLM experience;

Having developed direct marketing teams both in the UK and in South Africa, she adds extensive knowledge and experience to DuePoint.

Perusal of Verity’s Twitter profile reveals marketing material for The Worlds Biggest Buying Club (2011, now defunct). Other than attendance at a DSA South Africa event in 2015, I was unable to confirm Verity’s MLM credentials.

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

Subash Jewria (aka Subhashchand Jewria) founded the ATC Coin pump and dump altcoin pyramid scheme earlier this year in March.

Built on the ATCC cryptocurrency, Jewria offloaded premined ATCC to victims based on the “projected value” of the coin.

According to official ATC Coin projections, ATCC was supposed to be worth a minimum ₹25 INR (38 cents USD) by October, 2017.

Rather than steady organic growth however and fueled by speculative investment and pyramid recruitment commissions paid through ATC Coin, ATCC peaked at $1.90 USD on September 10th and over the past month has crashed back down to about 64 cents.

That’s still higher than the initial projected October value of 38 cents, however that estimate was based on continued growth.

ATC Coin’s business model saw affiliates park purchased ATCC for 18 months, on the promise of a ROI paid out in ATCC.

With ATC Coin affiliate recruitment slowing down the value of ATCC continues to collapse.

The losses of ATC Coin affiliates who bought in during ATCC’s pump phase meanwhile continue to climb, which inevitably prompted the filing of police reports. [Continue reading…]

HextraCoin provide no information on their website about who owns or runs the business.

The HextraCoin website domain (“hextracoin.com”) was privately registered on September 9th, 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…]

Talk Fusion is an MLM company that primarily markets an email video product suite.

BehindMLM reviewed Talk Fusion in 2014 and concluded the company’s ‘paid video communication services … are entirely redundant.‘

The follow on from this is that retail is likely to be virtually non-existent. And as per the FTC, an MLM company without significant retail activity taking place is operating as a pyramid scheme.

My suspicions about Talk Fusion were seemingly confirmed following the filing of two lawsuits alleging the company was indeed a pyramid scheme. [Continue reading…]

In late 2015 former affiliate Dennis Gray filed a class-action RICO lawsuit against Talk Fusion.

In his lawsuit Gray alleged he had been

deceived by the Talk Fusion’s misleading business opportunity, falsely believing it was a legitimate way to earn money, and did lose money as a result of Defendants’ unfair and unlawful business practices.

Gray (right) alleged those “unlawful business practices” are the operation of ‘a pyramid scheme disguised as a multi-level marketing (“MLM”) company‘.

The case played out and in August, 2016, was dismissed for lack of jurisdiction in California and transferred to Florida.

There the case continued for almost another year, before it was dismissed again on July 25th, 2017. [Continue reading…]

Mema provide no information on their website about who owns or runs the business.

The Mema website domain (“mema.co.za”) was registered by Quinton Le Grange on August 3rd, 2008.

Quinton registered the Mema address through a PO Box in Cape Town, South Africa.

On his Facebook profile Le Grange states he “works at Mema”. Whether he owns the company is unclear.

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…]

WesternCoin provide no information on their website about who owns or runs the business.

The WesternCoin website domain (“westerncoin.co”) was privately registered on September 14th, 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…]

According to Alexa, Colombia is currently the fourth largest source of traffic to the iMarketsLive domain.

The recruitment efforts of Alex Morton and his posse haven’t gone unnoticed by the Superintendencia Financiera de Colombia, who earlier today issued an investment warning against iMarketsLive. [Continue reading…]

Affinity Business Network provide no information on their website about who owns or runs the business.

The Affinity Business Network website domain (“affinitybn.co.za”) was registered by “affinitybn” on June 6th, 2016.

An address in Gauteng, South Africa is provided, which is presumably where Affinity Business Network is operated from.

Further research reveals Fred Andalaft (right) crediting himself as founder of Affinity Business Network on his LinkedIn profile.

Why this information isn’t provided on the Affinity Business Network website is unclear.

Other than a marketing interview on LinkedIn, there isn’t any information publicly available on Andalaft’s history prior to founding Affinity Business Network.

Presumably Affinity Business Network is Andalaft’s first MLM venture as an executive.

Update 22nd October 2020 – A reader wrote in with a link revealing Fred Andalaft, as “Freddie Andalaft”, has ties to Progressive Investment Trust and related companies.

South Africa’s FSB launched an investigation into Progressive Investment Trust in 2008.

The FSB first became aware of the problems at the companies and the trust when the liquidator of the Fraser Lesotho Pension Fund attempted to withdraw investments from Progressive Asset Management.

When the FSB intervened, Andalaft falsely claimed the money had been repaid. This sparked an FSB investigation, which was expanded to include all the companies and the trust, which are now under curatorship.

And after the investigation started, Andalaft falsely told the consultants of the SA Studbook Provident Fund that the fund could not withdraw its money because of the FSB investigation.

The inspection was completed in February this year. But before the FSB could take action, Andalaft, whom the inspectors said was the “directing will and mind”, had to be given the opportunity to respond.

This is despite the fact that Anderson says that on numerous occasions Andalaft attempted to mislead the investigators and to give them false information.

By the end of May curators had been appointed to take over the Progressive Trust companies.

By the end of 2008 the Progressive Trust companies were ordered into liquidation. Investor losses were pegged at R100 million ($6.1 million USD).

An alaysis by the inspectors revealed that PIT’s trial balance recorded operating losses with no investment growth.

This meant there was a real risk that the only potential source of financing the loss was through investor funds.

I wasn’t able to track any further updates beyond 2018. /end update

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

Not content with spreading lies about registering their Ponzi scheme with the SEC, USI-Tech and their affiliates are spreading porky pies about a contract with BitFury.

For those unfamiliar with the company, BitFury claim to be a “full service Blockchain technology company”.

The Bitfury Group develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the Blockchain.

USI-Tech marketing material promoting a $70 million dollar deal between the company and BitFury began circulating about three days ago. [Continue reading…]