After initially opting to play fast and loose with the SEC, it appears time in jail for contempt and pleading guilty to visa fraud has brought Sann Rodrigues to the negotiation table.

As per an April 25th proposed settlement agreement between Rodrigues, the SEC and the TelexFree Trustee, the three parties recently entered settlement negotiations. [Continue reading…]

Authorities in Navi, Mumbai continue to investigate OneCoin, following the arrest of eighteen affiliates last Sunday.

The latest has seen police book four more OneCoin affiliates, who they believe hold “senior positions in OneCoin”. [Continue reading…]

Mini Cash Pool provide no information on their website about who owns or runs the business.

The Mini Cash Pool website domain (“minicashpool.com”) was privately registered on March 11th, 2017.

If you visit the Mini Cash Pool website without an affiliate referral, the site informs you that you’ve been “invited by MINI CASH POOL”.

This is the Mini Cash Pool admin account. If you then click “sign up”, the name of the Mini Cash Pool admin account is revealed to be Janet Qemunto.

Janet Qemunto (right) is based in Kenya and, according to her Facebook and LinkedIn profiles, works for the Kenyan Ministry of Public Service, Youth and Gender Affairs.

In addition to launching Mini Cash Pool, is also an affiliate in the My Cash Pool gifting scheme.

A “buy script” link on the bottom of the Mini Cash Pool website points to Ashish Raja’s Facebook profile.

Raja is the My Cash Pool admin and appears to have sold Qemunto a “scam in a box” business template.

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

Smaller Faster Levels provide no information on their website about who owns or runs the business.

The Smaller Faster Levels website domain (“smaller-faster-levels.com”) was privately registered on April 16th, 2017.

It’s worth noting that Smaller Faster Levels is a cookie-cutter opportunity “powered by Your Free Scripts”. Owing to this, Smaller Faster Levels is hosted on a private server used to host a number of MLM underbelly scams.

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…]

OneCoin affiliates looking to promote the Ponzi scheme in India held a recruitment seminar in Navi, Mumbai last Sunday.

Unbeknownst to them, plain-clothes Mumbai police officers were in attendance. [Continue reading…]

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

The Bitcoin Express website domain (“bitcoinexpress.biz”) was privately registered on February 19th, 2017.

By all appearances, whoever is running Bitcoin Express is either Russian, based out of Russia or both.

Evidence supporting this includes

• Russian text appearing on the “English” version of the Bitcoin Express affiliate sign up page
• the official Bitcoin Express Facebook group postings being all in Russian
• the presence of a Bitcoin Express ‎Vkontakte profile (‎Vkontakte is the largest social media platform in Russia)
• broken English appearing on the English version of the Bitcoin Express website (eg. “WHAT ARE THE OPTIONS FOR PAYMENT ARE?”)
• Alexa estimating that Russia is the largest source of traffic to the Bitcoin Express website (43%)

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…]

The original Pangea compensation plan saw affiliates buy in for $299 and then $30 a month. Commissions were paid on recruitment of new Pangea affiliates who did the same.

Despite only launching late last year, the original concept seems to have either flopped or stalled, prompted a relaunch on March 27th.

A new compensation plan was attached to Pangea’s relaunch, which today we’re taking a look at below.

Read on for a full review of Pangea’s updated compensation plan. [Continue reading…]

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

The Blockchain Rays website domain (“blockchainrays.com”) was privately registered on December 27th, 2016.

Alexa currently estimate that Nigeria (59%) and India (29%) are the two largest sources of traffic to the Blockchain Rays website.

This strongly suggests whoever is running the company is likely also based out of one of these two countries.

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…]

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

The Platin Coin website domain (“platincoin.com”) was registered on July 4th, 2016. PLC Group AG is listed as the owner, with an address in Zug, Switzerland also provided.

Further research reveals this address actually belongs to Regus, suggesting PlatinCoin exists in Switzerland in name only.

In PlatinCoin marketing presentations, affiliates name Alex Reinhardt as CEO of the company. Why this information is not provided on the PlatinCoin website is unclear.

Reinhardt (right) is based out of Germany and up until recently was promoting SwissCoin.

Reinhardt appears to have been head of SwissCoin’s “Team Germany” and was pretty highly ranked within the affiliate-base.

SwissCoin is a Ponzi points cryptocurrency scheme launched mid last year. Following regulatory warnings in Germany, Switzerland and Nigeria, the scammers running the company turned on each other earlier this year.

Legal action was filed in Switzerland, with Alexa statistics showing the company shortly thereafter entered a decline.

This likely prompted Alex Reinhardt to cut ties with SwissCoin and launch his own company.

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

Maya Group describe themselves as a “software startups investment and development company”. No information about who owns or runs the company is provided on the Maya Group website.

A photo of two men sitting in what appears to be a Maya Group office is provided but nothing about who they are.

The man in the black shirt One of the men is Andrey Seregin, listed owner of the Maya Group website domain (“maya-group.me”).

The domain itself was first registered back in 2014 and last updated on November 7th, 2016.

On his personal LinkedIn profile, Seregin cites himself as CEO of Maya Group since 2014.

Possible due to language-barriers, I was unable to put together an MLM history for Seregin, although Maya Group does appear to be his first MLM venture.

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