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 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…]

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 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…]

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…]

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…]

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…]

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…]

One of the last insider holdouts of the Zeek Rewards Ponzi scheme is Howard Kaplan.

Whereas pretty much everyone else who profited from the operation of Zeek Rewards has settled and been stripped of the fraudulently obtained funds they were paid, Kaplan is challenging the Receiver and heading to trial. [Continue reading…]

Last we checked in the SEC were seeking Final Judgment against TelexFree cofounder and President, James Merrill.

In a parallel criminal case Merrill was sentenced to six years prison back in March.

According to a filing by the Trustee in July, the SEC had also reached a stipulated settlement agreement with TelexFree’s CFO, Joseph Craft.

In a September 12th press-release, the SEC have confirmed approval for both settlements. [Continue reading…]