Ormeus Global recently went into prelaunch so specific details about the company, its business model and compensation plan are sketchy.

When Ormeus Global intends to launch and whether or not they’ll disclose basic information about the company is unclear, however at this time they are taking sign ups.

That means it’s time for an Ormeus Global prelaunch review… [Continue reading…]

The MLM underbelly doubler business model is nothing new. Affiliates sign up and invest, with a 200% ROI offered either via a set timetable or open-ended.

The only source of revenue to pay the ROI is subsequently invested funds, making every doubler a Ponzi scheme.

HYIP scams have been using it with fiat currency for years, however recently there’s been a surge in cryptocurrency doublers.

To the best of my knowledge, the first scheme to combine cryptocurrency with the doubler model was GladiaCoin. [Continue reading…]

With twenty-four OneCoin affiliates already behind bars, Indian authorities are closing in on top Indian OneCoin affiliates.

The latest out of India is reports that the Economic Offenses Wing are “hunting” four Indian nationals and Mary Beyance and Ereena Andreva. [Continue reading…]

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

The Cointherum website domain (“cointherum.com”) was privately registered on May 27th, 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…]

For his part in aiding and abetting William Apostelos to run a $70 million dollar Ponzi scheme, attorney Steven Scudder was criminally charged early last year.

Scudder plead guilty to one count of wire fraud in January and was up for sentencing this week. [Continue reading…]

BullionVault is owned by Galmarley Limited, who in turn are a subsidiary of BullionVault LTD.

All three are UK corporations with a physical address in London, UK.

BullionVault was founded in 2005 and is headed up by Chairman Paul Tustain (right).

As per Tustain’s BullionVault corporate bio reveals he was working in the banking sector before getting into gold.

Sensing that more people would soon be looking to buy gold (Tustain) started planning BullionVault in 2002.

Development of BullionVault, which he funded, started in late 2003, and the BullionVault service was launched in spring 2005 supported by investment from 30 friends, family and business angels.

He was CEO from launch until 2016, during which time the business grew to become the world’s biggest online investment bullion service.

In addition to running BullionVault, Tustain also co-founded WhiskyInvestDirect in 2015.

WhiskyInvestDirect is a non-MLM company that offers a whisky investment service. Of the two companies, BullionVault definitely appears to be the stronger.

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

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

The Pacific Ads website domain (“pacads.com”) was privately registered on April 4th, 2017.

The official Pacific Ads Facebook group has one admin, Shakeel Babar.

On his personal Facebook page, Babar has been promoting the Pacific Ads admin account referral link.

Shakeel Babar is based out of Malaysia and initially appears to have envisioned his company as another MLM altcoin pump and dump scam:

Why Babar scrapped his plans for PCoin is unclear.

Babar began promoting Pacific Ads back in April. Prior to that he was promoting The Ads Team, 10 Ads Pay, Ads Crypto, Elite Earner’s Club, BTC Quake, Adz Firm, My Ads Family, RevCoin, Creative Adz Group, Ad Crump, Green Day Pay, Ultimate Revshare, BeOnPush, and Traffic Hubb Ponzi schemes.

Babar was also an affiliate in the Bit Wins, Crypto 24×7, Passive Crypto, Viral Crypto, Crypto Orbis, Adz Firm, 2×4 Club, Crypto Adz, Paid Rocket bitcoin gifting schemes.

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

OneCoin’s days in Norway appear to be numbered, following a request to the company’s Norwegian lawyer for information on local affiliates. [Continue reading…]

PawTree launched in early 2014 and operate in the pet care MLM niche.

The company is based out of the US state of Texas and headed up by founder and CEO, Roger Morgan.

So the story goes;

After nearly a decade as a CEO in the pet industry, our founder, Roger Morgan, discovered something so exciting and revolutionary that he left his job and began a journey to create a company committed to making a difference in the lives of pets and people.

On the professional side of things,

Roger served as President and CEO of The Retail Products Group (RPG) manufacturing and selling pet products to retailers from 2005 to 2012.

He served as the Chairman of the American Pet Products Association (APPA) from 2011 to 2013 and is currently on the board of APPA.

He has formerly served on the boards of directors of PetSmart Charities and the Pet Industry Joint Advisory Council (PIJAC).

I wasn’t able to find an MLM history for Morgan, suggesting PawTree is his first MLM venture.

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

Charles Scoville is currently at the center of regulatory action against the Traffic Monsoon Ponzi scheme.

After the granting of a preliminary injunction against Traffic Monsoon, based on the likelihood of the SEC winning at trial, Scoville filed an appeal.

The appeal is still playing out in court, with a decision expected to be many months off yet.

In the meantime, a month or so ago Scoville announced he was gearing up to launch a new business opportunity. [Continue reading…]