The Health Wealth Club website names Edwin Ramos as admin of the company.

Ramos is based out of the Philippines and first popped up on BehindMLM’s radar in 2014, as admin of Blessing4All.

Blessing4All was a short-lived pyramid Ponzi hybrid.

In 2016 Ramos (right) launched Royalty Crowdfunding, a seven-tier cash gifting scheme.

Earlier this year in April Ramos was promoting My Global Negocio, which appears to be a nutrition based MLM. My Global Negocio marketing cites Edwin Ramos as co-owner of the company.

At the time of publication the My Global Negocio website is offline, suggesting the company has since collapsed.

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

Crypto Bit Trade provide no information on their website about who owns or runs the business.

Linked off the Crypto Bit Trade website is the company’s compensation plan however, which names Joe Yagudaev and Ramon Escalera as co-founders of the company.

Ramon Escalera (right) first popped up on BehindMLM’s radar last year, as admin of the 25 Dollar Legacy pyramid scheme.

After 25 Dollar Legacy collapsed, Escalera returned with Platinum World Team Build.

Platinum World Team Build is a Ponzi scheme offering a $166,800 ROI on $100 investments.

Alexa traffic estimates for the Platinum World Team Build website show s sharp decline since June, suggesting it has collapsed or is in the process of collapsing.

As I write this and somewhat curiously, a few hours ago on Facebook Escalera was promoting Nspire Network.

Joe Yagudaev (aka. Joseph Yagudaev) launched Elite Profit System about a year ago.

Elite Profit System is a pyramid scheme, through which participants gift each other $500 to $25,000.

Alexa traffic estimates for the Elite Profit System website show little to no interest throughout 2016. In 2017 there was a spark of activity in May but by mid-July Elite Profit System traffic was plummeting again.

The collapse of both Platinum World Team Build and Elite Profit System has likely prompted Escalera and Yagadaev to team up and launch Crypto Bit Trade.

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

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

The Penny Cyclers website domain (“pennycyclers.com”) was privately registered on July 25th, 2017.

The official Penny Cyclers Facebook group has one admin, Dan Haltom.

Haltom (right) is based out of the US and has been promoting MLM underbelly scams for a number of years.

In the past year alone he’s promoted the My Cycler, Unicorn Adz, Pacific Ads and Cryptocurrency Bank MLM Ponzi schemes.

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

The UK’s small claims court is available to the public for recovery of funds not exceeding £10,000 GBP ($13,000 USD).

Not willing to take the collapse of My Advertising Pays lying down, an affiliate is using the court in an attempt to recover over £4000 GBP in losses ($5200 USD). [Continue reading…]

MLM affiliates receiving giant oversized commission checks means different things to different people.

Prospective affiliates might see a window of opportunity, a chance to better themselves financially.

Existing affiliates might take it as a kick up the butt and commit to their business with newfound focus and enthusiasm.

A regulator might see income claims used to market the company and decide to investigate further.

Personally I’ve come to wonder at the stories behind the checks. Who are the people that made it possible? Were they customers? Were they affiliates?

Behind every dollar written on one of those checks is a story. But unfortunately more often than not those stories go untold.

Through a class-action lawsuit filed a few days ago against Visalus however, rare insight into how one such check receiver built their business is revealed. [Continue reading…]

When Italy’s Antitrust and Consumer Protection Authority (AGCM) banned promotion of OneCoin last year, OneCoin responded with pseudo-compliance nonsense.

Not surprisingly, the AGCM took no notice and pressed ahead with their investigation. Eventually declaring OneCoin to be a “deceitful Ponzi scheme”, banning the company outright and last week, slapping it with a €2.5 million euro fine.

Unlike Ruja Ignatova’s criminal charges in India, extensive media coverage has left OneCoin unable to ignore the AGCM’s pyramid scheme fine.

Despite the AGCM banning OneCoin showing that they weren’t interested in pseudo-compliance, OneCoin’s answer to the pyramid scheme fine is more of the same. [Continue reading…]

MLS Bitcoin Club provide no information on their website about who owns or runs the business.

The MLS Bitcoin Club website domain (“mlsbitcoinclub.com”) was registered on May 4th, 2017.

Darry Perkinson of WBI Enterprises LLC is listed as the owner, with an address in the US state of Georgia also provided.

MLS Bitcoin Club appears to have first launched about six months ago as MLS International BitCoin Club.

Prior to launching MLS International Bitcoin Club Perkinson (right) was promoting Conversion Pros, a lead generation business.

MLS stands for “Massive Leverage System”, a company Perkinson launched a while back.

On its website MLS claims to be a “private community” and promises to “deliver $10,000.00 (or more) in recurring income”.

MLS’ marketing pitch sees the company claim it teaches members how to

• build cash flow and create generational wealth through education
• rent out your stocks and
• buy & sell gold / cryptocurrency

It is assumed MLS Bitcoin Club forms part of MLS’ bitcoin offering.

Other MLM opportunities Perkinson has promoted include OneCoin (Ponzi scheme) and Karatbars International (pyramid scheme).

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

The trouble with MLM companies offering shares is that such undertakings are rarely done within the required legal framework.

If a new class-action lawsuit is to be believed, Visalus’ Founders Equity Incentive Plan is a typical example of why any internal MLM company share offering should be approached with nothing less than extreme caution. [Continue reading…]

Bit90x provide no information on their website about who owns or runs the business.

The Bit90x website domain (“bit90x.com”) was privately registered on April 17th, 2017.

At the time of publication, Alexa estimate that 74% of traffic to the Bit90x website originates out of the US. India is the second largest source of traffic, coming in at 15%.

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…]

Mindset 24 Global operate in the personal development MLM niche and are headed up by co-founder and CEO, Brian McLane.

Mindset 24 Global do not disclose who the other co-founders of the company area on their website.

A mailing address in the US state of Kentucky is provided, although whether this is where Mindset 24 Global is operated from or not is unclear.

In 2010 Brian McLane co-founded Bellamora International and served as Chief Marketing Officer.

Bellamora purportedly signed up over 50,000 affiliates during prelaunch, only to spectacularly collapse in 2011 following the departure of several key executives.

McLane (right) was one of those who left the company, and went on to promote $1000 A Week For Life with Kevin Harrington.

$1000 A Week For Life was a $49.95 matrix-based recruitment opportunity. Although it was marketed on its own name, $1000 A Week For Life was part of David Rosen’s Money Tree International.

Of note is Kevin Harrington featured as a “marketing partner” on the Mindset 24 Global website.

In 2015 McLane founded Safe ID Trust, an MLM company that marketed identity restoration and recovery services.

Today the Safe ID Trust website domain is non-responsive. The company’s official Facebook profile was wiped off the internet a few months ago.

Read on for a full review of the Mindset 24 Global MLM opportunity. [Continue reading…]