When Texas issued USI-Tech with a cease and desist and provide evidence of external ROI revenue, rather than do so the company hastily terminated operations in the US.

The problem with this decision however was that the US was by far USI-Tech’s largest source of investors, which also meant they were owed the most amount of money.

Unable to pay out their affiliates (that’s not how a Ponzi scheme works), USI-Tech has stalled on the matter since the decision to run from US regulators in early January.

This stalling saw the company hide behind the fiction that it was conducting an internal audit to root out fraud.

Perhaps the only thing more unbelievable than a Ponzi scheme supposedly auditing itself to ferret out fraud was the affiliates who went along with it.

A few weeks ago USI-Tech effectively ordered its affiliates to “shut up or else“. Hanging in the balance was the millions of dollars US affiliates are believed to have invested.

Having determined enough time has passed, USI-Tech has announced the result of their internal audit charade. [Continue reading…]

After the Waszupp Global Ponzi collapsed, Global Directors Blaine Williams and Mark Campese hitched their wagons to the Noble 7 Crowdfunding.

Officially Williams and Campese didn’t run Noble 7 but they were heavily involved in day to day management as Field Chairmen.

Noble 7 Crowdfunding was a short-lived and collapsed within a month.

But not before stiffing a bunch of affiliates who followed Williams and Campese out of $50 a pop. [Continue reading…]

A seventh lawsuit has been filed against BitConnect and several of its top promoters.

Baltazar Avalos filed his class-action lawsuit on February 22nd in California’s northern district.

Named as defendants in the suit are BitConnect, Joshua Jeppesen, Glenn Arcaro, Trevon Brown (aka Trevon James), Ryan Hildreth, Craig Grant, Nicholas Trovato (aka CryptoNick) and Ryan Maasen. [Continue reading…]

A sixth lawsuit has been filed against BitConnect and its top promoters.

Patrick Argiro presents himself as a plaintiff in the February 22nd Florida complaint.

In the complaint Argiro alleges

BitConnect scammed thousands of Floridians and hundreds of thousands of Americans out of millions and millions of dollars.

Named defendants in the suit are BitConnect, Glenn Arcaro, Trevon Brown (aka Trevon James), Ryan Hildreth, Craig Grant, Crypto Nick and Ryan Maasen. [Continue reading…]

Argyll Technologies Group claims to be ‘a group of companies specializing in the niche field of advanced sporting data analytics‘.

Despite claiming to have been “setup in 2013 in the British Virgin Islands”, the Argyll Technologies Group website domain (“argyll-tech.com”) wasn’t registered until early 2016.

The Internet Archive’s Wayback Machine confirms that up until late 2017 the “argyll-tech.com” domain was dormant.

Alexa traffic estimates suggest the current Argyll Technologies Group website went live around late October, 2017.

In summation, Argyll Technologies Group didn’t exist prior to around September or October, 2017. The claim the company has been around since 2013 is bogus.

Argyll Technologies Group do provide a corporate address in the British Virgin Islands on their website.

Further research however reveals this address actually belongs to Fidelity Corporate Services, who provide BVI company formation services.

As such it appears Argyll Technologies Group exists in the British Virgin Islands in name only.

Cited as CEO of the company on the Argyll Technologies Group website is “Gene Clinton Harris”.

No information about Harris other than his name is provided.

Of note is Harris is represented by a stock image onto which what is likely another stock image has been photoshopped (extremely poorly) over.

Whether Harris actually exists or not is unclear.

The Argyll Technologies Group website does have another (very stock photo looking) photo of Harris, but I wasn’t able to find any independent information confirming he’s an actual person.

Update 7th March 2018 – Despite the piss-poor Photoshop attempt above, it seems Gene Clinton Harris is represented by an actual person.

The individual representing Harris has a distinctly British accent.

Whether the man’s name is actually Gene Clinton Harris remains unclear, as no information exists about him outside of Argyll Technologies marketing material.

