Whereas some countries are taking a more proactive approach against OneCoin, others still grapple with a lack of regulatory authorization.

The latest country to fall into the latter category is Malta, following a OneCoin warning issued by the Malta Financial Services Authority. [Continue reading…]

When a regulator tells OneCoin or one of its shell companies to stop operating in a country, OneCoin’s standard response is “but OneCoin doesn’t operate in that country!”.

Technically OneCoin operates out of Bulgaria, through a shell Dubai incorporation. OneCoin was incorporated in Gibraltar but was kicked out late last year.

In an effort to combat the ruse of not operating in a country despite soliciting investment from thousands of local investors, the Norwegian Gaming Board has announced it is considering going after local OneCoin affiliates. [Continue reading…]

Powerhouse Feeder identify three company owners on their website; Darren Bradbury and Eddie Harrison from the UK and Eldon Conceicao from the US.

In his Powerhouse Feeder corporate bio, Darren Bradbury claims he’s been ‘living the laptop lifestyle and earning multiple 6 figure incomes for 6+ years‘.

Eddie Harrison’s bio states he’s ‘been in network marketing and internet marketing for 3+ years‘. Conceicao has purportedly ‘been in the web/software development industry for over 15 years‘.

MLM opportunities Darren Bradbury has promoted on his YouTube channel include My 24 Hour Income (collapsed Ponzi scheme), Leased Ad Space (cash gifting), GiftoBit (cash gifting), ZarFund (cash gifting), Stiforp (pyramid scheme) and My Ad Story (Ponzi scheme).

Eddit Harrison also promoted My 24 Hour Income, ZarFund, Stiforp and My Ad Story, in addition to Freedom5 (another Ponzi scheme).

Eldon Conceicao lists himself as a freelance website developer based out of Massachusetts. Powerhouse Feeder appears to be his first MLM venture.

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

My Trader Coin provide no information on their website about who owns or runs the business.

At the time of publication Alexa estimate that the top five sources of traffic to the My Trader Coin website are Ecuador (25%), Brazil (19%), Spain (15%), the US (14%) and the Dominican Republic (11%).

This corresponds with English, Spanish and Portuguese being offered languages for the My Trader Coin website.

It is highly likely that whoever is running My Trader Coin is based out of South America, the US or Spain.

Further research reveals André Feitosa being credited as a “top leader” in My Trader Coin.

Feitosa is/was good buddies with Sann Rodrigues and has been scamming people as far back as the iFreeX Ponzi scheme (early 2015).

Whether Feitosa was also a TelexFree Ponzi investor is unclear.

Last year Feitosa was promoting Bit Trader Banking. Having reviewed My Trader Coin’s business model in retrospect, both companies share identical compensation plans.

Alexa statistics suggest Bit Trader Banking recruitment flatlined in February, 2017. My Trader Coin was launched in March and by all appearances is a reboot.

André Feitosa being at the top of both schemes suggests he’s either running it or in with those that are (not unlike Sann Rodrigues running iFreeX but claiming he was only an affiliate).

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

The Ads Leader provide no information about who owns or runs the business on their website.

The Ads Leader website domain (“theadsleader.com”) was privately registered on October 18th, 2016.

Marketing videos on the official The Ads Leader YouTube channel are hosted by Patrick Collins. In the videos, Collins credits himself as “The Ads Leader Marketing Director”.

In a video on his own YouTube channel, Collins (right) states he’s ‘going to be managing the (The Ads Leader) website, strictly on a marketing basis‘.

Through the High Five Consultant co-op, Collins spent most of 2016 promoting various “revshare” and forex Ponzi schemes. Traffic Monsoon (shut down by the SEC) and My 24 Hour Income (collapsed) stand out as prominent examples.

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…]

Stack My Bits provide no information on their website about who owns or runs the company.

The Stack My Bits website domain (“stackmybits.com”) was registered on March 18th, 2017. Optimus Dale is listed as the owner, with an address in the US state of Arkansas also provided. Optimus Dale is an alias of Sherm Mason.

Sherm Mason first popped up on BehindMLM’s radar as the admin of Magnetic Builder.

Magnetic Builder was a $29.95 recruitment scheme launched in 2011.

In 2015 Mason (right), launched at least five dubious schemes:

• Paradise Payments (February 2015) – a $2 to $1000 cash gifting scheme
• Magnetic Gratitude (April 2015) – a $580 matrix-based Ponzi scheme
• Summer Fun Matrix (July 2015) – a $22 three-tier Ponzi scheme and
• 3×9 Millionaire Machine (September 2015) – a $3 in, $435 million dollars out Ponzi scheme
• Instant Pay Christmas (November 2015) – a $5 to $800 cash gifting scheme

In 2016 Mason doubled down on his efforts and launched Elite Pay Alliance (matrix-based cash gifting), 5 Dolla Money Lines (pass-up chain-recruitment), Adstraordinary (matrix-based cash gifting) and Cash Rally GPS (Ponzi cycler).

This year Mason has already launched three collapsed gifting scams; Easy Odds, Just Got Bitcoin and 1 Big Bitcoin Team.

1 Big Bitcoin Team launched only last month, the collapse of which has likely prompted Mason to try again with Stack My Bits.

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

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

The BeReal Estate website domain (“bereal.estate”) was privately registered on August 16th, 2016.

The BeReal Estate website lists three corporate addresses on their website, one in the UK, one in the Netherlands and one in Bulgaria.

The UK address belongs to London Presence, who offer virtual address services on their website.

A search of the Netherlands and Bulgarian addresses reveal multiple company’s using the same addresses, suggesting they are virtual in nature too.

As such it appears BeReal Estate exists in the UK, the Netherlands and Bulgaria in name only.

Alexa currently estimate Germany is the largest source of traffic to the BeReal Estate website (37%). India (17%) and Slovakia (11%) are second and third respectively.

Update 19th July 2017 – With Alexa traffic estimates suggesting BeReal Estate is well on its way to collapse, today I received an email from “John Miller” demanding removal of this review:

I have found my website review on your web page. That is totally fake review about our site.

I will take legal action if you don;t remove it in next 24-48 hours.

Thanks
John Miller

John Miller of course doesn’t exist. The email address used actually belongs to Pravin Shah, who operates out of Gujarat, India.

Seeing as Shah refers to the BeReal Estate website in the possesive, it is assumed he is running the company. /end update

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…]

Last we checked in My 24 Hour Income was up to its fourth collapse.

That was just over a month ago, with Burton finally deciding to pull the plug entirely last week. [Continue reading…]

Americans Serving Americans are extremely coy about the business opportunity side of the business.

A visit to the Americans Serving Americans website reveals a lot of “coming soon” messages. What is presented is a “movement” marketing pitch, complete with Trump’esque red caps, fundraising, franchisees, investment plans, sponsorships…

ASA’s Mission is to raise billions of dollars, through fun and exciting fund-raising events as well as commercial businesses, in order to provide hope, financial relief, and job opportunities to millions of Americans.

There’s a lot to digest and underneath it, the opportunity to make money.

Today we take a look into Americans Serving Americans’ income opportunity. [Continue reading…]

Following reports of local recruitment activity, on April 12th Canada’s Manitoba Securities Commission issued a Ponzi warning for Pay Diamond. [Continue reading…]