It was pretty obvious from the onset that IGOFX was just another Malaysian Forex Ponzi scam.

Passive monthly ROIs of 10% to 30% were touted, from persons unknown presumed to be operating out of Malaysia.

Now following confirmation that IGOFX has collapsed, it has been revealed that the couple running the Ponzi scheme were in fact living in China.

Recent news reports however claim in the wake of IGOFX’s collapse, the couple have since fled to Malaysia. [Continue reading…]

Earn Fast BTC provide no information on their website regarding who owns or runs the company.

The Earn Fast BTC website domain (“earnfastbtc.com”) was privately registered on June 24th, 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…]

MLM Regulation appears to be a bit ass-backwards in Malaysia.

After seizing over $40 million dollars and arresting MBI International founder Teddy Teow, Malaysian authorities released him and claimed they were still investigating.

Now the Domestic Trade, Cooperatives and Consumerism Ministry  has provided an update on the situation. [Continue reading…]

Simple Bit Matrix provide no information on their website about who owns or runs the business.

The Simple Bit Matrix website domain (“simplebitmatrix.com”) was privately registered on June 22nd, 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…]

Modern Money Team provide no information on their website about who owns or runs the business.

The Modern Money Team website domain (“modernmoneyteam.com”) was privately registered on May 25th, 2017.

Further research reveals Modern Money Team affiliates naming Dan Putnam as CEO of the company:

Why this information isn’t provided on the Modern Money Team website is unclear.

Dan Putnam first appeared on BehindMLM’s radar back in 2012, as owner of EPX Body.

In 2014 Putnam launched One80.

Whereas EPX Body was a legitimate MLM opportunity with a retailable product, One80 marked Putnam’s transition towards online marketing tools.

One80 flopped and a year later was followed up by Let Us Close, a short-lived recruitment scheme tied to an “advanced marketing system”.

A few months after launch Let Us Close was hitched to The Elite Networker, another monthly-fee based recruitment scheme.

The Elite Networker also flopped and was abandoned shortly after launch.

In mid 2016 Putnam returned with a reboot of One80, this time branded as an adcredit Ponzi scheme.

Alexa traffic estimates show some activity in January, 2017, followed by a sharp decline in interest.

The One80 reboot flopping has likely prompted Putnam to launch Modern Money Team.

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

All 1x2s provide no information on their website about who owns or runs the company.

The All 1x2s website domain (“all1x2s.com”) was registered on June 28th, 2017. Mickie Jones is listed as the owner, with an address in the US state of New York also provided.

No information on Jones outside of the domain registration exists tying him to All 1x2s exists, suggesting the domain registration details might be bogus.

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…]

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

The TwiceCoin website domain (“twicecoin.com”) was privately registered on June 8th, 2017.

It’s worth pointing out the TwiceCoin company logo and website domain are pretty similar to that of GladiaCoin Ponzi scheme.

GladiaCoin launched earlier this year in March and promised a 200% ROI on bitcoin investment within 90 days.

By late May GladiaCoin ran into withdrawal problems. The scam collapsed in early June, leaving the majority of affiliates out of pocket.

In addition to similar design elements, TwiceCoin also uses the same CloudFront name-servers as the GladiaCoin domain. This strongly suggests the same CloudFront account is being used to host both websites.

References to “gladia” also appear in the TwiceCoin website source-code:

All of this points to both TwiceCoin and GladiaCoin being run by the same person/people.

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…]

ATC Coin provide no information about who owns or runs the business on the company website.

The ATC Coin website domain (“atccoin.com”) was privately registered on March 1st, 2017.

A page on the ATC Coin website titled “legend’s involvement” claims Bill Gates, Warren Buffet, Eric Schmidt, Richard Branson and Peter Thiel are “involved” in the company.

No proof of any involvement by any of the individuals listed is provided.

An UK incorporation document for ATC Coin LTD is provided on the ATC Coin website.

