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

The Libra Coin website domain (“libracoin.io”) was privately registered on November 17th, 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…]

Now Mining claim to be based out of London in the UK but don’t appear to have any actual business operations there.

Nothing comes up for “Now Mining” when you run a UK incorporation search on the company name.

Additionally, no contact details are provided on the Now Mining website.

The Now Mining website domain (“nowmining.com”) was privately registered on July 27th, 2017.

Luis Ortega is identified as the company’s CEO.

Ortega (right) appears to be based out of the Arizona in the US. As far as I can tell, he doesn’t seem to have an MLM history.

For all intents and purposes Now Mining appears to be operated from within the US.

Now Mining held their official grand opening on December 9th in Phoenix Arizona.

As per Alexa’s records, the US is also the largest source of traffic to the Now Mining website (64%).

For more we turn to an undated Now Mining conference call hosted by Oz Fuentes.

Fuentes states he’s based out of Phoenix, Arizona and claims to have been working in the MLM industry for ten years.

After introducing himself and others on the call, Fuentes starts breaking down Now Mining.

About four minutes into the webinar, Fuentes claims Now Mining is the official marketing arm of Genesis Mining.

[4:23] I found out that Luis had been working with Genesis Mining for about three years.

He’s been consulting for them, Genesis Mining. And he was chosen to be the President of CEO of Now Mining, who is the marketing arm for Genesis Mining.

Genesis Mining is a four year old company, debt free.

They’re worth about two billion dollars. They’ve mined about a hundred thousand bitcoin so far.

And they decided to launch their network marketing arm, Now Mining.

I tried to independently verify this information but couldn’t find anything connecting Luis Ortega or Now Mining with Genesis Mining.

Whether the company is indeed the network marketing arm of Genesis Mining remains unclear.

The fact that there’s no mention of Now Mining anywhere on the Genesis Mining website is pretty suspect.

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

Despite launching some six years ago, net-winners who illegally profited in the Zeek Rewards Ponzi scheme are still being pursued for the money they stole.

With determinations of who owes what finalized and a court ruling certifying the amounts legally binding, on December 20th the Receiver shared how the Receivership intends to enforce recovery. [Continue reading…]

Despite the SEC making it clear that MLM cryptocurrency opportunities are not exempt from securities regulation, some companies don’t appear to have gotten the memo.

One of those companies is Wealth Generators, who are currently gearing up to launch their “Crypto” mining contracts. [Continue reading…]

Back in October the TelexFree Trustee filed a proposal to resolve some 19,530 disallowed victim claims.

Concerned that they might be potentially held accountable for more than they stole, net-winners objected to the Trustee’s proposal.

The Trustee responded to these objections, asserting that net-winners had no say or standing in the victim claims process.

On December 26th the Trustee’s proposals were signed off on, paving the way for claim resolution. [Continue reading…]

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

The EigenCoin website domain (“eigencoin.co”) was privately registered on April 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…]

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

The LoanCoin website domain (“loancoin.com”) was privately registered on November 22nd, 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…]

Unix Coin provide no information on their website as to who owns or runs the business.

The Unix Coin website domain (“unixcoin.com”) was first registered on June 18th, 2016.

The registration was recently updated on November 23rd, which is when the current owner(s) acquired it.

As late as October, 2017 the Unix Coin website domain was up for sale.

At the time of publication Alexa estimate that Vietnam (30%) and South Korea (9.6%) are the largest sources of traffic to the Unix Coin website.

Marketing copy on the Unix Coin website strongly suggests that whoever is running it isn’t a native English speaker:

Unix Coin is a latest cryptocurrency emerging in the new era of digital financial world.

It is introduced in the innovative hybrid platform which allows investors to invest and increase their wealth sustainably [sic].

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…]

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

The EcomCash website domain (“ecomcash.io”) was privately registered on November 26th, 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…]

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

There is a vending machine payment app bearing a similar name (Monyx Wallet), however as far as I can tell the two companies are unrelated.

The Monyx website domain (“monyx.io”) was privately registered on November 17th, 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…]