Ultimate Bitcoin Builder provide no information on their website about who owns or runs the business.

The Ultimate Bitcoin Builder website domain (“ultimatebitcoinbuilder.com”) was privately registered on March 3rd, 2017.

The official Ultimate Bitcoin Builder Facebook group has one admin, Mindy Davis.

Having only been created a few days ago on May 2nd and featuring a stock image profile image, the account appears to be bogus.

Further research reveals the Ultimate Bitcoin Builder website uses name-servers of the “m2mfunds.com” domain.

M2M Funds was a cash gifting scheme launched by someone who goes by the name “omclub” on social media. In addition to Mindy Davis, omclub also goes by John Williams.

Omclub first popped up on BehindMLM back in 2015 as the admin of Super 2×7 Matrix.

Super 2×7 Matrix was a cycler Ponzi, followed up by M2M Funds in early 2016. M2M Funds saw affiliates invest funds on the promise of a daily ROI of up to 2%.

M2M Funds collapsed soon after launch and was replaced by Quick Cycler, another Ponzi cycler, in mid 2016. Quick Cycler launched in May and collapsed two months later in June.

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

Following the filing of an appeal by Charles Scoville, there’s been some uncertainty as to the status of the court-appointed Receivership.

In particular, whether or not recovery efforts would continue while the appeal was being decided on.

While distribution payments might not be possible pending the outcome of the appeal, the good news is the Traffic Monsoon Receivership will still continue to work towards recovering investor losses. [Continue reading…]

Zenith Gold operate in the gold MLM niche and name Lenny Bruce as Operations Director of the company.

No specific information about Bruce is provided, but the company does claim he has

extensive experiences in the fields of exploration, finance, development, mining & marketing (and a) proven track record of success in grassroots discovery in acquiring and developing undervalued assets and in building corporation.

I myself was unable to find any third-party information about Bruce with respect to Zenith Gold.

Further research reveals these claims are copy and pasted from a 2008 Lydian International press-release:

As far as I can tell Lydian International is a legitimate mineral exploration company that has nothing to do with Zenith Gold.

The word “companies” in the original copy above was replaced by “corporation” by Zenith Gold. Once can safely assume the rest of the content on the Zenith Gold website is also spun from other sources.

The Zenith Gold website domain (“zenithgolds.com”) was privately registered on July 21st, 2014.

Given the lack of information provided about Lenny Bruce and the stolen copy and paste content, it’s highly likely that Zenith Gold’s Lenny Bruce doesn’t actually exist.

A corporate address in the British Virgin Islands is provided on the Zenith Gold website, however this appears to belong to a shell company provider.

Alexa currently estimate that 92% of traffic to the Zenith Gold website originates out of Malaysia. It follows that whoever is actually running Zenith Gold is thus also based out of Malaysia too.

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…]

Chris Principe had a budding career going in to bat for MLM underbelly Ponzi schemes.

Having already enjoyed exposure of his Financial IT magazine for running a cover story on OneCoin and speaking at a company event, Principe was cozying up to Skyway Capital for his next gig.

Like OneCoin, Skyway Capital is also a Ponzi scheme.

Despite this, Skyway Capital pulled the pin on Principe’s deal after they became aware of his previous connection to OneCoin.

Skyway did not want to be associated with Principe because of the adverse effect it would have on Skyway’s business, reputation and ability to find investors.

In 2017, Skyway canceled its agreement with Principe because Skyway found statements … on the Internet linking Principe directly as a promoter of a Ponzi scheme and (Skyway Capital) did not want to be associated with Principe.

Talk about irony…

Now, in an April 4th lawsuit in which he claims losses in excess of $75,000, Principe is out for blood. [Continue reading…]

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

The Be Granted website domain (“be-granted.com”) was privately registered on November 11th, 2016.

According to Alexa, Nigeria is currently the largest source of traffic to the Be Granted website domain (26%).

