In his own words, when Chris Principe ‘first heard about OneCoin, (he) thought it was either a scam or a pyramid scheme‘.

That quickly changed  after OneCoin paid Principe to run a fluff-piece in his Financial IT publication.

In addition to paying an undisclosed amount of money to change Principe’s opinion of the scheme, OneCoin agreed to purchase copies of Financial IT for distribution among their affiliates. Principe also briefly appeared at OneCoin events to read PR scripts.

Copies of the Financial IT issue with Ruja Ignatova popped up all over social media, cited by OneCoin affiliates as “proof” of independent third-party media coverage.

This was important to OneCoin affiliates because to date, independent coverage by media organizations worldwide has universally concluded OneCoin is a Ponzi scheme.

Principe’s promotion of OneCoin evidently didn’t go unnoticed by other European scams, with Russia’s Skyway Capital the latest to seek Financial IT out. [Continue reading…]

There is no information on the LiteFunds website indicating who owns or runs the business.

The LiteFunds website domain (“litefunds.com”) was registered on January 11th, 2017. Muhammad Bakru is listed as the owner, with an incomplete address in Jakarta, Indonesia also provided.

Whether this is an actual person or not is unclear.

At the time of publication Alexa estimate the top two sources of traffic to the LiteFunds website are Nigeria (31%) and India (18%).

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…]

There is no information on the 2×8 Rocket website indicating who owns or runs the business.

The 2×8 Rocket website domain (“2x8rocket.com”) was privately registered on January 18th, 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…]

Stemtech International was founded in 2005 by Christian Drapeau and Ray Carter. The company is currently based out of Florida and operates in the nutrition MLM niche.

BehindMLM reviewed StemTech in 2012 and found the company had a strong focus on autoship affiliate recruitment.

Over the last eight months Alexa traffic estimates for the StemTech website indicate a consistent month to month decline in business.

In 2016 StemTech’s gross revenue was $43.5 million, down from $52.5 million in 2015.

On February 2nd, 2017, StemTech filed for Chapter 11 bankruptcy. [Continue reading…]

The M Network website is pretty user unfriendly.

A visit to the site sees it demand an affiliate referral code. There is a “nobody sent me” button, but if you click it M Network then demands you provide it with personal information.

I don’t know what’s on the homepage, but you can bypass this capture page by clicking links in the website footer.

One of those links is an “about us” page, which reveals M Network is headed up by “headmaster” Kerry Brown (yes, that’s his actual corporate title).

On his LinkedIn Profile, Brown lists his location as Utah in the United States. He also credits himself as M Network’s founder.

Kerry Brown’s corporate MLM career appears to have begun in 2005 when he was appointed Senior Product Manager of Xango. Brown left Xango in 2007.

In 2010 he was hired as Director of Marketing at Limu (also credited as Vice-President of Marketing). As with Xango, Brown was with Limu for two years before moving on in 2012.

In February 2015 Brown was appointed Chief Marketing Officer at Stream. On August 3rd Brown updated his Facebook profile to reflect he’d left Stream. That same day he changed his profile photo to an M Network banner.

On the non-MLM side of things Brown is founder and President of Six Nutrition.

Six Nutrition sell hydration supplements. The company does have an affiliate program but it’s single-level (non-MLM).

According to Brown’s LinkedIn profile, he left Six Nutrition in August, 2016.

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

On December 30th, 2016, Nerium International filed a lawsuit against Modere.

Nerium claims the lawsuit, which also sought a Temporary Restraining Order, was an attempt to stop

two of its high-ranking salespeople and a paid Nerium consultant from raiding Nerium’s salesforce and customers, in direct violation of their non-competition and non-solicitation agreements, for a competing company named Modere.

Both Nerium and Modere operate in the personal care MLM niche. [Continue reading…]

Nerium’s flagship product Nerium AD has come under fire, following the filing of a new lawsuit in Missouri

As per BehindMLM’s Nerium review (2014), the company claims Nerium AD (“Age Defying”)

contains the most effective ingredients available, including our exclusive, patented NAE-8 extract, which has powerful antioxidant properties that help reduce the appearance of many signs of aging.

According to plaintiff Christina Swiatek, Nerium AD also causes chemical burns, permanent skin damage. [Continue reading…]

There is no information on the Infinity Reloaded website indicating who owns or runs the business.

The Infinity Reloaded website domain (“infinityreloaded.com”) was registered on the 23rd of October, 2016. Luisa Menezes is listed as the owner, with a residential address in Langholme, Scotland also provided.

On Facebook Menezes (right) goes by “Lou Menezes Santos”. Santos is also an affiliate with Skinny Body Care and seems have recruited some of her downline affiliates into Infinity Reloaded:

Just saw a post and comments in an SBC group saying that infinity reloaded is all hype lol.

Well let’s just see who will be the last one laughing when we all reach platinum before all of you. And yes when this launches and you see BV spike in SBC.

Prior to launching late last year, Santos even went so far as to refer to Infinity Reloaded as SBC Infinity Reloaded:

Santos is also an affiliate of the Leased Ad Space cash gifting scheme.

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

There is no information on the Two Bitcoin website indicating who owns or runs the business.

The Two Bitcoin website domain (“twobitcoin.com”) was privately registered on July 11th, 2016.

An incomplete address in Russia is provided on the Two Bitcoin website, which is strange as the default language for the site is Spanish.

Further research reveals Two Bitcoin affiliates naming Jose Carlos Martins as founder and CEO of the company.

Martins (right) is purportedly based out of Brazil. In 2015 Martins was promoting Ares Perfumes & Cosmetics, a Brazilian MLM company.

From what I’ve been able to gather, Two Bitcoin is a company run under the brand “Two Company”. It is part of a VOIP (Two VOIP) offering and a yet to launch pay to click (Two Clik) scheme.

Two Bitcoin seems to operate independently from these two entities and is reviewed here as a stand-alone offering.

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

Good news for victims of the WCM777 Ponzi scheme, with the Receiver revealing allowed claims will be paid out “within the next week or so”.

The Receiver’s announcement was made as part of her twelfth Interim Report. [Continue reading…]