There is no information on the Millionaires Business Club website indicating who owns or runs the business.

The Millionaires Business Club website domain (“millionairesbclub.com”) was first registered on December 8th, 2014. The registration was last updated on January 26th, 2016 and is set to private.

A PO Box address in Dubai is provided on the Millionaires Business Club website.

Various photos depicting men in middle-eastern style clothing are also provided on the Millionaires Business Club website.  Some of them show individuals standing infront of the Millionaires Business Club logo.

The photos are not captioned and when they were taken is unclear.

At the time of publication Alex estimate Bangladesh is the largest source of traffic to the Millionaires Business Club website (89%).

This strongly suggests whoever is running Millionaires Business Club is likely based out of Bangladesh 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…]

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

The SonaWorld website domain (“sonaworld.com”) was registered on January 4th, 2017. Darius Push is listed as the owner, with an incomplete address in Abuja, Nigeria also provided.

Possibly due to language barriers, I was unable to find any further information on Darius Push.

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…]

William Apostelos, the man behind the Genesis Acquisitions Ponzi scheme, was scheduled to face trial on February 6th.

Citing the need for ore ‘time to adequately prepare this complex case for trial‘ and ‘review a government document recently presented‘, Apostelos asked for a continuance on January 23rd. [Continue reading…]

The Easy Life Fundz website identifies Shina Lawal as owner of the company.

Lawal claims to be an “online entrepreneur” from Nigeria.

Lawal’s Easy Life Fundz corporate bio reads as you’d expect from someone who’s been scamming people for “over a decade”.

In my over a decade sojourn online I have done affiliate marketing, PTC, cpa, google adsense, Forex trading and training, Fx investment, Rev shares, Matrix, GH/PH program.

I have been involved in programs that looks like “YES, THIS IS IT” but only to find out down the road that such programs has only succeeded in wasting my time and resources and to make the mater worse, friends and families trust were broken because they were “dragged “into the failed program and you just can’t give a satisfactory explanation as to why the beyond your control “promising”program failed.

In the last 2 months (as of the time of this writing) I have being involved in at least 5 Matrixes program.

In 2016 Lawal was promoting ZarFund, a bitcoin based cash gifting scheme. Lawal claimed ZarFund was “NO RISK, 100% SAFE”.

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

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

The BTC Flood website domain (“btcflood.com”) was privately registered on October 10th, 2016.

The official BTC Flood Facebook group lists two admins, Zahid Hussain and Meenakshi Somani.

Zahid Hussain promotes BTC Flood on his personal Facebook page using the referral code “btcfloodadmin” and appears to be the owner of the site.

In late 2016 Hussain was promoting AmazeBTC and ZarFund, both bitcoin cash gifting schemes.

He was also an affiliate with CommHubb, a collapsed Ponzi pyramid hybrid.

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

While the sentencing of James Merrill next month will see the criminal side of TelexFree proceedings in the US wind up, down in Brazil they’re just just getting started.

Following a three year investigation by Brazilian Federal Police, last Thursday twenty-two Brazilian TelexFree scammers were indicted. [Continue reading…]

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

The UpCoin website domain (“upcoin.com”) was privately registered on November 21st, 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…]

There is no information on the Instant Bitcoin Profits website indicating who owns or runs the business.

The Instant Bitcoin Profits website domain (“instantbitcoinprofits.com”) was privately registered on January 12th, 2017.

Further research reveals Instant Bitcoin Profits affiliates naming Rune Fjortoft as admin of the company. On his Facebook profile, Fjortoft began advertising Instant Bitcoin Profits on January 28th.

The official Instant Bitcoin Profits Facebook group was created the same day.

Rune Fjortoft is based out of Norway and first popped up on BehindMLM’s radar as the admin of Instant Cash Matrix in 2011.

Instant Cash Matrix was a recruitment driven pyramid scheme. In 2013 Fjortoft launched Mobile Blog Pro, another recruitment driven scheme.

Fjortoft (right) is also a serial participant in the MLM underbelly, typically signing up for Ponzi and pyramid schemes under the affiliate ID “mlmpronews”.

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

In his own words, when Chris Principe ‘first heard about OneCoin, (he) thought it was either a scam or a pyramid scheme‘.

That quickly changed  after OneCoin paid Principe to run a fluff-piece in his Financial IT publication.

In addition to paying an undisclosed amount of money to change Principe’s opinion of the scheme, OneCoin agreed to purchase copies of Financial IT for distribution among their affiliates. Principe also briefly appeared at OneCoin events to read PR scripts.

Copies of the Financial IT issue with Ruja Ignatova popped up all over social media, cited by OneCoin affiliates as “proof” of independent third-party media coverage.

This was important to OneCoin affiliates because to date, independent coverage by media organizations worldwide has universally concluded OneCoin is a Ponzi scheme.

Principe’s promotion of OneCoin evidently didn’t go unnoticed by other European scams, with Russia’s Skyway Capital the latest to seek Financial IT out. [Continue reading…]

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

The LiteFunds website domain (“litefunds.com”) was registered on January 11th, 2017. Muhammad Bakru is listed as the owner, with an incomplete address in Jakarta, Indonesia also provided.

Whether this is an actual person or not is unclear.

At the time of publication Alexa estimate the top two sources of traffic to the LiteFunds website are Nigeria (31%) and India (18%).

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…]