Diamond Reward Review: “Trading bot” ICO lending Ponzi
Diamond Reward provide no information on their website about who owns or runs the business.
The Diamond Reward website domain (“diamondreward.io”) was privately registered on November 25th, 2017.
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…]
Top BitConnect investor instructs circumvention of Texas cease & desist
In addition to everyone in the MLM cryptocurrency niche being crypto experts these days, turns out they’re all legal experts too.
Trevon James operates a YouTube channel boasting 129,000 subscribers.
Within hours of news of the Texas Securities Board emergency cease and desist to BitConnect going live, James uploaded a video to his channel titled “Texas BitConnect Cease and Desist”. [Continue reading…]
BitConnect securities fraud cease and desist issued in Texas
While the SEC drags its feet, Texas continues to lead the charge against MLM cryptocurrency fraud in the US.
The latest from the Texas Securities Board is an emergency cease desist issued against BitConnect. [Continue reading…]
FTC issues 2018 guidance on MLM pyramid schemes
New year, new guidance from the FTC on MLM pyramid schemes.
Sort of…
In a January 4th “offer of business guidance concerning multi-level marketing”, the FTC has attempted to clarify common questions and concerns related to MLM and pyramid schemes. [Continue reading…]
Chris Principe denied injunction in OneCoin defamation case
Last October Chris Principe filed a motion requesting a harassment order against defendant Timothy Curry.
Principe argued that Curry was harassing him and requested the court prohibit him from doing so.
Specifically, Principe wanted to
enjoin Curry from “[c]ontacting [Principe], either directly or indirectly, by any means, including but not limited to, by telephone, mail, email, social media, or other electronic means”; from “[p]ublishing [Principe’s] name in any media whatsoever”; and from “[c]ontacting any of [Principe’s] known business associates concerning [Principe] in any manner or with respect to any topic concerning [Principe].”
The length of the injunction sought was five years.
Upon consideration of Principe’s motion, Curry’s opposition, Principe’s response and oral arguments from both parties, on January 3rd Principe’s motion was denied. [Continue reading…]
USI-Tech top investor is an Ass. Professor of Business at a US college
Predating the launch of their BTC package Ponzi scheme, David Frost was a prominent fixture in USI-Tech marketing.
Often appearing alongside Master Distributors Dan & Patti Hunt, Frost appeared in USI-Tech marketing videos and co-hosted company events.
Here’s the thing though – in addition to being high up the USI-Tech investor chain, David Frost is also Associate Professor of Business at Bethany College.
And word on the street is Frost isn’t above recruiting students into USI-Tech. [Continue reading…]
Chrysos Coin Review: CHR points ICO lending Ponzi
Chrysos Coin provide no information on their website about who owns or runs the business.
The Chrysos Coin website domain (“chrysoscoin.com”) was privately registered on December 14th, 2017.
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…]
Appi Travels Review 2.0: Travel recruitment, now with bitcoin gifting
Appi Travels launched in 2016 and combined travel booking with pyramid recruitment.
The company is still headed up by Danny Gauthier, who previously launched the Ultamex and Wealth Podium pyramid schemes.
Sometime in the second half of 2017 Appi Travels modified their compensation plan.
A BehindMLM reader recently noted the change, prompting a new Appi Travels review. [Continue reading…]
HextraCoin ICO lending Ponzi collapses, blames “hackers”
HextraCoin is one of the earlier ICO lending Ponzi schemes to launch in 2017.
Almost to the day their initial ROI maturity period would have ended, HextraCoin has suspended ROI payments. [Continue reading…]
BitGlare Review: “Trading software” MLM ICO lending Ponzi
BitGlare provide no information on their website about who owns or runs the business.
BitGlare claim to have been “found in Oct 2016 by a group of experts in volatility trading software”, however the company website (“bitglare.com”) was only registered on November 30th, 2017.
The BitGlare domain was registered privately and provides no information about company ownership.
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…]
