iCenter caught out in Genesis Mining partnership lie
iCenter are claiming on their website that Genesis Mining is an “unofficial partner”.
Putting aside what that even means for just a moment, Genesis Mining have responded by confirming “no partnership” exists. [Continue reading…]
Luvv Review: Love as an MLM product?
Luvv provides no information on their website about who owns or runs the business.
The Luvv website does feature a marketing video, however the speaker of the video is not identified.
Further research reveals the speaker is Jeff Long, who in another Luvv marketing video credits himself as creator and co-founder of the company. The other Luvv co-founder(s) are not disclosed.
Jeff Long (right) first appeared on BehindMLM’s radar as the founder of AutoXTen, a recruitment scheme launched in 2011.
AutoXTen collapsed a few months after launch, with Long going to launch SMS Dailies. It too didn’t last long.
Long resurfaced in late 2015 with Get Paid Social, a Facebook spam pyramid scheme.
Get Paid Social went into decline throughout 2016, prompting Long to launch 1 Online Business in mid 2017.
1 Online Business combined a cycler Ponzi business model with social media spam. Alexa traffic estimates for the 1 Online Business show a brief hype period followed by a collapse leading into 2018.
Long launched and began promoting Luvv around April, 2018.
Read on for a full review of the Luvv MLM opportunity. [Continue reading…]
David Wood found in contempt in WorldVentures’ Texas case
Following WorldVentures’ filing of a contempt motion on July 27th, David Wood has been found in contempt of court.
The August 8th case docket states that WorldVentures’ attorneys attended the hearing. David Wood failed to make an appearance. [Continue reading…]
MOBE processor QualPay ordered to return $6.3 million in stolen funds
A request from Qualpay to keep $6.3 million stolen from MOBE victims has been denied.
The TRO in place against MOBE requires all funds related to the fraudulent business be turned over.
Rather than hand over the $6.3 million it processed for MOBE, Qualpay instead sought an exemption from the TRO.
The processor argued that should be required to return the funds, it faced “imminent insolvency”.
Qualpay used Synovus Bank to hold the funds, who separately also filed for an exemption from the TRO.
Both Qualpay and Synovus’ respective motions were heard on July, with a decision denying both motions made earlier today. [Continue reading…]
Five Winds & AGAM criminal investigations continue
Authorities in Russia and Kazakhstan are continuing to investigate the fallout of the collapsed Five Winds and Atlantic Global Asset Management Ponzi schemes. [Continue reading…]
Digital Altitude discovery contains “glaring omissions and inadequacies”
As of a Status Report filed by the FTC on August 7th, discovery provided by Digital Altitude, Michael Force and Mary Dee is riddled with “glaring omissions and inadequacies.” [Continue reading…]
Hodl Game Review: Nine-tier cryptocurrency Ponzi cycler
Hodl Game provides no information on its website about who owns or runs the business.
The Hodl Game website domain (“hodlgame.net”) was privately registered on July 13th, 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…]
AxeMediaTV Review: $39 a month pirated streams + recruitment
AxeMediaTV provides no information on their website about who owns or runs the business.
The AxeMediaTV website domain (“axemedia.tv”) was privately registered on May 3rd, 2018.
In their Privacy Policy and Terms of Service, AxeMediaTV provide a virtual office address in Las Vega, Nevada.
Update 13th August 2018 – Anthony Oxley is citing himself as CEO of AxeMediaTV on his LinkedIn profile;
As per his profile, Oxley is also CEO of Vicinity Ascent, a “modern, responsive real estate IDX & web solutions provider.”
Why this information isn’t provided on the AxeMediaTV website is unclear /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…]
Crypto BitClub Ponzi collapses, begs investors for more money
Crypto BitClub launched earlier this year on or around January.
The company was founded by Joe Yagudaev and Ramon Escalera, who last year launched the collapsed Crypto Bit Trade Ponzi scheme.
Crypto BitClub was basically a reload scam, touting a bitcoin mining and trading daily 1% ROI.
Like Crypto Bit Trade, no evidence of mining or trading was ever provided. Nor was Crypto BitClub registered to offer securities in any jurisdiction it operated in.
On the MLM side of things Crypto BitClub offered binary commissions of up to 30%.
Like most MLM cryptocurrency Ponzi schemes, Crypto BitClub stole a bunch of money from investors and then collapsed.
Now the company’s owners are begging for even more money. [Continue reading…]
BitConnect investor “detained, threatened and interrogated by the FBI”
Things are getting serious for BitConnect’s top promoters, as “Crypto Clover” found out upon returning to the US.
Crypto Clover (real name: Calen Powell), promoted BitConnect through his YouTube channel until it collapsed.
How much money Powell stole from BitConnect victims is unclear. Powell refers to himself as a “crypto nomad”, having sold most of his assets in the US earlier this year.
Powell travels across South East Asia, however he still returns to Seattle, Washington from time to time.
Powell’s latest visit home caught the attention of the FBI, suggesting there might be a federal BitConnect “person of interest” watchlist. [Continue reading…]
