Despite claiming to be “open and honest in our dealings”, The ChampCoin provide no information about who owns or runs the business on their website.

The ChampCoin website domain (“thechampcoin.com”) was privately registered on January 25th, 2017.

Further research reveals The ChampCoin marketing presentations naming Mahesh Verma as founder of the company. According to his LinkedIn profile, Verma is based out of Haryana, India.

Prior to launching The ChampCoin, Verma (right) launched ChampCash.

ChampCash pays affiliates to install apps. Each install generates a referral commission, which ChampCash share with affiliates via an MLM compensation plan.

Alexa traffic statistics for the ChampCash website show a brief surge in interest in late 2016, followed by a sharp decline throughout 2017:

This decline has likely prompted the launch of The ChampCoin.

Read on for a full review of The ChampCoin MLM opportunity. [Continue reading…]

World’s Best Matrix provide no information on their website about who owns or runs the business.

The World’s Best Matrix website domain (“worldsbestmatrix.com”) was privately registered on April 6th, 2017.

The official World’s Best Matrix Facebook group has two admins, John Dierksmeier and Isabelle Thellier. Of the two, Dierksmeier is a known serial MLM underbelly admin.

John Dierksmeier (full name John Dierksmeier Quesada) first popped up on BehindMLM’s radar in 2015 as the owner of 2×2 Wealth, a matrix cycler.

Other MLM opportunities Dierksmeier has since launched include Only7Bucks, Cafe Nopal, Eco Plus Network, My Secret Fortune and EZAdsNet and Amazing Pre Builder.

Earlier this year in January Dierksmeier launched Fund Your Success, a $10 Ponzi cycler. This was followed up by Simple Health International in March.

Read on for a full review of the World’s Best Matrix MLM opportunity. [Continue reading…]

My Next Aim provide no information on their website about who owns or runs the business.

The My Next Aim website domain (“mynextaim.com”) was privately registered on April 19th, 2017.

Further research reveals My Next Aim affiliates connecting the company with The Ads Leader.

This appears to be a legitimate connection, with the official The Ads Leader Facebook page currently flooded with My Next Aim marketing spam.

The Ads Leader is an adcredit Ponzi scheme launched in early 2017. The Ads Leader marketing plan sees affiliates invest $10 to $90 on the promise of advertised ROIs of up to 160%.

By mid-March it appears The Ads Leader was running out of money, with affiliates told they could only withdraw 200% of invested funds.

My Next Aim was registered a month later in April and launched only recently. Its sole purpose appears to be an attempt to inject new funds into The Ads Leader.

Ali Azlan is credited as the owner (admin) of My Next Aim.

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

Siting atop the One DreamTeam OneCoin affiliate downline, the Steinkeller Brothers were purportedly taking home around $2.5 million dollars a month (so claims Ted Nuyten).

With an established group of victims in One DreamTeam doing most of the recruiting work, all the brothers had to do was put in appearance at OneCoin events and continue to bank millions of dollars.

In the midst of OneCoin promising all manner of things in 2018 (OneCoin going public and actual third-party acceptance of the coin etc.) and the value of OneCoin continuing to rise (as set by the company), the Steinkeller Brothers have announced they’re abandoning ship.

Wait… what? [Continue reading…]

The latest regulator to issue a warning against investing in OneCoin is the Central Bank of Curaçao and Sint Maarten.

The warning, issued on May 23rd, applies to OneCoin, OneLife and the “OneLife Banking System” (believed to be the closed xCoinx exchange). [Continue reading…]

Pando Mission operate out of Denmark and cite Peter Alexander (Full name: Peter Alexander Lexander) as founder of the company.

In 2010 Lexander (right) founded Botanoo, a carbon credit based MLM opportunity.

Botanoo affiliates invested in “units”, which were traded on an internal exchange. Boanoo set the price of units, with affiliates also paid to recruit new investors.

By 2012 the scheme had collapsed. According to the Danish publication Finans, Botanoo investors, primarily from Hungary and Romania, lost hundreds of millions of kroner in the collapse.

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

Other than a rosy story about “Chinese families”, Chang Cheng International Finance Alliance provide no information on their website about who owns or runs the business.

The alliance Chang Cheng began its way as a family business.

Of course, then it wasn’t any international alliance – there existed a few Asian families, connected by longtime friendship, which had long-standing traditions in several areas – trading in securities, legal support of business transactions, banking sphere.

In this format Chang Cheng worked for more than 15 years.

Since 2013 one of the founders’ sons has taken over the management of the company – he is a young lawyer and entrepreneur.