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…]

Truevine Net Connect provide no information on their website about who owns or runs the business.

The Truevine Net Connect website domain was registered on April 5th, 2017. Adebayo Samuel from McElyon Nigeria Limited, with an address in Kaduna, Nigeria also provided.

As far as I can tell, McElyon appears to be a Nigerian wood export company that has nothing to do with MLM.

Possibly due to language barriers, I was unable to put together an MLM history on Samuel.

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…]

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

In fact at the time of publication, the Fairty Life website is only accessible with an affiliate referral link, and even then it’s nothing more than an affiliate login/sign up page.

The Fairity Life website domain was registered on February 28th, 2017 and appears to contain bogus information. An address in Antarctica for “John Karna” is provided as ownership details.

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…]

High Ticket Income System operate out of Pennsylvania in the US and claim to be ‘backed by Dps Marketing Group LLC‘.

DPS Marketing Group is owned by Dale Payne-Sizer, who first appeared on BehindMLM as the admin of Infinity Profit System in 2016.

Infinity Profit System was a two-tier cash gifting scheme that collapsed a few months after launching.

Dale Payne-Sizer has a long history of association with MLM underbelly cash gifting schemes.

The same Pennsylvania corporate address provided on the High Ticket Income System website also appears on the Reverse Commissions website.

The Gift Me Bitcoins website uses the name-servers of the Reverse Commissions domain, tying both companies to DPS Marketing Group and Dale Payne-Sizer.

Both Reverse Commissions and Gift Me Bitcoins are recently launched cash gifting schemes launched. Alexa traffic statistics suggest Gift Me Bitcoins has already collapsed, with Reverse Commissions headed in the same direction.

The collapse of both has likely prompted Payne-Sizer to try again with High Ticket Income System.

Read on for a full review of the High Ticket Income System MLM opportunity. [Continue reading…]

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

The Gain Bitcoin website domain (“gainbitcoin.com”) was on March 26th, 2013. Mark Lee is listed as the owner, with an address in Singapore also provided.

Other than a suspiciously empty LinkedIn profile that credits Lee as CEO of Gain Bitcoin, there is no information available that ties him to the company.

Of note is Mark Lee’s location of New Delhi, India on his LinkedIn profile. It is highly unlikely the CEO of a Singapore company would be based in India.

It is also highly likely that Mark Lee, as represented in the Gain Bitcoin domain registration, doesn’t actually exist.

The Gain Bitcoin Terms and Conditions state the company belongs to the Singapore company VariableTech PTE LTD.

Things get even more murky upon consideration of a “Team and Company Information”, which links to a PDF file about Amaze Mining and Research LTD.

In addition to Gain Bitcoin, VariableTech also run The Bitex.

We provide flagship Bitcoin related services in the field of exchange, cloud mining, eCommerce, utility payments across different countries in Asia.

Amazing Mining and Research LTD claim on their website that they have ‘produced up to 200% yearly returns on the investment in Alt-coin Mining‘.

Amazing Mining and Research is headed up by CEO Amit Bhardwaj (right), who is based out of India.

An since deleted Gain Bitcoin marketing video featuring Amit Bhardwaj published earlier this year was archived by Coin Journal. In the video Bhardwaj touts a 10% monthly ROI through Gain Bitcoin.

Why Bhardwaj is not openly credited as the owner of Gain Bitcoin, which very much appears to be an Indian operation with no ties to Singapore, is unclear.

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…]

Yesterday we covered a lawsuit filed by Valentus’ former SlimRoast coffee supplier, alleging they were owed $3.18 million dollars.

In response to the lawsuit Valentus mostly denied the accusations. They also filed a counter-claim of their own, which alleges their former supplier Advanced Laboratories International

engaged in a deliberate and calculated campaign to misappropriate Valentus’ goodwill, raid its distributors, and destroy its business.

Valentus’ counter-claim has also dragged Vitae Global into the fray as a named counter-defendant. [Continue reading…]