Despite being completely dismantled and its owner heading to jail, litigation as a result of the Zeek Rewards fallout continues.

Back in 2014 Bids That Give (BTG180), a Zeek Rewards Ponzi clone, sued Robert Craddock over a promotional contract dispute.

In a nutshell, Craddock, through his company Fun Club USA, was hired to funnel Zeek Rewards victims into Bids That Give.

Bids That Give paid Craddock $50,000 in advance, he failed to deliver. [Continue reading…]

Vasayo are based out of Utah and headed up by Dallin and Karree Larsen.

Dallin Larsen first popped up on most people’s radar as Usana’s President of Sales in the 1990s. Larsen held several executive positions in Usana before his appointment as President.

In 2001 Larsen was appointed Vice President of Sales at Dynamic Essentials. Dynamic Essentials ran into regulatory problems with the FDA in 2003, with Larsen leaving the company that same year.

In 2005 Larsen (right, with Karree) founded and launched Monavie, which today is what he’s best known for in the MLM industry.

Monavie marketed a blended acai berry juice and initially was pretty successful within the MLM sphere.

By 2014 things at Monavie weren’t looking good, prompting Larsen to leave the company.

Rather than shy away from his past, as is often the case, in a Vasayo marketing video Larsen is refreshingly candid about his departure from Monavie.

[0:33] Two years ago, after it became apparent that we had lost control of the outcome of Monavie for several reasons, including a significant philosophical disagreement with our private equity investors, as to the company’s culture and who should lead the company, we decided to step away in July of 2014 and agreed to stay out of the industry for two years.

We have honored that agreement.

[1:30] When we resigned from Monavie we shared a video message stating that we didn’t know for sure what our future was going to look like.

Now, two years later, we have clarity.

That clarity brought about the launch of Vasayo.

As for Monavie, it plunged into $182 million dollars in debt and was sold off to Jeunesse. Jeunesse promptly set about dismantling what was left of Monavie and integrating it into their own business.

Larsen appears determined not to make the same mistakes he felt he made with Monavie again;

[3:35] We have every intention of leading this company until our last breath. This will be the final journey of our lifetimes.

In addition, we have no intention of every selling this company. We’re not starting with an exit-strategy in mind but instead, to build and leave a legacy.

And unlike Monavie we will maintain more than fifty percent ownership in the company, so that we can steer the ship and culture in a direction we believe to be in the best interests of our distributors.

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

Retail sales requirements within an MLM opportunity is perhaps the most decisive issue facing the industry today.

Proponents of pyramid schemes argue that affiliate purchases of product should count as retail sales. I myself argue that to permit as much would open door for product-based pyramid schemes to operate freely.

This stance is strongly rooted in the definition of an MLM pyramid scheme which, regardless of the company, has commonality with respect to a lack of retail sales.

If you start trying to change the definition of a retail sale instead of encouraging retail sales activity itself, you’re just trying to make excuses for pyramid schemes.

I’ve held this opinion for years here at BehindMLM and it forms the base of pretty much every MLM review I’ve written.

On December 15th the FTC published an article that all but confirms retail sales are indeed only sales to non-affiliates. [Continue reading…]

News of a potential settlement between the FTC and Vemma first surfaced back in September.

The FTC were willing to take the case to trial but Vemma and defendants BK Boreyko and Tom Alkazin wanted to settle.

Last month the FTC requested additional time to go over the proposed settlement, with a unanimous 3-0 decision reached yesterday. [Continue reading…]

The latest Zukul webinar aired earlier today. In it, owner Jeremy Rush addresses what he refers to as a number a number of issues.

Perhaps the most interesting of which is criticism on Facebook, which Rush claims he’s ready to sue over. [Continue reading…]

There is no information on the E-Cooperative website indicating who owns or runs the business.

The E-Cooperative website domain (“ecooperative.online”) was registered on October 25th, 2016. Christian Jombo of HeptaPixels INC is listed as the owner, with an address in Calabar, Nigeria also provided.

HeptaPixels appear to be a web hosting company based out of Nigeria. Christian Jombo is cited as the company’s CEO.

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…]

The Cool Naira website identifies Paul Samson as founder of the company.

Samson purportedly founded Cool Naira through the company G-Cyber Technologies back in March.

Samson (right) claims G-Cyber Technologies is incorporated in Nigeria, however I was unable to independently verify this (the Corporate Affairs Commission search website was down at the time of publication).

G-Cyber Technologies’ own Facebook page suggests the company is a web hosting reseller.

Cool Naira appears to be Samson’s first MLM venture.

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

Tax authorities in Brazil aren’t done investigating TelexFree, with the latest seeing Carlos Costa sued for $1.3 million dollars in tax fraud. [Continue reading…]

Following Final Judgement granted against three of Zeek Rewards’ top thieves, the same has now been granted against all named net-winners in the Receiver’s clawback lawsuit. [Continue reading…]

There is no information on the Bit Cycler website indicating who owns or runs the business. Infact, at the time of publication the site is nothing more than a login page.

The Bit Cycler website domain (“bitcycler.com”) was registered on the 6th of October, 2016. Francisco Gomez of 3fera is listed as the owner.

3fera appears to be web design and marketing company based out of Spain.

The official Bit Cycler Facebook group lists three admins;  Tonatiuh Cordero, Antonio Solis and Armando Castillo.

Presumably one, two or all three of these individuals are running Bit Cycler. I wasn’t able to conclusively verify who.

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…]