My Bitcoin Matrix provides no information on its website about who owns or runs the business.

The My Bitcoin Matrix website domain (“mybitcoinmatrix.com”) was privately registered on January 30th, 2017.

At the time of publication Alexa estimate that 96% of traffic to the My Bitcoin Matrix website originates out of Malaysia. This strongly suggests that whoever is running My Bitcoin Matrix is also based out Malaysia.

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…]

In the aftermath of the preliminary injunction granted against Traffic Monsoon and owner Charles Scoville, donations to Scoville’s legal fund appear to have tanked.

As per the “Scoville Legal Defense Fund” website, $1520 has been donated as of March 31, 2017.

Legal costs for February, 2017 were $4840. Legal costs for March have not been disclosed.

Evidently Scoville and his mother have been doing the rounds on Facebook, pressuring top Traffic Monsoon investors to ramp up donation collection efforts.

This didn’t sit well with Sunil Patel, which purportedly prompted Scoville to “cross the line” on a private Traffic Monsoon WhatsApp group. [Continue reading…]

We Grow Bitcoins provide no information on their website about who owns or runs the company.

The We Grow Bitcoins website domain (“wegrowbitcoins.com”) was privately registered on January 21st, 2017.

Further research reveals the official We Grow Bitcoins Facebook page shares multiple marketing videos from Cory Holliman.

Perusal of Cory Holliman’s own Facebook profile reveals him sharing screenshots of the We Grow Bitcoins admin backoffice:

This strongly suggests Holliman is the owner of We Grow Bitcoins.

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

Orscorp Industries operate in the forex MLM niche and provide a corporate address in London, UK on their website. This is supported by a a provided UK incorporation certificate.

Further research reveals Orscorp Industries’ UK address is a virtual address provided by Regus. This suggests Orscorp Industries exists in the UK in name only.

The Orscorp Industries website identifies Davas Eric Mongi as founder of the company (November, 2016).

Mongi is credited with joining  Neto Trade as a Trading Manager in 2014 and LMFX as a Finance Manager in 2015.

I wasn’t able to independently verify who Davas Eric Mongi is, nor his purported forex history or whether or not he has any experience in MLM.

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…]

With a securities violation already under his belt, Keith Laggos wasn’t in a position to contest his involvement in the Zeek Rewards Ponzi scheme.

The SEC saw Keith Laggos as a Zeek insider and sued him for securities fraud on March 22nd.

Based on a Statement of Financial Condition Laggos provided last December, a settlement was submitted for court approval. [Continue reading…]

Tranont are based out of Utah in the US and operate in the service subscription MLM niche.

The company was founded in 2014 by CEO Lorne Berry.

As per his Tranont corporate bio, Berry (right) ‘spent 10 years working with large real estate subdivisions in Utah prior to founding Tranont‘.

He was an integral part of educating clients in real estate and market investments.

Among his significant former positions, he partnered in restaurants and also spent many years working in international business helping organizations expand into Asian markets.

While working in the education arena, training and working with individuals from many different walks of life, Mr. Berry saw a need in the marketplace.

He found that many individuals he worked with were struggling to get ahead and become financially independent in this complex financial landscape—from this idea was born Tranont.

As far as I can tell, Berry didn’t have an executive MLM history prior to launching Tranont.

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

Multi Stream Funnel provide no information on their website about who owns or runs the company.

In fact, at the time of publication, the Multi Stream website domain is little more than an email capture page.

The Multi Stream Funnel website domain (“multistreamfunnel.com”) was first registered on December 16th, 2015. The registration was recently updated on December 22nd, 2016.

Ryan Carlson is listed as the owner, with a residential address in the US state of Nevada also provided.

There is a Ryan Carlson in Utah involved in MLM, but I wasn’t sure it was the same guy until I came across Multi Stream Funnel promotional material on his Facebook wall.

Other MLM opportunities Carlson has recently promoted include TVC Matrix (recruitment) and Speed Feeder (Ponzi cycler).

Why the Multi Stream Funnel website domain is registered with a Nevada address when Carlson is based out of Utah is unclear.

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

Yes My Bitcoin provide no information on their website about who owns or runs the business.

The Yes My Bitcoin website domain (“yesmybitcoin.net”) was privately registered on March 5th, 2017.

At the time of publication Alexa estimate that France is the largest source of traffic to the Yes My Bitcoin website (39%). This suggests that whoever is running Yes My Bitcoin might also based out of France.

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…]

It’s the same old story, a Lyoness affiliate invests in Accounting Units, nobody signs up under them and so they lose thousands of dollars.

Between 2014 and 2015 a Lyoness affiliate in Switzerland invested 4500 CHF ($4510 USD).

When it became clear he wasn’t going to earn any money, the affiliate asked for a refund.

Lyoness refused and so the matter went to court. [Continue reading…]

Following a police investigation that began late last year, news today that several VenusFX scammers have been arrested in Malaysia. [Continue reading…]