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

Three contact points are provided on the IoniCoin website, Bulgaria, Germany and the UK, however only email addresses and phone numbers are provided.

The IoniCoin website domain (“ionicoin.com”) was registered on April 8th, 2017. “Amsters Clark” is listed as the owner, with an address in Birmingham, UK also provided.

Further research reveals this address actually belongs to Mailboxes ETC, who provide virtual office mailing addresses. As such it appears IoniCoin exists in the UK in name only.

Somewhat curiously, IoniCoin claim to be a “registered investment bank”.

Ionicoin Digital Currency LTD is an investment bank registered with the number: 10718847 which was incorporated on 10 April 2017.

Ionicoin Digital Currency LTD has sic code: 64110 – Central banking.

The above information is correct, in that IoniCoin Digital Currency LTD was incorporated in the UK on April 10th. However the designated business categories of “Central banking” and “Banks” doesn’t mean IoniCoin is a registered investment bank in the UK.

That would require registration with the Financial Conduct Authority.

Not surprisingly, IoniCoin Digital Currency LTD is not registered with the FCA.

Amsters Clark is listed as the sole Director of IoniCoin Digital Currency LTD, via the same virtual mail address in Birmingham.

No information about Amsters Clark is available outside of his appearance on the company’s incorporation documents. This strongly suggests Amsters Clark, as represented by IoniCoin, doesn’t exist.

The IoniCoin website is hosted in Romania, which neighbors Bulgaria to the south. If I had to take a guess, I’d say whoever is running IoniCoin is likely based out of one of these two countries.

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…]

So the saying goes, a leopard can’t change its spots.

So it is true with many inhabitants of the MLM underbelly, with those seeking to steal money time and time again launching variations of the same scheme.

With those running it harboring strong ties to Crypto888 Club, it should come as no surprise Power On Network is now gearing up for its third relaunch within a year. [Continue reading…]

iCoinPro operate in the cryptocurrency MLM niche and, according to its affiliate policies and procedures, is based out of Texas in the US.

The State of Texas is the place of the origin of this Contract and is where the Company accepted the offer of the Applicant to become a Distributor and where the Distributor entered into the Contract with the Company.

Heading up iCoinPro is Founder and CEO, Paul De Sousa (right).

Known for his dedicated leadership and training abilities to help others in the network marketing industry, along with his vast knowledge, understanding, and experience utilizing Bitcoin and Cryptocurrencies in various capacities, nobody has more passion and enthusiasm for iCoinPro than our CEO, Paul De Sousa.

According to De Sousa’s Facebook profile, he is based out of Johannesburg, South Africa. iCoinPro’s connection to Texas is thus unclear.

De Sousa has a long marketing history, with this crossing over into providing leads for various MLM opportunities.

Since at least mid 2016, De Sousa has been promoting Gain Bitcoin. BehindMLM reviewed Gain Bitcoin earlier this month and concluded it was a combination of pyramid recruitment and suspected Ponzi fraud.

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

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

A footer on the Royaltie website identifies its parent company as Hiram Lodge Enterprises Corp.

The Royaltie affiliate agreement suggests Royaltie and Hiram Lodge Enterprises Corp are based out of Ontario, Canada:

This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and shall be treated in all respects as an Ontario contract.

Each of the parties irrevocably attorns to the jurisdiction of the courts of the Province of Ontario.

Further research reveals marketing videos on Royaltie’s official YouTube channel identifying Justin Belobaba as founder and CEO of the company.

As per a press-release announcing Royaltie’s initial launch in July 2016, Belobaba is cited as

a serial entrepreneur in health, finance and technology. His past ventures include wireless payment software for North American taxicabs, and a publicly-traded provider of electronic medical record software for physicians.

In 2010, he was named “Young Entrepreneur of the Year” by Profit Magazine.

As far as I can tell, Royaltie is Belobaba’s first MLM venture.

Worth noting is Royaltie first launched with a “mobile app rewards program”.

The Royaltie program, which provides its users 10% rewards on all their health, fitness and beauty purchases, breaks the mold of traditional rewards programs by being the first to offer a customer-centric, rather than a business-centric, approach to earning rewards.

This appears to have been scrapped and replaced with the current “gem” product in early 2017.

Royaltie also has an “exclusive network marketing contract” with Asirvia.

Asirvia initially launched with a mobile app subscription service, with was recently scrapped in favor of reselling Royaltie’s gem product.

