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

The iCoin Market website domain (“icoinmarket.com”) was first registered in April, 2013.

The domain registration details were recently undated on May 8th, 2017, suggesting this is when the current owner(s) took possession of it.

An address in Hong Kong appears on the iCoin Market website, with the same address appearing on the Click Intensity website.

Click Intensity is a Ponzi scheme launched in early 2016 by Nick Johnson.

Johnson’s ownership of iCoin Market can be confirmed by visiting Johnson’s Facebook profile, on which he refers to iCoin Market in the possessive:

When Click Intensity launched details on Johnson were scarce, leading to suspicion it was a bogus name.

Since the launch Johnson (right) has remained active on social media, where he promotes the various schemes he’s launched.

Click Intensity began collapsing about a year after launch. Johnson addressed this by launching another Ponzi scheme, Ads Cash Coin.

Through Ads Cash Coin, Johnson offloaded generated Ads Cash Coin points onto Click Intensity affiliates.

Initially purchased at 2 cents a point during prelaunch, Click Intensity affiliates were told the value of their Ads Cash Coin points would rise

to 0.25 cents to 0.50 cents just within launch and then easy to a $1 in 90 days of launch and then up to $10-$25 in 12 months thereafter to 24 months.

Ads Cash Coin went into prelaunch in February, 2017. As of July 4th 13th, the value of an Ads Cash Coin point was just 10.5 cents.

With affiliates demanding answers and once again desperate to recoup their losses, in mid June Johnson announced the launch of iCoin Market.

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

Enzacta was founded by Russ Hall in 2003 and operates in the personal care and nutritional MLM niches.

The company provide a corporate address in the US state of Wyoming on their website.

Further research reveals this address actually belongs to Corporations Today, who provide incorporation services in the US.

You get a clean, aged shelf corporation that’s had no activity and as such cannot have any debts or liabilities.

It has had no tax ID number and as such cannot owe any taxes.

This suggests that Enzacta exists in Wyoming in name only.

The official Enzacta Facebook page cites Mexico City, Mexico as the company’s location.

The Terms Of Use Agreement, as provided on the Enzacta website, claims the company operates out of Minnesota.

Our business is operated and provided in the State of Minnesota.

As such, we are subject to the laws of the State Minnesota, and such laws will govern this Terms of Use.

Not too sure what’s going on there. Wyoming, Mexico City or Minnesota, take your pick.

Russ Hall (right) serves as Enzacta’s CEO.

As per his Enzacta corporate bio, Hall began his MLM career with Enzacta;

He began his career in his mid-twenties, working in the multilevel marketing industry as one of the first IT programmers in a newly created international department for what is now the largest multilevel marketing company in the world.

After years of traveling and working in 23 countries as an IT programmer and problem solver, which eventually led him to the position of Director of Latin America, he chose to leave this growing company because of a strong desire to learn and contribute more to the industry.

During the next nine years, he worked, consulted and learned important business strategies from several large multi-level companies.

The experience and knowledge he gained working inside these companies and directly with the IBOs, became a very valuable lesson.

Thanks to his vast experience, Russ Hall opened the doors to ENZACTA in 2003 and introduced his unique and innovative business plan that has since redefined the network marketing industry.

In 2008 Marc McChesney, a then Enzacta affiliate, claimed Hall left his Amway position

when he realized how Amway was cheating all the hard working folks feeding the profitable few.

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

Rapid Growth Online Marketing provide no information on their website about who owns or runs the company.

The Rapid Growth Online Marketing website domain (“rapidgrowthonlinenet”) was registered on March 10th, 2017. Kevin Campbell is listed as the owner, with an address in London, UK also provided.

Further research reveals multiple businesses using the same address, suggesting it’s a virtual office. There’s also no information available on Kevin Campbell and his relationship to Rapid Growth Online Marketing.

An extremely blurry incorporation certificate for “RapidGrowth Online Marketing” is provided on the company website.

The certificate was issued to Mary Grace Oloya Cezar on March 8, 2017 by the Philippine Department of Trade and Industry.

A search of the DTI website confirms the incorporation is valid, however who Mary Cezar is and her relationship to Rapid Growth Online Marketing is again unclear.

Perusal of the Rapid Growth Online Marketing website reveals it is primarily targeted at residents of the Philippines.

Quoted prices for products are in the Philippine Peso and a contact address in Cavite, Philippines appears on the company’s “contact us” page.

It appears the UK information provided in the Rapid Growth Online Marketing domain registration is 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…]

Nexxus University launched in shadow of Global Currency Reserve Marketing’s collapse.

Tied to the GCR Coin, Global Currency Reserve Marketing was abandoned in January, 2016 following the revelation of an SEC investigation.

Shortly after confirming GCR Marketing’s closure, owner Bob Wood announced he was launching Nexxus University.

Partnering with persons unknown and registering the company in Belize, Wood claimed Nexxus University was intentionally launched outside of the US.

Through Nexxus University, affiliates can invest in Nexxus Coin. Despite claims that “software development” of Nexxus Coin was 90% complete as of June, 2016, to date a publicly-traded coin doesn’t exist.

Instead Nexxus Coin is billed as an “internal token that powers the Nexxus ecosystem”.

Or in other words, Nexxus Coin are points with a value set by Nexxus University. This means they have no application outside of the income opportunity and in the real world are worthless.

Alexa statistics for the various “Nexxus ecosystem” websites suggest the opportunity flopped. And seeing as it’s not publicly tradeable, the current value of Nexxus Coin is unknown.

