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

Infact at the time of publication, the MacroCoin website is nothing more than an affiliate login form.

The MacroCoin website domain (“macrocoin.info”) was registered with bogus (incomplete) details on August 26th, 2016.

The official MacroCoin compensation plan documentation features the logo of an entity named “UECB Group”.

UECB Group have their own page on the MacroCoin website (not linked from the homepage).

UECB Group brings years of experience in financial and private sectors worldwide. With branches and dedicated teams all over the world we combine what’s best in each market into one global solution.

We provide an all-in-one solution that merges blockchain technologies with traditional payment networks in a new digital assets ecosystem.

UECB appear to be behind MacroCoin and are headed up by Simon Karakaš (CEO) and Rok Potočnik (“Senior Executive”).

Simon Karakaš (right) was involved in ByXpress, who created the MCoin cryptocurrency.

MCoin was a worthless altcoin cryptocurrency ByXpress mined through Coins Race. The company launched in 2015 and had crashed by early 2016.

In a ByXpress marketing video dated November 2015, Karakaš introduces himself as the “Cryptocurrency Officer of Coins Race”.

Karakaš is based out of Hong Kong, which is likely where MacroCoins is being operated from.

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

Over the last few months David Manning has struggled to keep his company together.

The narrative Manning is fighting is that top leaders have left Paycation en masse for Global Platinum Services.

Affiliates under these leaders have also jumped ship, prompting a flurry of Global Platinum Services marketing videos capitalizing on click-bait to market the opportunity.

Before we go any further though, let’s take a look at the two companies in question. [Continue reading…]

No matter how many times it’s denied, the fundamental truth behind MLM underbelly schemes is that you can’t pay out more than is paid in.

Here at BehindMLM we routinely review the latest offerings from the MLM underbelly. When one of our reviews points out the obvious, often this doesn’t go down well with a company owner.

One of the more recent examples of this taking place was Pearse Donnelly’s reaction to BehindMLM’s Traffic Powerline review. [Continue reading…]

Zivizi operate in the health and nutrition niche and are based out of Utah in the US.

Heading up the company is Steve Francisco, who serves as Zivizi’s CEO.

Zivizi itself is owned by Miyu Holdings, a Utah company founded by Ike Hong in 2014. Miyu Holdings is made up of a number of companies, spanning mobile messaging, cash back shopping, health, advertising, online travel and “digital business training”.

The earliest I was able to find on Steve Francisco’s involvement in the MLM industry dates back to 2005. According to an SEC filing, Francisco had an exclusive “royalty agreement” with Lexxus International.

I did find a marketing video from 2010 in which Francisco claims to have a 25 year history in MLM, but couldn’t find anything earlier than 2005.

That same year Lexxus International changed its name to NHT Global. NHT Global operates in the personal care and health MLM niche and is still in business today.

Francisco’s next MLM stint was a “Master Associate” with Talk Fusion. Talk Fusion was founded in 2007, although I wasn’t able to confirm if Francisco was involved from launch.

Fransisco left Talk Fusion in 2009. In late 2010 Francisco reemerged as the President of Renua Medical.

Renua Medical sell medical equipment, cookie meals and health and nutritional supplements. Renua Medical still appear to be in business but I couldn’t find anything about an MLM opportunity on their website.

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

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

The CoolFund website domain (“coolfund.io”) was privately registered on November 15th, 2016.

A marketing video on the CoolFund website is hosted on a YouTube account bearing the name “Ronald Cruz”. The account has no other content and appears to have been recently created to promote CoolFund.

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 BitcoinEX website indicating who owns or runs the business.

The BitcoinEX website domain (“bitcoinex.club”) was privately registered on August 1st, 2016.

The default language of the BitcoinEX website is Spanish. Alexa also estimate that Spain is the largest source of traffic to the BitcoinEX website (30%).

Given this, it’s a good bet that whoever is running BitcoinEX is likely based out Spain as well.

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…]

Some things in the MLM underbelly never change.

When a resident Ponzi scheme collapses, rather than admit the scam ran out of funds, cliched excuses about hackers and funds being frozen are trotted out.

My 24 Hour Income was an adcredit Ponzi scheme promising ROIs of up to 130% on $5 to $75 investments. The scam launched in July and by late November had collapsed.

Drew Burton, the owner of My 24 Hour Income, blamed the first collapse on hackers. He claims hackers stole 800 BTC from the system ($769,384 USD).

Burton eventually re-opened the site only to find affiliates pile on the withdrawal requests with no new investment coming in.

With Christmas looming, My 24 Hour Income went down again after a few days has been “under maintenance” ever since.

Burton has been promising a reboot for most of the month, with a new version of My 24 Hour Income now set to go live in a few days. [Continue reading…]

The last few months haven’t been good for Kairos Technologies.

Back in September thirty odd leaders of the Ponzi scheme were arrested in Belarus.

In November Kairos Technologies had to suspend affiliate withdrawals, following the launch of a criminal investigation in Hungary.

Now the cash-strapped scam has announced plans to offer affiliates shares… [Continue reading…]

Earlier this month the Italian Antitrust and Consumer Protection Authority (AGCM) had issued cease and desists against local OneCoin affiliates.

Yesterday the AGCM issued an interim injunction against One Network Services, effectively banning the promotion of OneCoin in Italy. [Continue reading…]

For a company that’s been around since 1999, you’d think Dubli (Omnito) would have had plenty of time to fine tune its business model into profitability.

Things were looking pretty bleak this time last year, with Dubli reporting $13.9 million dollars in losses.

The good news? Dubli managed to reduce their losses in 2016.

The bad news? The company still managed to blow through $10.3 million dollars. [Continue reading…]