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

The MinerWorld website domain (“minerworld.com.br”) was first registered on September 7th, 2014. Cícero Saad Cruz is listed as the owner.

On July 23rd, 2017, Cruz (right) appears to have removed his contact details from the domain registration.

Further research reveals prior to the change, the MinerWorld domain registration listed an address in Mato Grosso, Brazil.

This is presumably where Cruz is located and from where MinerWorld is being operated from.

In MinerWorld marketing material Cruz goes by “Cicero Saad” and is credited as CEO and President of the company.

According to the website JusBrasil, Saad has been involved in a number of court cases over the past year.

As of late April/early May, Prosecutors in Paraguay are investigating MinerWorld for Ponzi fraud.

On August 8th it was revealed Brazilian Federal Police were also investigating MinerWorld under suspicion it was a Ponzi scheme.

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

Apriori Beauty launched in late 2009 and operate in the personal care MLM niche.

The company is based out of California in the US and headed up by co-founders Susan Twellman, Elizabeth Vervynck and Candace Keefe.

As per her corporate bio, prior to founding Apriori Beauty Twellman (right) worked for UPS and Quest Software.

I was very fortunate to also help take Quest public before leaving to start my own wealth management company that I still manage today, along with a wine procurement and storage facility.

Elizabeth Vervynck (right) ran a design and marketing business with her sister.

One of their clients was Arbonne, another personal care MLM company.

After my sister moved to Denmark and two years of focusing more and more time on this one client (not to mention repeated offers of employment), I decided to sideline my business and accept a full-time position.

Over the next 12+ years, I helped this once-small company grow from less than 100,000 independent Consultants in two countries to over a million in four.

I am also very proud of the fact that I was one of four named inventors on the patent for the original anti-aging skincare line that continues today as Arbonne’s best-selling brand.

Apriori Beauty became my next destined step. I love that I can do so much with it … the ability to positively affect people’s lives with products that not only help them to look and feel better, but can also open the door to personal success, should they choose to open it.

I see Apriori Beauty as a once-in-a-lifetime opportunity, not only for me, but for so many that love all things beautiful too.

Candace Keefe had served as Arbonne’s Vice President of Product Development, before leaving with Vervynch to found Apriori Beauty.

Keefe (right) left Apriori Beauty in 2012 amid an ongoing dispute about her position within the company.

As reported by Ty Tribble’s MLM Blog, Keefe at the time stated on Facebook;

I chose not to work with the continued illusion that I held a title I simply did not.

My partners voted me out of my title and the authority that the title held.

The “CEO” title in itself was of no importance to me, but the lack of ability to move forward in a positive and healthy direction was.

It was simply not what I signed up for, and something I was not going to keep fighting for the rest of my life.

About a month after leaving, Keefe filed a trademark infringement lawsuit against Apriori Beauty on July 17th, 2012.

Susan Twellman and Elizabeth Vervynck were named defendants in the suit, with Keefe detailing how and why she was outed.

The Company’s Operating Agreement provides the CEO with broad managerial powers and the right to access Company information.

However, Keefe was repeatedly denied access to the Company’s financial information by the other Principal Members and Principal Managers.

In 2011, Keefe discovered vague references in Company documents that appeared to refer to insider transactions of which she had no prior knowledge.

When Keefe requested the back-up documentation from Twellman, she was met with repeated delay in producing documents, and when documents eventually were produced they did not substantiate the insider transactions.

Keefe attempted to fulfill her fiduciary duties to the Company and her obligations to the Company’s investors by making a formal, written demand for documents directed to Tweilman.

Keefe alleges this prompted Twellman and Vervynck to hire outside counsel without consulting her.

For the next nine 6 months, the “Company’s” counsel took direction solely from Twellman and Vervynck, and never once either met with or spoke to Keefe (the Company’s Chairman and CEO).

The “Company’s” counsel repeatedly responded to Keefe’s information requests by sending letters parroting the self-serving positions of the insiders whose transactions were being questioned (without even asking Keefe for input), and by representing to Keefe that the requested documents had previously been produced (when they had not).

Over the next several months, the relationship between the Company’s Principal Members and Principal Managers continued to deteriorate.

In November, 2011, at a Manager’s meeting held (again without Keefe present), Tweliman and Vervynck voted to remove Keefe’s title as CEO.

Keefe learned of the decision several weeks later when the Company’s attorneys sent a letter to Keefe’s personal attorney, informing her counsel that Keefe was no longer authorized to use the title CEO, but that Keefe should not disclose that fact to the Company’s employees or consultants.

Keefe claims she ‘became increasingly alarmed at the direction of the Company and attempted to schedule a Manager’s meeting by notice dated May 23, 2012‘.

In the notice Keefe stated that if an agreement couldn’t be reached, Apriori Beauty was to immediately cease using her name, likeness and brand for marketing purposes.

After initially agreeing to attend, Twellman and Vervynck backed out.

On May 29th, 2012 Keefe resigned. Nonetheless Apriori Beauty continued to use her name, likeness and brand.

This prompted Keefe’s lawsuit, which was confidentially settled eight months later in March, 2013.

A few months after she resigned from Apriori Beauty, Keefe was appointed CEO of Bioceutica – a position she still holds.

Today there is no mention or acknowledgment of Candace Keefe on the Apriori Beauty website.

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

In what is shaping up the be the latest MLM attorney blunder, the law firm Hart & David have purportedly put their stamp of approval on USI-Tech.

For those unfamiliar with the company, USI-Tech initially combined pyramid recruitment with an automated forex trading platform.

