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

The CryptoGain website domain (“cryptogain.biz”) was registered on October 22nd, 2017.

The registration appears to contain bogus information (false address).

Despite existing as of only about a week or so ago, Crypto Gain claims to have “many years of expertise”.

The official CryptoGain Facebook group has one admin, Bernie Thompson.

The Thompson account appears to be bogus, having only been created on or around October 26th, 2017.

A UK incorporation number is provided on the CryptoGain website, which corresponds to “BitLake Limited”.

BitLake Limited was incorporated on June 14th, 2017, through a retail/residential address in Southall, UK.

Warran ONeal is listed as the sole officer of the company, with no further information provided.

Whoever ran BitLake appears to also be running CryptoGain.

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…]

With both Charles Scoville’s and the SEC’s briefs filed in the Traffic Monsoon appeal case, Scoville now has the option of filing a reply brief.

On October 20th Scoville requested an extension of time to file his reply, which was granted later the same day.

The court gave Scoville until November 13th to file his reply. In the meantime the Traffic Monsoon Receiver appears to have sought to remove Traffic Monsoon from appeal proceedings. [Continue reading…]

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

The Stratxis Limited website domain (“stratxis.com”) was privately registered on October 9th, 2017.

An incorporation number provided on the Stratxis Limited website reveals the company was incorporated in the UK on October 11th, 2017.

Mikel Ross is listed as the sole Director of the company.

No information on Ross outside of of Stratxis Limited’s incorporation is available however, casting doubt on whether he actually exists.

Despite existing as of only a few weeks ago, on their website Stratxis Limited represent they have “five years experience”.

A corporate address in London, UK is provided on the Stratxis Limited website. Further research however reveals multiple businesses operating out of the same address, strongly suggesting it is virtual office space.

Supporting this is the use of a stock image of an office to represent Stratxis Limited’s non-existent office.

Marketing copy on the Stratxis Limited website also appears on the Dr. Profit and Crypto Infinity websites.

Both Dr. Profit (Oct, 2017) and Crypto Infinity (Apr, 2016) appear to be collapsed Ponzi schemes. The shared use of marketing copy suggests all three websites are related (likely common ownership).

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…]

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

The Coin Plus website domain (“coinplus.cc”) was registered on October 12th, 2017.

Logan Lance is listed as the owner, with a residential address in London, UK also provided.

A UK incorporation certificate is provided on the Coin Plus website.

Coin Plus was incorporated in the UK as CoinPlus Bitcoin Limited on September 21st, 2017.

Reece Dave is listed as the sole officer of the company, through a residential address in Manchester.

In addition to Coin Plus, Lance has registered a number of HYIP website domains. He’s also registered and owns a few HYIP monitoring sites.

The most recent appears to be Global FX Team, a forex themed Ponzi scheme. Launched back in June, current Alexa traffic statistics for the Global FX Team website suggest it has collapsed.

This has likely prompted Lance to launch Coin Plus.

No information on Lance outside of the Coin Plus website domain registration is available.

This raises the question of whether Logan Lance and Reece Dave, as represented by Coin Plus, actually exist.

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…]

PM International began in 1993 as P.M. Cosmetics. Today PM International is an MLM company that operates in the nutritional supplement and personal care MLM niches.

The company is based out of Luxembourg (previously Germany), and claims to be ‘one of Europe’s largest direct marketing companies in the areas of health, wellness and beauty‘.

On its website, PM International claims to have “around 150,000 successful distributors worldwide”.

Heading up PM International is founder and CEO, Rolf Sorg (right).

As per Sorg’s PM International corporate bio;

Rolf Sorg started off as a car mechanic.  He was fascinated by direct marketing and during his first three years sponsored an average of at least 10 business partners a month.

I wasn’t able to ascertain Sorg’s MLM history prior to founding PM International.

In 2013 Sorg won a lawsuit against Google. Sorg claimed Google was associating his name with “fraud” and “Scientology” via the search engine’s auto-complete feature.

When asked by Bild how he felt about winning the case, Sorg replied;

Good! The judgment protects me and my name. I have nothing to do with fraud and Scientology.

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

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

The Hash Income website domain (“hashincome.com”) was privately registered on October 12th, 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…]

Bit Phoenix Solutions provide no information on their website about who owns or runs the business.

The Bit Phoenix Solutions website domain (“bitphoenixsolutions.com”) was privately registered on October 10th, 2017.

A UK incorporation number is provided on the Bit Phoenix Solutions website. Strangely enough however it’s for the company BTC World LTD, which was incorporated back in April, 2016.

BTC World LTD was a Ponzi scheme launched in mid 2016. Affiliates were promised a 2% to 5% daily ROI “for life”, however the scheme collapsed within a few months.

BTC World LTD was incorporated by Bogdan Kyrychenko of Ukraine.

The UK address used in the incorporation is a rented mailbox from Company Formation Made Simple.

According to their website, Company Formation Made Simple offer a UK incorporation service for £14.99 GBP.

Funnily enough, no information on Bogdan Kyrchenko outside of the BTC World LTD incorporation exists.

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…]

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

The Bitty Rain website domain (“bittyrain.com”) was privately registered on October 19th, 2017.

The official Bitty Rain Facebook group lists three admins; Prasanta Kumar, Jane Smith and Helina Kebede.

All three appear to be heavily involved in the MLM underbelly, with various scams promoted on their respective Facebook feeds.

Neither individual claims ownership of Bitty Rain, however affiliate marketing cites Jane Smith (right) as owner of the company.

Ponzi schemes Smith has promoted over the past few months include Double Your BTC, Master Coin Plus and Waszupp Global.

In August Smith was promoting “an awesome program that helps children’s cancer research”.

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

5 Dollars 2 Charity provide no information on their website about who owns or runs the business.

The 5 Dollars to Charity website domain (“5dollars2charity.com”) was registered on February 24th, 2017.

Harry Heydon is listed as the owner, with an address in Gauteng, South Africa also provided.

On Facebook Heydon (right) cites himself as Senior Paster and Founder of Peniel Ministries.

Heydon also claims to be a ‘successful Internet entrepreneur and published author of Online income publications‘.

In addition to 5 Dollars 2 Charity Heydon also runs Heydon Global, a 2×9 matrix gifting scheme.

On the Heydon Global website, Heydon claims 5 Dollars 2 Charity uses “the same system”.

Read on for a full review of the 5 Dollars 2 Charity MLM opportunity. [Continue reading…]

Following a “complex case” designation, the Infinity2Global trial was put on hold pending a filed joint litigation plan.

On October 6th that plan was filed, with Judge McKinley signing off on the proposed dates on October 26th. [Continue reading…]