Along with the usual hackers and DDOS excuses, Know Your Customer is fast becoming a popular reason for Ponzi admins to stop paying out. [Continue reading…]

With the President of Croatia scheduled to speak at a OneCoin sponsored event today, now a warning from the country’s top financial regulator. [Continue reading…]

Synergy Worldwide is based out of Utah and operate in the nutritional supplement MLM niche.

The company was founded in 1999 by Dan Higginson, who primarily focused marketing Synergy Worldwide in Japan.

Dan’s goal was to build a company that would help people everywhere attain better health, grow more prosperous, and support communities in need.

A year or so after launch Synergy Worldwide was sold off to Nature’s Sunshine Products (NSP), the company behind Nature’s Sunshine.

NSP own and operate Nature’s Sunshine and Synergy Worldwide in parallel, with both company’s products manufactured by NSP in Utah.

Synergy Worldwide is still run by Dan Higginson under NSP ownership, with Dan Norman serving as President.

I wasn’t able to ascertain if Higginson (right) had any MLM experience prior to founding Synergy Worldwide. His corporate bio suggests before Synergy Worldwide he was speaking professionally and consulting on personal growth and corporate management.

Some of this work probably crossed over into MLM (speakers and consultants are often hired to appear at MLM company events), which may have laid the foundation for Synergy Worldwide.

Dan Norman is credited with

many years of experience in the network marketing industry and an extensive background in all aspects of information technology.

Prior to his appointment at Synergy Worldwide, Norman appears to have been an executive at Morinda.

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

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

The Bitcoin Grower website domain (“bitcoingrower.tech”) was privately registered on January 13th, 2017.

the official Bitcoin Grower Facebook group currently has four members, only three of which show up.

Of the three none are credited as admin of the group, suggesting the fourth member might be behind the company.

Whether this is a Facebook glitch is unclear. I suspect the account used to create the Bitcoin Grower group might have been intentionally deleted.

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…]

375 Cash Daily provide no information on their website about who owns or runs the business.

The 375 Cash Daily website domain (“375cashdaily.com”) was privately registered on January 24th, 2017.

A 375 Cash Daily promo video on its website is hosted on a YouTube account bearing the name “MMPS Mymultiplestream”.

The same channel popped up last month in connection with the 150 Cash Magic Ponzi scheme.

This YouTube channel is associated with the My Multiple Stream website. My Multiple Stream is an MLM underbelly scheme downline builder.

Scams promoted through the website include My 24 Hour Income, The Ads Team, My 1 Dollar Business, All In One Profits, Global Moneyline and CrazeBTC.

Who is running My Multiple Stream is unclear.

Alexa statistics for the 150 Cash Magic website reveals sluggish growth throughout February. Certainly not enough to sustain a Ponzi scheme, which has likely prompted the launch of 375 Cash Daily.

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…]

There is no information on the World Net Leads website indicating who owns or runs the business.

The World Net Leads website domain (“worldnetleads.com”) was registered on December 13th, 2016. Mariano Bartoletti is listed as the owner, with an address in Sardinia, Italy also provided.

This is in line with Alexa’s estimate of Italy currently being the largest source of traffic to the World Net Leads website (61%). Italian is also an offered language on the World Net Leads website.

Possibly due to language-barriers, I was unable to find any further information on Mariano Bartoletti.

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…]

In an attempt to score a PR gig for OneCoin, Ruja Ignatova took out corporate sponsorship for the Congress of South East European Women Entrepreneurs’ upcoming March 8th event.

The Congress will be held on … 8th of March 2017 in Zagreb and we expect more than 500 woman entrepreneurs from Slovenia, Bosnia and Herzegovina, Montenegro, Macedonia, Serbia and Croatia.

Our goal is to make better access and existence of woman´s enterprises on the market of their country but also in the region.

The Congress’ annual event is held with assistance with the Croatian capital city of Zagreb, ‘under the auspices of the President of the Republic of Croatia Ms. Grabar Kitarovic‘.

How much of stolen investor funds Ignatova spent on OneCoin’s sponsorship of the event is unclear.

At the time of publication OneCoin’s logo is featured prominently on the Congress’ website:

As part of OneCoin’s sponsorship, Ignatova was also scheduled to speak at the event. Following an investigation by the organizer of the Congress event, it now appears Ignatova has been dropped as a speaker. [Continue reading…]

The Ads Team Academy is an MLM opportunity launched under The Ads Team brand.

The Ads Team is an adcredit Ponzi scheme launched late last year by former OneCoin scammers.

The Ads Team Academy appears to be a new attempt to sustain investment into the scheme.

Read on for a full review of The Ads Team Academy MLM opportunity. [Continue reading…]

There is no information on the 2×9 BitMax website indicating who owns or runs the business.

The 2×9 BitMax website domain (“2x9bitmax.com”) was privately registered on January 10th, 2017.

The official 2×9 BitMax Facebook group lists five admins; Kamran Baig, Atolagbe Dorlee, Steve John, Martin Germer and Faye Brown.

The generic-sounding Steve John is the listed referral if one visits the 2×9 BitMax website without an affiliate referral link. This suggests he is running the show.

Unfortunately Steve John doesn’t appear to exist. The Steve John Facebook profile was created in December, 2016 and hosts no content.

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…]

There is no information on the Star Crypto Mine website indicating who owns or runs the business.

The company does however claim to be a

sister concern [sic] company of Perenco. Perenco, a Leading Independent Exploration and Production Company for Oil and Gus [sic].

Perenco is a legitimate oil and gas exploration company founded in 1975. Other than Star Crypto Mine copying the Perenco website (both in design and content), there is no verifiable information suggesting Perenco and Star Crypto Mine are related in any way.

The Star Crypto Mine website domain (“starcryptomine.com”) was privately registered on October 21st, 2016.

At the time of publication Alexa estimate that India is the largest source of traffic for the Star Crypto Mine website. This suggests that whoever is running Star Crypto Mine is likely also based out of India itself.

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…]