As per a January 13th filing by the CFTC in the Changes Trading case, Kimball Parker appears to be trying to hide $100,000 from the regulator.

The CFTC filed a lawsuit alleging violations of the Commodity Exchange Act against Parker last October.

Thus far Parker and co-conspirator Timothy Baggett have failed to make an appearance in the case. Default judgement was granted against the pair in November. [Continue reading…]

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

The Inprexia website domain (“inprexia.com”) was privately registered on October 11th, 2016.

The official Inprexia Facebook group has one admin, an account bearing the name “Axiantor Inprexia”. This account lists its location as Lisbon, Portugal.

This account was created only recently on January 14th, 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…]

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

The WexCoin website domain (“wexcoin.com”) was registered on January 22nd, 2016. Wexco LLC is listed as the owner, with an address in the US state of Delaware also provided.

Further research reveals this address actually belongs to Harvard Business Services.

Harvard Business Service sell Delaware incorporation services, suggesting WexCoin exists in Delaware in name only.

At the time of publication Alexa estimate that Vietnam (61%) and Nigeria (29%) are the largest sources of traffic to the WexCoin website.

Official languages supported on the WexCoin website are English and Simplified Chinese (as used in China).

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 promises to return earlier this month after MMM Nigeria collapsed in December, widespread reports suggest most affiliates in the cash gifting scheme are not getting paid.

In addition to withdrawal restrictions put in place in the hope affiliate recruitment will pick up again, now it appears MMM Nigeria’s top affiliate has fled the country. [Continue reading…]

In contrast to the speed of which European authorities are investigating the scheme, OneCoin warnings from consumer protection agencies continue to roll in.

The latest is a January 25th warning from Slovenia’s Consumer Association. [Continue reading…]

It appears a dispute has broken out between the scammers behind the SwissCoin Ponzi scheme.

In a press-release the Swiss law firm Kanzler Schulenberg & Schenk have announced they’ve obtained an interim injunction against the scheme.

According to the press-release, SwissCoin was up until recently under the control of Eurosolution GmbH. [Continue reading…]

The 50K Profits website identifies “John and Lynn” as owners of the company. No specific information about the couple is provided.

Further research reveals “John” is John Toth.

Toth first appeared on BehindMLM radar back in 2015 as the admin of 20K Profits.

20K Profits was a $20,000 cash gifting scheme. At the time of publication the 20K Profits website was non-responsive, suggesting the scheme has collapsed.

Prior to launching 20K Profits Toth (right) was an affiliate with Inspired Living Application (mobile videos) and Bioceutica (health and wellness).

Read on for a full review of the 50K Profits MLM opportunity. [Continue reading…]

The Spillover Factory website identifies Mike Maxwell as Director of the company. An address in the US state of Delaware is also provided.

Further research reveals this address actually belongs to Bobbi Rhian’s Executive Lounge, which doesn’t appear to have anything to do with Spillover Factory.

No information on Mike Maxwell is provided on the Spillover Factory website.

The Spillover Factory website domain (“spilloverfactory.com”) was privately registered on December 12th, 2016.

The Spillover Factory website also default to German, which is strange for a company that is purportedly run out of the US. Alexa also estimate that 25% of all traffic to the Spillover Factory website originates out of Germany.

Put all of this together and it’s highly likely Mike Maxwell doesn’t exist. The Spillover Factory is likely being run by someone of German origin based out of Europe.

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 an interview with German radio station SR3, Thomas Beutler of Saarland’s Consumer Protection Center has warned against OneCoin investment. [Continue reading…]

BK Boreyko is best known in the MLM industry for founding Vemma back in 2004. At its peak, Vemma was doing hundreds of millions of dollars in annual sales.

In 2015 the FTC shut Vemma down for being a pyramid scheme.

The case played out in court until December 2016, wherein Vemma reached a settlement agreement with the FTC.

In addition to $237 million dollar partially suspended and $470,136 payable fines and the surrender of various real estate and business assets, Vemma and Boreyko agreed to cease pyramid scheme business practices.

About a month after the FTC Vemma settlement, Boreyko (right) announced a new MLM business venture, Bode Pro.

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