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

The Bitcoinfinite website domain (“bitcoinfinite.com”) was registered privately on the 16th of November, 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 Bitcoin Hive website indicating who owns or runs the business.

The Bitcoin Hive website domain (“bitcoinhive.net”) was registered privately on the 10th of November, 2016.

If you visit the Bitcoin Hive website without an affiliate referral code, the site informs you that have been “invited by Bitcoin Hive Admin”.

If you then click on the yellow “register” button at the top of the page, the site then informs you that ‘you were invited by Lorraine du Plessis‘.

This is the only name that comes up when “Bitcoin Hive Admin”is the referring affiliate.

I was unable to find anything further regarding this individual in relation to Bitcoin Hive.

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 My Adsino website specifically identifying the individual or individuals who own or run the company.

The My Adsino Terms and Conditions state that My Adsino is

a registered trademark in the European Union which is operated by Red Deck Entertainment Ltd (HE 266289), a company established on the 22nd of April 2010 in Cyprus.

MyADSino is regulated by the laws of Curacao (formerly Netherlands Antilles).

Red Deck Entertainment was indeed incorporated in Cyprus in 2010. Kliridis Charalampos is listed as the sole Director of the company.

No information on this person exists outside of the Red Deck Entertainment Cyprus incorporation.

Why My Adsino claim to be regulated by the laws of Curacao is also unclear.

Cyprus is not known for stringent regulation of MLM underbelly schemes and is a favorite of European-based scammers.

Curacao meanwhile has a reputation for being an offshore tax-haven with little to no regulation.

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…]

Zukul Gold was initially announced earlier this year but quickly vanished.

Earlier this month it appears to have resurfaced and is being touted as an entirely new opportunity.

Today we take a look at Zukul’s latest offering. Read on for a full review of the Zukul Gold MLM opportunity. [Continue reading…]

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

The AutoxAds website domain (“autoxads.com”) was privately registered on October 28th, 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 Crypto Wealth website indicating who owns or runs the business.

The Crypto Wealth website domain (“cryptowealth.net”) was registered on the 7th of August, 2016. Joe Jansen is listed as the owner through an address in Johannesburg, South Africa.

At the time of publication Alexa estimate that South Africa is the largest source of traffic to the Crypto Wealth website (60%).

I was unable to find any further information on Joe Jansen with respect to Crypto Wealth, which I’m flagging as suspicious.

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…]

It hasn’t been a good month for MLM Ponzi settlements.

Earlier this month the Zeek Rewards Receiver settled with Gary Bessoni for $175,000. Through Zeek Rewards, Bessoni had stolen around $3.3 million dollars from Ponzi victims.

Now news of a settlement between the TelexFree Trustee and Infinium Wireless, through which less than 1% of the disputed amount will be returned. [Continue reading…]

Eagle Gates Group name Eddy McClough as Founder and CEO of the company.

Has over 12 years of diversified financial services experience holding senior management roles spanning investment banking, private equity, investment management, and real estate in global financial services brands such as KPMG, Bank of America Securities and Merrill Lynch.

Distinguished speaker who has presented numerous keynote speeches globally ranging from macroeconomic issues, investment techniques and risk management at various international investment conference and summits.

As to the company itself;

Founded on February 2005 in the United States, Eagle Gates Group is now one of the world’s leading index futures investment and asset management company.

While the Eagle Gates Group website domain was first registered back in 2005, research reveals it hosted content that had nothing to do with Eagle Gates Group until earlier this year.

In early March the Eagle Gates Group domain registration changed, reflecting when McClough likely took possession of it.

Prior to March, the domain was redirected to an unrelated electrical gate retailer.

The Eagle Gates Group website as it is today went live sometime after March, 2016.

With respect to Eddy McClough (right), no information about him exists outside of what has recently been published in connection with Eagle Gates Group.

There is an obviously staged “CNN interview” doing the rounds, in which McClough is fed softball questions from a paid actor.

