Following on from the arrest of Renu Sharma late last year, Mumbai’s EOW have now filed a chargesheet against the accused. [Continue reading…]

From banking to marketing to daily operations, OneCoin is a myriad of shell companies with one goal: to effectively launder as much money from as many people from as many locations as possible via Ponzi fraud.

As an added bonus, OneCoin can use their voluminous shell companies for plausible deniability if a regulator shuts them down.

Case in point, the recent suspension in Italy. [Continue reading…]

There is no information on the Everyone Cycle website indicating who owns or runs the business.

The Everyone Cycle website domain (“everyonecycle.com”) was privately registered on October 8th, 2016.

The official Everyone Cycle Facebook group has one admin, Jay Valand.

Valand (right) is based out of India and on November 18th, made the following post to his personal Facebook page:

New Revshare Launching by me soon…. Interested people get in touch.

Valand began promoting Everyone Cycle on November 22nd.

Prior to launching Everyone Cycle Valand was promoting Luxury Shares, a daily ROI Ponzi scheme.

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

There is no information on the Real Destinations International website indicating who owns or runs the business.

The Real Destinations International website domain (“rdipre.com”) was registered on December 16th, 2016. Todd Hirsch is listed as the owner, with an address in the US state of Georgia also provided.

Hirsch is also one of three admins of the official Real Destinations International Facebook group.

Somewhat curiously, Hirsch only identifies himself as Real Destinations International’s Master Distributor on his personal Facebook profile:

Not sure what the story is there, but all signs point to Hirsch owning Real Destinations International.

Todd Hirsch first appeared on BehindMLM’s radar as the admin of Cloud 2×2 cycler Ponzi back in 2012.

In early 2013 Hirsch re-emerged as the co-founder of Rocket Cash Cycler (another Ponzi cycler).

Rocket Cash Cycler collapsed in less than a year and was relaunched by Hirsch in early 2014. By mid 2014 Rocket Cash Cycler v2 had also collapsed.

A few months later Hirsch launched BitCoin Cycler, combining the same cycler Ponzi model with bitcoin.

At the time Hirsch claimed BehindMLM’s review of Bitcoin Cycler was “flawed”.

You forgot to mention the incredible value people receive when they buy our products.

There will be thousands of people that “join” BCC just to buy the products and that do not take advantage of the advanced and optional compensation plan.

Trust me when I say BCC will pay out MILLIONS of $USD$ just like RCC and will HELP many people.

BitCoin Cycler collapsed a few months later in early 2015.

In January 2016 Hirsch launched My Ad Cubes, a non-MLM HYIP adcredit Ponzi scheme.

Hirsch threatened BehindMLM with legal action if we “dared” to review the company:

I dare you to do a review of M.A.C. and compare it to anything. Yes you will be served with papers in the mail and I do known where you live. I Dare you.

My Ad Cubes appears to have collapsed sometime around March of 2016.

Outside of his own company launches, Hirsch was also an affiliate in the Zeek Rewards, Bidify and Banners Broker Ponzi schemes.

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

A few days ago BehindMLM published a review of MacroCoin.

Seemingly run by individuals involved in the ByXpress, Coins Race and MCoin scam, suffice to say our review was less than flattering.

As per the MacroCoin website, the company is run by UECB Group (click to enlarge):

Simon Karakas serves as MacroCoin’s CEO and Rok Potocnik as a “Senior Executive” (click to enlarge):

Based on analysis of MacroCoin’s business model (compensation plan), we concluded it was a combination of pyramid recruitment, Ponzi fraud and unregistered securities.

The folks over at MacroCoin aren’t to happy with that and have since threatened BehindMLM with legal action. [Continue reading…]

Back in July the Turkish Customs and Trade Ministry launched an investigation into Kairos Technologies.

The aim of the investigation was to establish whether or not Kairos Technologies was a pyramid scheme.

As with most countries, the operation and promotion of pyramid schemes is illegal.

In a press-release issued yesterday, the Customs and Trade Ministry announced the results of their investigation. [Continue reading…]

Merlim Network was founded in 2014 and is the MLM division of Magitek International.

Magitek International is a mobile app developer based out of out of Colombia. The company also has a presence in Brazil, Ecuador and Nigeria.

Heading up Magitek International and Merlim Network is Fredy Morelo (right), who serves as CEO of both companies.

Neither Merlim Network or Magitek International provide any information about Morelo’s corporate history on their website.

Possibly due to language barriers, I was unable to research any information myself. From the looks of it though, Merlim Network appears to be Morelo’s first MLM venture.

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

The MLM underbelly in Nigeria is set to get even more bizarre, with local scammers lobbying the government to legalize Ponzi schemes.

Investors who lost money after MMM Nigeria collapsed last month seem to be under the impression that, if legalized, Ponzi schemes won’t collapse. [Continue reading…]

There is no information on the Jolly 5x Pander website indicating who owns or runs the business.

The Jolly 5x Pander website domain (“jolly5xpander-junior.com”) was privately registered on December 7th, 2016.

The official Jolly 5x Pander Facebook group has six admins; Ricardo Vitaminas Seixas, Ram Seo, Bosko-Toni Cvetanovski, Dijana Burivoda, Milos Balaban and Mirko Stijakovic.

Whether one of these individuals is running Jolly 5x Pander or they are doing so collectively is unclear.

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…]

FINMA are an “independent supervisory authority” that regulate Switzerland’s financial markets.

As per FINMA’s website, the regulator’s

mandate is to supervise banks, insurance companies, exchanges, securities dealers, collective investment schemes, and their asset managers and fund management companies.

It also regulates distributors and insurance intermediaries. It is charged with protecting creditors, investors and policyholders.

FINMA is responsible for ensuring that Switzerland’s financial markets function effectively.

On the 30th of September 2016, FINMA added SwissCoin to their warning list. [Continue reading…]