A bail application has surfaced, suggesting LEO President and CEO Dan Andersson may have been arrested in Pakistan.

The writ petition in question was filed on July 11th by Dan Gunnar Bjarne Andersson.

A hearing was held on August 13th and the case has been adjourned until August 27th, with no further specific details provided. [Continue reading…]

At the time of publication Finish Line Network doesn’t appear to exist outside of an email capture page.

Finish Line Network affiliates are redirecting recruits to “lockinyourprofits.com”, a domain privately registered on May 14th, 2018.

Visitors to the Lock In Your Profits domain are presented with a standard “hand over your details for more info” capture page.

Upon signing up, a confirmation email from “team(at)finishlinenetwork.com” is received:

At the time of publication the “finishlinenetwork.com” domain redirects to Traffic Authority.

BehindMLM reviewed Traffic Authority in 2015.

Owned by Greg Chambers, Doug Wellens and Chad Stalvey, Traffic Authority was a reboot of the collapsed Infinite Leverage System pyramid scheme.

Alexa traffic estimates for the Traffic Authority website show a flatline for most of 2017. There was a spike around late April this year, followed by another decline.

Finish Line Network appears to be yet another reboot of the Traffic Authority business.

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

Update June 15th 2019 – Following publication of this article, it has come to light that while Derrick Keller appeared in Eagle Gates Group marketing videos, he didn’t play Eddy McClough.

The actor who played Eddy McClough is still at large. /end update

Eagle Gates Group CEO “Eddy McClough” has been outed as Derrick Matthew Keller.

Keller, a US citizen, was arrested by Thai officials on Monday. [Continue reading…]

If you need a prime example of the incestual slime that oils the MLM underbelly, look no further than iMarketsLive’s recently filed lawsuit against Copy Profit Success Global. [Continue reading…]

Authorities in Switzerland and Austria have issued investment warnings against AladinCoin. [Continue reading…]

Over four years since the SEC filed suit against Faith Sloan, a trial date has now been set. [Continue reading…]

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

The Edu Swarm website domain (“eduswarm.com”) was privately registered on April 27th, 2018.

Further research reveals Edu Swarm marketing videos in which Bobby Cannata cites himself as owner of the company.

Up until recently Cannata was a prominent Market America affiliate. In July 2017 Cannata celebrated 25 years with the company:

Whether Cannata is still a Market America affiliate is unclear.

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

Dominant Finance operates in the financial MLM niche and is headed up by President Thomas Eklundh.

According to Eklundh’s Facebook profile he’s based out of Gothenburg, Sweden. There are a few photos of Eklundh on the profile so he, or at least the person playing him, appears to be an actual person.

I say this because there’s a potential red-flag in that the Thomas Eklundh Facebook profile was only set up on April 30th, 2018.

A few marketing meme type posts were made, before Eklundh (right) began promoting Dominant Finance on June 7th. This is not typical Facebook profile activity of an actual person.

Supporting this is the fact that “Thomas Eklundh”, as represented on the Dominant Finance website, doesn’t appear to exist anywhere on the internet prior to 2018.

There is another suspicious “Thomas Lucas Eklundh” Facebook profile featuring the same person, which again has no actual content until March 2018. After which it’s again nothing but Dominant Finance promotion.

A point of interest is the Thomas Lucas Eklundh Facebook profile states Eklundh lives in Chicago, Illinois.

Update 1st January 2019 – As suspected, Thomas Eklundh doesn’t exist. He is being played by someone going by “Sander Lime” on Facebook:

Lime’s real name appears to be Sander Sellin. In an October 2018 interview with Buduaar, Sellin is cited as the Artistic Director of the Ballet Royal Gala.

As per Sellin’s Facebook profile, he is based out of Tallin, Estonia. Why he is fronting Dominant Finance is unclear. /end update

On their website, Dominant Finance provides incorporation certificates for Belize, the UK, Hong Kong, the US and Russia.

We’ll preemptively discard Belize, the UK and Russia, because incorporation in these jurisdictions is practically meaningless.

The Hong Kong certification is an 18th May one-page incorporation document for “Dominant Holdings Limited”.

There doesn’t appear to be anything behind the incorporation other than the minimum requirement of filing some paperwork.

The US incorporation for “Dominant Finance LLC” in Florida. There’s a gun range at the address provided (different suite) but not much else.

A “Dmitri Garusov” is cited as the registered agent on the incorporation document. Garusov is cited as an Executive Director of the company on the Dominant Finance website.

A Facebook profile bearing the name Dmitry Garusov was set up on or around April 27th, 2018. Most of the content is in Russian.

Outside of that there’s nothing connecting Garusov to Dominant Finance. Like Thomas Eklundh, he doesn’t appear to have existed prior to early 2018.

At the time of publication Alexa cite Russia as the largest source of traffic to the Dominant Finance website (26%).

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…]

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…]