On October 26th the SEC filed for summary judgement against USFIA and owner Steve Chen.

Chen responded in opposition to the SEC’s filing on November 7th.

Both filings are pretty long, coming in at thirty and twenty-six pages respectively.

Below I’ve separated both filings into headers, with my own conclusion at the end. [Continue reading…]

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

On their website MathINV claim to be “working with” CNPJ Individual Entrepreneur, a business purportedly incorporated in Brazil.

The name “Mario Sergio Bittencourt” appears on a Brazilian certificate of incorporation.

Further research reveals the official MathINV has one admin, .

Bittencurt’s profile cites his location as Rio de Janeiro in Brazil. Other than a newspaper clipping from October 2nd and shared posts, there is no content on the Matheus Bittencurt profile.

In the MathINV Terms and Conditions, the company refers to itself as “Group MathBitte Investments”.

The MathINV website domain (“mathinv.com”) was registered on the 27th of October, 2016. Mario Sergio Bittencourt is listed as the owner, with an address in Rio de Janeiro, Brazil also provided.

Possibly due to language barriers, I was unable to find any further information Bittencourt (Bittencurt), including his specific role within MathINV.

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…]

It wasn’t long into researching BehindMLM’s USFIA review that came across photos of John Wuo with USFIA management.

Wuo was an elected government official of the City of Arcadia, California, so his potential involvement in USFIA was concerning.

As USFIA’s presence continued to grow in Arcadia, residents began to question Wuo’s involvement in the scheme.

Less than a week after our published review, Wuo fronted local Arcadia media and denied any involvement in USFIA.

Speaking to the Arcadia Weekly, at the time Wuo claimed

he has no financial interest in and hasn’t received any compensation from the companies connected to Gemcoin, nor is he a Gemcoin investor.

The SEC shut down USFIA for being a $32 million dollar Ponzi scheme last September.

Despite initially ignoring calls for his resignation, John Wuo resigned from the Arcadia City Council on October 7th, 2015.

The day before Wuo’s resignation, California’s Fair Political Practices Commission confirmed it was investigating Wuo for potential violations of the Political Reform Act.

Pertaining to Wuo’s involvement in USFIA, the Political Reform Act

prohibits public officials from participating in governmental decisions affecting their “financial interests” and requires certain public officials to disclose certain assets and income.

The FPPC’s investigation was spurred by an official complaint filed by Arcadia resident, David Arvizu.

In the months leading up to the SEC’s shutdown of USFIA, Arvizu spear-headed public critcism of Wuo’s ties to USFIA at Arcadia City Council meetings.

On November 7th, 2016, the FPPC sent David Arvizu notice that their investigation into John Wuo had been concluded. [Continue reading…]

There is no information on the 2×2 Funds website indicating who owns or runs the company.

The 2×2 Funds website domain (“2x2funds.com”) was registered on the 7th of November 2016, however the domain registration is set to private.

Update 27th November 2016 – BehindMLM’s The Dollar Sharing review has revealed Krzysztof Tymoteusz is the owner of 2×2 Funds. /end update

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…]

There is no information on the Binary Global website indicating who owns or runs the business.

The Binary Global website domain (“binaryglobal.net”) was registered on the 28th of December 2015. The registration was recently updated on November 6th, suggesting this is when the current owner took possession of it.

The registration itself lists Joshua Harris as the owner, with bogus address details in the US.

Given the bogus address details provided, it’s a good bet Joshua Harris doesn’t exist.

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…]

One by one MMM Global’s local chapters in Africa have collapsed.

At the time of publication Nigeria the last major African nation MMM Global maintains a foothold in.

Rather than let the scheme collapse and investors lose all their money, as happened in Zimbabwe and South Africa, the Nigerian government has called for the arrest of local MMM Nigeria promoters before it’s too late. [Continue reading…]

It’s looking like OneCoin’s banking roulette may be coming to an end, with news today they’ve lost their Singapore United Overseas Bank account. [Continue reading…]

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

The VertigoBTC website domain (“vertigobtc.com”) was registered on the 2nd of November 2016, however the domain registration is set to private.

Alexa currently estimate that India is the largest source of traffic to the VertigoBTC website, suggesting this is likely where it is being operated from.

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 Global Wealth Center is run by a group of individuals who collectively refer to themselves as “The Dream Chasers”.

Listed members of The Dream Chasers include Amos Brazan (credited as Amos Taylor), Nyicey Rayshon, Rick Panther, Darius McPhail, Darren Cooper, Shay Hargett, Anthony Newson, Marcus Fryer and Kenneth Haywood.

Amos Brazan (right) credits himself as Founder and CEO of The Dream Chasers.

Brazan first appeared on BehindMLM’s radar as the owner of The Rush Opportunity back in May.

Through chain-recruitment, The Rush Opportunity fed affiliates into Brazan’s All In One Profits cash gifting downline.

A few months later in July Brazan launched NWC Living.

Through a cash gifting feeder, NWC Living fed affiliates into Brazan’s National Wealth Center cash gifting downline.

At the time of publication The Rush Opportunity website was non-responsive. Alexa traffic estimates for the NWC Living website suggest the company collapsed in early October.

The collapse of both schemes has likely prompted Brazan to launch The Global Wealth Center.

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

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

The Traffic Network Ads website domain (“trafficnetworkads.com”) was registered on the 1st of September 2016, however the domain registration is set to private.

The Traffic Network Ads website footer contains contact details for Redrock Media Solutions Limited, via an address in Hong Kong, China.

Further research reveals a number of businesses using the same address, suggesting it is a shared virtual mailing address.

An email address for Traffic Network Ads’ legal department is provided using the “redrocksolutions.net” domain.

This domain was only recently registered privately on October 31st. The domain itself is parked and hosts no content.

For all intents and purposes Traffic Network Ads exists in Hong Kong in name only. Redrock Solutions meanwhile appears to be misdirection.

Alexa currently estimate that Germany is the largest source of traffic to the Traffic Network Ads website (47.5%). The rest of the top five sources of traffic are all European countries (Italy, Austria, Switzerland and Spain).

This suggests that is running Traffic Network Ads is likely based out of Germany itself, if not elsewhere in Europe.

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…]