Along with “someone died”, suddenly getting struck down by a mysterious illness, hackers and DDOS attacks, “we’re too big for business” is as clichéd of a delayed payment excuse as they come.

Not surprisingly, following months of promises this is what USI-Tech support are now telling investors. [Continue reading…]

CGI Limited appear to be the parent company of Coinsinos, a self-contained MLM opportunity.

The two companies have near-identical websites, so to keep things simple I’m going to refer to the opportunity as “Coinsinos”.

Coinsinos operate in the cryptocurrency and gaming MLM niches. The company does not provide a corporate address on their website.

The Coinsinos website domain (“coinsinos.com”) was privately registered on November 11th, 2017.

Listed as co-founders of the company on the Coinsinos website are Lorence Irvine (CEO) and Daniel Grenon (Chief Marketing Officer).

Lorence Irvine (right) is based out of the Philippines. Prior to founding Coinsinos Irvine was Zija International’s Country Director for the Philippines.

Today Irvine cites himself on Facebook as a “Company Advisor for Zija International”.

Daniel Grenon meanwhile was heavily involved in the OneCoin Ponzi scheme.

Grenon was a top Canadian OneCoin investor but left the company following his reported arrest in Tanzania at a OneCoin event in late 2016.

After OneCoin Grenon launched Worldwide Cryptocurrency Investment with Edward Hartley.

Following Hartley’s death in July, 2017, Grenon renamed the company Worldwide Cryptocurrency International.

Today the company is known as World Cryptocurrency International and markets itself as “a program you can trust”.

The company still operates as a Ponzi scheme, however Daniel Grenon does not appear on World Cryptocurrency International’s “WCI-team” website page.

Grenon was still actively promoting WCI as late as December, 2017. Whether he is still involved in the company is unclear.

Prior to getting involved in cryptocurrency Ponzi schemes, Grenon was a top affiliate of Organo Gold.

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

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

The SaxoCoin website domain (“saxocoin.io”) was privately registered on January 4th, 2018.

A virtual office address owned by ServCorp in Hong Kong is provided on the SaxoCoin website.

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…]

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

The PrimeLend website domain (“primelend.io”) was privately registered on December 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…]

The latest MLM company to jump on the pointless altcoin launch is Karatbars International.

For those unfamiliar with the company, Karatbars International combines pyramid recruitment with a token gold offering.

While gold is available for purchase through the company, the focus of the compensation plan is getting people to sign up with affiliate packages.

You wouldn’t know that from visiting the Karatbars International website though, as the company is notoriously secretive about its MLM business opportunity. [Continue reading…]

Following a request for briefings on the duties and powers of the appointed Traffic Monsoon Receiver, an amended order has been filed. [Continue reading…]

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

The BeeCash website domain (“beecash.co”) was registered on November 28th, 2017.

“Beecash coin” is listed as the owner with what appears to be bogus details (eg. “Registrant City: United Stage”).

Official BeeCash marketing videos are narrated with a thick European accent. This suggests that whoever is running the company is likely also based out of Europe.

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…]

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

The Bitron website domain (“bitron.io”) was privately registered on January 1st, 2018.

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…]

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

The QatarCoin website domain (“qatarcoin.co”) was privately registered on November 19th, 2017.

Despite the name, it appears QatarCoin has nothing to do with Qatar.

At the time of publication Alexa estimate Nigeria (20%) and India (11%) are the top two sources of traffic to the QatarCoin website.

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…]

FirstCoin are set to have their FRST altcoin dumped from the LiveCoin exchange, following the revelation the company is under police investigation in “at least 2 countries”. [Continue reading…]