Synterium operate in the cryptocurrency MLM niche. Through E-Trade Hub the company claims to be based out of Poland and primarily marketed marketed across Europe.

A timeline on the Synerium website ties Synterium to Central Marketing Limited, a Hong Kong company purportedly incorporated in early 2014.

E-Trade Hub was founded in Poland in mid 2016, with a partnership between the two companies allegedly formed in mid 2017.

In September, 2017 Synterium was announced.

No information about the corporate structure of E-Trade Hub or Central Marketing Limited is provided.

Synterium identify Valerius Popel as CEO of the company.

Other than identifying him as a Polish businessman and sociologist, Synterium provide no further information on Valerius Popel.

I found no information on Popel myself, other than a few marketing websites referencing his Synterium CEO position. I’m flagging this as highly suspicious.

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…]

Neo Mining & Technologies provide no information on their website about who owns or runs the business.

In fact at the time of publication, the Neo Mining & Technologies website is nothing more than an affiliate login page:

The Neo Mining & Technologies website domain (“neominetech.com”) was registered on September 23rd, 2017.

Jesus Osuna is listed as the owner, with an address in the US state of California also provided.

Further research reveals Neo Mining & Technologies marketing videos credited Jesus Osuna (right) as CEO of the company.

Osuna began promoting Neo Mining & Technologies in mid 2017, around the same time he began talking about cryptocurrency on his social media profiles.

In 2015 Osuna co-founded Uvodi, a fitness-based income opportunity.

As of today Uvodi is still in business (website is up), however the MLM opportunity appears to have been discontinued.

I wasn’t able to 100% confirm if it’s the same guy, but it’s worth noting that in 2014 a Jesus Osuna of California was named as a top-earner in the TelexFree Ponzi scheme.

Whether Osuna (right) paid back the $1.4 million he reportedly stole from TelexFree victims is unclear.

Read on for a full review of the Neo Mining & Technologies MLM opportunity. [Continue reading…]

Crypto World Evolution provide no information on their website about who owns or runs the business.

The company states only that it’s “operated by a team of entrepreneurs who are experts in the field of cryptocurrency digital technologies”.

The Crypto World Evolution website domain (“cryptoworldevolution.trade”) was privately registered on August 16th, 2017.

Update 27th February 2018 – A few days ago Crypto World Evolution updated their website to provide the names of company management.

Tomas Perez-Quevedo is cited as CEO of Crypto World Evolution.

Over the past few years Perez-Quevedo has been involved in the BitClub Network, AirBit Club and Zhunrize Ponzi schemes.

Prior to getting involved in scams from around 2013, Perez-Quevedo was promoting Nussentials.

Perez-Quevedo’s Facebook profile suggests his marketing efforts are primarily concentrated around Vietnam and Thailand. /end update

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

Automated Income Systems provide no information on their website about who owns or runs the business.

The Automated Income Systems website domain (“automatedincome.systems”) was registered on April 26th, 2017.

John Valley is listed as the owner, through an address in the US state of New York.

On Facebook Valley (right) goes by “John J Valley”.

MLM opportunities Valley has promoted in the past include Tidom (cash gifting) and RE247365 (pyramid scheme).

Alternative branding Valley markets Automated Income Systems through include “Stupid Simple System” and “Share the Number”. Of the two Share the Number appears to be more pervasive.

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

When USI-Tech canned its biggest investor market around two weeks ago, it should have been obvious they were running on borrowed time.

Despite the keeping up of appearances and reassurances by USI-Tech investors outside of the US (coughcough “Global Leader” Sharon James), it appears USI-Tech has been inundated with withdrawal requests.

Trotting out the old “we’re too big for legitimate payment processors” routine, USI-Tech has announced withdrawal delays. [Continue reading…]

In the wake of BitConnect’s collapse, BCC points have plummeted from around $225 to a low of about $5 each.

This hasn’t gone unnoticed by the company’s owners, who in a news update today promised BCC to BCCX conversion support and to reopen the internal exchange. [Continue reading…]

Crazy Ad Profits provide no information on their website about who owns or runs the business.

The Crazy Ad Profits website domain (“crazyadprofits.com”) was privately registered on February 15th, 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…]

In what appears to be an attempt to cover their tracks, admins of the popular BitConnect Reddit have set the discussion forum to private.

Prior to the decision, discussion on the BitConnect Reddit raised the prospect of admins being held legally accountable for promotion of a Ponzi scheme. [Continue reading…]

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

The Ucoin Cash website domain (“ucoincash.co”) was privately registered on October 5th, 2017.

At the time of publication Alexa estimate Vietnam (19%) and the US (10%) are the largest sources of traffic to the Ucoin Cash website.

Based on the level of English on the Ucash Coin website, there’s a good chance it’s being operated out of Vietnam itself;

Ucoin Cash have been established with a long term vision and objective desiring to build a good reputation in digital cash field. We hope that all UCH users and investors would convey an accurate, honest messages while building referrals and earning commissions with UCH.

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…]

Following the collapse of BitConnect, a common question on the mind of those who didn’t get sucked in is “how on Earth did this happen?”

I’ve been wanting to cover BitConnect’s bizarre October event in the US for some time.

I figure now is as good a time as any, and hopefully at the same time it’ll provide insight into how people get wrapped up in MLM Ponzi schemes. [Continue reading…]