USI-Tech affiliates deposited €600 EUR on the promise of an entirely automated and passive ROI. [Continue reading…]

In what appears to be a followup to their initial warning back in March, Belize’s International Financial Services Commission has issued a second warning against OneCoin. [Continue reading…]

NWorld, also known as Alphanetworld Corporation, was founded in the Philippines in 2015.

The company is registered with the Philippine SEC and appears to be up to date with their registration filings.

NWorld operates in the personal care MLM niche and is headed up by President and CEO, Juluis Nolasco (right).

According to Nolasco’s NWorld corporate bio, he

stumbled upon MLM … more than 15 years ago.

I saw how this great opportunity affords people, regardless of age, gender, socioeconomic status and educational background, a fair and promising means to make their lives better.

I took the leap of faith and soon found myself engross with this business.

I started as an agent; a distributor or member as popularly called by many.

I engaged and gave myself to this industry. I focused my energy and passion on my goals.

I climbed up the ladder of success to becoming one of the youngest and most decorated top producers of those companies I was engaged with.

Soon enough, my talent was given further recognition when I was offered a top executive post and to be a co-owner of an MLM company.

Being an MLM practitioner, an MLM top executive and an owner at the same time gained me some of the most intensive and comprehensive experiences that brought me success feat both here and abroad.

I have managed local and foreign companies in several countries, in different time zones and business setups.

The reasonably gratifying wealth I have made and the influence that I wield in this industry came as a bonus.

The day has come when Providence took its course and rewarded me my own MLM company.

The prior company Nolasco is referring to is Royal Business Club.

Royale Business Club was also based out of the Philippines and marketed personal care products and nutritional supplements.

During Nolasco’s tenure as President, Royale Business Club was fined $8.13 million dollars for tax evasion in 2015.

In effect, Royal substantially underdeclared its correct taxable sales by 387% or P151.64 million ($3.43 million) in 2011; 122% or P129.69 million ($2.93 million) in 2012; and by 80% or P157.38 million ($3.56 million) in 2013.

Also charged for the same violations were its officers: Royale president Julius Allan Nolasco.

These charges appear to have prompted Royal Business Club to collapse, with the launch of NWorld taking place a few months later.

Read on for a full review of the NWorld MLM opportunity.

[Continue reading…]

Last we checked in the Zhunrize Receiver had sought approval for 2858 victim claim payouts, coming in at $41 million.

Zhunrize affiliates had initially filed for $99 million in losses, however $58 million in claims were deemed bogus.

On March 10th the Receiver’s request was granted, paving the way for victim claim distribution. [Continue reading…]

Other than claiming to be Xtreme Coin provide no information on their website about who owns or runs the business.

The Xtreme Coin website domain (“xtremecoin.com”) was privately registered on May 30th, 2017.

This is somewhat ironic, as Xtreme Coin claim it is run by “real people” who “believe in transparency and accountability”.

In an Xtreme Coin marketing video titled “Xtreme Coin Launch”, published to Darren Little’s YouTube channel, Ari Maccabi claims

[5:33] We found out the main owner of the business is actually the guy behind Ingreso Cybernetico.

Ingreso Cybernetico was a matrix cycler Ponzi scheme launched in 2014.

Alexa traffic estimates show a sharp decline from January earlier this year, strongly suggesting Ingreso Cybernetico has collapsed.

Ingreso Cybernetico was headed up CEO Dwayne Golden. At the time of publication however it’s unclear whether Golden is the “main owner” referenced by Ari Maccabi.

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…]

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

The LeaderBit website domain (“leaderbit.biz”) was privately registered on July 17th, 2017.

LeaderBit Limited was incorporated in the UK on July 21st, 2017.

The address used to incorporate LeaderBit Limited belongs to Corporation House, who provide company formation and virtual office services.

Eddy Smith is listed as the sole Director of LeaderBit, using the same virtual office address.

As such it’s highly likely that Eddy Smith doesn’t actually exist. LeaderBit Limited is little more than a shell company that exists in the UK in name only.

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…]

One of the lesser-known MLM Ponzi points schemes out there is Net Leaders.

Hitched to DasCoin and initially launched as Coin Leaders last year, Net Leaders is your typical Ponzi points scheme.

Net Leaders affiliates invest in DasCoin points on the typical “we’re gunna be the next bitcoin!” promises.

DasCoins to date are not publicly tradeable and are completely worthless outside of the Net Leaders MLM opportunity.

In what appears to be a blatant attempt at legitimacy by association, last week Net Leader affiliates began claiming future collaboration with the Maltese government. [Continue reading…]

BizNet operate in the forex and cryptocurrency MLM niche.

On the BizNet website Alexander Chebotarev (Technical Director) and Grigory Shemet (Marketing Director) are named co-founders of the company.

Other than referral by name in BizNet marketing material, no information on Chebotarev’s or Shemet’s MLM, forex or cryptocurrency trading histories exists.

The BizNet website domain (“biznet.pw”) was first registered on March 1st, 2016. The registration details were last updated on January 11th, 2017.

Grigoriy Shemet [sic] is listed as the owner, through an address in Saint Petersburg, Russia.

The BizNet website itself is hosted in Belize, an offshore tax-haven.

BizNet Group LLP was incorporated in the UK on March 20th, 2017.

Oleksandr Chebotarov and Grigory Shemet are listed as Directors. Chebotarov through an address in the Ukraine and Shemet the same domain registration address in Russia.

With BizNet having no physical business operations in the UK, it appears BizNet Group LLC is nothing more than a shell company.

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