ATC Coin LTD was incorporated in the UK on May 11th, 2017.

Subhash Jewria (right) is listed as the sole Director of the company, through a virtual mailing address owned by Garden Studios.

On his Facebook profile, Jewria cites his location as Mumbai, India. This is likely where ATC Coin is actually being operated from.

Prior to launching ATC Coin in March Jewria was promoting My Money Seva. He was also promoting “payment solutions” to MLM companies:

My Money Seva appears to be a local e-commerce discount platform. As far as I can tell, ATC Coin is Jewria’s first MLM launch as an executive.

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

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

The iCoin Market website domain (“icoinmarket.com”) was first registered in April, 2013.

The domain registration details were recently undated on May 8th, 2017, suggesting this is when the current owner(s) took possession of it.

An address in Hong Kong appears on the iCoin Market website, with the same address appearing on the Click Intensity website.

Click Intensity is a Ponzi scheme launched in early 2016 by Nick Johnson.

Johnson’s ownership of iCoin Market can be confirmed by visiting Johnson’s Facebook profile, on which he refers to iCoin Market in the possessive:

When Click Intensity launched details on Johnson were scarce, leading to suspicion it was a bogus name.

Since the launch Johnson (right) has remained active on social media, where he promotes the various schemes he’s launched.

Click Intensity began collapsing about a year after launch. Johnson addressed this by launching another Ponzi scheme, Ads Cash Coin.

Through Ads Cash Coin, Johnson offloaded generated Ads Cash Coin points onto Click Intensity affiliates.

Initially purchased at 2 cents a point during prelaunch, Click Intensity affiliates were told the value of their Ads Cash Coin points would rise

to 0.25 cents to 0.50 cents just within launch and then easy to a $1 in 90 days of launch and then up to $10-$25 in 12 months thereafter to 24 months.

Ads Cash Coin went into prelaunch in February, 2017. As of July 4th 13th, the value of an Ads Cash Coin point was just 10.5 cents.

With affiliates demanding answers and once again desperate to recoup their losses, in mid June Johnson announced the launch of iCoin Market.

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

Enzacta was founded by Russ Hall in 2003 and operates in the personal care and nutritional MLM niches.

The company provide a corporate address in the US state of Wyoming on their website.

Further research reveals this address actually belongs to Corporations Today, who provide incorporation services in the US.

You get a clean, aged shelf corporation that’s had no activity and as such cannot have any debts or liabilities.

It has had no tax ID number and as such cannot owe any taxes.

This suggests that Enzacta exists in Wyoming in name only.

The official Enzacta Facebook page cites Mexico City, Mexico as the company’s location.

The Terms Of Use Agreement, as provided on the Enzacta website, claims the company operates out of Minnesota.

Our business is operated and provided in the State of Minnesota.

As such, we are subject to the laws of the State Minnesota, and such laws will govern this Terms of Use.

Not too sure what’s going on there. Wyoming, Mexico City or Minnesota, take your pick.

Russ Hall (right) serves as Enzacta’s CEO.

As per his Enzacta corporate bio, Hall began his MLM career with Enzacta;

He began his career in his mid-twenties, working in the multilevel marketing industry as one of the first IT programmers in a newly created international department for what is now the largest multilevel marketing company in the world.

After years of traveling and working in 23 countries as an IT programmer and problem solver, which eventually led him to the position of Director of Latin America, he chose to leave this growing company because of a strong desire to learn and contribute more to the industry.

During the next nine years, he worked, consulted and learned important business strategies from several large multi-level companies.

The experience and knowledge he gained working inside these companies and directly with the IBOs, became a very valuable lesson.

Thanks to his vast experience, Russ Hall opened the doors to ENZACTA in 2003 and introduced his unique and innovative business plan that has since redefined the network marketing industry.

In 2008 Marc McChesney, a then Enzacta affiliate, claimed Hall left his Amway position

when he realized how Amway was cheating all the hard working folks feeding the profitable few.

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