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

The TwiceCoin website domain (“twicecoin.com”) was privately registered on June 8th, 2017.

It’s worth pointing out the TwiceCoin company logo and website domain are pretty similar to that of GladiaCoin Ponzi scheme.

GladiaCoin launched earlier this year in March and promised a 200% ROI on bitcoin investment within 90 days.

By late May GladiaCoin ran into withdrawal problems. The scam collapsed in early June, leaving the majority of affiliates out of pocket.

In addition to similar design elements, TwiceCoin also uses the same CloudFront name-servers as the GladiaCoin domain. This strongly suggests the same CloudFront account is being used to host both websites.

References to “gladia” also appear in the TwiceCoin website source-code:

All of this points to both TwiceCoin and GladiaCoin being run by the same person/people.

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…]

ATC Coin provide no information about who owns or runs the business on the company website.

The ATC Coin website domain (“atccoin.com”) was privately registered on March 1st, 2017.

A page on the ATC Coin website titled “legend’s involvement” claims Bill Gates, Warren Buffet, Eric Schmidt, Richard Branson and Peter Thiel are “involved” in the company.

No proof of any involvement by any of the individuals listed is provided.

An UK incorporation document for ATC Coin LTD is provided on the ATC Coin website.

ATC Coin LTD was incorporated in the UK on May 11th, 2017.

Subhash Jewria (right) is listed as the sole Director of the company, through a virtual mailing address owned by Garden Studios.

On his Facebook profile, Jewria cites his location as Mumbai, India. This is likely where ATC Coin is actually being operated from.

Prior to launching ATC Coin in March Jewria was promoting My Money Seva. He was also promoting “payment solutions” to MLM companies:

My Money Seva appears to be a local e-commerce discount platform. As far as I can tell, ATC Coin is Jewria’s first MLM launch as an executive.

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

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

The iCoin Market website domain (“icoinmarket.com”) was first registered in April, 2013.

The domain registration details were recently undated on May 8th, 2017, suggesting this is when the current owner(s) took possession of it.

An address in Hong Kong appears on the iCoin Market website, with the same address appearing on the Click Intensity website.

Click Intensity is a Ponzi scheme launched in early 2016 by Nick Johnson.

Johnson’s ownership of iCoin Market can be confirmed by visiting Johnson’s Facebook profile, on which he refers to iCoin Market in the possessive:

When Click Intensity launched details on Johnson were scarce, leading to suspicion it was a bogus name.

Since the launch Johnson (right) has remained active on social media, where he promotes the various schemes he’s launched.

Click Intensity began collapsing about a year after launch. Johnson addressed this by launching another Ponzi scheme, Ads Cash Coin.

Through Ads Cash Coin, Johnson offloaded generated Ads Cash Coin points onto Click Intensity affiliates.

Initially purchased at 2 cents a point during prelaunch, Click Intensity affiliates were told the value of their Ads Cash Coin points would rise

to 0.25 cents to 0.50 cents just within launch and then easy to a $1 in 90 days of launch and then up to $10-$25 in 12 months thereafter to 24 months.

Ads Cash Coin went into prelaunch in February, 2017. As of July 4th 13th, the value of an Ads Cash Coin point was just 10.5 cents.

With affiliates demanding answers and once again desperate to recoup their losses, in mid June Johnson announced the launch of iCoin Market.

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

Enzacta was founded by Russ Hall in 2003 and operates in the personal care and nutritional MLM niches.

The company provide a corporate address in the US state of Wyoming on their website.

Further research reveals this address actually belongs to Corporations Today, who provide incorporation services in the US.

You get a clean, aged shelf corporation that’s had no activity and as such cannot have any debts or liabilities.

It has had no tax ID number and as such cannot owe any taxes.

This suggests that Enzacta exists in Wyoming in name only.

The official Enzacta Facebook page cites Mexico City, Mexico as the company’s location.

The Terms Of Use Agreement, as provided on the Enzacta website, claims the company operates out of Minnesota.

Our business is operated and provided in the State of Minnesota.

As such, we are subject to the laws of the State Minnesota, and such laws will govern this Terms of Use.

Not too sure what’s going on there. Wyoming, Mexico City or Minnesota, take your pick.

Russ Hall (right) serves as Enzacta’s CEO.

