Barrel provides no information on their website as to who owns or runs the business.

The Barrel website domain (“barrel.company”) was privately registered on August 10th, 2017.

In the “documents” section of their website, Barrel provides an Arkansas incorporation certificate for “American Barrel LLC”.

As per Arkansas Secretary of State records, American Barrel LLC was incorporated on October 13th, 2017.

The incorporation agent is Incorp Services Inc., who provide company incorporation services across the US.

Thus Barrel appears to be a shell company, with no actual physical operations in the US.

Broken English on the Barrel website suggests it was designed by a non-English native speaker.

Alexa meanwhile estimates over 30% of traffic to the Barrel website originates out of Russia (25.7%) and the Ukraine (5.8%).

It is highly likely that Barrel is in fact being operated out of one or both of these two countries.

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…]

Back in 2012 Young Living filed a trademark infringement lawsuit against doTerra.

doTerra claimed Young Living’s lawsuit was full of “baseless allegations” and part of ‘a sinister and desperate marketing campaign to try to halt doTERRA’s remarkable ascension‘.

In June 2017 Young Living’s claims were dismissed and they lost the case.

Said doTerra at the time through a press-release;

Not surprisingly, a jury of our peers found no merit in Young Living’s allegations and rejected every single one of Young Living’s claims for damages.

Young Living’s abuse of our judicial system in an effort to slander doTERRA is finally over.

Not content with just winning the case, doTerra pursued the matter as ‘a wasteful and conniving use of our country’s legal system‘. [Continue reading…]

Over the last month we’ve covered the addition of YouTube as a defendant in the BitConnect class-action filed in Florida.

Here’s our July update on the other BitConnect cases filed across the US. [Continue reading…]

Question: As a Ponzi cycler admin, what’s better than collecting the majority of invested funds through pre-loaded positions?

Answer: Not paying anyone and keeping all of the money for yourself.

Noble 8 Revolution’s admins have redefined the gullibility of Ponzi investors. Mark Campese and Blaine Williams have been collecting $25 membership fees since January, and to date haven’t paid out a cent to their affiliates. [Continue reading…]

Nui CEO Darren Olayan has taken to Facebook to claim the securities regulations behind a recently served cease and desist don’t exist.

Texas issued Olayan, Nui, Mintage Mining and Symatri with a securities fraud cease and desist on July 11th.

At a corporate level Nui has vowed to “vigorously defend” Texas’ alleged securities fraud violations, although what that specifically entails remains unclear.

Olayan’s bizarre regulation claim meanwhile was made in a Facebook video published a few hours ago. [Continue reading…]

The client relationship between Michael Force and his attorneys has reached breaking point, with all three requesting permission to withdraw from the case. [Continue reading…]

Although we’d caught wind of it a day before, yesterday Nui published it’s official response to the Texas cease and desist.

Following months of assurances that Nui, Mintage Mining, Symatri and the Kala altcoin had been signed off on by “top law firms in the US”, Texas issued the company with a securities fraud cease earlier this week on Wednesday. [Continue reading…]

With Eyeline Trading shaping up as the next USI-Tech, owner and CEO Dan Putnam is doing everything he can to prolong a US regulatory investigation.

The latest has seen Eyeline Trading demand affiliate investors remove any reference to the company in their marketing efforts. [Continue reading…]

Further cementing DagCoin as a clone of the OneCoin Ponzi scheme, comes the introduction of Success Factory.

Success Factory was announced back in March at a Dubai DagCoin rahrah gig for top investors.

Here’s how the spin-off is marketed on the official Success Factory website: [Continue reading…]

A few months ago we covered Amazing Living’s apparent unregistered securities offering.

So the offer went, a prepaid debit card was to be distributed to Amazing Living affiliates. Through use of the card, stock in an undisclosed company would be awarded.

The name of the company stock was to be issued from was not disclosed. And since the late April announcement, details of Amazing Living’s debit card stock offering have since been wiped from the internet.

Now the company is back with a new stock offering, tweaked and this time with a little more disclosure. [Continue reading…]