Nexus Global operate in the cryptocurrency MLM niche and is headed up by Founder and CEO, Christian Michel Scheibener.

A corporate address in Hong Kong is provided on the Nexus Global website. Further research however reveals a number of virtual office providers operating from the same address.

On his Facebook profile Christian Scheibener claims to be living in Malaga, Spain.

It is highly likely that Nexus Global is thus also being operated out of Spain. This would mean the company exists in Hong Kong in name only.

Christian Scheibener (right) first appeared on BehindMLM as the owner of the Omnia Tech website domain.

Omnia Tech launched mid last year and provide unregistered securities under the guise of non-existent cryptocurrency mining contracts.

Prior to launching Omnia Tech Scheibener was promoting Wor(l)d International.

Promotion of Nexus Global began in March, 2018. When Scheibener left Omnia Tech is unclear.

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

A serial scammer has been fired following revelations she tried to recruit students into dubious MLM schemes. [Continue reading…]

Mining Capital Coin provide no information on their website about who owns or runs the business.

The Mining Capital Coin website domain (“miningcapitalcoin.com”) was privately registered on January 30th, 2018.

Marketing material on the Mining Capital Coin website claims ‘the company’s office located in Boston, Mass.‘

The native language of the Mining Capital Coin website is Portuguese and the compensation plan references the Brazilian Real.

Thus it is highly likely that whoever is running Mining Capital Coin is actually based out of Brazil.

The SEC’s shutdown of TelexFree however taught us that Massachusetts has a large Brazilian migrant population, so it can’t be ruled out as a possibility.

Update 2nd May 2018 – A marketing video published two months ago reveals Jr. Caputti is CEO of Mining Capital Coin.

Caputti speaks with a heavy Brazilian accent but appears to frequently travel between Brazil and Boston, Massachusetts.

On his Facebook profile, Caputti claims to be a former officer at the US Department of Homeland Security. He also claims to have worked for the Massachusetts Department of Education.

Earlier today Caputti was on Facebook boasting about purchasing a new Porsche:

/end update

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

Bitcoin Trading World provide no information on their website about who owns or runs the business.

The Bitcoin Trading World website (“bitcointradingworld.com”) was first registered on May 31st, 2017.

Warning: At the time of publication the Bitcoin Trading World website hosts a cryptocurrency mining hijacker.

If you visit the site without adequate virus protection your browser and CPU will be hijacked by the website operators. /end warning

The Bitcoin Trading World domain registration details were last updated on April 25th, 2018, which is likely when the current owner(s) took possession of it.

The domain registration itself is set to private, providing no information about who owns it.

Marketing copy on the Bitcoin Trading World website states the company is “powered by Dragon Tech Mining”.

Dragon Mining Tech was set up as part of the Bitcoiin B2G altcoin pump and dump scam.

Bitcoiin surfaced back in January and by March had attracted the attention of securities regulators in New Jersey and Tennessee.

This prompted Bitcoiin’s owners to pull an exit-scam, causing investor losses in excess of $75 million dollars (estimated).

Other than Bitcoiin and Dragon Mining Tech having ties to China, who owns and runs the scheme has never been disclosed.

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…]

Roughly nine months ago a lawsuit was filed against Visalus alleging securities fraud.

Allegations in the lawsuit pertain to Visalus’ Founders Equity Incentive Plan, through which an estimated $15 million was invested in virtual shares.

Those who invested were promised shareholder status and “dividend payments”, which never materialized.

The lawsuit is an attempt by three Visalus investors, who collectively lost tens of thousands of dollars, to get an answer as to where their money went.

Rather than come clean and work to redress investor losses, Visalus are fighting the lawsuit.

On October 27th Visalus filed a Motion to Dismiss, alleging the affiliate plaintiffs “failed to state a claim upon which relief can be granted”.

A hearing on the motion was held on February 20th and a decision reached and published on April 5th. [Continue reading…]

Before he turned to the MLM cryptocurrency niche to scam people through, Frank Dilullo ran a Ponzi scheme through his failed Holey Donuts venture.

As part of Chapter 7 proceedings, a court-appointed bankruptcy Trustee sued Dilullo for running a Ponzi scheme.

The Holey Donuts Ponzi scheme saw Dilullo (right) continue to solicit new investors even though he knew the company was insolvent.

As alleged by the Chapter 7 Trustee;

In essence, Dulillo was engaged in a Ponzi scheme, using sales to new investors to pay off, in whole or in part, old investors and himself.

As part of adversary proceedings in the bankruptcy case, the Chapter 7 Trustee filed for Default Judgment against co-defendant Oliver Zong. [Continue reading…]

EthTrade Club provide details of an executive team on their website.

As below however, images used to represent EthTrade Club’s executive team are stolen from Fivver members:

One can safely assume the names provided for EthTrade’s executives also don’t exist.

The EthTrade Club website domain (“ethtrade.club”) was privately registered on January 6th, 2018.

At the time of publication Alexa estimate that over 50% of traffic to the EthTrade website originates out of Spain.

This suggests that whoever is actually running EthTrade might be based out Spain too.

Update 7th September 2018 – Jonathan Martin  (aka Jonathan Marti) has emerged as a prominent EthTrade Club insider.

Martin features in official EthTrade Club corporate marketing videos. He has also hosted official EthTrade Club events in Spain.

At the time of publication nobody has been identified higher than Martin within EthTrade Club’s corporate structure. For all intents and purposes Martin appears to be running the company.

Prior to EthTrade Club, Martin was promoting the AiYellow pyramid scheme. /end update

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…]

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

The LiteTrade website domain (“litetrade.org”) was privately registered on December 19th, 2017.

LiteTrade provide a UK incorporation number on their website, which corresponds with LiteTrade Limited.

The address used to incorporate LiteTrade Limited actually belongs to London Office, a virtual office services merchant.

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…]

With OneCoin promotional activity dead in all but the most third-world’est of countries, one could easily gain the impression that nothing much going on at a corporate level.

Not so.

Just last month OneCoin corporate was busy setting up a new wave of shell companies to cover their tracks through. [Continue reading…]

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

The CEO of PowerLoan is cited only as “Johan” and likely doesn’t exist.

The PowerLoan website domain (“powerloan.io”) was privately registered on January 22nd, 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…]