Royal Dragon Traders provide no information on their website about who owns or runs the business.

The Royal Dragon Traders website domain (“royaldragontraders.com”) was privately registered on April 20th, 2017.

The Royal Dragon Traders Terms and Conditions states the company is “operated by MaGABEL” from Dubai. I was unable to find anything further on this company.

There is a Magabel Services that operates out of Belgium, however it doesn’t appear to have anything to do with Royal Dragon Traders.

Further research reveals Royal Dragon Traders affiliates naming Bjorn Hauge and Gary Granello as co-founders of the company, with Johnny Dalini as CEO.

Note that I wasn’t able to independently verify this information.

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…]

Asirvia went into prelaunch with a compensation plan that borrowed heavily from that of Saivian.

Not surprising when you consider all three Asirvia co-founders were Saivian affiliates.

The model saw affiliates pay a monthly fee and recruit others who do the same. Recruit enough monthly fee-paying affiliates and you earn a daily ROI.

The sale of retail subscriptions was possible but unlikely, given it was far more lucrative to pitch the business opportunity for a monthly fee.

Over the last few months Asirvia’s original business model collapsed, with the company scrapping its subscription service and compensation plan.

Armed with a new business model, product and compensation plan, today we take a look at and review Asirvia’s new offering. [Continue reading…]

Although appearing to be based out of Spain, Questra World has ties to Russia and Africa through Atlantic Global Asset Management.

Questra World claim to be an “advertising broker” with “exclusive rights” to promote Atlantic Global Asset Management.

In addition to Questra World’s own Ponzi scheme, Atlantic Global offer weekly ROIs of 6.47% on deposits of up to €500,000 EUR.

The activities of both companies has caught the attention of the Polish Financial Supervision Authority (KNF), who have added both Questra World and Atlantic Global to their public warning list. [Continue reading…]

Following the revelation that the Mauritian Independent Commission Against Corruption has been investigating OneCoin since March, further details of the company’s operations in Mauritius have emerged. [Continue reading…]

Worldwide Earning operate in the advertising MLM niche and name Ahsan Abbas and Andrea Burriesci as joint owners of the company.

A Companies House (UK) incorporation document is provided on the Worldwide Earning website for “B Solutionss Limited” (not a typo).

B Solutionss Limited was incorporated on August 22nd, 2016. Both Abbas and Burriesci are listed as Directors of the company, through a residential address in London, UK.

According to Abbas’ Facebook profile, B Solutionss is a web hosting and development company. Other than being owned by Abbas, it doesn’t appear to have anything to do with the Worldwide Earnings MLM opportunity.

Limited appears to be a shell company filed with bogus information.

Both Abbas and Burriesci cite their country of residence as UK in B Solutionss Limited incorporation documents.

Ahsan Abbas however provides a contact address in Rawalpindi, Pakistan on the Worldwide Earning website. Andrea Burriesci meanwhile claims to be living in Mezzojuso (Italy) on his Facebook profile.

The B Solutionss Limited incorporation appears to be a shell company, with neither it or Worldwide Earnings having any actual operations in the UK itself.

In addition to running Worldwide Earning, Andrea Burriesci is also an affiliate of the FutureNet Ponzi scheme.

In a Facebook post dated November 25th, 2016, Ahsan Abbas listed the bitcoin gifting scams ZarFund, BitDonix, Super Matrix and Reality Gift as his “favorite matrix” opportunities of the year.

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

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

The Handy BTC Terms Of Use suggest the company is being operated from Tunisia:

These Terms shall be governed and construed in accordance with the laws of Tunisia.

The Handy BTC website domain (“handybtc.com”) was registered on April 15th, 2017. Chaker Saaf is listed as the domain owner, with an address in Monastir, Tunisia also provided.

On his Facebook profile, Saaf (right) claims he’s living in London, UK. The Tunisia address for Handy BTC thus appears to be a decoy.

Prior to launching Handy BTC, Saaf was promoting the 2×9 BitMax bitcoin gifting scheme.

Alexa traffic estimates for the 2×9 Bitmax website suggest it went into decline a few weeks ago. This has likely prompted Saaf to launch Handy BTC.

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

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

The JetCoin website domain (“jet-coin.com”) was privately registered on May 7th, 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…]

Authorities in India traced funds stolen by OneCoin affiliates to a Mauritian woman named Mary Beyance.

Beyance worked with a partner in Bulgaria and, according to Indian authorities, sat atop a money laundering trail of at least $7.7 million USD.

According to the Mauritian newspaper Le Mauricien, authorities in Mauritius are now investigating OneCoin. [Continue reading…]

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

The Star Bit website domain (“starbit.info”) was privately registered on April 29th, 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…]

Project Ethereum operate in the cryptocurrency MLM niche and name John Johnson as CEO of the company.

Johnson is based out of Utah in the US and appears to have worked in the real estate and finance industry (loans) for a number of years.

As per Johnson’s Project Ethereum corporate bio;

John Johnson has been in sales and marketing for the past two decades. John has started many different companies over the years and also spent time as a consultant for small businesses.

John was previously working within a Crypto Currency Platform and realized there as a better way to assist members on building ad [sic] receiving donations.

The “cryptocurrency platform” referenced above is Bitcoin Funding Team.

Bitcoin Funding Team launched back in February and saw affiliates gift bitcoin to each other via a 2×5 matrix. Alexa traffic estimates for the Bitcoin Funding Team website suggest the company went into decline in early May.

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