Several men, presumably of European descent, are featured in the video footage:

These men are presumed to be involved in the running of Argyll Technologies, however their identities are not disclosed. /end update

Cited as Chief Marketing Officer of Argyll Technologies Group on their website is Spencer Lee.

I was able to confirm Lee is an actual person via footage of an Argyll Technologies Group recruitment event, held in Indonesia in November, 2017.

Gene Harris is nowhere to be seen.

It is likely that Spencer Lee is either running Argyll Technologies Group or is part of the team that is. Gene Harris appears to be “white guy” smoke and mirrors.

I have noted the incorporation of Argyll Technologies Limited in the UK on July, 2013.

Gene Harris is listed as one of the Directors of the company, however this predates Argyll Technologies Group the MLM opportunity by three years.

There’s a good chance whoever is running Argyll Technologies Group just appropriated the name and one of the company’s Directors to create the 2017 MLM opportunity.

At the time of publication Alexa estimate that Taiwan (36%) and Thailand (34%) together make up 70% of traffic to the Argyll Technologies Group website.

It is highly likely that whoever is running Argyll Technologies Group is based out of one of these two countries or somewhere else in Asia (Indonesia and Malaysia are the next two largest sources of traffic).

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…]

Along with “someone died”, suddenly getting struck down by a mysterious illness, hackers and DDOS attacks, “we’re too big for business” is as clichéd of a delayed payment excuse as they come.

Not surprisingly, following months of promises this is what USI-Tech support are now telling investors. [Continue reading…]

CGI Limited appear to be the parent company of Coinsinos, a self-contained MLM opportunity.

The two companies have near-identical websites, so to keep things simple I’m going to refer to the opportunity as “Coinsinos”.

Coinsinos operate in the cryptocurrency and gaming MLM niches. The company does not provide a corporate address on their website.

The Coinsinos website domain (“coinsinos.com”) was privately registered on November 11th, 2017.

Listed as co-founders of the company on the Coinsinos website are Lorence Irvine (CEO) and Daniel Grenon (Chief Marketing Officer).

Lorence Irvine (right) is based out of the Philippines. Prior to founding Coinsinos Irvine was Zija International’s Country Director for the Philippines.

Today Irvine cites himself on Facebook as a “Company Advisor for Zija International”.

Daniel Grenon meanwhile was heavily involved in the OneCoin Ponzi scheme.

Grenon was a top Canadian OneCoin investor but left the company following his reported arrest in Tanzania at a OneCoin event in late 2016.

After OneCoin Grenon launched Worldwide Cryptocurrency Investment with Edward Hartley.

Following Hartley’s death in July, 2017, Grenon renamed the company Worldwide Cryptocurrency International.

Today the company is known as World Cryptocurrency International and markets itself as “a program you can trust”.

The company still operates as a Ponzi scheme, however Daniel Grenon does not appear on World Cryptocurrency International’s “WCI-team” website page.

Grenon was still actively promoting WCI as late as December, 2017. Whether he is still involved in the company is unclear.

Prior to getting involved in cryptocurrency Ponzi schemes, Grenon was a top affiliate of Organo Gold.

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

SaxoCoin provide no information on their website about who owns or runs the company.

The SaxoCoin website domain (“saxocoin.io”) was privately registered on January 4th, 2018.

A virtual office address owned by ServCorp in Hong Kong is provided on the SaxoCoin 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…]

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

The PrimeLend website domain (“primelend.io”) was privately registered on December 9th, 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…]

The latest MLM company to jump on the pointless altcoin launch is Karatbars International.

For those unfamiliar with the company, Karatbars International combines pyramid recruitment with a token gold offering.

While gold is available for purchase through the company, the focus of the compensation plan is getting people to sign up with affiliate packages.

You wouldn’t know that from visiting the Karatbars International website though, as the company is notoriously secretive about its MLM business opportunity. [Continue reading…]