In a March 5th YouTube video titled, “GLAD I DON’T KNOW WHO’S BEHIND BITCONNECT”, top investor Trevon James has confirmed the FBI are investigating BitConnect. [Continue reading…]

As of yet I don’t have any news on the outcome of the scheduled preliminary injunction hearing today.

As per the FTC vs. Digital Altitude case docket over the past week or so though, here’s what we do know. [Continue reading…]

Hourlyer provide no information on their website about who owns or runs the company.

The Hourlyer website domain (“hourlyer.com”) was privately registered on January 24th, 2018.

Hourlyer claim to be incorporated in the UK and provide an incorporation certificate for “Hourly Limited”.

Hourly Limited was incorporated in the UK on March 14th, 2017. Whether the company actually has anything to do with Hourlyer though is unclear.

In any event UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

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…]

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

The Hour Grows website domain (“hourgrows.com”) was privately registered on January 12th, 2018.

On their website Hour Grows claims to be incorporated in the UK;

In 2016 we were incorporated in London under the name Hour Grows LTD.

A search of the UK Companies House database however reveals no such incorporation exists.

Based on this, the London corporate address is provided on the Hour Grows website is assumed to have nothing to do with the company.

At the time of publication Alexa estimate that 75% of traffic to the Hour Grows website originates out of Spain.

This strongly suggests that whoever is actually running Hour Grows is also based out of Spain.

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…]

To hear Bitqyck affiliate Scott Brewster tell it, cryptocurrency mining is illegal in the US.

[18:00] The North American structure, the government and the laws and everything, makes it difficult to impossible to pay miners for introducing mining to other people.

What Brewster is referring to is the offering of an unregistered security, which is of course illegal in the US.

Within the context of MLM cryptocurrency mining, affiliates invest funds with a company and receive a passive ROI, purportedly generated via cryptocurrency mining.

There’s nothing illegal about it, provided the company registers its securities offering with the SEC and is 100% transparent about generated mining revenue.

For some reason Bitqyck don’t want to operate legally in the US though and instead, according to Brewster, plan to offer unregistered securities via Asia. [Continue reading…]

Despite a number of them collapsing, people are still throwing money at lending ICO Ponzi schemes.

Like the others, Falcon Coin was heavily promoted as a reload scam after BitConnect, the first ICO lending Ponzi, collapsed.

A few hours ago the Falcon Coin website went dead. [Continue reading…]

Coiner Ex provide no information on their website about who owns or runs the company.

The Coiner Ex website domain (“coiner-ex.com”) was privately registered on January 6th, 2018.

In the “about us” section of their website, Coiner Ex provide an incorporation certificate for “Coiner Ex Limited”.

Coiner Ex Limited was incorporated in the UK on January 12th, 2018.

Further research reveals the London address used to incorporate Coiner Ex Limited actually belongs to Alami International.

On their website Alami International state they are an importer and exporter of “a comprehensive range of products”.

As far as I can tell, Alami International has nothing to do with Coiner Ex Limited.

Coiner Ex Limited has one Director, Felix Butler.

No information outside of the Coiner Ex Limited incorporation ties Butler to the company.

This strongly suggests he does not exist.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

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…]

Bitcoin Invest provide no information about who owns or runs the company on their website.

The Bitcoin Invest website domain (“bitcoininvest.cc”) was privately registered on November 2nd, 2017.

On their website Bitcoin Invest provide an incorporation certificate for “Bitcoin Finance LTD”.

Bitcoin Finance LTD was incorporated in the UK on April 7th, 2017.

Whether the company has anything to do with Bitcoin Invest is unclear.

In any event UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

At the time of publication Alexa estimate Brazil accounts for 50% of traffic to the Bitcoin Invest website.

This suggests that whoever is running Bitcoin Invest is also likely based out Brazil.

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…]

Modere have terminated business operations across most of Asia, leaving Japan standing as the company’s sole surviving market across the continent.

The news slipped under the radar until I became aware of it via a tip from one of our readers.

As best I can tell, Modere made the announcement either in late 2017 or early 2018.

Modere’s business operations were formally wound up in Korea, Thailand, Hong Kong, Taiwan, Singapore and Malaysia on January 31st, 2018. [Continue reading…]

`In a video titled “My court date is March 16th 2018”, Trevon James has confirmed a BitConnect government investigation and lawsuit. [Continue reading…]