There is no information on the BTC Eden website indicating who owns or runs the business.

The BTC Eden website domain (“btceden.com”) was privately registered on December 27th, 2016.

Alexa currently estimate that Russia is the largest source of traffic to the BTC Eden website. This suggests that whoever is running BTC Eden is also likely based out of Russia.

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 collapsed MMM Nigeria Ponzi scheme has claimed another victim, following a young man’s passing last Monday.

Adakole, as the young man was known, was due to be wed last December.

On December 14th, MMM Nigeria suspended all affiliate withdrawals and effectively collapsed. This prompted Adakole to drink insecticide, in an apparent bid to end his life.

How much money Adakole invested into MMM Nigeria is unclear. [Continue reading…]

Regulatory concerns about OneCoin are heating up in Norway, with news that the country’s top regulator has asked to attend a recruitment event this Saturday.

Norwegian banks have also started blocking investment into OneCoin. [Continue reading…]

StemFoods began life as Stem Vida back in 2012. The company is based out of Ontario in the US state of California.

From what I can make out Stem Vida was renamed to StemFoods, following the divorce of owner and CEO Victor Chavez.

Word on the grapevine is Chavez’s ex-wife, Susana Manzanares, now owns the company following the divorce. Victor Chavez doesn’t appear to be involved.

The StemFoods website identifies Manzanares (right) as CEO and “one of the founders” of the company. Who the other founders are is not disclosed.

As far as I can tell Stem Vida was Manzanares’ first MLM venture. Today the Stem Vida website redirects to that of StemFoods.

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

There is no information on the AfricanBits Club website indicating who owns or runs the business.

The AfricanBits Club website domain (“africanbits.club”) was privately registered on February 8th, 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…]

Click Intensity launched last year as a $25 in, $30 out adcredit Ponzi scheme.

Just shy of a year from launch, Click Intensity appears to be on the way out:

No doubt desperate to raise ROI revenue, Click Intensity is now gearing up to enter the pump and dump MLM cryptocurrency niche. [Continue reading…]

There is no information on the Bit Wins website indicating who owns or runs the website.

The Bit Wins website domain (“bitwins.com”) was privately registered on January 24th, 2016.

The official Bit Wins Facebook group lists Peter Borel as the sole admin of the group.

Borel is based out of Gothenburg, Sweden and announced the launch of Bit Wins on his Facebook profile on February 9th.

Other MLM underbelly scams advertised on Borel’s Facebook page include One Link Matrix, Crypto 24×7, Viral Crypto, Crypto Orbis, Passive Crypto, My Ads Family, The Ads Team, BitDonix, 2×4 Club, M2M Crowdfund, Bitcoin 4 Passive and MMM Global.

Most of these are bitcoin cash gifting schemes, with a few Ponzis thrown in for good measure.

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

XinHua For You started out as Formor International.

Back in 2015 the company entered a joint-venture partnership with their Chinese supplier, Changsha Xin Quan Xin Lin Biologic Nutrient Supplement Co., LTD.

As per a blog post on the Formor International website;

The name of the newly formed joint-venture company is XinHua International Biological, LLC, operating under the trade name XinHua for You.

We are finalizing the joint-venture by merging the existing ForMor product line and compensation plan into XinHua. ForMor International will now be known as XinHua for You.

Why the joint-venture took two years to put together is unclear. It clearly isn’t finished though, with the Formor International website still up and various social media profiles still using the Formor name and branding.

Even XinHua-branded media is mostly hosted on the old Formor International website domain.

The face behind XinHua For You is founder He Shu Jin.

XinHua For You corporate bio refers to He as a “highly successful business man”.

He was born in a small, farming village in central China, He learned to work hard and value his education. As a young man, he left his small village to find a good job and be able to better support his family.

Because of his strong work ethic, his ability to solve problems, and his leadership ability, he quickly rose to become the head of Ansu, Ltd, a publicly-traded company on the Schenzen Exchange in China.

Then, he founded Hunan Xinhua Pharmacy, Ltd in Changsha, China. This company is a pharmaceutical manufacturing company which supplies over 20,000 retail outlets all over China.

In addition to pharmaceutical products, Xinhui produces traditional Chinese medicines, plant extracts, and much more.

The Chinese government uses many of the processes and procedures Mr. He developed as the standard of excellence by which other companies are measured.

In 2014, he founded, XinHua for You, LLC., an Arkansas-based nutritional supplement company.

Formor International itself was founded back in 1996 by Stan Goss.

On the management side of things, XinHua For You is run by CEO Michael Goss. Michael Goss is the son of Stan Goss and served as President of Formor International.

Having joined the then family business, I don’t believe Goss has an MLM history outside of Formor International and now XinHua For You.

Read on for a full review of the XinHua For You MLM opportunity. [Continue reading…]

Nerium is involved in so many lawsuits at the moment that I’m finding it difficult to keep track of them all.

There’s the Dennis Windsor lawsuit, the Modere lawsuit, the “chemical burns & disfigurement” lawsuit….

One that slipped through the cracks update wise was the Nerium Skincare lawsuit, filed in August, 2015. [Continue reading…]

It takes a certain type of character to front online Ponzi schemes that rip people off for millions of dollars each year.

Sadly it comes as little surprise to learn one of Traffic Monsoon’s prolific cheerleaders has a history of domestic violence. [Continue reading…]