Divvee launched mid last year to a lukewarm reception.

The company provided access to discounts for $9.95 a month, which never really took off with retail customers.

By the end of the year the company had added “Rank and Share” to its offering.

Divvee’s Rank and Share saw affiliates and free customers rewarded with points for rating mobile apps.

On the backend Rank and Share directly and residually on the recruitment of new Divvee affiliates.

Initially Rank and Share sparked renewed interest in Divvee, however from March interest once again began to wane.

Last month Divvee corporate and its affiliates began marketing something called Ryze AI.

Ryze AI is billed as a forex trading bot, attached to the free MetaTrader4 trading platform.

MetaTrader4 allows ‘end users to write their own trading scripts and robots that could automate trading‘, which is where Ryze AI enters the picture. [Continue reading…]

Back in 2014 the Norwegian Gaming Board wrapped up an investigation into Lyoness. The conclusion of the investigation saw the Gaming Board confirm Lyoness ‘does not engage in illegal activities in Norway‘.

Analysis of the Gaming Board’s official report revealed the regulator primarily relied on marketing material provided by Lyoness in their investigation.

Three years later, the Gaming Board has now reopened their investigation into Lyoness. [Continue reading…]

It was pretty obvious from the onset that IGOFX was just another Malaysian Forex Ponzi scam.

Passive monthly ROIs of 10% to 30% were touted, from persons unknown presumed to be operating out of Malaysia.

Now following confirmation that IGOFX has collapsed, it has been revealed that the couple running the Ponzi scheme were in fact living in China.

Recent news reports however claim in the wake of IGOFX’s collapse, the couple have since fled to Malaysia. [Continue reading…]

Earn Fast BTC provide no information on their website regarding who owns or runs the company.

The Earn Fast BTC website domain (“earnfastbtc.com”) was privately registered on June 24th, 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…]

MLM Regulation appears to be a bit ass-backwards in Malaysia.

After seizing over $40 million dollars and arresting MBI International founder Teddy Teow, Malaysian authorities released him and claimed they were still investigating.

Now the Domestic Trade, Cooperatives and Consumerism Ministry  has provided an update on the situation. [Continue reading…]

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

The Simple Bit Matrix website domain (“simplebitmatrix.com”) was privately registered on June 22nd, 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…]

Modern Money Team provide no information on their website about who owns or runs the business.

The Modern Money Team website domain (“modernmoneyteam.com”) was privately registered on May 25th, 2017.

Further research reveals Modern Money Team affiliates naming Dan Putnam as CEO of the company:

Why this information isn’t provided on the Modern Money Team website is unclear.

Dan Putnam first appeared on BehindMLM’s radar back in 2012, as owner of EPX Body.

In 2014 Putnam launched One80.

Whereas EPX Body was a legitimate MLM opportunity with a retailable product, One80 marked Putnam’s transition towards online marketing tools.

One80 flopped and a year later was followed up by Let Us Close, a short-lived recruitment scheme tied to an “advanced marketing system”.

A few months after launch Let Us Close was hitched to The Elite Networker, another monthly-fee based recruitment scheme.

The Elite Networker also flopped and was abandoned shortly after launch.

In mid 2016 Putnam returned with a reboot of One80, this time branded as an adcredit Ponzi scheme.

Alexa traffic estimates show some activity in January, 2017, followed by a sharp decline in interest.

The One80 reboot flopping has likely prompted Putnam to launch Modern Money Team.

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

All 1x2s provide no information on their website about who owns or runs the company.

The All 1x2s website domain (“all1x2s.com”) was registered on June 28th, 2017. Mickie Jones is listed as the owner, with an address in the US state of New York also provided.

No information on Jones outside of the domain registration exists tying him to All 1x2s exists, suggesting the domain registration details might be 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…]

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…]