Chris Principe’s defamation case against Tim Tayshun continues, with the latest seeing a motion for entry rejected and filed answer to Principe’s complaint.

Less than twenty-four hours after the deadline to respond had passed, Chris Principe’s attorney filed for an entry of default with the Court Clerk. [Continue reading…]

Omnia Tech operate in the cryptocurrency MLM niche and provide a corporate address in Malta on their website.

This addressed is shared with a significant number of other companies (a lot of which are gambling related), suggesting Omnia Tech exists in Malta in name only.

Thomas Hintermaier (right) is the sole executive named on the Omnia Tech website and serves as Chief Technology Officer.

Hintermaier does not claim ownership of Omnia Tech on any of his social media profiles. Who runs and/or owns the company is not publicly disclosed.

The Omnia Tech website domain (“omnia-tech.eu”) was registered on July 31st, 2017. Christian Michel Scheibener is listed as the owner, through the same Maltese shell company address.

Hintermaier is based out of Austria, which is presumably where Omnia Tech is actually being operated from (or possibly elsewhere in Europe).

As per Hintermaier’s Omnia Tech corporate bio;

For more than ten years, he has dedicated his capabilities in quality management and production planning for the Oberderfer Siebtechnik and the Scapa Forming GmBH.

He has also engaged in an avocational work for the insurance industry which enabled him to master the technicalities of acquisition, consultancy, and support for customers.

In the middle of the year 2000, Ing. Hintermaier focused his skills towards the development of guidelines for projects related to Internet services.

He also took part in the integration of a network platform intended for companies in the building sector.

At present, he acts as a second CEO Selbstvorsorge Dientleistungs and Marketing GmBH.

As far as I can make out Hintermaier has no MLM experience.

On social media Christian Michel Scheibener (right) refers to himself as a “leading MLM headhunter”.

Up until about a month ago Scheibener was promoting Wor(l)d International.

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…]

Forever Living Products’ Leadership Bonus pays affiliates on sales volume generated down three Manager generations.

To qualify for the bonus affiliates must meet sales volume requirements, which can be met entirely with self-purchase (no retail).

The volume can of course be also generated via retail sales (or a combination of retail and personal purchase), and so Forever Living Products operates in the all too familiar grey regulatory area.

That an MLM company without significant retail activity is a pyramid scheme is clear-cut. But Forever Living Products, like most MLM companies, does not disclose how much of its company-wide volume is attributable to retail sales.

In a recent compensation plan change email, Forever Living Products shed some rare insight into the current situation. [Continue reading…]

RJGM Power Team name four admins on their website; Janice Lee, Shual Thomas, Gary Phillips and Lee Woodsum.

According to a Facebook post by Janice Lee on July 16th, RJGM Powerbuild initially launched a few months ago.

After promptly collapsing it was relaunched as RJGM Power Build. which also collapsed.

The current version of the company has been renamed back to RJGM Power Team and relaunched with a new website domain on August 5th.

Over the last few months Lee has promoted a number of bitcoin scams, including BitComet, Bitcoins Brain, Project Ethereum and JetCoin.

Gary Phillips also promoted JetCoin and Project Ethereum.

Outside of RJGM Power Build, Shual Thomas and Lee Woodsum do not publicly promote MLM opportunities.

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

Fincrypt Global cite Joe William as Director & Chief Visionary Officer of the company on their website.

Outside of his name and title though, no information about William is provided.

The Fincrypt Global website domain (“fincryptglobal.com”) was privately registered on June 6th, 2017.

With Alexa currently estimating that 100% of traffic to the Fincrypt Global website originates out of India, it’s a good bet that “Joe William” doesn’t exist. Whoever is running Fincrypt Global is likely based out of India itself.

This is further evidenced by the use of “$1 crore” in Fincrypt Global’s compensation plan.

The UK is another possibility, with Fincrypt Global advising their compensation plan runs on “UK time”.

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…]

A common trait of multi-million dollar Ponzi schemes is a lack of independent accounting on the backend.

Records are stored higgledy-piggledy and often riddled with errors and/or incomplete.

Traffic Monsoon is no exception, with the Receivership currently sifting through millions of transaction records in an attempt to forensically piece together the business.

While circumstances might change in the future, at this time the Receiver has determined, based on the sheer amount of data being processed, that Traffic Monsoon victims won’t be submitting written claims. [Continue reading…]

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

UK Companies House incorporation documents are provided on the Control Finance website, showing an incorporation date of September 8th, 2016.

The Control Finance corporate address provided belongs to Bruntwood, who sell virtual office space. As such it appears Control Finance exists in the UK in name only.

The sole Director of the company is Benjamin Reynolds, who is also the listed owner of the Control Finance website domain (registered September 6th, 2016).

Control Finance marketing videos on the company website feature a speaker with a distinct Eastern European accent. In the videos the speaker reads marketing copy present on the Control Finance website.

The man doesn’t identify himself but probably isn’t Benjamin Reynolds (Fivver gig?).

It’s pretty obvious Control Finance has no physical operations in the UK, as well as Benjamin Reynolds likely also not existing.

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…]

D&L Goodybag was co-founded by David Ogunshola and his wife Bukola in August, 2014.

The company operates out of Nigeria and is a

subsidiary of Daveshoope Goodybag LTD, a Company registered with the Corporate Affairs Commission with RC number 1416418.

On his Facebook profile, Ogunshola (right) claims he

help(s) people discover where they fit in God’s Mission.

I am a Mobilizer & BAM Entrepreneur.

Whether Ogunshola has any MLM experience prior to D&L Goodybag is unclear.

Read on for a full review of the D&L Goodybag MLM opportunity. [Continue reading…]

Connie Apostelos used her share of funds stolen through Genesis Acquisitions to fund $35,000 a month in expenses for her horse racing company. She also had a $400 a month Victoria’s Secret lingerie habit.

Connie and her husband William ran the $70 million dollar WMI Enterprises Ponzi scheme. WMI Enterprises was made up of a number of companies, one of which was Genesis Acquisitions. [Continue reading…]

Despite promises to continue running the scam on Facebook, authorities are closing in on D9 Clube in Brazil.

Following a six month investigation, Brazilian police launched operation Giza on Thursday morning.

Operation Giza saw search warrants issued and raids conducted at ten different locations. [Continue reading…]