Young Living fined $760,000 for trafficking rosewood & spikenard oil
Following an investigation into the illegal trafficking of essential oils, earlier today the FTC announced it was fining Young Living $500,000.
The company is also required to pay $135,000 in restitution and $125,000 as a “community service payment”. [Continue reading…]
$33.8 million recovered from Zeek Ponzi net-winners to date (45.4%)
The granting of Final Judgment against outstanding Zeek Rewards net-winners last month seems to have hastened settlement agreements.
Last we checked in a few hundred net-winners had settled as of May, 2017.
As per a Motion to Approve Settlement Agreements filed on August 25th, that number has since ballooned out to 1,792. [Continue reading…]
Visalus prohibited from voiding equity shareholders’ legal rights
Despite representing affiliates who invested in Visalus’ “Founders Equity Incentive Plan” were accepted and qualified for two years, the company recently sough to back-pedal on its representations and agreements.
The dirty move appears to be a direct response to a round of document subpoenas, served on Visalus and a top affiliate by the Colorado Securities Division.
The securities investigation was instigated by a complaint filed by Caprece Byrd, a current Visalus affiliate.
In a separate lawsuit filed approximately two weeks later, Byrd alleges she and over a thousand other Visalus affiliates were lured by Visalus corporate into a fraudulent investment scheme. [Continue reading…]
Power Mining Pool Review: €50 EUR in, €70 EUR out Ponzi scheme
Power Mining Pool operate in the cryptocurrency MLM niche and are headed up by Andrew and Mike Conti.
The Power Mining Pool website is hosted in France. At the time of publication Alexa estimates the UK is the largest source of traffic to the Power Mining Pool website (54%).
Other than representing Andrew and Mike Conti are brothers based out of Europe, no specifics are provided.
On the Power Mining Pool website, the Conti brothers are represented by cartoon avatars. I had a poke around for their MLM histories and turned up nothing, which I’m flagging as highly suspicious.
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…]
Asirvia and Royaltie partnership terminated, both sides claim initiation?
The notion of one MLM company building its business around the products of another MLM company was always a strange one. Yet such was the relationship between Royaltie and Asirvia.
Or at least was up until now. Citing numerous contractual obligation failures, on September 14th Asirvia terminated their business relationship with Royaltie. [Continue reading…]
Peru issues Pay Diamond, OneCoin, CoinSpace & MMM Global warning
Peru has grouped some of the top MLM Ponzi schemes doing the rounds and issued a collective consumer warning.
The warning was issued on September 9th by Superintendencia De Banca, Seguros & AFP (SBS), Peru’s top financial regulator. [Continue reading…]
Crowdbridge Global Review: CBG Coin altcoin with pyramid recruitment
Two days ago BehindMLM published a firstlook of the Crowdbridge Global MLM opportunity.
The company appears to be based out of Europe and is run by co-founders Hans Pasveer and Harald Ekker.
For Pasveer and Ekker’s respective MLM histories, please refer to our published Crowdbridge Global firstlook.
One key component missing from our firstlook was the CrowdBridge Global compensation plan, which I’ve since learnt has been made public.
After going over it I concluded I had enough to publish a full review of Crowdbridge Global.
The source material is Hungarian, which I’m not a native speaker of. Still, some of the presentation slides were in English and I’m familiar enough with MLM compensation plans to piece the rest together.
Read on for a full review of the Crowdbridge Global MLM opportunity. [Continue reading…]
WCM777 Receiver confirms ~$14.9 million returned to affiliate victims
Last we checked in approximately $21 million was scheduled to be returned to WCM777 victims in February.
In the Receiver’s Fourteenth Interim Report, filed September 7th, we finally got confirmation payments went out as planned. [Continue reading…]
Third Chinese OneCoin affiliate arrests uncovered, $1.2 million in losses
Up until recently BehindMLM was aware of and reported on two separate arrests of Chinese OneCoin affiliates.
The first arrests took place in April, 2016, around the time OneCoin intended to hold a “grand ceremony” event in Harbin (north China).
The event was quietly dropped following a raid on a OneCoin promotional event in Guandong and arrest of three affiliates in March.
The bust appeared to be of one of the larger Chinese OneCoin affiliate groups, with authorities in Guandong eventually recovering $45.7 million dollars.
Earlier this month news broke of another round of arrests, this time thirty-five OneCoin affiliates arrested, jailed and fined in Zhuzhou City, Hunan Province (north of Guandong).
In between these two busts was yet another investigation and arrest of Chinese OneCoin affiliates, previously unreported until a week ago. [Continue reading…]
OneCoin pyramid scheme warning issued by Polish regulator
A year ago Poland’s Ministry of Justice received a public enquiry regarding OneCoin.
The enquiry sought to establish whether OneCoin was potentially beaching Polish banking laws.
A subsequent investigation into OneCoin by the National Prosecutor’s Office uncovered potential breaches of “unfair market practices”.
The investigation findings were forwarded to the Office of Competition and Consumer Protection (UOKiK), who today announced the conclusion of their own investigation. [Continue reading…]
