Seemingly in response to Texas’ cease and desist, Nui has announced it is restructuring its affiliate offering.

We haven’t heard much from CEO Darren Olayan after he claimed securities regulation didn’t exist a few weeks ago.

Thus is was left to “Keystone Leaders” Jim Paré and Casey Combden to front affiliates. [Continue reading…]

Cloud mining company Genesis Mining found itself the recipient of a securities fraud cease and desist, as part of South Carolina’s crackdown on Swiss Gold Global.

Despite indicating they wouldn’t be challenging the notice, information was nonetheless submitted to the South Carolina Securities Division.

Based on this information, Genesis Mining’s cease and desist has been dismissed. [Continue reading…]

Having successfully overturned an ex parte TRO, defendants MaVie and Ariix have survived WorldVentures’ motion for a preliminary injunction. [Continue reading…]

Insight into how OneCoin seemingly manage to keep one step ahead of authorities has surfaced, courtesy of a District Court judgment in Germany.

The case involved a government tax official facing allegations he tipped off a friend about a money laundering investigation. [Continue reading…]

Multi-Buy World surfaced in early 2017 and are fast approaching the two-year period in which most online Ponzi schemes collapse.

The business appears to be winding down on schedule, following the company’s claim its bank accounts have been terminated. [Continue reading…]

CGI Limited surfaced earlier this year as new entry into the MLM cryptocurrency niche.

Combining unregistered securities with cryptocurrency gambling through Coinsinos, CGI Limited planned to operate via its betchips altcoin.

Since our February 2018 CGI Limited review, the company has rebranded itself as CGI Global.

Coinsinos appears to have been abandoned, with CGI Global touting millions through something called “Magellan International Alliances, Corp.” [Continue reading…]

A District Court in the Ostrobothnia region of Finland has approved the seizure of €179,000 EUR.

The order was made against a Finnish OneCoin affiliate, who is a suspect in a criminal case related to tax fraud. [Continue reading…]

As WorldVentures continues to pursue litigation in an attempt to stop those who leave from earning elsewhere, unpaid commissions has emerged as the primary reason for affiliate departures.

The latest development is the disturbing revelation that WorldVentures has “no timeframe” for unpaid commissions. [Continue reading…]

Triple Penny Crypto provide no information on their website about who owns or runs the business.

The Triple Penny Crypto website domain (“triplepennycrypto.com”) was privately registered on January 25th, 2018.

Despite its website domain only having been registered 6 months ago, Triple Penny Crypto claims to have been in business since 2010.

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…]

As I write this the Quaestor Solutions website is returning a database error.

Perusal of Google’s cache of the website reveals the website appears to still be under development.

The Quaestor Solutions website domain (“quaestor-solutions.com”) was privately registered on April 16th, 2018.

Further research reveals an official Quaestor Solutions webinar hosted by Keld Mathiesen. Mathiesen credits himself as Quaestor Solutions’ “Founding Master Distributor”.

In the webinar, Mathiesen cites Svend Rasmussen (right) as owner of the company.

Prior to launching Quaestor Solutions, Rasmussen was promoting IZEcoin through an affiliate opportunity called “20 Again”.

Here’s how Rasmussen pitched 20 Again on Twitter:

IZEcoin was a pointless altcoin launch that by all appearances has since flopped.

Going farther back, in 2015 Rasmussen was promoting the collapsed Global Currency Coin opportunity.

Both Keld Mathiesen and Svend Rasmussen are based out Denmark.

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