The Profit Alliance Club website identifies Diego Noriega (full name Diego King Noriega) as the founder of the company.

According to Noriega’s Facebook profile, he is based out of California in the US. It is assumed this is also where Profit Alliance Club is being operated from.

Noriega’s Facebook profile recently marketed a group he refers to as “the true revshare community”.

A “revshare” in the MLM underbelly refers to Ponzi schemes, in which revenue invested by new affiliates is “shared” with existing affiliates.

Specific opportunities market by Noriega (right) include ZarFund (cash gifting), Lara With Me (Ponzi scheme), Digital Altitude (chain-recruitment) and Giftobit (cash gifting).

On the 27th of September Noriega confirmed on Facebook that Profit Alliance Club is his first “owned income opportunity program”.

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

On September 30th Thai hip hop trio Natee “Oui” Eakwichit released an MLM diss track.

Titled “Puan Hai Pror Kai Trong”, which translates to “Losing Friends Because Of Direct Sales”,

the song’s sarcastic lyrics talk about a jobless man who was suggested by friends to work as a network marketer if he wanted to get rich quickly and retire before 30 years old.

But the man later found all his friends distanced themselves from him as they apparently did not want to listen to his sales pitch or get involved with the network marketing business.

The man finally quit his job.

Sound familiar? [Continue reading…]

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

The Matrix Million website domain (“matrixmillion.com”) was registered on September 15th 2016, however the domain registration is set to private.

Alexa currently estimate that India is the largest source of traffic to the Matrix Million website (36.8%). This suggests that whoever is running the company is also likely based out of India.

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…]

Two days ago James Merrill filed a motion requesting his upcoming criminal trial be postponed till November 14th.

The original trial date (which has been rescheduled at least twice at Merrill’s request already), was October 23rd.

Today the DOJ filed an opposition to Merrill’s motion, citing a number of legally compelling reasons. [Continue reading…]

I first learned about United Games Marketing’s plans to limit affiliate numbers back in late June.

The affiliates will be capped and the goal is to have players enjoying the game with Freemium play.

With UGM affiliates out there marketing heavily on fear of loss, the question was when were affiliate signups actually going to be cut off?

An email update sent out by UGM a few hours ago confirms that after October 10th, United Games Marketing affiliate signups will be closed. [Continue reading…]

I was expecting a decision on Nicolas Giannos and Rosita Stanfield’s appeal in October, but turns out a decision was made last month.

Long story short, both Giannos and Stanfield have lost their appeal and both convictions have been upheld. [Continue reading…]

When news broke of London police’s investigation into OneCoin, the company’s response suggested dismay at having not been contacted prior to such a public announcement.

OneCoin is disappointed that the FCA has issued a statement without having first contacted the company.

OneCoin has not been contacted by the City of London Police.

OneCoin is committed to following good business practices and the relevant rules and regulations in the countries in which it operates.

It will co-operate fully with the authorities in pursuit of this objective.

The implication being that, had London police and the FCA contacted OneCoin, the company would have offered full cooperation.

In what might very well be a case of lip-service after the fact, elsewhere in the world OneCoin aren’t so forthcoming. [Continue reading…]

The Coin Leaders website states that the company is

operated by CL Singapore Pte. Ltd., which is based in Singapore.

CL Singapore is wholly owned by Coin Leadership Limited, based in Dubai.

John Pretto (right) is identified as Chairman of Coin Leaders.

John Pretto is an accomplished, innovative and entrepreneurial technologist with over 20 years of senior management experience in information technology, marketing and operations.

Past positions include serving as Chief Technology Officer for R66T (enterprise Wi-Fi), Chief Operating Officer for ComF5 (formerly DigitalFX – digital media marketing platform), CTO and Co-founder of HelloNetwork (streaming media technology), and VP of Technology for SmartConnect (video surveillance for gaming).

On the MLM side of things John Pretto was actively promoting the OneCoin Ponzi scheme last year.

Before OneCoin Pretty was promoting NuVerus, a black seed juice nutritional MLM opportunity.

Pretto appears to have gotten involved in OneCoin in early to mid 2015. Whether he is still involved in OneCoin is unclear.

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

As part of the TelexFree Trustee’s clawback rampage filed back in April, Hanna Shea Consulting was sued for $20,000.

Rather than accept they had received stolen Ponzi funds as compensation and return the money for distribution to victims, Hanna Shea doubled down and filed a claim for an outstanding balance of $17,500.

Negotiations between the Receiver and Hanna Shea have been progressing since April, with news today of a settlement agreement reached. [Continue reading…]

The criminal trial of James Merrill is quite possibly one of the most anticipated MLM Ponzi regulatory actions to date.

Two years in the making, Merrill is currently scheduled to stand trial on October 23rd.

In an eleventh hour filing however, Merrill has now asked the court to delay the trial for three weeks.

Among other things, an all-star hockey and lacrosse tournament are cited in Merrill’s motion for a continuance. [Continue reading…]