Following a request for briefings on the duties and powers of the appointed Traffic Monsoon Receiver, an amended order has been filed. [Continue reading…]

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

The BeeCash website domain (“beecash.co”) was registered on November 28th, 2017.

“Beecash coin” is listed as the owner with what appears to be bogus details (eg. “Registrant City: United Stage”).

Official BeeCash marketing videos are narrated with a thick European accent. This suggests that whoever is running the company is likely also based out of Europe.

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…]

Bitron provide no information on their website about who owns or runs the company.

The Bitron website domain (“bitron.io”) was privately registered on January 1st, 2018.

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…]

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

The QatarCoin website domain (“qatarcoin.co”) was privately registered on November 19th, 2017.

Despite the name, it appears QatarCoin has nothing to do with Qatar.

At the time of publication Alexa estimate Nigeria (20%) and India (11%) are the top two sources of traffic to the QatarCoin website.

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…]

FirstCoin are set to have their FRST altcoin dumped from the LiveCoin exchange, following the revelation the company is under police investigation in “at least 2 countries”. [Continue reading…]

Naturally Plus operate in the nutrition MLM niche and are based out of Tokyo, Japan.

In addition to Japan, Naturally Plus has offices in Taiwan, Hong Kong, Korea, Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam, Brunei and the US.

Naturally Plus was founded in 1999 and is headed up by CEO and President, Takaaki Nagoshi.

Nagoshi’s Naturally Plus corporate bio reveals nothing about himself and instead reads as an advertisement for the company.

Naturally Plus in the US goes by the acronym “NPUSA” and is headed up by CEO and Director, Takashi Tajima (right).

Beginning his career with an explosive success in the industry as a top distributor in a Japanese MLM company, earning several million USD in his 20’s, Takashi joined Naturally Plus as an executive in charge of opening one of the first offices overseas in Taiwan and Hong Kong.

With more than a decade of involvement, as a skilled trainer, he has guided hundreds of Naturally Plus Affiliates in Asia to achieve their success, and now, he takes the lead to bringing that opportunity to the United States.

Possibly due to language-barriers, I was unable to research what MLM companies Tajima had been involved in prior to signing up with Naturally Plus.

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

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

The Arkonix Mining website domain (“arkonix.eu”) was privately registered on September 16th, 2017.

The Arkonix Mining website uses both USD and EUR as currencies, suggesting whoever is running the company is also based out of Europe.

This corresponds with an address in Ticino, Switzerland provided in the footer of the Arkonix Mining website.

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…]

One of the larger Ponzi scheme launches of 2015 was Saivian.

Initially headed up John Sheehan, Saivian’s business model was as pure of a Ponzi scheme as they come:

Pay $125 a month, recruit others who did the same and earn up to $3000 a day. That’s it.

Despite operating out of the US, for some reason Saivian didn’t attract the attention of the SEC. At least not publicly. [Continue reading…]

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

The Ukey website domain (“ukey.io”) was privately registered on December 3rd, 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…]

Breaking news on US efforts to extradite TelexFree owner Carlos Wanzeler on criminal charges, following a decision to strip Wanzeler of his Brazlian citizenship.

Can’t say I saw this one coming… [Continue reading…]