Lately there’s been rumblings out of Norway, suggesting the company is gearing up for a new marketing push. That in itself is uneventful, however there are some rather colorful individuals at the helm. [Continue reading…]

Following a 2015 indictment and subsequent guilty plea on charges of wire fraud back in February, yesterday William Apostelos was sentenced to fifteen years in prison.

Apostelos and his wife Connie Coleman operated a $70 million Ponzi scheme, bilking around 480 investors out of over $20 million dollars. [Continue reading…]

Following an indictment on June 14th, Richard Maike and several top Infinity 2 Global affiliates have been arraigned.

At an arraignment hearing held on June 30th, Maike, Richard Anzalone, Faraday Hosseinipour, Doyce Barnes Dennis Dvorin and Jason Syn were arraigned yesterday. [Continue reading…]

A fortnight ago news broke that Cleber Rene Rizerio Rocha, better known as the TelexFree money mattress mule, wanted evidence obtained against him suppressed.

Cleber claims statements he made after his arrest were obtained “in violation of (his) Fifth Amendment right to counsel”. Evidence obtained from his phone meanwhile was obtained “without a warrant and without consent”.

In a June 27th response filing, the DOJ paint a different story. [Continue reading…]

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

The Active Matrix website domain (“autoactivematrix.com”) was privately registered on May 27th, 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…]

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

The MMM Dubai website domain (“mmmdubai.com”) was privately registered on October 20th, 2016.

MMM Dubai provide a link to UK incorporation for MMM Dubai Limited.

MMM Dubai Limited was incorporated with the UK Companies House on October 24th, 2016, four days after the MMM Dubai website domain was registered.

Four MMM Dubai Limited Directors are listed, all using an address belonging to a furniture store in London.

I wasn’t able to find any information on any of the four Directors outside of the incorporation, likely suggesting the entire filing is bogus.

Supporting this is a badly photoshopped certificate of incorporation for MMM Dubai Limited, purportedly issued by the Dubai Financial Services Authority.

As above, someone has photoshopped “MMM Dubai Limited” onto a certificate issued in May, 2014.

The alignment of the company name doesn’t match up and when compared to a legitimate certificate, the font for “MMM Dubai Limited” is different.

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…]

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

The CoinMD website domain (“coinmd.io”) was privately registered on May 3rd, 2017.

Further research reveals Tom McMurrain citing himself as CEO of the company in the CoinMD compensation plan.

Why this information is not provided on the CoinMD website is unclear.

Tom McMurrain (right) first appeared on BehindMLM’s radar as a prominent US investor in the OneCoin Ponzi scheme.

McMurrain stopped actively promoting OneCoin around mid-May, shortly after registering the CoinMD website domain. Whether McMurrain is still a OneCoin affiliate or not is unknown.

On the regulatory side of things, McMurrain is a convicted felon.

Between 1997 and 2000 McMurrain stole $9 million from 80 investors in a pay-day loan Ponzi scheme he called Emergency One Cash Card Inc.

In September 1997, McMurrain, a former securities dealer, formed a company called “Emergency One Cash Card Inc.”

The company made two- to four-week loans of between $300 and $500 to low-income borrowers at high interest rates (between 22 percent and 25 percent a month) using car titles as collateral.

McMurrain began the business with a store front at Tower Place in Buckhead. Eventually, he expanded the company to locations in Buford, Smyrna and Decatur, Ga., and a holding company called “Emergency One Holding Corp.”

McMurrain also created a boiler-room operation, “American Call Center,” so potential customers could borrow money by phone.

Over time, McMurrain employed 10 to 20 people to manage the storefronts and administer the operations, while McMurrain solicited investors to pump money into his companies.

McMurrain promised potential investors a 15 percent to 36 percent a rate of return annually on their investment — a rate much higher than available commercially.

McMurrain failed to tell investors his business was operating at a loss and the business was only able to make monthly interest payments to previous investors with funds invested by later investors.

He also did not disclose he used their investments to fund non-pay day loan businesses, including a loan of $700,000 to another McMurrain company, “Global E Tutor Inc.”

McMurrain also used investor funds to make uncollateralized loans to friends, and McMurrain failed to disclose to the investors that he spent $1.3 million of their investments in day trading and on a lavish lifestyle for himself.

In August and September of 2000, the business failed and McMurrain’s business declared bankruptcy in late 2000.

When the company went bankrupt, McMurrain and his immediate family fled to Central America.

After Bananama Republic reported on two arrest warrants issued against McMurrain, he sued them.

McMurrain lost the case and appealed, but before the appeal was decided on was arrested in 2004 on the aforementioned warrants.

Other cases included boating under the influence, assault, more fraud — McMurrain ran a high profile robbers den in Panama under the name “San Cristobal Land Development”.

In 2005 McMurrain was sentenced to 87 months in prison and had to pay back $7.5 million he’d stolen.

McMurrain was released in 2009/2010, after which he signed up as an affiliate with the TVI Express.

In 2010 McMurrain’s home state Georgia declared TVI Express was a pyramid scheme.

Of late McMurrain has been heavily involved in the cryptocurrency niche. The only MLM opportunity I’m aware McMurrain has been promoting however is OneCoin.

OneCoin ceased processing affiliate Ponzi points ROI withdrawals back in January. Since then affiliates have only been able to earn pyramid recruitment commissions, so I guess here we are with CoinMD.

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