Back in 2015 a Town Councillor attempted to push Lyoness onto residents of Hailsham, a town in East Sussex, England.

Upon other members of Hailsham council learning of the Lyoness AU investment Ponzi scheme, the project was suspended indefinitely.

Two years later, a Town Councillor in another English town has pulled the same ruse. [Continue reading…]

With efforts to secure quick judgment knocked back and there not being much of a company left to fight for, it was pretty obvious Chris Principe’s OneCoin defamation lawsuit wasn’t going to trial.

Following the denial of an entry for default and harassment injunction, Principe’s defamation lawsuit was sent to mediation back in January.

On April 2nd a Mediation Report was filed, stating that ‘the case has been completely settled.‘ [Continue reading…]

Trident Crypto Fund provide no information on their website about who owns or runs the business.

The Trident Crypto Fund website domain (“tridentcryptofund.com”) was privately registered on March 26th, 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…]

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

The CoinCome website domain (“coincome.info”) was privately registered on February 17th, 2018.

An incorporation number is provided on the CoinCome website, which corresponds with the UK incorporation of Corporate Optimal Income LTD on February 19th.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

At the time of publication Alexa cite Russia as the largest source of traffic to the CoinCome website.

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…]

PinCoin launched as a typical ICO lending Ponzi scheme back in February.

Investors were promised ROIs of up to 312% on investment into PIN points.

Not surprisingly, after soliciting $660 million from around 32,000 investors, PinCoin’s admins did a runner. [Continue reading…]

NewULife operate in the health and wellness MLM niche and are based out of California in the US.

The company is headed up founder Alex Goldstein.

Goldstein’s NewULife corporate bio cites him as a

certified homeopath, herbalist, respected iridologist, nutritional consultant (and) creator of many exclusive formulas.

The bio goes on to claim Goldstein took over the family business at age 18.

Store owner by day, college student by night, Goldstein mastered and expanded his retail business.

Soon, he began researching the products he was selling and wondered if he could develop his own line to higher standards and answer particular customer needs.

After he graduated, Goldstein “went back to school” and became a Certified Homeopath and Certified Herbalist.

His new comprehensive knowledge of the human body, combined with insights gained from customer interactions, highlighted gaps in the marketplace.

This led him to launch Natural Life Foods, a line of natural, premium nutraceutical products the company retails online and in their California stores.

The beginning of what sprouted the rest of the phenomenal quality companies to follow.

One of those companies in NewULife, launched by Goldstein earlier this year.

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

Spain’s top securities regulator, the National Securities Market Commission (CNMV), has issued a securities fraud warning against USI-Tech. [Continue reading…]

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

The iGoCrypto website domain (“igocrypto.com”) was privately registered on November 2nd, 2017.

Further research reveals iGoCrypto marketing material naming Chris Kellar (CEO) and Clinton Aragona (President) as co-founders of the company.

Other than an “I’m obviously new to the industry” YouTube video from four years ago, I was unable to put together an MLM history for Kellar.

Clinton Aragona (also goes by “Clinten Aragona”) first appeared on BehindMLM as co-founder of Lead System Network.

Launched in mid 2014, Lead System Network was a matrix-based cash gifting scheme.

Alexa traffic estimates show a steady decline in traffic to the Lead System Network website throughout 2017.

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

Simply Blessed Global provide no information on their website about who owns or runs the business.

The Simply Blessed Global website domain (“simplyblessed.global”) was privately registered on March 19th, 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…]

An ongoing investigation into Detail MaxiNet has confirmed it operated as a Ponzi scheme.

Turkish authorities shut down Detail MaxiNet under suspicion of fraud about two weeks ago. [Continue reading…]