NWorld, also known as Alphanetworld Corporation, was founded in the Philippines in 2015.

The company is registered with the Philippine SEC and appears to be up to date with their registration filings.

NWorld operates in the personal care MLM niche and is headed up by President and CEO, Juluis Nolasco (right).

According to Nolasco’s NWorld corporate bio, he

stumbled upon MLM … more than 15 years ago.

I saw how this great opportunity affords people, regardless of age, gender, socioeconomic status and educational background, a fair and promising means to make their lives better.

I took the leap of faith and soon found myself engross with this business.

I started as an agent; a distributor or member as popularly called by many.

I engaged and gave myself to this industry. I focused my energy and passion on my goals.

I climbed up the ladder of success to becoming one of the youngest and most decorated top producers of those companies I was engaged with.

Soon enough, my talent was given further recognition when I was offered a top executive post and to be a co-owner of an MLM company.

Being an MLM practitioner, an MLM top executive and an owner at the same time gained me some of the most intensive and comprehensive experiences that brought me success feat both here and abroad.

I have managed local and foreign companies in several countries, in different time zones and business setups.

The reasonably gratifying wealth I have made and the influence that I wield in this industry came as a bonus.

The day has come when Providence took its course and rewarded me my own MLM company.

The prior company Nolasco is referring to is Royal Business Club.

Royale Business Club was also based out of the Philippines and marketed personal care products and nutritional supplements.

During Nolasco’s tenure as President, Royale Business Club was fined $8.13 million dollars for tax evasion in 2015.

In effect, Royal substantially underdeclared its correct taxable sales by 387% or P151.64 million ($3.43 million) in 2011; 122% or P129.69 million ($2.93 million) in 2012; and by 80% or P157.38 million ($3.56 million) in 2013.

Also charged for the same violations were its officers: Royale president Julius Allan Nolasco.

These charges appear to have prompted Royal Business Club to collapse, with the launch of NWorld taking place a few months later.

Read on for a full review of the NWorld MLM opportunity.

[Continue reading…]

Last we checked in the Zhunrize Receiver had sought approval for 2858 victim claim payouts, coming in at $41 million.

Zhunrize affiliates had initially filed for $99 million in losses, however $58 million in claims were deemed bogus.

On March 10th the Receiver’s request was granted, paving the way for victim claim distribution. [Continue reading…]

Other than claiming to be Xtreme Coin provide no information on their website about who owns or runs the business.

The Xtreme Coin website domain (“xtremecoin.com”) was privately registered on May 30th, 2017.

This is somewhat ironic, as Xtreme Coin claim it is run by “real people” who “believe in transparency and accountability”.

In an Xtreme Coin marketing video titled “Xtreme Coin Launch”, published to Darren Little’s YouTube channel, Ari Maccabi claims

[5:33] We found out the main owner of the business is actually the guy behind Ingreso Cybernetico.

Ingreso Cybernetico was a matrix cycler Ponzi scheme launched in 2014.

Alexa traffic estimates show a sharp decline from January earlier this year, strongly suggesting Ingreso Cybernetico has collapsed.

Ingreso Cybernetico was headed up CEO Dwayne Golden. At the time of publication however it’s unclear whether Golden is the “main owner” referenced by Ari Maccabi.

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…]

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

The LeaderBit website domain (“leaderbit.biz”) was privately registered on July 17th, 2017.

LeaderBit Limited was incorporated in the UK on July 21st, 2017.

The address used to incorporate LeaderBit Limited belongs to Corporation House, who provide company formation and virtual office services.

Eddy Smith is listed as the sole Director of LeaderBit, using the same virtual office address.

As such it’s highly likely that Eddy Smith doesn’t actually exist. LeaderBit Limited is little more than a shell company that exists in the UK in name only.

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…]

One of the lesser-known MLM Ponzi points schemes out there is Net Leaders.

Hitched to DasCoin and initially launched as Coin Leaders last year, Net Leaders is your typical Ponzi points scheme.

Net Leaders affiliates invest in DasCoin points on the typical “we’re gunna be the next bitcoin!” promises.

DasCoins to date are not publicly tradeable and are completely worthless outside of the Net Leaders MLM opportunity.

In what appears to be a blatant attempt at legitimacy by association, last week Net Leader affiliates began claiming future collaboration with the Maltese government. [Continue reading…]

BizNet operate in the forex and cryptocurrency MLM niche.

On the BizNet website Alexander Chebotarev (Technical Director) and Grigory Shemet (Marketing Director) are named co-founders of the company.

Other than referral by name in BizNet marketing material, no information on Chebotarev’s or Shemet’s MLM, forex or cryptocurrency trading histories exists.

The BizNet website domain (“biznet.pw”) was first registered on March 1st, 2016. The registration details were last updated on January 11th, 2017.

Grigoriy Shemet [sic] is listed as the owner, through an address in Saint Petersburg, Russia.

The BizNet website itself is hosted in Belize, an offshore tax-haven.

BizNet Group LLP was incorporated in the UK on March 20th, 2017.

Oleksandr Chebotarov and Grigory Shemet are listed as Directors. Chebotarov through an address in the Ukraine and Shemet the same domain registration address in Russia.

With BizNet having no physical business operations in the UK, it appears BizNet Group LLC is nothing more than a shell company.

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

Elcore Invest name Adam Klyaynkhaysler as “head” of the company.

No additional information on Klyaynkhaysler is provided, with his MLM history unclear.

It’s worth pointing out the name “Adam Klyaynkhaysler” appears only on the Elcore Invest website, which is highly suspicious.

The Elcore Invest website domain (“elcore-invest.com”) was privately registered on June 9th, 2017.

On its website, Elcore Invest claims to be registered in the Cayman Islands with a head office in Budapest, Hungary.

Although Elcore Invest claim the company and Adam Klyaynkhaysler are based out of Hungary, Alexa cite Russia as the largest source of traffic to the Elcore Invest website (47%).

Given the lack of information about Klyaynkhaysler provided, it’s highly likely that whoever is actually running Elcore Invest is 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…]

Bitcoin5 provide no information on their website about who owns or runs the business.

The Bitcoin5 website domain (“bitcoin5.com”) was privately registered on March 28th, 2017.

A corporate address in Manchester, UK is provided on the Bitcoin5 website. Further research however reveals this address is actually virtual office space provided by Regus.

“Bitcoin 5 Limited” was incorporated in the UK on April 3rd, 2017.

Adam Bates is listed as the sole Director of the company, through a different residential address in Manchester.

Given the lack of information provided about Bates and the generic sounding nature of the name, it is highly likely that he doesn’t exist.

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 a (very) brief publication, Luxembourg’s Commission de Surveillance du Secteur Financier has issued a warning against OneCoin. [Continue reading…]

Specifics are sketchy at this stage, but on August 24th Pakistan’s City42 news reported a government crackdown on OneCoin.

City42’s report was picked up by the Pakistan blog Tech Juice, who provided a more English-friendly version of the announcement. [Continue reading…]