As per his Enzacta corporate bio, Hall began his MLM career with Enzacta;

He began his career in his mid-twenties, working in the multilevel marketing industry as one of the first IT programmers in a newly created international department for what is now the largest multilevel marketing company in the world.

After years of traveling and working in 23 countries as an IT programmer and problem solver, which eventually led him to the position of Director of Latin America, he chose to leave this growing company because of a strong desire to learn and contribute more to the industry.

During the next nine years, he worked, consulted and learned important business strategies from several large multi-level companies.

The experience and knowledge he gained working inside these companies and directly with the IBOs, became a very valuable lesson.

Thanks to his vast experience, Russ Hall opened the doors to ENZACTA in 2003 and introduced his unique and innovative business plan that has since redefined the network marketing industry.

In 2008 Marc McChesney, a then Enzacta affiliate, claimed Hall left his Amway position

when he realized how Amway was cheating all the hard working folks feeding the profitable few.

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

Rapid Growth Online Marketing provide no information on their website about who owns or runs the company.

The Rapid Growth Online Marketing website domain (“rapidgrowthonlinenet”) was registered on March 10th, 2017. Kevin Campbell is listed as the owner, with an address in London, UK also provided.

Further research reveals multiple businesses using the same address, suggesting it’s a virtual office. There’s also no information available on Kevin Campbell and his relationship to Rapid Growth Online Marketing.

An extremely blurry incorporation certificate for “RapidGrowth Online Marketing” is provided on the company website.

The certificate was issued to Mary Grace Oloya Cezar on March 8, 2017 by the Philippine Department of Trade and Industry.

A search of the DTI website confirms the incorporation is valid, however who Mary Cezar is and her relationship to Rapid Growth Online Marketing is again unclear.

Perusal of the Rapid Growth Online Marketing website reveals it is primarily targeted at residents of the Philippines.

Quoted prices for products are in the Philippine Peso and a contact address in Cavite, Philippines appears on the company’s “contact us” page.

It appears the UK information provided in the Rapid Growth Online Marketing domain registration is bogus.

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…]

Nexxus University launched in shadow of Global Currency Reserve Marketing’s collapse.

Tied to the GCR Coin, Global Currency Reserve Marketing was abandoned in January, 2016 following the revelation of an SEC investigation.

Shortly after confirming GCR Marketing’s closure, owner Bob Wood announced he was launching Nexxus University.

Partnering with persons unknown and registering the company in Belize, Wood claimed Nexxus University was intentionally launched outside of the US.

Through Nexxus University, affiliates can invest in Nexxus Coin. Despite claims that “software development” of Nexxus Coin was 90% complete as of June, 2016, to date a publicly-traded coin doesn’t exist.

Instead Nexxus Coin is billed as an “internal token that powers the Nexxus ecosystem”.

Or in other words, Nexxus Coin are points with a value set by Nexxus University. This means they have no application outside of the income opportunity and in the real world are worthless.

Alexa statistics for the various “Nexxus ecosystem” websites suggest the opportunity flopped. And seeing as it’s not publicly tradeable, the current value of Nexxus Coin is unknown.

Lately there’s been rumblings out of Norway, suggesting the company is gearing up for a new marketing push. That in itself is uneventful, however there are some rather colorful individuals at the helm. [Continue reading…]

Following a 2015 indictment and subsequent guilty plea on charges of wire fraud back in February, yesterday William Apostelos was sentenced to fifteen years in prison.

Apostelos and his wife Connie Coleman operated a $70 million Ponzi scheme, bilking around 480 investors out of over $20 million dollars. [Continue reading…]

Following an indictment on June 14th, Richard Maike and several top Infinity 2 Global affiliates have been arraigned.

At an arraignment hearing held on June 30th, Maike, Richard Anzalone, Faraday Hosseinipour, Doyce Barnes Dennis Dvorin and Jason Syn were arraigned yesterday. [Continue reading…]

A fortnight ago news broke that Cleber Rene Rizerio Rocha, better known as the TelexFree money mattress mule, wanted evidence obtained against him suppressed.

Cleber claims statements he made after his arrest were obtained “in violation of (his) Fifth Amendment right to counsel”. Evidence obtained from his phone meanwhile was obtained “without a warrant and without consent”.

In a June 27th response filing, the DOJ paint a different story. [Continue reading…]

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

The Active Matrix website domain (“autoactivematrix.com”) was privately registered on May 27th, 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…]