Open HYIP refer to themselves as an “MLM Investment Club”.

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

The Open HYIP website domain (“openhyip.net”) was registered on the 21st of September 2016, however the domain registration is set to private.

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…]

BehindMLM first reviewed Paid 2 Save in April, 2013. Back then the company paired a “discount card program” with an MLM compensation plan.

From a regulatory standpoint, Paid 2 Save had no actual products of their own and were simply selling access to third-party discounts.

Last month it was announced Paid 2 Save would be rebooting, complete with a new prelaunch.

Today we take a look at Paid 2 Save and review the company’s new offering. [Continue reading…]

Surebets Win claims to have been

founded by two sports entrepreneurs Mike Allen the CEO and William Burwell the Operations manager.

I was unable to find any further information on these two individuals in connection with Surebets Win.

Somewhat curiously, elsewhere on the Surebets Win website the company refers to itself as Surebet Pro;

SureBet Pro limited was started in year 2015 by of [sic] sports arbitrage experts.

Whether SureBet Pro is linked to Surebets Win is unclear.

SureBet Pro isn’t an MLM opportunity and has been around for some time.

SureBets Win’s website domain (“surebets.win”) was only registered back in July and the MLM opportunity has only just been launched.

A corporate address provided on the Surebets Win website belongs to a pub called The Victoria.

Finally, on their website Surebets Win claim to have 1.6 million customers.

The current Alexa ranking for the Surebets Win website is 8.1 million, which means the customer claim is porky pies.

The lack of information available about Surebets Win’s purported founders (along with the suspicious generic Anglo-Saxon names), reference to SureBet Pro, fake customer claims and bogus corporate address suggests information presented on the Surebets Win website is made up.

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…]

On their website, Emaar Ventures claim:

Our Group of companies were incorporated in 2009. Although we  have had our mother company for over 20 years.

The Emaar Ventures website domain (“emaarventures.com”) however was only registered on the 8th of June 2016, revealing this to be a lie.

The official date of the founding of Emaar Ventures Company is June 27, 2009.

Its founders and non-replaceable leaders for today are Japanese businessmen, Kazuki Mariyatsu, Arabian business guru Mohamed Alabbar, Nikko Yamaguti, as well as a successful Russian businessman Vyacheslav Nikiforov.

The above paragraph, taken directly from the Emaar Ventures website has been copy and pasted from a website belonging to “Tokyo Investment Company”:

Tokyo Investment Company appears to be some sort of collapsed forex HYIP scheme.

No information is available about Kazuki Mariyatsu outside of Emaar Ventures and Tokyo Investment Company.

Mohamed Alabbar is an actual businessman from the UAE and Chairman of Emaar Properties.

Emaar Properties is

one of the largest real estate development companies in the world and known for developing the Burj Khalifa, the world’s tallest building and the Dubai Mall,the world’s largest mall.

Vyacheslav Nikiforov is the name of a Russian Director and former football player. There’s no well-known person bearing this name connected to the business world.

It appears whoever is actually running Emaar Ventures simply appropriated Mohamed Alabbar and the Emaar Properties company name, added two more fictitious owners and ran with it.

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 Power On Network website indicating who owns or runs the company.

A Power On Network corporate webinar this review is based on is hosted by Nigel Allan.

On the webinar, Allan claims he’s “involved” in Power On Network and refers to the company in the possessive.

Allan does not disclose his specific role within Power On Network. If he’s not running Power On Network himself, Allan does not disclose who is.

What he does disclose is that Power On Network is purportedly based in Singapore and owned by “Global Power Pte”.

The Power On Network website domain (“poweronnetwork.com”) was registered on the 29th of August 2016, however the domain registration is set to private.

Nigel Allan (right) first popped up on BehindMLM back in 2013 as the co-founder of Brilliant Carbon, a collapsed pyramid scheme.

Allan resurfaced in 2014 as co-founder and President of OneCoin, a Ponzi points scheme.

Allan left / was fired from OneCoin (depending on who you ask) shortly after its launch. He quickly positioned himself as Master Distributor of Crypto888 Club, a similar Ponzi points scam.

Allan is suspected of running Crypto888 Club either directly or via proxy.

Crypto888 Club collapsed in early 2016, prompting a reboot as “Octa Partners”.

Octa Partners also collapsed a few months after launch, prompting a third reboot as Nano Club.

Allan’s involvement in Power On Network suggests that he’s either sold his share in Crypto888 Club or simply abandoned the company. When specifically Allan stopped promoting and/or left Crypto888 Club 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…]

Last we checked in on the status of OneCoin in China, police in Guandong had arrested local OneCoin affiliates and seized $45.7 million dollars.

It is believed the Guandong investigation is ongoing but, other than OneCoin opening a bank account in Hong Kong last week, there’s been no OneCoin news out of China since.

Now a recently surfaced report, published on Ku6 nine months ago, reaffirms that OneCoin was and is still very much illegal in China. [Continue reading…]

The SEC shutdown of Zeek Rewards in 2012 has since spawned many Ponzi points clones.

Late 2013 saw the launch of one of those clones, Changes Worldwide.

Soliciting up to $25,000 investments into “revenue points” that were attached to a 90 day ROI payout, Changes Worldwide collapsed shortly after launch.

Owner Timothy Baggett, who’d joined the failed Bids That Give Zeek clone earlier that year, relaunched with Changes Trading.

Whereas Changes Worldwide attached itself to an irrelevant dietary supplement, Changes Trading sought to hide behind a day-trading platform.

In marketing Changes Trading, Baggett represented Changes Trading’s “system”

never had a losing month (and) generated 300% annual returns.

These claims were purportedly backed by ‘documented and verifiable results … showing returns of between 11% and 68% each month from January through December 2014‘.

Despite this, it wasn’t long before Changes Trading affiliates began reporting payout delays.

A few weeks later Baggett sold the company to Kimball Parker and his company, Make Your Future.

This was presented as a sell off, with Baggett claiming he’d

no longer be involved in the leadership or ownership of CTS, nor have a position of leadership or ownership in Make Your Future.

Just one month earlier however it was revealed Baggett had purchased Make Your Future.

As of August 2016, Make Your Future was still selling access to the trading platform.

Not surprisingly, Baggett and Parker’s representations that they were “professional and profitable traders” who “make money on a consistent basis” was baloney.

Through a lawsuit filed by the US Commodities Futures Trading Commission on September 21st, we can now reveal what actually happened. [Continue reading…]

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

The InnovAds website domain (“innovads.com”) was registered on June 22nd 2016, however the domain registration is set to private.

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 BTC Fund Network website indicating who owns or runs the business.

The BTC Fund Network website domain (“btcfundnetwork.com”) was registered on the 20th of September 2016, however the domain registration is set to private.

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…]

Would it be too much to expect a self-proclaimed multi-billion dollar company to hire coders to put together a custom app platform?

When it comes to OneCoin, apparently so. [Continue reading…]