The interview is shot in a small studio with harsh lighting (McClough appears saturated in sweat) and echoey sound.

Quite obviously the segment didn’t air on CNN.

If you pay particular attention to McClough’s eyes, you can see he’s reading off a script (when he finishes his eyes dart back to the interviewer). There’s also two clocks on-screen which go out of sync at [3:13].

Who McClough actually is I have no idea. His LinkedIn profile claims he’s based out of New York but other than that there’s no reliable information publicly available about him.

Bit strange for someone who’s purportedly a ‘distinguished speaker who has presented numerous keynote speeches globally‘.

Eagle Gates Group provide a corporate address in New York on their website. Further research however reveals this is a “virtual office business center” ($99 a month).

It appears Eagle Gates Group (and probably Eddy McClough), exists in New York in name only.

At the time of publication Alexa estimate that 72.5% of traffic to the Eagle Gates Group originates out of Thailand. This suggests Thailand is likely where Eagle Gates Group is being operated from.

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

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

Razzleton claim to be involved in the ‘worldwide distribution of healthcare products‘.

On their website, Razzleton claim:

Razzleton HealthCare Limited has been in the wholesale drug market since 1995.

Building a team of highly qualified pharmacists, skilled logistics experts and marketing specialists, we have grown from a small firm engaged in retail sales to a regional company with an annual turnover exceeding $10.000.000.

The Razzleton website domain was indeed first registered back in 1995. However back then it belonged to “Razzleton Enterprises and was used to sell personal care, nutrition and technology products.

As far back as January 2014 the “razzleton.com” was up for sale.

Around August 2015 the domain was parked with GoDaddy.

On or around December 2015 a new Razzleton website went live, promising ROIs of up to 0.6% a day.

This coincides with a domain registration update on the 4th of December, 2015. This is likely when the current owners took possession of the Razzleton domain.

This means the claim that Razzleton, as represented on the Razzleton website today, has been around since 1995 is completely bogus.

Note that the above can verified dependently by anyone through Archive.org’s Wayback Machine.

The owner of the Razzleton website is listed as “Jayden Woods”, with an address in the UK also provided. The same address appears on the Razzletn website.

Further research reveals a number of companies using this address, suggesting Razzleton exists in the UK in name only.

A search of the UK Companies House database reveals Razzleton Healthcare Limited was only incorporated on the 8th of September 2016 (so much for being around since 1995).

Jayden Woods is listed as the sole Director of the company, along with a residential address in London.

A UK incorporation costs about £20 GBP and requires nothing more than an address in the UK (can be virtual).

One of the companies that uses the same address as Razzleton is “Russian Trading Company Limited”. As per their LinkedIn profile, Russian Trading Company Limited operate in the financial services industry.

Alexa currently estimate that Russia is the largest source of traffic to the Razzleton website.

There is no information publicly available on Jayden Woods in connection to Razzleton, outside of his name appearing on the Razzleton domain registration.

The official Razzleton Facebook group was created on September 8th by a profile bearing the name “Alexander Walker”.

The Alexander Walker profile is bogus, having only been created in September itself. Other than a profile-picture change to Razzleton marketing material, there is no activity on the account.

In summation, the corporate history provided on the Razzleton website is all made up. Neither Jayden Woods or Alexender Walker actually exist and the company is likely run by Russian scammers (further evidenced by Telegram and VKontakte links on the Razzleton website).

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…]

In his 5th Interim Report, the USFIA Receiver has indicated he expects forensic accounting to be completed around January 2017.

Once finalized, the accounting will

confirm the entire scope of the USFIA enterprise, the number of investors, or specific amounts invested by investors and distributed to them.

As per current accounting progress, the Receivership has identified approximately 65,000 victims and 78 bank accounts which processed $195 million in losses.

Approximately $19 million has been recovered by the Receiver thus far. On top of that assets seized have an estimated value of about $77.5 million. [Continue reading…]