Bitcoin Instant Payment System provide no information on their website about who owns or runs the business.

The Bitcoin Instant Payment System website domain (“bitcoininstantpayment.com”) was privately registered on March 11th, 2017.

Further research reveals there are two admins in the official Bitcoin Instant Payment System Facebook group; Sükür Hassan and Andie Vincze.

The Sükür Hassan account appears to be bogus and has no content (indicative of a purchased Facebook account). Andi Vincze does appear to be a real person, with marketing for multiple MLM underbelly scams appearing on her Facebook timeline.

Vincze appears to be an affiliate rather than admin however, so it’s doubtful she is running Bitcoin Instant Payment System.

It’s worth noting that the website template for Bitcoin Instant Payment System is the same as Global Bitcoin Profits, a recently launched bitcoin gifting scam.

Whether the same admin(s) is/are running both companies 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…]

Cryp Trade Capital provide no information on their website about who owns or runs the business.

The Cryp Trade Capital website domain (“cryp.trade”) was privately registered on August 1st, 2016.

The company does provide an incorporation document dated December 20th, 2016, purportedly showing incorporation for “Cryp Trade Capital Holding SL” through Spain’s Agencia Tributaria. The documents do not reveal who owns Cryp Trade Capital.

There doesn’t appear to be a search function on the Agencia Tributaria website, so whether the documents are genuine or not is unclear.

In any event providing meaningless documents is typically a tactic deployed by scams, as opposed to just providing information about company ownership.

This appears to be the case with Cryp Trade Capital.

At the time of publication Alexa estimate that Germany is the largest source of traffic to the Cryp Trade Capital website (29%). Spain comes in at fifth, making up just over five percent.

Also supporting that Cryp Trade Capital is being by someone from Germany is the “Rubin” affiliate rank. “Rubin” is German for “Ruby”.

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…]

The beef between 5Linx’s former CEO Craig Jerabeck and former partners Jason Guck and Jeb Tyler has escalated, following criminal charges filed by the DOJ.

Arrest warrants were issued for Jerabeck, Guck, Tyler earlier this week, in conjunction with a criminal complaint filed on March 21st. [Continue reading…]

Keith Laggos was involved with Zeek Rewards almost from inception.

Laggos joined Zeek Rewards as a paid consultant around June 2011 and shortly after, the company switched from guaranteeing a 125% ROI on every bid purchased, to paying a variable ROI over 90 days.

Laggos publicly credited himself as the prime instigator of the change and claimed he’d ‘been able to help (Zeek Rewards) change the comp plan to keep within the pyramid scheme and Ponzi scheme laws’.

In hindsight, we all know how that turned out.

By August of 2012 Laggos had turned on Zeek Rewards and was instead soliciting investment into the Lyoness Ponzi scheme.

Laggos promoted Lyoness as a “plan B” for Zeek Rewards and pitched it directly to his Zeek downline of about 4500 affiliates.

This didn’t go down to well with Paul Burks, and eventually lead to a parting of ways between Zeek Rewards and Laggos. This prompted Laggos to warn his Zeek downline that the FTC were likely to “hit Zeekler within six months”.

At the time Laggos claimed he was making about $40,000 a month through Zeek Rewards. Later that month, on August 18th, 2012, the SEC filed a lawsuit and shut the company down.

Earlier this week, some five years after they first took Zeek down, the SEC filed a separate lawsuit against Laggos. [Continue reading…]

At the time of publication Lifebrook provide no information on their website about who owns or runs the company.

Further research reveals Tony and Jennifer Heisterkamp identified as the company’s founders on the official Lifebrook Facebook page.

The Heisterkamp’s are based out of Iowa and run the Eden Valley Apple Orchard & Farm.

As per a 2011 interview with KMEG 14 Fox44 Siouxland News, Tony Heisterkamp (right with Jennifer) retired from selling furniture in 2005. Shortly after that he started Eden Valley Apple Orchard & Farm, on which he grows organic apples and aronia berries.

As far as I can tell, Lifebrook is Heisterkamp’s first MLM venture as an executive.

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

After a long investigation and over a hundred arrests, twenty-two uFun Club scammers have been sent to prison in Thailand.

Forty four uFun Club scammers stood trial on Wednesday. Twenty-two were found guilty and the remaining twenty-one were acquitted ‘due to insufficient evidence‘. [Continue reading…]

Infinity BTC Cycles provide no information on their website about who owns or runs the business.

The Infinity BTC Cycles website domain (“infinitybtccycles.com”) was registered on March 1st, 2017.  Jairo Enrique Cruz Feria of Webzone Colombia is listed as the owner, with this appearing to be a hosting company.

Last month the bitcoin gifting scam Infinity BTC launched with the same domain registration details. It appears that whoever owns Infinity BTC also owns Infinity BTC Cycles.

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…]

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

The CoupeCoin website domain (“coupecoin.com”) was privately registered on October 11th, 2016.

The CoupeCoin website does claim an “investment group based in Germany” are behind the company, but no further information is provided.

Conflicting with this is the claim that CoupeCoin is also “located in Delaware, USA”. To me this sounds like a shell company registration, but again no further information is provided.

Oh and then there’s the Seychelles address for “Cesarone Future LTD” provided as “contact info” on the CoupeCoin website. Nothing suss.

At the time of publication, Alexa estimate that almost a quarter of traffic to the CoupeCoin website originates out of India.

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…]

The DOJ wanted ten years, Merrill’s lawyers argued for just over a year… Judge Hillman mulled both side’s arguments and decided on six years. [Continue reading…]

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

The Global Bitcoin Profits website domain (“globalbitcoinprofits.com”) was privately registered on February 20th, 2017.

At the time of publication Alexa estimate that Nigeria is the largest source of traffic to the Global Bitcoin Profits website. This suggests that whoever is running Global Bitcoin Profits is likely also based out of Nigeria.

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…]