Following a cease and desist issued last month, Power Mining Pool’s website was quickly pulled offline.

Power Mining Pool’s admins strung investors along while they quietly executed their exit strategy, after which communication lines went silent.

Now North Carolina has confirmed Power Mining Pool failed to respond to the cease and desist notice, confirming the company’s owners exit-scammed. [Continue reading…]

New Image International (also commonly known as New Image Asia), claim to be ‘an award winning business created over 30 years ago in New Zealand‘.

The company operates in the health and nutrition MLM niche and today operates in a number of countries across Oceania, Asia and Africa.

Heading up New Image International is founder and Chairman, Graeme Clegg.

According to Clegg’s New Image International corporate bio, he

started out as a sheep farmer near New Zealand’s capital, Wellington.

It was on his farm that Graeme developed his groundbreaking ideas about health supplements and in 1984 decided to act on his research into the incredible health benefits of colostrum, nature’s first food.

Our focus on innovation and drive to deliver the best health and nutritional products has seen our expansion into numerous countries in the Asia Pacific region, earning New Image International multiple awards and positioning us as an industry leader.

Other than a dispute over unpaid OmegaTrend staff wages in 2010, New Image International appears to have had a clear run with regulators.

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

Members Choice operate in the personal development and streaming MLM niches.

An incomplete corporate address in Conyers, Georgia is provided.

Members Choice list two co-founders on their website, Howard Harrison Jr. (President and CEO) and J. William (Executive Vice President).

In his Members Choice corporate bio, Harrison claims he’s “better known as Pastor Howard”.

Prior to co-founding Members Choice, Harrison was an Executive Advisory Board member of the Noble 8 Revolution gifting scheme:

J. William (full name: Johnny William Cabe) claims to have been “active in network marketing for 40 years”.

On the Members Choice website Cabe is credited as “Dr. J. William”.

In 2015 Cabe (right) ‘pleaded no contest to five counts of unlawful practice of medicine‘.

The Rev. Johnny William “Bill” Cabe, the York County pastor who spent seven years in prison for stealing $8 million from church investors, will serve no prison time after pleading no contest Friday to 2010 charges alleging he claimed to be a doctor and performed exams on an 11-year-old boy he had befriended.

Cabe, 56, was charged twice in the 1990s on similar allegations of giving hernia exams and other improper contact with minor boys at Riverside Independent Baptist Church but was never convicted.

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

About a week ago we covered a co-founder conflict leading to Chris Record selling his stake in Tecademics.

Tecademics itself is no more and has been amalgamated into IQup.

One loose end that neither Tecademics co-founders Chris Record and Jim Piccolo or IQup seem keen to tie up however, is a missing $20,000 prize awarded to one of their affiliates. [Continue reading…]

Enforcement of Herbalife’s settlement with the FTC is certainly one of the more bizarre episodes of MLM regulation I’ve seen.

As part of the settlement, Herbalife agreed to “restructure” their business. And a big part of the restructuring was only paying commissions on actual retail sales going forward.

Considering retail sales volume was negligible to the point the FTC felt confident suing the company prior to the settlement, surely post-settlement Herbalife’s US MLM operations would be in trouble?

Not so.

Post enforcement of the settlement last May, Herbalife’s US revenue has fallen only by single digits quarter on quarter.

Outside of the stock market investor environment, this has led to speculation as to how Herbalife have curbed what should have otherwise been a dramatic decline in sales volume.

I might not have published anything on it myself, but this is certainly something I’ve personally wondered about.

Herbalife’s FTC settlement also saw the appointment of an Independent Compliance Auditor, to ensure adherence to the settlement terms.

In terms of public information, all we’ve been given is a hilariously redacted compliance report dated July, 2017.

Now, through a recent conference call, an explanation for Herbalife’s US sales revenue has surfaced.

Turns out Herbalife’s US affiliates have been fudging their retail sales figures. [Continue reading…]

Five years ago we covered leaked Lyoness internal video, in which owner and CEO Hubert Friedl laid out the company’s business model.

It’s all about positions, positions, positions, positions.

By making downpayments one can acquire positions in the Lyoness system.

I don’t go out to merely register someone, it’s not about registering people for the cashback card. Then I could as well just register you at the nearby swimming pool.

Five years later, nothing has changed. [Continue reading…]

MinerWorld, an MLM cryptocurrency touting 12 month mining ROIs, is under investigation in Brazil.

Yesterday Brazilian Federal Police and the Public Ministry announced they were investigating MinerWorld, on suspicion the company is a pyramid scheme. [Continue reading…]

DBTC was a short-lived ICO primarily targeted at Chinese investors.

Zhang and Li Mou conceived DBTC last October, but didn’t actually launch an ICO until March 28th this year.

And what an ICO it was.

Clearly targeting gullible idiots with too much money, top DBTC ICO investors paid $478,000 each on the promise of a daily $12,768 ROI. [Continue reading…]

The Eagle Bit Trade website names Edson Júnior as President of the company. No additional information is provided.

Further research reveals affiliates naming Edson Junior Amaral (right) as Eagle Bit Trade’s CEO.

Other than ascertaining Amaral is from São Paulo, Brazil, I was unable to put together an MLM history.

The Eagle Bit Trade website domain (“eaglebittrade.com”) was privately registered on January 2nd, 2018. [Continue reading…]

The fallout of Vitae Global’s legal battles with Valentus has emerged, following the collapse of the former.

Visitors to the Vitae Global website are informed the company ‘is no longer in business as of Thursday April 12th, 2018.‘ [Continue reading…]