The trouble with MLM companies offering shares is that such undertakings are rarely done within the required legal framework.

If a new class-action lawsuit is to be believed, Visalus’ Founders Equity Incentive Plan is a typical example of why any internal MLM company share offering should be approached with nothing less than extreme caution. [Continue reading…]

Bit90x provide no information on their website about who owns or runs the business.

The Bit90x website domain (“bit90x.com”) was privately registered on April 17th, 2017.

At the time of publication, Alexa estimate that 74% of traffic to the Bit90x website originates out of the US. India is the second largest source of traffic, coming in at 15%.

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…]

Mindset 24 Global operate in the personal development MLM niche and are headed up by co-founder and CEO, Brian McLane.

Mindset 24 Global do not disclose who the other co-founders of the company area on their website.

A mailing address in the US state of Kentucky is provided, although whether this is where Mindset 24 Global is operated from or not is unclear.

In 2010 Brian McLane co-founded Bellamora International and served as Chief Marketing Officer.

Bellamora purportedly signed up over 50,000 affiliates during prelaunch, only to spectacularly collapse in 2011 following the departure of several key executives.

McLane (right) was one of those who left the company, and went on to promote $1000 A Week For Life with Kevin Harrington.

$1000 A Week For Life was a $49.95 matrix-based recruitment opportunity. Although it was marketed on its own name, $1000 A Week For Life was part of David Rosen’s Money Tree International.

Of note is Kevin Harrington featured as a “marketing partner” on the Mindset 24 Global website.

In 2015 McLane founded Safe ID Trust, an MLM company that marketed identity restoration and recovery services.

Today the Safe ID Trust website domain is non-responsive. The company’s official Facebook profile was wiped off the internet a few months ago.

Read on for a full review of the Mindset 24 Global MLM opportunity. [Continue reading…]

Charlotte Thomson resides in the UK county of Cornwall. Looking to build a local business to compliment real estate development, Thomson signed up as a Valentus affiliate earlier this year in January.

After six months of promoting Valentus and putting her “heart and soul into it”, last week Thomson received a visit from Trading Standards. [Continue reading…]

In what appears to be a response to solicitation of investment into OneCoin across the country, the Bank of Mauritius has issued a public warning. [Continue reading…]

The Italian Antitrust and Consumer Protection Authority has fined OneCoin 2.5 million euro for being a pyramid scheme. [Continue reading…]

My Club 8’s prelaunch compensation plan was a compliance mess.

Affiliates signed up and were paid to recruit affiliates, with an optional autoship further boosting recruitment commission rates.

Affiliates marketing My Club 8 claim when My Club 8 launches, the company will switch to a ‘new and improved Unilevel Compensation plan that pays 8 Levels in depth‘.

Until then, My Club 8’s prelaunch compensation plan is a blatant pyramid scheme.

Post launch My Club 8 did switch compensation plans, although the one referenced above was ditched at the end of April.

Today we take a look at and review My Club 8’s current MLM offering. [Continue reading…]

Bitcoinaire’s Club provide no information on their website about who owns or runs the business.

The Bitcoinaire’s Club website domain (“bitcoinaires.club”) was privately registered on June 21st, 2016.

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…]

Appearing on CFA Radio, Fernando Escobar, President of Paraguay’s National Securities Commission (CNV), has revealed Public Prosecutor’s are likely to file a criminal case against Pay Diamond. [Continue reading…]

I first came across Waszubb Global under the company name Waszupp Network.

The Waszupp Mentor Network website names Blaine Williams (Wealth Creation Alliance Ponzi), Fred Bender, Ricky Howe and Mark Campese (Paycation) as Global Directors of the company.

Further research however reveals Ash Sahib (full name: Ashraf Ash H Sahib) is credited as founder and CEO.

In Waszupp Mentor Network marketing material Sahib is credited as a “billionaire from Dubai”.

Somewhat curiously though, his name only appears on the Waszupp Mentor Network website in the description of company conference calls.

On Facebook Sahib (right) cites himself as Chairman and CEO at Waszupp Global.

As far as I can tell, Waszupp Mentor Network isn’t a company in and of itself, rather it’s a downline group within Waszupp Global.

On May 8th Sahib published an article “Success Breeds Success”, on which he used a header for “We Share Success”.

We Share Success was a failed brand of Wazzub. The company name first surfaced in late 2014 as a platform for Wazzub to offer virtual shares through.

That concept ultimately flopped, with Wazzub going on launch a Ponzi scheme in mid 2016.

Today the Wazzub website (Perfect Internet) informs visitors that it’s part of something called the “Unicorn Network”. The MLM opportunity itself appears to have finally collapsed.

I wasn’t able to tie Ash Sahib directly to Wazzub, but the similarities between the two company names is hard to ignore.

In 2014 Sahib was running 4x TradeBiz, a forex income opportunity that appears to have since collapsed.

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