In a marketing video published on the official Asirvia Facebook page on May 25th, Belobaba stated Royaltie ‘couldn’t be more excited about our strategic partnership with Asirvia‘.

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

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

The CryptoFundz website domain (“crypofundz.com”) was registered on May 15th, 2017. “Ann E Coleman” is listed as the owner, with a residential address in the US state of North Carolina also provided.

There is no third-party information connecting Coleman with CryptoFundz.

The official CryptoFundz Facebook group has one admin, Atif Sohail (right).

Sohail cites his location as Dubai in the UAE and is/has been involved in MMM India (gifting Ponzi), Worldwide Earning (adcredit Ponzi), Coin Leaders (Ponzi points) and The Ads Team (adcredit Ponzi).

Sohail appears to be running CryptoFundz, with Ann Coleman, as represented in the CryptoFundz domain registration, unlikely to exist.

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…]

Despite claiming to be “open and honest in our dealings”, The ChampCoin provide no information about who owns or runs the business on their website.

The ChampCoin website domain (“thechampcoin.com”) was privately registered on January 25th, 2017.

Further research reveals The ChampCoin marketing presentations naming Mahesh Verma as founder of the company. According to his LinkedIn profile, Verma is based out of Haryana, India.

Prior to launching The ChampCoin, Verma (right) launched ChampCash.

ChampCash pays affiliates to install apps. Each install generates a referral commission, which ChampCash share with affiliates via an MLM compensation plan.

Alexa traffic statistics for the ChampCash website show a brief surge in interest in late 2016, followed by a sharp decline throughout 2017:

This decline has likely prompted the launch of The ChampCoin.

Read on for a full review of The ChampCoin MLM opportunity. [Continue reading…]

World’s Best Matrix provide no information on their website about who owns or runs the business.

The World’s Best Matrix website domain (“worldsbestmatrix.com”) was privately registered on April 6th, 2017.

The official World’s Best Matrix Facebook group has two admins, John Dierksmeier and Isabelle Thellier. Of the two, Dierksmeier is a known serial MLM underbelly admin.

John Dierksmeier (full name John Dierksmeier Quesada) first popped up on BehindMLM’s radar in 2015 as the owner of 2×2 Wealth, a matrix cycler.

Other MLM opportunities Dierksmeier has since launched include Only7Bucks, Cafe Nopal, Eco Plus Network, My Secret Fortune and EZAdsNet and Amazing Pre Builder.

Earlier this year in January Dierksmeier launched Fund Your Success, a $10 Ponzi cycler. This was followed up by Simple Health International in March.

Read on for a full review of the World’s Best Matrix MLM opportunity. [Continue reading…]

My Next Aim provide no information on their website about who owns or runs the business.

The My Next Aim website domain (“mynextaim.com”) was privately registered on April 19th, 2017.

Further research reveals My Next Aim affiliates connecting the company with The Ads Leader.

This appears to be a legitimate connection, with the official The Ads Leader Facebook page currently flooded with My Next Aim marketing spam.

The Ads Leader is an adcredit Ponzi scheme launched in early 2017. The Ads Leader marketing plan sees affiliates invest $10 to $90 on the promise of advertised ROIs of up to 160%.

By mid-March it appears The Ads Leader was running out of money, with affiliates told they could only withdraw 200% of invested funds.

My Next Aim was registered a month later in April and launched only recently. Its sole purpose appears to be an attempt to inject new funds into The Ads Leader.

Ali Azlan is credited as the owner (admin) of My Next Aim.

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

Siting atop the One DreamTeam OneCoin affiliate downline, the Steinkeller Brothers were purportedly taking home around $2.5 million dollars a month (so claims Ted Nuyten).

With an established group of victims in One DreamTeam doing most of the recruiting work, all the brothers had to do was put in appearance at OneCoin events and continue to bank millions of dollars.

In the midst of OneCoin promising all manner of things in 2018 (OneCoin going public and actual third-party acceptance of the coin etc.) and the value of OneCoin continuing to rise (as set by the company), the Steinkeller Brothers have announced they’re abandoning ship.

Wait… what? [Continue reading…]

The latest regulator to issue a warning against investing in OneCoin is the Central Bank of Curaçao and Sint Maarten.

The warning, issued on May 23rd, applies to OneCoin, OneLife and the “OneLife Banking System” (believed to be the closed xCoinx exchange). [Continue reading…]