Last we checked in Daniel Filho, mastermind of the DFRF Enterprises Ponzi scheme, was scheduled to stand trial on November 7th.

With proceedings less than twenty-four hours away, I decided to check the case docket and see if the trial was still on.

Turns out it isn’t, primarily due to ongoing concerns about Filho’s mental competency. [Continue reading…]

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

BitLine is created by very experienced team of it developers and network marketers.

They decided to launch new opportunity for others by giving IT system and educational system. Previously used educational system resulted in bringing over 2000 new people within a few weeks.

That means you have very well tested and proven to work, duplicatable system.

The BitLine website (“bitline.club”) was registered on the 25th of September 2016. The domain appears to have been registered with bogus details pointing to a French location.

Mikolaj Grzaslewicz is credited with “consulting” in the registration, with an address in Poland also provided.

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 3 Phases Biz website indicating who owns or runs the business.

The 3 Phases Biz website domain (“3phasesbiz.com”) was registered on the 28th of October 2016, however the domain registration is set to private.

An official Facebook group linked on the 3 Phases Biz website lists three admin; Jane Smith, Bernadette Hieke Culp, Rob Mcatamney.

Mcatamney promotes 3 Phases Biz on his own Facebook profile using the referral account “admin1” and appears to be the owner of the company.

Mcatamney first popped up on BehindMLM’s radar as the admin of the One Time Infinity Ponzi scheme in 2015.

Since then he’s launched a number of scams, including Cash Money Bucket, 3to600, VIP Promoters Club and Simple Simon’s System in 2016 alone.

Mcatamney’s most recent scam, Simple Simon’s System, was recently launched in September. At the time of publication the Simple Simon’s System website was non-responsive.

Read on for a full review of the 3 Phases Biz MLM opportunity. [Continue reading…]

The Verdant BTC website identifies four admins: Jordan Iuncker, Martin Zhao Germer, Kamran Baig and Steve John.

Of these four Jordan Iuncer appears to be the primary admin. Iuncker is the admin who puts out affiliate email updates, in which he refers to Verdant BTC in the possessive.

I have change the hosting, buy a big protection and never any one can be hacked my program.

I think, The hackers see my big program with more 700 members in less 6 hours ahahaha!!!

Iuncker (right) is based out of France and appears to be a serial participant in the MLM underbelly.

Recent scams Iuncker has signed up as an affiliate to promote include: BeOnPush (collapsed Ponzi), 2×4 Club (cash gifting), ZarFund (cash gifting), The Dollar Ventures (cash gifting) and Super Matrix (Ponzi).

Verdant BTC appears to be Iuncker’s first company launch.

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

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

The Ezzy Earn website domain (“ezzyearn.com”) was registered on the 21st of July 2016, however the domain registration is set to private.

Alexa currently estimate that 78% of all traffic to the Ezzy Earn website originates out of Bangladesh. This strongly suggests that whoever is running Ezzy Earn is also based out of Bangladesh.

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…]

Following on from a plea agreement filed under seal on October 25th, Troy Barnes has officially plead guilty to wire fraud.

Barnes’ guilty plea was accepted at a hearing held on November 4th. [Continue reading…]

Following one or more hearings on the SEC’s Motion for a Preliminary Injunction, Judge Parrish has extended the previously granted Temporary Restraining Order until further notice. [Continue reading…]

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

GiraCoin appears to be owned by Gira Financial Group AG, who claim to be based out of Switzerland.

Gira Financial Group AG do have a website, however at the time of publication it’s little more than a contact form.

The GiraCoin website domain (“giracoin.com”) was registered on the 5th of June, 2016. Ramon Simon is listed as the owner and an address in Hergiswil, Switzerland is also provided.

Further research reveals GiraCoin affiliates citing Ramon Simon as the owner of GiraCoin. Why this is information is not provided on the GiraCoin website itself is unclear.

Possibly due to language-barriers, I was unable to put together an MLM history for Simon.

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…]

Amazingly, over 44,000 approved Zeek Rewards victim claims have not yet had the required OFAC Certification and Required Release submitted.

The Receivership Team has tried on multiple occasions to contact the Subject Affiliates to request that each provide the Required Information on the Claim Portal.

First, the Receivership Team notified the Subject Affiliates when their respective claims had been reviewed.

Thereafter, the Receivership Team has periodically contacted the Subject Affiliates via email and through numerous postings on the Receivership website to remind the Subject Affiliates to submit the
Required Information.

The most recent communications were on October 1, 2016 and November 1, 2016.

Funds have been reserved to pay out these claims, but it appears the time has come to set a deadline. [Continue reading…]

Over the past few weeks affiliates have been complaining about funds frozen in OneCoin’s United Overseas Bank.

The status of OneCoin’s bank account with UOB in Singapore however is currently unclear. Rather than use their company name, OneCoin’s UOB account is held under the shell company Vernada Trading Pte Ltd.

In related news, on October 21st the Monetary Authority of Singapore added OneCoin to their Investor Alert list.

The Investor Alert List provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS.

The list certifies that OneCoin is not authorized or licensed by MAS. Appearing on a regulatory alert list is not good for business and might have prompted the UOB freeze. [Continue reading…]