According to an April 14th news report from Kazakhstan’s Tengri News, officers of the Economic Investigation Service in Astana have arrested several OneCoin investors. [Continue reading…]

Big Coin Machine provide no information on their website about who owns or runs the business.

The Big Coin Machine website domain (“bigcoinmachine.com”) was privately registered on March 2nd, 2017.

The Big Coin Machine Terms and Conditions mentions “CryptoAd”:

Promotion and Misrepresentation

When offering or arguing the Bigcoinmachine chance or the CryptoAd Ad Pack Plan …

This appears to be a reference to Crypto Adz, with the Big Coin Machine website itself pulling resources from the Crypto Adz hosting account:

Crypto Adz was a bitcoin gifting Ponzi hybrid launched late last year by Bilal Hadi.

Today the Crypto Adz website is non-responsive, suggesting the scheme has collapsed. This has likely prompted Hadi to try again with Big Coin Machine.

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

RobinHood Global provide no information on their website about who owns or runs the business.

The RobinHood Global website domain (“robinhood.global”) was privately registered on October 1st, 2016.

The official RobinHood Global Facebook page was created on March 21st by a bogus “Robin Green” account, which itself was only created on October 17th, 2016.

As far as I can tell RobinHood Global is being run by someone from Russia or the Ukraine. Evidence supporting this is an active VKontakte social network profile (published in Russian), Russia being the third-largest source of traffic to the RobinHood Global website (Alexa) and the use of Yandex to track RobinHood Global website analytics.

Up until late March, RobinHood Global was also using a Telegram bot to coordinate affiliate investment. The use of a Telegram bot has thus far only been used by Russian and Ukrainian Ponzi schemes.

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…]

Despite being cut off by their supplier, Jeunesse has vowed to continue selling Instantly Ageless unless a court order prohibits them from doing so.

The announcement was made in an April 12th statement provided to BehindMLM, which I’ve reproduced below in full. [Continue reading…]

BeFargo provide no information on their website about who owns or runs the business.

The BeFargo website domain (“befargo.com”) was privately registered on September 4th, 2016.

Much is made of BeFargo being a purported US company in affiliate marketing material, however the BeFargo website Terms and Conditions states:

For all legal purposes, these Terms of Use shall be governed by the laws applicable in the UK. You agree and hereby submit to the exclusive personal jurisdiction and venue of the UK for the resolution of any disputes arising from these Terms of Use.

Most of the BeFargo affiliate marketing material I came across was in Russian.

The main speaker at BeFargo’s California event was some guy who goes by Robert Steenburgh.

Steenburgh (right) was presented as a “cryptocurrency expert” and spoke at length about the proof of stake model FargoCoin is based on.

The man hosting the event was Koryaka Eli who, at least going by his accent, appears to be European.

The only other speaker name-tags I was able to ascertain were James Booze and Joe Reyes. I wasn’t able to find any footage of them speaking though so I’m not sure what his relationship to BeFargo is.

Outside of the BeFargo event, I was unable to find any information on Steenburgh, Eli, Booze or Reyes. This is highly suspicious.

Whether BeFargo is being run by Russians or someone in the US remains 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…]

One of Jeunesse’s most recognizable products is Instantly Ageless. Marketed as an anti-aging “micro cream”, Instantly Ageless is manufactured by Anti Age Technologies LLC.

Following allegations that Jeunesse has “committed several uncured material breaches of the Agreement” between the two companies, on April 3rd, 2017, Anti Age Technologies wrote to Jeunesse to advise they were terminating the agreement. [Continue reading…]

Bitcoin Bank Cycler provide no information on their website about who owns or runs the business.

The Bitcoin Bank Cycler website domain (“bitcoinbankcycler.com”) was privately registered on January 25th, 2017.

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…]

Bitcoin 4 Ever provide no information on their website about who owns or runs the business.

The Bitcoin 4 Ever website domain (“bitcoin4ever.biz”) was privately registered on March 28th, 2017.

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…]

Buy Time claim to be a holding company incorporated in the UK as Buy Time Incorporated LLP.

Further research reveals Buy Time Incorporated LLP was incorporated on October 19th, 2016.

The address used to incorporate Buy Time Incorporated LLP is used by over a hundred companies, suggesting Buy Time Incorporated LLP exists in the UK in name only.

Two shell companies are listed as “officers” of Buy Time Incorporated LLP; Buy Time Incorporated LTD (Seychelles) and Damitra Group LTD (Seychelles). Both companies appear to have been incorporated in Seychelles with virtual addresses.

Damitra Group is tied to the Richmond Berks Ponzi scheme as a Managing Partner with power of attorney.

Serguiu Valuta signed the document on behalf of DamitraGroup LTD on January 9th, 2016:

Richmond Berks launched in late 2016 and promised investors a 1.6% daily ROI. Reader comments on BehindMLM’s Richmond Berks review suggest the company has ceased paying investors.

Buy Time identify Dmitrijs Lutovs as CEO, President and founder of the company. No information about Lutovs is provided.

This is inline with Richmond Berks, who named the owners of the company but also failed to provide any additional information.

Dmitrijs Lutovs is listed as the owner of the Buy Time website through an address in Riga, Latvia:

Lutovs does have a social media presence on Facebook, however the account was only created on December 31st, 2016, a day after the Buy Time website domain was registered.

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

German authorities began investigating OneCoin mid last year. In the immediate aftermath of the investigation announcement, OneCoin lost its Deutsche Bank account.

The conclusion of the investigation, led by the country’s top financial services regulator, saw remaining known bank accounts in the name of IMS International Marketing Services GmbH ordered frozen on the 17th and 20th of February.

As acknowledged by BaFin, IMS International Marketing is one of the many shell companies OneCoin use to launder invested funds around the world. [Continue reading…]