Cleber Rocha, accomplice of TelexFree’s Carlos Wanzeler, was indicted back in March for money laundering.

The indictment followed the arrest of Rocha in January, after authorities caught him distributing large sums of money on Wanzeler’s behalf.

Information provided by Rocha lead to the seizure of twenty million dollars, hidden under a mattress in an apartment Rocha was staying at.

Upon indictment Rocha entered a not guilty plea on April 5th.

His latest filing on the case docket however suggests that’s going to change later this month. [Continue reading…]

Laser Online launched a few months ago and operate in the cryptocurrency MLM niche.

The company claims to be incorporated in the US state of Delaware and names Antonio Garley as CEO on its website.

Garley seems to exist solely in marketing images published on the Laser Online website. I was unable to find any third-party information on him (on any platform), which I’m flagging as highly suspicious.

As for the Delaware incorporation, a “certificate of formation” published on the Laser Online website reveals it was done through Harvard Business Services.

Harvard Business Services offer company formation services in Delaware. The address featured on the certificate is also that of Harvard Business Services.

What this means is Laser Online has no physical presence in Delaware and is operating as a shell company.

Where Laser Online is actually being operated out of and the location of its management are unclear.

The Laser Online website domain (“laser.online”) was initially privately registered on October 23rd, 2016.

The domain registration was last updated on June 13, 2017, suggesting this is when the current owners acquired it.

The official Laser Online Facebook profile was created three weeks later on July 8th.

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…]

EZ Bitcoin Matrix provide no information about who owns or runs the company on their website.

The EZ Bitcoin Matrix website domain (“ezbitcoinmatrix.com”) was privately registered on May 4th, 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…]

The beef between Youngevity and Wakaya Perfection continues to intensify.

In a September 12th filing, Youngevity filed a motion requesting sanctions for witness tampering. [Continue reading…]

Coins N Dollars provide no information on their website about who owns or runs the business.

The Coins N Dollars website domain (“coinsndollars.com”) was privately registered on July 13th, 2017.

The official Coins N Dollars Facebook group has one admin, Jack Browne.

The Jack Browne profile was created in May, 2016 and has no content other than a few profile photo changes. This suggests the account is bogus and was likely recently purchased by whoever is actually running Coins N Dollars.

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…]

Malaysian authorities have a reputation of being one step behind scammers that operate locally.

Recently the country has lifted its regulatory game, but unfortunately it’s still far to easy for those running Malaysian scams to evade arrest. [Continue reading…]

Titan Trade Club provide no information on their website about who owns or runs the business.

The Titan Trade Club website domain (“titantradeclub.com”) was privately registered on July 18th, 2017.

A marketing video on the Titan Trade Club website is hosted on a YouTube channel bearing the name “Willian Heloy”.

According to Heloy’s Facebook profile, he’s based out of Sao Paulo in Brazil.

Based on the information currently available, Heloy’s specific role within Titan Trade Club isn’t clear.

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…]

Ad Pack Pro was a Ponzi scheme initially launched in 2015. The  current adcredit iteration was launched on or around March, 2016.

Headed up by CEO Peter Mueller (right), Ad Pack Pro solicited  €25 EUR investment deposits on the promise of a  €30 EUR ROI.

By January 2017 the scheme had collapsed, prompting a flood of complaints to the Public Prosecutors Office in Basel, Switzerland.

After some fifty complaints against Ad Pack Pro and Muller had been filed, Public Prosecutors opened an investigation back in May. [Continue reading…]

According to a published “company profile”, VMA Life initially launched as Vemma Asia.

Vemma Asia was

founded in 2004 by Kenneth Koh in partnership with BK Boreyko from the United States.

Under Kenneth’s careful guidance and leadership, the company has grown to become a regional powerhouse in the field of premium liquid nutrition in Asia over the last 12 years.

In 2015 Vemma Asia changed its name to VMA Life.

Realizing the huge potential of the Asian market, Vemma Asia re-evaluated and re-strategized its vision and mission, and subsequently, VMAlife was born in late 2015.

Well, that’s one way of putting it.

In August, 2015 the FTC alleged Vemma was a $200 million dollar pyramid scheme and shut it down.

That saw Vemma Asia drop the name and reboot as VMA Life a few months later.

There’s no mention of BK Boreyko on the VMA Life website today, putting a question mark over whether he’s still tied to the company.

VMA Life retains Vemma’s orange and green color pallete for marketing. “VMA” is also an obvious abbreviation of “Vemma”.

Vemma Asia Founder Kenneth Koh (right) serves as CEO of VMA Life.

Koh seems to be the main driving force behind the business and, at least publicly, in charge of the company.

Koh’s corporate bio credits him with a career in the media prior to founding Vemma Asia.

It was only after a relative became ill that Koh got involved in MLM.

When his brother was diagnosed with cancer with only six months to live, Kenneth began scouting for health products.

On one of his trips to America, he chanced upon a liquid-based supplement.

After doing some personal research, Kenneth decided to give it to his brother.

12 years on and his brother is alive and well.

He attributes his brother’s amazing recovery to the daily consumption of the product.

That’s a testimony from the CEO of VMA Life, in an official VMA Life marketing brochure, attributing consumption of Vemma’s products with curing his brother of cancer.

Having witnessed the miraculous effects the product had on his brother, Kenneth was convinced of its benefits and sought to bring the product into Asia to offer other people a chance at renewed health.

Any guesses on how Koh might have marketed Vemma throughout Asia?

Interestingly enough VMA Life’s Policies and Procedures warns affiliates they cannot

claim that drinking VMAlife will help treat diabetes, heart disease, cancer, or any other disease.

Wink wink, nudge nudge.

At the time of publication VMA Life has offices in Singapore (head office), Malaysia, Hong Kong, Indonesia, Taiwan and Thailand.

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

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

The RegalCoin website domain (“regalcoin.co”) was privately registered on July 7th, 2017.

Time provided on the RegalCoin website is that of Hong Kong local time. Marketing copy on the site also suggests whoever designed it is not a native English speaker.

Posts on the official RegalCoin Twitter page suggest the company first tried to launch in August. That flopped and so they attempted to relaunch on September 21st.

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…]