One of the pitfalls of Ponzi scheme investment is depositing funds directly with the scammer who recruited you.

In the event the Ponzi scheme is shut down by regulators, such transactions are difficult to track and typically result in a victim claim being disallowed.

Unfortunately more than a few WCM777 Ponzi investors deposited funds into the scheme via their uplines. They’re now learning the hard way that the decision will likely cost them thousands of dollars. [Continue reading…]

There is no information on the Power of 3 Squared website indicating who owns or runs the company.

The Power of 3 Squared website domain (“powerof3squared.com”) was registered privately on the 16th of October, 2016.

Marketing videos for Power of 3 Squared are narrated by an American, however the company’s privacy policy states:

If you are located outside United Kingdom and choose to provide information to us, please note that we transfer the information, including Personal Information, to United Kingdom and process it there.

This Policy shall be governed and construed in accordance with the laws of England and Wales, without regard to its conflict of law provisions.

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…]

The 7 Sites website identifies Mike Peever as the owner and operator of the company.

Peever is based out of Ontario, Canada and is a long-time inhabitant of the MLM underbelly.

Peever first popped up on BehindMLM’s radar in 2012 as the admin of Cash Club International, a six-tier matrix Ponzi cycler.

In 2013 Peever launched The Last Cycler, a $10 Ponzi pyramid hybrid.

2014 was a quiet year for Peever. In 2015 however he launched Decide Your Path ($15 matrix-based recruitment scheme) and Success Cycler ($25 subscription-based Ponzi).

Peever was also an investor in the Zeek Rewards Ponzi scheme.

Earlier this year in February Peever launched The F15teen, another matrix Ponzi cycler. Alexa traffic estimates suggest The F15teen collapsed in mid-May.

Read on for a full review of The 7 Sites MLM opportunity. [Continue reading…]

On November 11th the WCM777 Receiver filed her eleventh Interim Report.

Topics covered in the report include:

• funds recovered
• the sale of a California property and
• the Diamex Diamonds (PMX Jewels)

I’ve separated the various topics covered into appropriate subheadings below. [Continue reading…]

Following a guilty plea entered last month, earlier today Sanderely Rodrigues fronted court for a sentencing hearing.

Rodrigues faced a maximum penalty of ten years in prison, supervised release for three years, a $250,000 fine and deportation. [Continue reading…]

The YoloPros website identifies Jay Ahlin and Kai Jacobson as co-founders of the company.

This matches the YoloPros website domain registration, which lists Kai Jacobson as the owner. An address in the US state of Hawaii also provided.

Earlier this year Kai Jacobson was promoting the iCharity Club cash gifting scam on Facebook.

Jacobson also holds an affiliate position in Lifewave. Up until last month this position was named “Kai Jacobson Randy Hood”, it has since been renamed “K & R International”.

Jay Ahlin is based out Nevada and was an affiliate with iWowwe till about 2012.

Earlier this year Ahlin was also promoting iCharity Club on Facebook. Ahlin has also promoted WeShare Crowdfunding, another cash gifting scheme.

Other MLM opportunities Ahlin has promoted include RE24/7/365 (pyramid scheme), EmSquared (Mannatech spinoff), Malibu Mastermind (collapsed investment scheme), YouGetPaidFast (cash gifting), Infinity2Global (Ponzi scheme whose owner is being pursued by the FBI) and Rocket Cash Cycler (pyramid scheme).

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

There is no information on the Ads Residual website indicating who owns or runs the business.

The Ads Residual website domain (“ads-residual.com”) was registered on the 6th of October 2016, however the domain registration is set to private.

At the time of publication Alexa estimates that France is the largest source of traffic to the Ads Residual website (48%).

This suggests that whoever is running Ads Residual is also likely based out of France.

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…]

The September arrest of several ringleaders in Belarus appears to have caught up with Kairos Technologies, with news today that affiliate withdrawals have been suspended. [Continue reading…]

On October 27th Austria’s Financial Market Authority issued an investor warning against Questra World.

BehindMLM reviewed Questra World earlier this month and determined it to be a Ponzi scheme. [Continue reading…]

There is no information on the Paid All Time website indicating who owns or runs the business.

The Paid All Time website domain (“paidalltime.com”) was registered on the 9th of February 2016 with bogus details.

A marketing video on the Paid All Time website is hosted on a YouTube account bearing the name “Tassaya Lorger”.

Other videos on the YouTube account market the FutureNet Ponzi scheme through the website “thaifutureteam.com”.

The Thai Future Team website domain was registered on the 18th of August 2016 and lists Sarayuth Lorsrichandr as the owner.

Lorsrichandr (right) is purportedly based out of Bangkok, Thailand. This matches up with Alexa, who currently estimate Thailand is the largest source of traffic to the Paid All Time website (66%).

Other aliases Lorsrichandr goes by include “Tommy Lorger” and “Jforce Lsc”.

Lorsrichandr appears to have been involved in the MLM for some time. Back in 2011 he was promoting Tsunami Cycler, a matrix cycler Ponzi scheme.

Other opportunities Lorsrichandr has promoted include FB2Rich (pyramid scheme), UniDollar (Ponzi scheme), Portable Fund (cycler Ponzi scheme), A Million Dollar Train (cash gifting), Ad Click Express (Ponzi scheme) and Wor(l)d Global Network (recruitment).

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