Arkonix Mining Review: 5475 day cloud mining ROI & recruitment
Arkonix Mining provide no information about who owns or runs the business on their website.
The Arkonix Mining website domain (“arkonix.eu”) was privately registered on September 16th, 2017.
The Arkonix Mining website uses both USD and EUR as currencies, suggesting whoever is running the company is also based out of Europe.
This corresponds with an address in Ticino, Switzerland provided in the footer of the Arkonix Mining website.
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…]
Saivian Ponzi President EJ Dalius buys $16.5 million Miami mansion
One of the larger Ponzi scheme launches of 2015 was Saivian.
Initially headed up John Sheehan, Saivian’s business model was as pure of a Ponzi scheme as they come:
Pay $125 a month, recruit others who did the same and earn up to $3000 a day. That’s it.
Despite operating out of the US, for some reason Saivian didn’t attract the attention of the SEC. At least not publicly. [Continue reading…]
Ukey Review: UKEY points ICO lending Ponzi scheme
Ukey provide no information on their website about who owns or runs the business.
The Ukey website domain (“ukey.io”) was privately registered on December 3rd, 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…]
Carlos Wanzeler stripped of Brazilian citizenship (extradition finally?)
Breaking news on US efforts to extradite TelexFree owner Carlos Wanzeler on criminal charges, following a decision to strip Wanzeler of his Brazlian citizenship.
Can’t say I saw this one coming… [Continue reading…]
Avon closing Australia and New Zealand, 21,000+ reps abandoned
On February 15th Avon announced it would be closing operations in Australia and New Zealand by the end of 2018.
From the sounds of it, Avon’s announcement came as a complete surprise to the company’s 21,400 Australian representatives.
How many representatives Avon has in New Zealand is unclear. [Continue reading…]
Another $1.8 mill collected from Zeek Rewards net-winners
The Zeek Rewards Receiver files his quarter four report for 2017 on February 15th.
The Zeek Receivership has mostly wound down, however a few outstanding clawback related tasks remain. [Continue reading…]
Seigneur Coin Review: SEI points ICO lending Ponzi scheme
Seigneur Coin provide no information on their website about who owns or runs the company.
The Seigneur Coin website domain (“seigneurcoin.co”) was privately registered on December 15th, 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…]
USI-Tech securities cease trade order issued in Ontario
Whereas USI-Tech regulatory warnings by other Canadian provinces have been mostly passive (alerts, warnings etc.), Ontario has upped the stakes by issuing a temporary cease trade order against the company and two affiliates. [Continue reading…]
Bitcoiin sign Steven Seagal as ICO Brand Ambassador?
When you’re just another pump and dump altcoin launch in a see of thousands, you can either work on actually adding to cryptocurrency or try to gimmick your way to legitimacy.
Through the hiring of Steven Seagal as Brand Ambassador, take a guess which route BitCoiin have chosen. [Continue reading…]
Digital Altitude prelim injunction hearing delayed, TRO extended
Following a Temporary Restraining Order granted against Digital Altitude and owner Michael Force on January 29th, a preliminary injunction hearing was scheduled for February 15th.
On February 12th the FTC filed a joint Stipulation to a Continuance of the hearing, which was granted the same day. [Continue reading…]
