Earlier today a joint stipulation was filed by the SEC and Charles Scoville, requesting the upcoming August 5th preliminary injunction hearing be rescheduled.

The parties also requested the current TRO in place be extended until the rescheduled hearing. [Continue reading…]

There is no information on the MyG21 website indicating who owns or runs the business.

The MyG21 website domain (“myg21.com”) was registered on the 20th of September 2011. Pietro Rocca is listed as the owner of the domain, with an address in London, UK also provided.

Further research reveals this address actually belongs to Regus, who sell virtual office space.

This suggests that MyG21 exist in the UK in name only.

I wasn’t able to find any information Pietro Rocca in conjunction with MyG21. His role within the company is unclear.

Most of the promotional material available for MyG21 is in Italian. Alexa also estimates that 80% of traffic to the MyG21 website originates out of Italy.

This strongly suggests that whoever is running MyG21 is actually based out of Italy.

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…]

Cash Money Bucket was launched just under a year ago by Robert McAtamney.

McAtamney first popped up on BehindMLM’s radar as the admin of the One Time Infinity Ponzi scheme. In addition to Cash Money Bucket, McAtamney has also launched 3to600 (February 2016) and VIP Promoters Club (April 2016).

Both 3to600 and VIP Promoters Club were matrix cycler Ponzi schemes that collapsed shortly after launch.

The Cash Money Bucket website currently advises the scheme is again in prelaunch, with a reboot scheduled to go live on July 31st.

Has Cash Money Bucket changed, or is Robert McAtamney launching yet another matrix cycler Ponzi? [Continue reading…]

Contradicting Charles Scoville’s insistance that he’s negotiating directly with the SEC and that everything is fine, yesterday the regulator filed an ex-parte motion requesting the appointment of a Receiver.

The SEC’s motion, filed on July 27th, reaffirms the regulator’s stance that Traffic Monsoon is a Ponzi scheme. [Continue reading…]

Proponents of adcredit “revenue sharing” would have you believe that the act of attaching advertising credits to a fraudulent investment scheme somehow legitimizes it.

The core take-away from the SEC’s shutdown of Traffic Monsoon yesterday is that this is complete nonsense.

For those unfamiliar with the adcredit business model, a business opportunity will typically have affiliates invest in adpacks or a similarly named vehicle. [Continue reading…]

OneCoin aren’t happy about YouTube terminating their OneLife account, and have threatened to take “legal action” against the company. [Continue reading…]

From what I can gather, Global Smart International initially launched on or around 2009.

The company initially marketed health and wellness products, with a reboot complete with new prelaunch phase announced recently.

Heading up Global Smart International is CEO and President, Ken Mackovic (below right).

According to Mackovic’s Global Smart International corporate bio;

Ken has more than 40 years worth of experience as an Owner or Master Distributor of several network marketing & direct sales companies, and has developed international sales and marketing teams of more than 250,000 independent distributors.

In the 1970’s, Ken became the youngest Diamond Direct distributor with ‘Amway’ (aka Quixstar International), and had more than 10,000 distributors in his downline.

In the 1980’s, Ken founded ‘Olde Worlde Products’, a small-scale Amway type MLM company. His company had 125,000 distributors who produced more than $100 million in sales, and operated in 5 countries over an 8 year period.

Olde Worlde Products is still active today under a different name with new owners, as a private label manufacturer (non MLM).

In the 1990’s, Ken helped re-launch ‘Pre-Paid Legal Services’ under the name of LegalShield and became an Executive Director before liquidating his assets. He organized and developed well over 24,000 associates in his downline.

In 2004, Ken co-founded ‘NexagenUSA’, an international MLM company with 80,000+ Distributors operating in 9 countries with over $80 million in sales. Ken resigned and sold his interest with NexagenUSA in 2005.

Ken has personally earned over $20 million in this industry. He has also mentored some of the top income earners of all time, such as: Dexter Yager (Amway), Dave Savula (LegalShield), and others that have gone on to make multiple millions of dollars!

In fact, he has directly helped nearly 50 people make a million dollars due to their direct association with him, and hundreds more make six-figure incomes.

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

In the wake of the SEC’s allegation that Traffic Monsoon is a $207 million dollar Ponzi scheme, owner Charles Scoville has publicly responded to the allegations.

In a Facebook post published about an hour ago, Scoville claimed he’s going to ‘stand up against (the SEC’s) claims in a court of law.‘ [Continue reading…]

Following the announcement of a TRO granted against Charles Scoville and his Traffic Monsoon Ponzi scam, we now take a look at the details behind the granting of the TRO.

The SEC’s filed memorandum accompanying their motion for a TRO is thirty-one pages long. I’ve broken down points of interest from the filing into relevant subheadings below. [Continue reading…]

MMM Asia is an offshoot of the MMM Global Ponzi scheme. Like MMM Global, MMM Asia promises investors 100% a month ROI on bitcoin investments.

Through a centrally-managed cash gifting scheme, MMM Asia tracks newly invested funds which are used to pay off existing investors.

MMM Global ran out of newly invested funds and collapsed earlier this year. Smaller local chapters of the Ponzi scheme in South Africa and elsewhere have since also collapsed.

MMM Asia appears to be one of those chapters, with police in Bengal receiving recently filed complaints from investors. [Continue reading…]