There is no information on the 10x Recruiter website indicating who owns or runs the business.

The 10x Recruiter website domain (“10xrecruiter.com”) was registered on the 1st of April 2016, however the domain registration is set to private.

A marketing video on the 10x Recruiter website is hosted on a YouTube channel bearing the name “Randy Thomas”.

Further research reveals 10x Recruiter affiliates crediting Thomas with having come over from HopRocket (travel):

The 10x Recruiter Terms and Conditions suggest the company is being run out of North Carolina in the US:

The exclusive jurisdiction for any claim, controversy, lawsuit or resolution of any matter relating to or arising under any 10X Recruiter Terms and Conditions or Policies shall be North Carolina, USA.

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…]

Personally I’m bit over following the FTC Herbalife saga… at least until we get something concrete.

BehindMLM first covered a “pending law enforcement action” back in 2013, and it’s been nothing but speculation ever since.

In what may be more speculation, Herbalife are now claiming they expect the FTC to hit them with a $200 million dollar fine. [Continue reading…]

William Apostelos ran a $70 million dollar Ponzi scheme, which branched out into MLM via Genesis Acquisitions.

In November 2014 the FBI shut the scheme down. Apostelos was indicted just under a year later on thirteen counts of wire fraud.

Apostelos’ trial had been inching closer but due to discovery issues, has now been delayed until February, 2017. [Continue reading…]

When BehindMLM reviewed Ju Ding back in late 2013, we were unable to establish who was running the scheme.

Links between Ju Ding and Phil Ming Xu’s WCM777 were observed, but nothing concrete on who explicitly was behind Ju Ding.

Turns out Wenxing Huang (also known as “Di Peng” and “Fatty”), a resident of San Gabriel, California, was behind the scheme.

Yesterday FBI agents arrested Huang, who is now facing charges of wire fraud and money laundering. [Continue reading…]

In late 2014 OneCoin seemingly came out of nowhere.

Ruja Ignatova was an unknown outside of China and a select group of Europeans. Sebastian Greenwood was tied to the SiteTalk share-based Ponzi scheme.

As far as the cryptocurrency space went, the OneCoin concept was presented as being entirely new.

Turns out it isn’t.

OneCoin is little more than a third attempt at the Ponzi points model, tweaked for maximum financial destruction of its affiliate-base. [Continue reading…]

BehindMLM reviewed FX United back in February.

With a passive 150% ROI offered on $300 to $10,000 investments, FX United raised some serious compliance issues.

The sum total of (FX United) is an opportunity that comes off as pretty suss. You don’t really know who’s running it, from where, or what they’re doing with your invested funds.

That’s not smart business, making FX United an opportunity you should probably stay clear of.

As is common with schemes run by anonymous admins, FX United claimed to be registered in an out of the way jurisdiction.

That jurisdiction is New Zealand, who have little to no track record of MLM regulation.

Despite that, New Zealand’s Financial Markets Authority (think SEC) still took it upon themselves to issue a warning against FX United. [Continue reading…]

Disclosure is something often overlooked in the promotion of MLM opportunities.

In an industry where you’re actively promoting a business opportunity on the premise that anyone can be successful, disclosure of anything that might skew that representation is important.

Failure to do so is not only dishonest but also a prime target for regulatory investigation. [Continue reading…]

PlanB4You was a Ponzi scheme launched in mid-2014 by Johny Schabregs.

As per PlanB4You’s business model, affiliates invested €40 EUR on the promise of a €50 EUR ROI.

In a rare show of force by European regulators, the ill-fated scheme was shut down by Dutch authorities a few months after launch.

Schabregs managed to evade authorities for a few months, but was eventually apprehended in early 2015.

Charged with fraud, operating a pyramid scheme and money laundering, criminal proceedings against Schabregs have been playing out this past year. [Continue reading…]

There is no information on the Allin25 website indicating who owns or runs the business.

The Allin25 website domain (“allin25.com”) was registered on the 21st of January 2016, however the domain registration is set to private.

Alexa currently estimate that some 67% of all traffic to the Allin25 website originates out of Poland. This is a strong indication that Allin25 is being operated by an admin based out of Poland itself.

A look at the source code of the Allin25 affiliate login page reveals a “Denis Mazanov” cited as the author of the content:

Possible due to language-barriers, I was unable to source any further information on Mazanov’s role within Allin25.

Update 5th May 2016 – Additional research from BehindMLM reader NikSam has revealed Denis Mazanov to be a Russian web developer living in Poland. The owner(s) of Allin25 is still a mystery but remains likely based out of Poland. /end update

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…]

Well, that didn’t take long.

Just shy of a month after MMM Global collapsed, the local South African chapter has gone under.

As at the time of publication invested funds, along with withdrawal requests, have been “frozen”.

Not surprisingly, the reason for the freeze is a lack of new investment into the scheme. [Continue reading…]