My Club 8’s prelaunch compensation plan was a compliance mess.

Affiliates signed up and were paid to recruit affiliates, with an optional autoship further boosting recruitment commission rates.

Affiliates marketing My Club 8 claim when My Club 8 launches, the company will switch to a ‘new and improved Unilevel Compensation plan that pays 8 Levels in depth‘.

Until then, My Club 8’s prelaunch compensation plan is a blatant pyramid scheme.

Post launch My Club 8 did switch compensation plans, although the one referenced above was ditched at the end of April.

Today we take a look at and review My Club 8’s current MLM offering. [Continue reading…]

Bitcoinaire’s Club provide no information on their website about who owns or runs the business.

The Bitcoinaire’s Club website domain (“bitcoinaires.club”) was privately registered on June 21st, 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…]

Appearing on CFA Radio, Fernando Escobar, President of Paraguay’s National Securities Commission (CNV), has revealed Public Prosecutor’s are likely to file a criminal case against Pay Diamond. [Continue reading…]

I first came across Waszubb Global under the company name Waszupp Network.

The Waszupp Mentor Network website names Blaine Williams (Wealth Creation Alliance Ponzi), Fred Bender, Ricky Howe and Mark Campese (Paycation) as Global Directors of the company.

Further research however reveals Ash Sahib (full name: Ashraf Ash H Sahib) is credited as founder and CEO.

In Waszupp Mentor Network marketing material Sahib is credited as a “billionaire from Dubai”.

Somewhat curiously though, his name only appears on the Waszupp Mentor Network website in the description of company conference calls.

On Facebook Sahib (right) cites himself as Chairman and CEO at Waszupp Global.

As far as I can tell, Waszupp Mentor Network isn’t a company in and of itself, rather it’s a downline group within Waszupp Global.

On May 8th Sahib published an article “Success Breeds Success”, on which he used a header for “We Share Success”.

We Share Success was a failed brand of Wazzub. The company name first surfaced in late 2014 as a platform for Wazzub to offer virtual shares through.

That concept ultimately flopped, with Wazzub going on launch a Ponzi scheme in mid 2016.

Today the Wazzub website (Perfect Internet) informs visitors that it’s part of something called the “Unicorn Network”. The MLM opportunity itself appears to have finally collapsed.

I wasn’t able to tie Ash Sahib directly to Wazzub, but the similarities between the two company names is hard to ignore.

In 2014 Sahib was running 4x TradeBiz, a forex income opportunity that appears to have since collapsed.

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

Chris Principe’s defamation case against Tim Tayshun continues, with the latest seeing a motion for entry rejected and filed answer to Principe’s complaint.

Less than twenty-four hours after the deadline to respond had passed, Chris Principe’s attorney filed for an entry of default with the Court Clerk. [Continue reading…]

Omnia Tech operate in the cryptocurrency MLM niche and provide a corporate address in Malta on their website.

This addressed is shared with a significant number of other companies (a lot of which are gambling related), suggesting Omnia Tech exists in Malta in name only.

Thomas Hintermaier (right) is the sole executive named on the Omnia Tech website and serves as Chief Technology Officer.

Hintermaier does not claim ownership of Omnia Tech on any of his social media profiles. Who runs and/or owns the company is not publicly disclosed.

The Omnia Tech website domain (“omnia-tech.eu”) was registered on July 31st, 2017. Christian Michel Scheibener is listed as the owner, through the same Maltese shell company address.

Hintermaier is based out of Austria, which is presumably where Omnia Tech is actually being operated from (or possibly elsewhere in Europe).

As per Hintermaier’s Omnia Tech corporate bio;

For more than ten years, he has dedicated his capabilities in quality management and production planning for the Oberderfer Siebtechnik and the Scapa Forming GmBH.

He has also engaged in an avocational work for the insurance industry which enabled him to master the technicalities of acquisition, consultancy, and support for customers.

In the middle of the year 2000, Ing. Hintermaier focused his skills towards the development of guidelines for projects related to Internet services.

He also took part in the integration of a network platform intended for companies in the building sector.

At present, he acts as a second CEO Selbstvorsorge Dientleistungs and Marketing GmBH.

As far as I can make out Hintermaier has no MLM experience.

On social media Christian Michel Scheibener (right) refers to himself as a “leading MLM headhunter”.

Up until about a month ago Scheibener was promoting Wor(l)d International.

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…]

Forever Living Products’ Leadership Bonus pays affiliates on sales volume generated down three Manager generations.

To qualify for the bonus affiliates must meet sales volume requirements, which can be met entirely with self-purchase (no retail).

The volume can of course be also generated via retail sales (or a combination of retail and personal purchase), and so Forever Living Products operates in the all too familiar grey regulatory area.

That an MLM company without significant retail activity is a pyramid scheme is clear-cut. But Forever Living Products, like most MLM companies, does not disclose how much of its company-wide volume is attributable to retail sales.

In a recent compensation plan change email, Forever Living Products shed some rare insight into the current situation. [Continue reading…]

RJGM Power Team name four admins on their website; Janice Lee, Shual Thomas, Gary Phillips and Lee Woodsum.

According to a Facebook post by Janice Lee on July 16th, RJGM Powerbuild initially launched a few months ago.

After promptly collapsing it was relaunched as RJGM Power Build. which also collapsed.

The current version of the company has been renamed back to RJGM Power Team and relaunched with a new website domain on August 5th.

Over the last few months Lee has promoted a number of bitcoin scams, including BitComet, Bitcoins Brain, Project Ethereum and JetCoin.

Gary Phillips also promoted JetCoin and Project Ethereum.

Outside of RJGM Power Build, Shual Thomas and Lee Woodsum do not publicly promote MLM opportunities.

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

Fincrypt Global cite Joe William as Director & Chief Visionary Officer of the company on their website.

Outside of his name and title though, no information about William is provided.

The Fincrypt Global website domain (“fincryptglobal.com”) was privately registered on June 6th, 2017.

With Alexa currently estimating that 100% of traffic to the Fincrypt Global website originates out of India, it’s a good bet that “Joe William” doesn’t exist. Whoever is running Fincrypt Global is likely based out of India itself.

This is further evidenced by the use of “$1 crore” in Fincrypt Global’s compensation plan.

The UK is another possibility, with Fincrypt Global advising their compensation plan runs on “UK time”.

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…]

A common trait of multi-million dollar Ponzi schemes is a lack of independent accounting on the backend.

Records are stored higgledy-piggledy and often riddled with errors and/or incomplete.

Traffic Monsoon is no exception, with the Receivership currently sifting through millions of transaction records in an attempt to forensically piece together the business.

While circumstances might change in the future, at this time the Receiver has determined, based on the sheer amount of data being processed, that Traffic Monsoon victims won’t be submitting written claims. [Continue reading…]