Vitaxel launched in Malaysia back in August of 2015.

In February 2016 the company went public on the US stock exchange through Vitaxel Group, listed as VXEL.

Shares were initially valued at 20 cents each, before plummeting to 3 cents within a week. Vitaxel shares are currently valued at 1 cent each.

Heading up Vitaxel is founder Lim Hui Boon. Leong Yee Ming serves as CEO.

In addition to Vitaxel, Boon also founded Ho Wah Genting. According to their website, Ho Wah Genting is

a Malaysian group of companies with a wide portfolio of business interests encompassing mining, manufacturing, trading and travel.

Leong Yee Ming comes from Ho Wah Genting, having held the positions CFO, COO and Treasurer. He currently serves as a Ho Wah Genting Board Member.

Prior to Vitaxel, neither Lim Hui Boon or Leong Yee Ming appear to have any MLM experience.

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

There is no information on the BTC Fund Me website indicating who owns or runs the business.

The BTC Fund Me website domain (“btcfund.me”) was privately registered on November 24th, 2016.

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…]

In what appears to be an invitation for lawsuits, Team BeachBody yesterday announced that its affiliates are prohibited from participating in any other MLM opportunities. [Continue reading…]

Strapped for cash or part of larger money laundering plans?

Capital are today reporting that earlier this month Ruja Ignatova sold OneCoin’s Bulgarian headquarters. [Continue reading…]

There is no information on the Join Promote Profit website indicating who owns or runs the business.

The Join Promote Profit website domain (“join-promote-profit.com”) was privately registered on February 10th, 2017.

Further research reveals the Join Promote Profit website is hosted on the same server as the Matrix Million, Wealth Mason Partners, Crypto Lover, Fundising, Only 7 Bucks and VIP Promoters Club scams.

Only 7 Bucks was run by John Dierksmeier. Robert McAtamney was the admin behind VIP Promoters Club.

Sure enough, Robert McAtamney is promoting Join Promote Profit on his Facebook page.

McAtamney (right) first popped up on BehindMLM’s radar as the admin of the One Time Infinity Ponzi scheme in 2015.

Since then he’s launched a number of scams, including Cash Money Bucket, 3to600, VIP Promoters Club, Simple Simon’s System and 3 Phases Biz in the last year alone.

Earlier this year McAtamney launched Referers Earn Bitcoin, a bitcoin-based cash gifting scheme.

Alexa traffic statistics for the Referers Earn Bitcoin website domain suggest the launch was a flop. This has likely promoted McAtamney to try again with Join Promote Profit.

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

As I write this the Now Lifestyle website is nothing more than an email capture page.

The Now Lifestyle website domain was first registered on November 2nd, 2015. The domain registration details were last updated on October 12th, 2015.

Joel Therien is listed as the owner, with an address in the US state of Texas also provided.

Further research reveals Therien crediting himself as President and CEO of the company.

Therien is the founder of Global Virtual Opportunities (GVO), through which he has launched a number of MLM opportunities.

Here at BehindMLM we’ve reviewed Host Then Profit (2011), 7 Minute Workout (2011), Pure Leverage 2013 and Got Backup (2015).

Read on for a prelaunch review of the Now Lifestyle MLM opportunity. [Continue reading…]

Just shy of a fortnight ago, Kristine Louise Johnson was sentenced for committing wire fraud.

Johnson, one half of the admin team behind the Achieve Community Ponzi scheme, plead guilty back in June, 2015.

The case docket recorded Johnson had been sentenced on February 14th, but it wasn’t until yesterday that judgement was handed down. [Continue reading…]

Bjorn Bjercke refers to himself as “Mr. Bitcoin Norway” and works as a cryptocurrency blockchain developer.

As per his resume, Bjercke has

19 years experience with IT solutions, where of 12 years within the Banking and Finance sector.

In September 2013 my interest in Bitcoin sparked.

Bjercke (right) has been working as a “Project Manager / Bitcoin Block Chain Specialist” for Acando Norway since August, 2016.

Acando is a consulting company whose business concept is, in partnership with its customers, to create business value by enhancing and streamlining processes, organizations and digital solutions.

The Group has approximately 1,700 employees allocated over five countries. Acando had sales of more than SEK 2 billion in 2016 and is listed on the Nasdaq Stockholm.

Prior to Acando Bjercke was working as CEO of Right IT, a blockchain and bitcoin mining consulting company he founded in 2013.

It was during this time that Bjercke was approached by a recruitment firm, purportedly representing OneCoin, to develop a blockchain for them. [Continue reading…]

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

The GoldBlocks website domain (“goldblocks.eu”) was privately registered on May 29th, 2016.

A secondary domain at (“mygoldblocks.com”) was registered on December 14th, 2016. Aleksandar Sokolov is listed as the owner, with an address in Ljubljana, Slovenia also provided.

Possibly due to language-barriers, I was unable to find any further information on Sokolov’s role within GoldBlocks.

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 Eden website indicating who owns or runs the business.

The BTC Eden website domain (“btceden.com”) was privately registered on December 27th, 2016.

Alexa currently estimate that Russia is the largest source of traffic to the BTC Eden website. This suggests that whoever is running BTC Eden is also likely based out of Russia.

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…]