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…]

My Travel Biz operate in the travel MLM niche. The company does not provide a contact address on its website.

The My Travel Biz Facebook page states the company is in Las Vegas, Nevada with no address provided.

Heading up My Travel Biz are co-founders Atif Kamran (President) and Geraldine Aquino (CEO).

Atif Kamran and Geraldine Aquino are seasoned professionals in the direct selling industry.

They have experienced their fair share of successes and have acquired rich experience while building successful global businesses.

Geraldine and Atif’s vision to build a business that would showcase only the good of the industry shows their passion to help others achieve the success they deserve.

With this in mind, MyTravelBiz was born.

Prior to launching My Travel Biz, Atif Kamran and Geraldine Aquio were attached to the LEO pyramid scheme.

Geraldine Aquino was appointed COO of LEO in April, 2015.

On his LinkedIn profile, Atif Kamran credits himself as a co-founder and Chief Marketing Officer of LEO since 2012. Prior to LEO Kamran had links to Unaico.

Kamran is based out of the UK while Aquino is based out of Canada. If My Travel Biz is incorporated in Nevada, it appears to be so as a shell company with no physical presence.

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

The People’s Options provide no information on their website about who owns or runs the business.

The People’s Options website domain (“thepeoplesoptions.com”) was first registered on December 18th, 2015. The domain registration was last updated on December 23rd, 2016.

Steven Tiffany of Papa Group LLC is listed as the owner, with an address in the US sate of Minnesota also provided.

Further research reveals this address is actually that of a UPS Store.

I wasn’t able to find any information on Steven Tiffany’s role within The People’s Options.

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…]

LuLaRoe are a fashion-based MLM company that have been around since 2012.

Christina Hinks, a former LuLaRoe affiliate,  is a “mommy blogger” who goes by the alias MommyGyver.

MommyGyver is also a website, on which Hinks frequently blogs about LuLaRoe.

Much like what we publish here on BehindMLM from time to time, MommyGyver’s articles on LuLaRoe are of the whistleblower variety.

As I write this a Google search for “lularoe” on MommyGyver returns two hundred and thirty-two hits, most of which are accounts from former affiliates and staff (either directly or as source-material).

Hinks (right) claims since she started blogging about LuLaRoe she’s been contacted by “thousands”of past and present affiliates

The latest article on MommyGyver, dated September 23rd, details the story of Phil.

Phil is purportedly a former LuLaRoe customer care employee who claims he was fired for caring too much.

Phil explained to me that he had really loved his job.  So much so, that he justified making less than half of his previous hourly rate with Wells Fargo as- “Ok, because I felt fulfilled and better as a person.”

Phil represents the pay was not good at all, but the reward for helping the scores of women that called in for answers was well worth it to him.

Phil reports that he started to notice a change in the caliber of people LuLaRoe was hiring.  They went from truly caring individuals to young and cocky people that he often heard bragging about the way they treated people that called in.

He said they hire uncaring people.  “If you’re a person that doesn’t care about people, they like you.  Before, it was different. Now, it’s just all greed.”

“These kids will just hang up on you.  Tell them (callers) that ‘it is what it is’, is there anyone higher than you I can speak to?  No. Then just hang up on them.”

Yesterday was just like any other day- until his friend and colleague who he had taken under his wing was terminated for reporting having anxiety from working in the same call center.

He remembers that- “When he was hired, Jordan Brady told me to help him out.  He was a ‘blue’, please take care of him, Phil.” He told me.  What Phil didn’t know was 30 minutes later, he’d be following his friend out the doors forever.

Martha called him into the office, and that’s when he saw the envelope.  After a year and six months of what he felt was LuLaRoe taking precedent in his life- the culture becoming his culture- he was handed an envelope and given the explanation that- “This isn’t the right fit for you.”

Another alleges deals made with LuLaRoe warehouse staff made at the expense of affiliates, who were unable to fill customer orders due to product shortages. Other articles cover the use of copyrighted works on LuLaRoe leggings without permission.

LuLaRoe see the claims made in these articles like these as “confidential and proprietary business information”.

The company doesn’t want this information in the public sphere, and through legal means seeks to put an end to it. [Continue reading…]

Titus Community operates in the cryptocurrency niche and is headed up by CEO Maxim Moneta.

As per Moneta’s Titus Community corporate bio;

He is from Ukraine but has the last five years lived in Stockholm, Sweden, where he has been involved in several startup IT projects.

Presumably Titus Community is operated out of Sweden, however the company appears to consist of shell companies in various European jurisdictions.

Titus Community is the operating company in the Titus sphere.

The community and networking model is essential in the creation of many distributors able to link online and offline merchants to the Titus Coin world.

The linked companies will join Titus Community loyalty program and offer various discounts and cash backs.

30% of the profits from these services is used to operate Titus Community Ltd and profits are forwarded to Titus Invest Ltd.

Titus Invest Ltd is a holding company registered in Malta, holding the Intellectual Properties and 100% of the shares in Titus Community Ltd.

Titus Invest Ltd is owned 90% by Maddox Business Services Ltd, London, UK and 10% by VIP Coin Sparkassa Financial Union.

VIP Coin Sparkassa is a Swedish Financial Union and as such under control of the Swedish Financial Inspection according to the law (2004:297).

Seems pretty extreme for an MLM company no?

Of note is the mention of Fennas Finance, which Titus Community states

is an external service engaged by Titus Community and Titus Invest to deliver software for direct sales activities, payment services, compliance services and some operational functions.

Fennas Finance first popped up on BehindMLM’s radar in 2015, as part of the Icon Sachs Limited Ponzi scheme.

With the ownership of Ichon Sachs Limited also unknown, I concluded Fennas Finance was “a shady payment processor run by persons unknown.”

And here’s where things get really murky…

Swedish incorporation records for VIP Coin Sparkassa list Elena Anguelova Chipkovenska, Tor Anders Petteroe and Henning Witte on its Board of Members:

Tor Anders Petteroe is the CEO of Towah Group, a payment processor responsible for millions of dollars in Ponzi losses over the years.

Towah processed funds for Bidify, Funky Shark, Wenyard and Conligus. All Ponzi schemes whose respective collapses resulted in widespread investor losses.

The owner of Towah, Harald Ekker, recently launched his own Ponzi scheme, Crowdbridge Global.

In 2013 Norway’s FSA opened an investigation into Towah Group, however nothing appears to have come of it. Ekker and Petteroe remain at large.

Who Elena Anguelova Chipkovenska is I have no idea, but she’s the (Russian/Ukranian) link between Towah and Fennas Finance.

“Moderbolag” is Swedish for “parent company”. Ie. Anders Petteroe owns Fennas Finance, which means he was also behind Ichon Sachs Limited.

This is a crucial link because VIP Coin Sparkassa is responsible for selling Titus Coins to Titus Community affiliates.

VIP Coin Sparkassa has been issued 200 million Titus coins. These are to be sold to members of the Titus Community.

Or in other words, VIP Coin Sparkassa (Anders Petteroe) controls all of the money going in and out of Titus Community.

Everything else built around that is just for show.

And so now you know why, instead of appearing as a legitimate MLM company, Titus Community’s corporate structure looks and sounds more like an organized crime syndicate.

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

Continuing their pursuit of professionals who enabled the $3 billion dollar Ponzi scheme TelexFree, the SEC today announced it has banned Joseph Craft from appearing before them as an accountant. [Continue reading…]