Karatbars International are one of the pioneers of the gold recruitment MLM business model.

Under the guise of purchasing gold, Karatbars’ business model sees affiliates pay a fee and are then paid to recruit others who pay a fee.

In 2014 Canadian regulator Autorité des marchés financiers (AMF) issued a warning against Karatbars.

The warning was reinforced with legal action, which has been playing out over these past two years. [Continue reading…]

Following a scathing summary judgement decision that saw USFIA labelled a Ponzi scheme and Steve Chen the scammer who operated it, the SEC’s case against USFIA seemed all but over.

Despite effectively losing the case, Steve Chen is still fighting it out to the bitter end. [Continue reading…]

My Advertising Pays was initially launched in 2013 by Mike Deese.

The premise was simple enough, invest $50 and receive a $55 ROI. Wash, rinse and repeat.

Unfortunately the only verifiable source of revenue entering My Advertising Pays was affiliate investment, making it a Ponzi scheme.

My Advertising Pays first collapsed in mid 2015. In an effort to keep the scam going, US investor ROIs were cancelled and Deese (right) relaunched in Europe.

That lasted about a year, with My Advertising Pays again collapsing in mid 2016.

Another reboot was announced last month, however that appears to have already been scrapped.

A consistent theme with My Advertising Pays’ relaunched is the fact that most affiliates aren’t paid. This doesn’t seem to affect the top investors, who regularly boast about luxury purchases on social media:

Mike Deese himself seems to be flush with cash, as evidenced by the purchase of a $600,000 home in Mississippi earlier this year:

Affiliates meanwhile are told My Advertising Pays can’t pay them because VX Gateway, their former payment processor, ran off with $60 million in invested funds.

A lawsuit has been filed to that effect and is still playing out in court.

Now under the name “The Advert Platform”, My Advertising Pays is gearing up to relaunch for a third time. [Continue reading…]

There is no information on the Internet Business Suite website indicating who owns or runs the business.

The Internet Business Suite website domain (“internetbusinesssuite.com”) was registered on the 2nd of January, 2016. Dustin Langley is listed as the owner, with an address in the US state of Tennessee also provided.

This matches up with Langley’s Twitter profile, which is linked off the Internet Business Suite website.

Dustin Langley (right) first appeared on BehindMLM’s radar as a possible admin of Residual Daily Profits, a recruitment driven matrix pyramid scheme launched mid 2012.

Residual Daily Profits appears to have morphed into WahVision, a Ponzi scheme launched that same year.

In 2014 Langley resurfaced with Banner Ads Daily, a 125% ROI Ponzi scheme.

Banner Ads Daily lasted less than a month before it collapsed.

Langley appears to have been running MLM underbelly scams since at least 2010 (10K 4 Christmas).

In addition to Residual Daily Profits, here’s a list of MLM underbelly schemes Dustin Langley has launched since then:

• Global Venture Club (chain-recruitment, 2011)
• Residual 500 (chain-recruitment, 2011)
• Long Term Residuals (subscription based cycler, 2012)
• AdProjectX (135% ROI Ponzi scheme, 2013)
• Fast Residuals (cycler recruitment, 2013)
• Earn Revolution (matrix-based pyramid scheme, 2014)

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

Another day, another European regulator warns about OneCoin without actually doing anything about it.

The latest regulatory warning against OneCoin is another from the Central Bank of Hungary.

An advisory on the risk of cryptocurrencies dated December 20th singles out OneCoin as a pyramid scheme. [Continue reading…]

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

The ZID Ads website domain (“zidads.com”) was privately registered on November 26th, 2016.

A Facebook account bearing the name “Ryan Walker” created the official ZID Ads Facebook Group on December 8th.

There is no content on the Ryan Walker account and it appears to be bogus.

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 Take Fund website indicating who owns or runs the business.

The Take Fund website domain (“take.fund”) was privately registered on the 3rd of October, 2016.

Take Fund itself appears to have only launched in early December, with the official Take Fund Facebook page going live on December 12th.

Alexa currently estimate that Poland (36.5%) and Ireland (28.8%) are the top sources of traffic to the Take Fund website.

This suggests that whoever is running Take Fund is also likely based out of one of these two countries.

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…]

PTCHits4u launched in 2011 as a simple $1 in, $1.50 out Ponzi scheme. The original business model finally collapsed earlier this year around May.

A relaunch has since been announced, so today we’re taking a look at and reviewing PTCHits4u’s new compensation plan. [Continue reading…]

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

The MMM BTC website domain (“mmmbtc.online”) was privately registered on November 27th, 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…]

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…]