He made a decision to expand the family business by attracting partners worldwide and later it led to creation of the international financial alliance.

Naturally there are no specifics provided.

The Chang Cheng IFA website domain (“ccc.life”) was privately registered on May 15th, 2017.

Prior to that date there is no record of Chang Cheng IFA existing anywhere in the world.

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 2013 Timothy Baggett and Kimball Parker launched Changed Worldwide. Initially a revenue-sharing Ponzi scheme, in 2014 the company name changed to Changes Trading.

Through Changes Trading, Baggett and Parker marketed a trading system pegged to an MLM compensation plan.

An investigation by the CFTC found that Baggett and Parker (right) marketed Changes Trading via

fraudulent misrepresentations and omissions designed to mislead customers and prospective customers into believing that the trading system was profitable and effective.

Upon being interviewed by the CFTC, Parker

admitted that the results on the spreadsheets-and indeed all of the trading results touted in Defendants’ promotional materials-were hypothetical and simulated.

The CFTC filed legal action against Baggett and Parker last October. As per a consent order filed on May 19th, the matter has reached a conclusion. [Continue reading…]

Sener Trader claim they were ‘founded on February 2007 in the United States‘ and are ‘now one of the world’s leading index futures investment and asset management company‘ [sic].

A corporate address in New York is provided on the Sener Trader website. Research reveals this address actually belongs to Servcorp, who sell virtual office space.

One would also assume a legal “investment and asset management company” would be registered with the SEC, yet a search of the Edgar database turns up nothing for “Sener” or any company name derivatives.

Meanwhile the Sener Trader website domain (“sntrader.com”) was initially registered on December 19th, 2006, however no record of a live website exists until early January, 2017.

This coincides with a domain registration update on January 15th, 2017. Alexa traffic estimates for the Sener Trader website also only show an uptick in measurable traffic since late February.

Two things are immediately clear: Sener Trader wasn’t founded in 2007, nor are they based in the US.

Sener Trader cite “Spenser Brown” as founder and CEO of the company, complete with a stock image of a man in suit.

Naturally there’s no information about Brown prior to 2017, in connection with Sener Trader or anything else.

Someone has gone to a bit of effort to create the illusion he exists though, with the same stock photo slapped onto an ebook cover:

The Amazon listing above was recently created on March 20th and cites “Sener” as the publisher. The listing has been picked up by various Amazon aggregators on other platforms too (eBay, other book shop sites etc.).

There’s also a few spammy press-releases (also published in March), claiming Sener Trader has won this or that.

Any attempt to verify Spenser Brown exists however leads to a dead-end, casting a question mark over whether the individual actually exists.

At the time of publication Alexa estimate that 80% of traffic to the Sener Trader website originates out of Japan. India is the second largest source of traffic, coming in at 18%.

Considering these two countries provide 98% of traffic to the Sener Trader website, it’s a good bet that whoever is actually running the company is based out of Japan or India.

Of note is the website design for Sener Trader is identical to that of Eagle Gates Group.

Both sites run on the same WordPress theme, with the admin account of the Sener Trader website revealed as “Eaglegates”.

This is the same admin account used to publish content on the Eagle Gates Group website.

Whoever is actually running both companies simply copy and pasted the WordPress directory of Eagle Gates Group onto Sener Gates’ hosting account.

Eagle Gates Group was a Ponzi scheme launched late last year. After briefly hitting it off in Thailand, the scam collapsed in late February – around the same time Sener Trader website traffic picked up.

Eagle Gates Group’s front-man was Eddie McClough. Like Spenser Brown, the only information available on McClough coincided with the late 2016 launch of the company.

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…]

ReferABit provide no information on their website about who owns or runs the company.

The ReferABit website domain (“referabit.com”) was privately registered on May 20th, 2017.

Copy on the ReferABit website is copy and pasted from Bitcoin Banking, with both websites also sharing the same design template:

The Bitcoin Banking website domain (“bitcoinbanking.us”) was registered with bogus details on March 23rd, 2017.

Bitcoin Banking solicit bitcoin investment and offer daily ROIs of up to 10% for 90 days.

New affiliate investment is the only verifiable source of revenue entering Bitcoin Banking, which strongly suggests it is a Ponzi scheme.

The Bitcoin Banking website domain was registered through an Indian domain registrar. The site is hosted in Singapore (cloud), however Alexa estimate that 100% of traffic to the Bitcoin Banking website originates out of India.

It follows that whoever is running ReferABit and Bitcoin Banking is also based India.

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…]