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

Razzleton claim to be involved in the ‘worldwide distribution of healthcare products‘.

On their website, Razzleton claim:

Razzleton HealthCare Limited has been in the wholesale drug market since 1995.

Building a team of highly qualified pharmacists, skilled logistics experts and marketing specialists, we have grown from a small firm engaged in retail sales to a regional company with an annual turnover exceeding $10.000.000.

The Razzleton website domain was indeed first registered back in 1995. However back then it belonged to “Razzleton Enterprises and was used to sell personal care, nutrition and technology products.

As far back as January 2014 the “razzleton.com” was up for sale.

Around August 2015 the domain was parked with GoDaddy.

On or around December 2015 a new Razzleton website went live, promising ROIs of up to 0.6% a day.

This coincides with a domain registration update on the 4th of December, 2015. This is likely when the current owners took possession of the Razzleton domain.

This means the claim that Razzleton, as represented on the Razzleton website today, has been around since 1995 is completely bogus.

Note that the above can verified dependently by anyone through Archive.org’s Wayback Machine.

The owner of the Razzleton website is listed as “Jayden Woods”, with an address in the UK also provided. The same address appears on the Razzletn website.

Further research reveals a number of companies using this address, suggesting Razzleton exists in the UK in name only.

A search of the UK Companies House database reveals Razzleton Healthcare Limited was only incorporated on the 8th of September 2016 (so much for being around since 1995).

Jayden Woods is listed as the sole Director of the company, along with a residential address in London.

A UK incorporation costs about £20 GBP and requires nothing more than an address in the UK (can be virtual).

One of the companies that uses the same address as Razzleton is “Russian Trading Company Limited”. As per their LinkedIn profile, Russian Trading Company Limited operate in the financial services industry.

Alexa currently estimate that Russia is the largest source of traffic to the Razzleton website.

There is no information publicly available on Jayden Woods in connection to Razzleton, outside of his name appearing on the Razzleton domain registration.

The official Razzleton Facebook group was created on September 8th by a profile bearing the name “Alexander Walker”.

The Alexander Walker profile is bogus, having only been created in September itself. Other than a profile-picture change to Razzleton marketing material, there is no activity on the account.

In summation, the corporate history provided on the Razzleton website is all made up. Neither Jayden Woods or Alexender Walker actually exist and the company is likely run by Russian scammers (further evidenced by Telegram and VKontakte links on the Razzleton website).

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 his 5th Interim Report, the USFIA Receiver has indicated he expects forensic accounting to be completed around January 2017.

Once finalized, the accounting will

confirm the entire scope of the USFIA enterprise, the number of investors, or specific amounts invested by investors and distributed to them.

As per current accounting progress, the Receivership has identified approximately 65,000 victims and 78 bank accounts which processed $195 million in losses.

Approximately $19 million has been recovered by the Receiver thus far. On top of that assets seized have an estimated value of about $77.5 million. [Continue reading…]

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

The RiseBits website domain (“risebits.com”) was privately registered on the 14th of October, 2016.

The RiseBits official Facebook group was created on November 15th by a Facebook profile bearing the name “Rahul Singh”.

The Rahul Singh Facebook profile appears to be fake, having only been created a day earlier on November 14th.

It’s worth noting that copy on the “about us” page of the RiseBits website also featured on Super Matrix and LifeBTC.

Super Matrix and LifeBTC are both cash gifting Ponzi schemes launched last month.

Luis Castillo is the admin behind Super Matrix. Whether he is also behind RiseBits 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…]

Divvee Social initially launched as a “pay to access” e-commerce portal. Divvee affiliates were also paid to recruit new affiliates.

This concept flopped and interest in Divvee subsided a few months after launch:

In late September Divvee corporate announced a new mobile-centric business model. As per the Alexa traffic estimate graph above, this has sparked renewed interest in the company.

Named “Rank & Share”, today we take a look at and review Divvee’s new offering. [Continue reading…]

Neffull claim to have been founded in 1973 by Hisami Kamijo. The company is based out of Japan and today is run by Chairman Toshiya Kamijo.

Nefful’s worldwide expansion began in the 1980s with Taiwan (1989). The company has since expanded into the US (2002), Hong Kong (2005), Malaysia (2006) and Singapore (2010).

Nefful USA are based out of the City of Industry, California.

Nefful claims they have 600,000 affiliates worldwide and is a member of the Direct Selling Association in the US.

Possibly due to language barriers, I was unable to find any further information on Toshiya Kamijo (right).

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

Back in September the US Commodities Futures Trading Commission (CFTC) filed a lawsuit against Timothy Baggett, Kimball Parker, Make Your Future, Changes Worldwide, and Changes Trading.

As per the lawsuit, the defendants stand accused of violating the Commodity Exchange Act. The CFTC are seeking ‘restitution, disgorgement, civil monetary penalties, a permanent trading ban, and such other equitable relief‘.

On September 27th a summons was issued to the defendants. All five defendants were subsequent served a copy of the summons.

To date none of the defendants have responded to the CFTC’s complaint. [Continue reading…]

Back in May OneCoin announced they were rolling out UnionPay branded cards for their Chinese investors.

Such was the misleading marketing around the cards, that UnionPay had to issue formal clarification that the cards could not be used to conduct transactions in OneCoin.

The UnionPay cards were dummy cards that OneCoin affiliates could load up with approved withdrawal requests and then spend within China.

Despite the arrest of OneCoin affiliates in China, seizure of million of dollars and regulatory confirmation that OneCoin is illegal in China, UnionPay have continued to turn a blind eye to OneCoin’s use of the cards for money laundering.

That might have now changed, following an announcement that OneCoin’s UnionPay cards have been disabled. [Continue reading…]

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

The BCoinShare website domain (“bcoinshare.com”) was registered privately on October 18th, 2016.

The official BCoinShare Facebook group lists one admin, Mike Anderson.

The Mike Anderson profile appears to be fake, having only been created on the 29th of September. The profile began publishing promotion material for BCoinShare shortly after it was created.

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…]

Last week we covered the SEC’s Motion For Summary Judgement against USFIA and owner Steve Chen.

Chen had filed an opposition to the motion on November 7th which, in my opinion, raised a number of flawed arguments.

The SEC has addressed these arguments in a reply brief filed on November 14th. [Continue reading…]

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…]