Just over a week ago Indian authorities in Mumbai filed a chargesheet against six OneCoin affiliates.

The affiliates stand accused of promoting the OneCoin Ponzi scheme in India.

To date officers from the Mumbai EOW have arrested twenty-three suspects in connection with the promotion of OneCoin across India.

Following up on the original chargesheet filed last month, the Mumbai EOW have filed a new chargesheet naming thirty suspects. [Continue reading…]

Lets Multiply provide no information on their website about who owns or runs the business.

The Lets Multiply website domain (“letsmultiply.com”) was privately registered on September 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…]

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

The DemixMine website domain (“demixmine.com”) was privately registered on March 12th, 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…]

Divvee launched mid last year to a lukewarm reception.

The company provided access to discounts for $9.95 a month, which never really took off with retail customers.

By the end of the year the company had added “Rank and Share” to its offering.

Divvee’s Rank and Share saw affiliates and free customers rewarded with points for rating mobile apps.

On the backend Rank and Share directly and residually on the recruitment of new Divvee affiliates.

Initially Rank and Share sparked renewed interest in Divvee, however from March interest once again began to wane.

Last month Divvee corporate and its affiliates began marketing something called Ryze AI.

Ryze AI is billed as a forex trading bot, attached to the free MetaTrader4 trading platform.

MetaTrader4 allows ‘end users to write their own trading scripts and robots that could automate trading‘, which is where Ryze AI enters the picture. [Continue reading…]

Back in 2014 the Norwegian Gaming Board wrapped up an investigation into Lyoness. The conclusion of the investigation saw the Gaming Board confirm Lyoness ‘does not engage in illegal activities in Norway‘.

Analysis of the Gaming Board’s official report revealed the regulator primarily relied on marketing material provided by Lyoness in their investigation.

Three years later, the Gaming Board has now reopened their investigation into Lyoness. [Continue reading…]

It was pretty obvious from the onset that IGOFX was just another Malaysian Forex Ponzi scam.

Passive monthly ROIs of 10% to 30% were touted, from persons unknown presumed to be operating out of Malaysia.

Now following confirmation that IGOFX has collapsed, it has been revealed that the couple running the Ponzi scheme were in fact living in China.

Recent news reports however claim in the wake of IGOFX’s collapse, the couple have since fled to Malaysia. [Continue reading…]

Earn Fast BTC provide no information on their website regarding who owns or runs the company.

The Earn Fast BTC website domain (“earnfastbtc.com”) was privately registered on June 24th, 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…]

MLM Regulation appears to be a bit ass-backwards in Malaysia.

After seizing over $40 million dollars and arresting MBI International founder Teddy Teow, Malaysian authorities released him and claimed they were still investigating.

Now the Domestic Trade, Cooperatives and Consumerism Ministry  has provided an update on the situation. [Continue reading…]

Simple Bit Matrix provide no information on their website about who owns or runs the business.

The Simple Bit Matrix website domain (“simplebitmatrix.com”) was privately registered on June 22nd, 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…]

Modern Money Team provide no information on their website about who owns or runs the business.

The Modern Money Team website domain (“modernmoneyteam.com”) was privately registered on May 25th, 2017.

Further research reveals Modern Money Team affiliates naming Dan Putnam as CEO of the company:

Why this information isn’t provided on the Modern Money Team website is unclear.

Dan Putnam first appeared on BehindMLM’s radar back in 2012, as owner of EPX Body.

In 2014 Putnam launched One80.

Whereas EPX Body was a legitimate MLM opportunity with a retailable product, One80 marked Putnam’s transition towards online marketing tools.

One80 flopped and a year later was followed up by Let Us Close, a short-lived recruitment scheme tied to an “advanced marketing system”.

A few months after launch Let Us Close was hitched to The Elite Networker, another monthly-fee based recruitment scheme.

The Elite Networker also flopped and was abandoned shortly after launch.

In mid 2016 Putnam returned with a reboot of One80, this time branded as an adcredit Ponzi scheme.

Alexa traffic estimates show some activity in January, 2017, followed by a sharp decline in interest.

The One80 reboot flopping has likely prompted Putnam to launch Modern Money Team.

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