Following the denial of a preliminary injunction motion a few weeks back, it appears Vemma didn’t have much left to bargain with.

Over the past few weeks they’ve been negotiating with Hanover Insurance, with a settlement reached on or around August 17th. [Continue reading…]

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

The Fundising website domain (“fundising.com”) was registered on the 25th of July 2016, however the domain registration is set to private.

Alexa currently estimate that 100% of traffic to the Fundising website originates out of Spain, suggesting the that’s probably where the company is being operated from.

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 Calorchi website indicating who owns or runs the business.

The Calorchi website domain (“calorchi.com”) was registered on the 20th of July 2015, however the domain registration is set to private.

A corporate address in the US state of Texas is provided on the Calorchi website. Taken at face value, the Calorchi Independent Affiliate Agreement suggests this is where the company is run out of:

(Calorchi) has its’ home office in Dallas, Texas and will not be collecting sales tax at the time of purchase from any Residents outside of the areas its location requires it to.

Any substantive or procedural rights other than the enforceability of the arbitration agreement shall be governed by the laws of the State of Texas, County of Dallas.

Further research reveals Calorchi affiliates naming Sam Mendez as Founder and CEO of the company:

Mendez first popped up on BehindMLM’s radar as a co-founder of My Shopping Genie back in 2011.

Following a six-month period during which My Shopping Genie failed to pay affiliates, the company collapsed in mid 2012.

In 2014 Mendez reemerged as the co-founder of 15 Winks, a subscription-based mobile dating app.

In our BehindMLM review of 15 WInks I myself didn’t realize Mendez was involved. In researching Calorchi however I came across a marketing pitch for 15 Winks that named Mendez as co-founder:

Recognizing this potential I immediately grabbed one of the Platinum Level Firstmover packages at a cost of $5000.

I spoke with co-founder Sam Mendez on January 1 and he told me that two-thirds of the Platinum Level packages have been sold.

Under the marketing campaign “BeaFirstMover”, 15 Winks solicited investments of $250 to $5000 on the promise of an eventual >100% ROI.

Today the 15 Winks website is still online, however the Alexa ranking for the site suggests the opportunity has long-since collapsed.

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

There is no information on the We Care We Can website indicating who owns or runs the business.

The We Care We Can website domain (“wecarewecan.net”) was registered on August 22nd, 2016. Kao Ke Saetern is listed as the owner, with an address in the US state of California also provided.

Saetern (right) first popped up on BehindMLM’s radar earlier this month as the admin behind Team Build Income, a five-tier cash gifting scheme.

Alexa statistics for the Team Build Income website suggest that, less than a month after launch, the scheme has already collapsed.

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

Putting together information on SkyWay Capital is tricky, primarily because most of it is in Russian.

As per the SkyWay Capital website (“skyway.capital”), Evgeny Kudryashov is credited as Director of the company.

Kudryashov (right) is also listed as the owner of the SkyWay Capital website domain, albeit with an incomplete address in London, UK.

Kudryashov himself appears to be a real person, with active Twitter and VK (Russian Facebook) accounts.

Due to language-barriers, I was unable to put together an MLM history on Kudryashov. Kudryashov’s SkyWay Capital executive bio describes him as a “specialist on internet marketing”.

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

Over 2014 and 2015 Ominto (Dubli) lost a combined $24.5 million dollars.

In 2016 Ominto’s heavy losses look set to continue, with the company’s recent 10-Q filing revealing a $1.9 million third-quarter loss. [Continue reading…]

Last we checked in the DOJ was negotiating with Sanderley Rodrigues in an attempt to resolve Rodrigues’ visa fraud case without a trial.

As per a Status Report filed yesterday; [Continue reading…]

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

On the “partners” section of the website, Hab Coin name Hab & JPR Privee Group of Companies as a partner.

Multiple corporate addresses for HAB & JPR Privee Group of Companies in England, Israel, the Cayman Islands and Hong Kong are given.

According to the HAB & JPR Privee Group of Companies website, they are

a number of member firms (who have) collaborate(d) together sharing expertise, know how and a network of contacts that include the Government and Banking sectors to achieve the core activity of HAB & JPR Privee Group of Companies which is project financing.

In a South African media report from earlier this year HAB & JPR Privee Group are identified as a “Swiss company”.

The same publication names “Marco Lacchini” as a ‘master partner with the HAB & JPR Privee Group of Companies‘.

Whether Lacchini is involved in Hab Coin directly is unclear.

The Hab Coin website domain was registered on the 17th of February, 2016. “Naiadi Snc Societa/Ditta Naiadi Snc Societa/Ditta” is listed as the owner, with an address in L’Aquila, Italy 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…]

19 minutes after an SEC agent informed him about an asset-freeze applicable to Zeek Rewards funds, Jaymes Meyer made a phonecall to wire $4.8 million in stolen Ponzi funds out of a Zeek Rewards trust account.

Meyer’s error in judgement cost him his freedom yesterday, with Judge Cogburn handing down Meyer a fifteen month sentence. [Continue reading…]

Right off the bat, TelexBit reveal they are connected to TelexFree:

It was founded in 2016 by a group of entrepreneurs who believed in the project of a renowned marketing company which was founded and directed by James Merrill, which injustice had their operations suspended, even without any irregularities.

Using a similar system, but combining the work the renowned encrypted currency Bitcoin, appears as a giant of Multilevel Marketing with consolidated plan and sales services lead customers save with national and international connections.

TelexBit claim to be registered in Nassau, Bahamas and provide a British Virgin Islands corporate registration number: 1805406.

It’s a safe bet that TelexBit has no physical presence in either the Bahamas or BVI.

Gary R Harrison is identified as the founder of TelexBit, however no further information on this individual is provided. Whether or not Harrison actually exists is unclear.

The TelexBit website domain (“telexbit.com”) was registered on the 3rd of August 2016, however the domain registration is set to private.

Of note is that the TelexBit website is hosted in Brazil and all official documentation from TelexBit is also on Portuguese.

Additionally, the TelexBit affiliate agreement states:

Compliance with the provisions of this GENERAL REGULATIONS for all TELEXBIT (affiliates) is subject to Brazilian law.

All of this strongly suggests that whoever is running TelexBit is based out of Brazil itself.

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…]