Despite promises to return earlier this month after MMM Nigeria collapsed in December, widespread reports suggest most affiliates in the cash gifting scheme are not getting paid.

In addition to withdrawal restrictions put in place in the hope affiliate recruitment will pick up again, now it appears MMM Nigeria’s top affiliate has fled the country. [Continue reading…]

In contrast to the speed of which European authorities are investigating the scheme, OneCoin warnings from consumer protection agencies continue to roll in.

The latest is a January 25th warning from Slovenia’s Consumer Association. [Continue reading…]

It appears a dispute has broken out between the scammers behind the SwissCoin Ponzi scheme.

In a press-release the Swiss law firm Kanzler Schulenberg & Schenk have announced they’ve obtained an interim injunction against the scheme.

According to the press-release, SwissCoin was up until recently under the control of Eurosolution GmbH. [Continue reading…]

The 50K Profits website identifies “John and Lynn” as owners of the company. No specific information about the couple is provided.

Further research reveals “John” is John Toth.

Toth first appeared on BehindMLM radar back in 2015 as the admin of 20K Profits.

20K Profits was a $20,000 cash gifting scheme. At the time of publication the 20K Profits website was non-responsive, suggesting the scheme has collapsed.

Prior to launching 20K Profits Toth (right) was an affiliate with Inspired Living Application (mobile videos) and Bioceutica (health and wellness).

Read on for a full review of the 50K Profits MLM opportunity. [Continue reading…]

The Spillover Factory website identifies Mike Maxwell as Director of the company. An address in the US state of Delaware is also provided.

Further research reveals this address actually belongs to Bobbi Rhian’s Executive Lounge, which doesn’t appear to have anything to do with Spillover Factory.

No information on Mike Maxwell is provided on the Spillover Factory website.

The Spillover Factory website domain (“spilloverfactory.com”) was privately registered on December 12th, 2016.

The Spillover Factory website also default to German, which is strange for a company that is purportedly run out of the US. Alexa also estimate that 25% of all traffic to the Spillover Factory website originates out of Germany.

Put all of this together and it’s highly likely Mike Maxwell doesn’t exist. The Spillover Factory is likely being run by someone of German origin based out of Europe.

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 interview with German radio station SR3, Thomas Beutler of Saarland’s Consumer Protection Center has warned against OneCoin investment. [Continue reading…]

BK Boreyko is best known in the MLM industry for founding Vemma back in 2004. At its peak, Vemma was doing hundreds of millions of dollars in annual sales.

In 2015 the FTC shut Vemma down for being a pyramid scheme.

The case played out in court until December 2016, wherein Vemma reached a settlement agreement with the FTC.

In addition to $237 million dollar partially suspended and $470,136 payable fines and the surrender of various real estate and business assets, Vemma and Boreyko agreed to cease pyramid scheme business practices.

About a month after the FTC Vemma settlement, Boreyko (right) announced a new MLM business venture, Bode Pro.

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

In one of the more dramatic MLM underbelly arrests we’ve seen, earlier this month Cleber Rene Rizerio Rocha was apprehended at a Best Buy in Massachusetts.

Rocha led HSI agents back to a “stash house”, where they found $20 million stashed under a mattress. Rocha was allegedly acting on behalf of Carlos Wanzeler, who wanted to launder about $40 million in stolen TelexFree Ponzi funds to Brazil.

Wanzeler fled the US after regulators shut down TelexFree in 2014. He remains a fugitive on the run.

On January 23rd Rocha’s detention hearing was held. Judge Dein has ordered Rocha to remain in detention until his criminal trial. [Continue reading…]

There is no information on the 150 Cash Magic website indicating who owns or runs the business.

The 150 Cash Magic website domain (“150cashmagic.com”) was privately registered on January 4th, 2017.

A marketing video on the 150 Cash Magic website is hosted on a YouTube account bearing the name “MMPS Mymultiplestream”.

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.

I wasn’t able to ascertain who is running My Multiple Stream.

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 Coin Accelerator website identifies Louis Kramon as founder of the company.

Kramon claims to be ‘an internet marketer seeking to promote financial empowerment across the world‘.

No specific information is provided about Kramon on the Coin Accelerator website.

Louis Kramon appears to be a made up name. A Google search turns up three results, one of which is the Coin Accelerator website itself (the other two are ancestry and birth record related).

The Coin Accelerator website (“coinaccelerator.com”) was privately registered on November 26th, 2016.

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…]