Good news for victims of the WCM777 Ponzi scheme, with the Receiver revealing allowed claims will be paid out “within the next week or so”.

The Receiver’s announcement was made as part of her twelfth Interim Report. [Continue reading…]

Following a proposal submitted last month by the Receiver, an order has established how much Zeek’s Rewards’ net-winner class will have to pay back.

The order makes no amendments to the Zeek Receiver’s initial proposal, which had already been signed off on by attorneys representing the 9000 strong net-winner class. [Continue reading…]

Following suspicion that the house Fabio Wanzeler’s Florida house had been purchased with stolen TelexFree Ponzi funds, last December the DOJ requested a restraining order against the property.

The DOJ were concerned that if James Merrill and Carlos Wanzeler were convicted, steps might be taken to sell or transfer the property to obfuscate links to TelexFree.

Based on evidence submitted by the DOJ, a restraining order against the property. [Continue reading…]

The Xabo Logistics website identifies Sir Harvey Bowen as CEO of the company.

Sir Bowen is a graduate economist and Canterbury University Ph.D.

His path began in the civil fleet Naval US. Academy, where he was able to successfully got his MBA with a scholarship, worked as vice president of Philips.

With the New Year in 2015 after the approval from the Queen of Great Britain, he was awarded the title of knight.

If that didn’t sound dubious enough off in and of itself, a quick check of the 2015 New Year Honors list reveals no Harvey Bowen was knighted in 2015. There’s nothing linking him to Philips either.

Put simply Harvey Bowen, as represented on the Xabo Logistics website, doesn’t exist.

A corporate address in Stockport, UK is provided on the Xabo Logistics website. Further research reveals this address actually belongs to an unrelated chartered accounting firm.

Xabo Logistics was incorporated in the UK on November 2nd, 2016. Joseph Morgan is listed as the sole Director of the company.

The address provided for Morgan belongs to an unrelated coffee and tea shop. Needless to say Joseph Morgan probably doesn’t exist either.

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 Fund website indicating who owns or runs the business.

The Crypto Wealth Fund website (“cryptowealthfund.com”) was privately registered on November 2nd, 2016.

The official Crypto Wealth Fund Facebook group lists one admin, Ahmad Shiekh.

The Ahmad Shiekh account appears to be fake, having only started posting (mostly copied content) from November 3rd, 2016 (the day after the Crypto Wealth Fund website domain was registered).

Prior to November 3rd the only content on the account is a cover photo change in 2016. This lack of content is typical of purchased Facebook accounts.

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 Fund Your Success website indicating who owns or runs the business.

The Fund Your Success website domain (“fundyoursuccess.com”) was first registered on December 19th, 2015. The registration was recently updated on December 21st, 2016.

John Dierksmeier is listed as the domain owner, with an address in the US state of Texas also provided.

Dierksmeier (full name John Dierksmeier Quesada) first popped up on BehindMLM’s radar in 2015 as the owner of 2×2 Wealth, a matrix cycler.

Other MLM opportunities Dierksmeier has since launched include Only7Bucks, Cafe Nopal, Eco Plus Network, My Secret Fortune and EZAdsNet.

In late 2016 Dierksmeier appears to have moved on to the Amazing Living autoship recruitment scheme. To build his Amazing Living downline Dierksmeier created Amazing Pre Builder, a matrix cycler feeder.

Alexa traffic statistics for the Amazing Pre Builder website suggest the scheme never took off. This has likely prompted the launch of Fund Your Success.

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

The collapse of MMM Nigeria in as many months continues to wreak havoc in the lives of those who invested.

The latest casualty is a mother of two from Benue, a state in Nigeria’s south-east.

On the eve of December 28th, Gloria Samson

bade her children bye and apologised for any wrongdoing she might have committed against them.

Samson then reportedly left the house and did not return. [Continue reading…]

There is no information on the Crypto 24×7 website indicating who owns or runs the business.

The Crypto 24×7 website domain (“crypto24x7.com”) was privately registered on January 22nd, 2017.

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…]

Following a guilty plea for wire fraud conspiracy back in 2015, Achieve Community co-owner Kristi Johnson has been stuck in sentencing limbo.

As per a court order November, 2015 court order, Johnson’s sentencing was postponed until the resolution of Troy Barnes’ criminal proceedings. [Continue reading…]

Back in late 2015 the SEC filed a lawsuit against TeamVinh. In their lawsuit, the SEC alleged TeamVinh was a $3 million dollar Ponzi scheme.

Last we checked in on the case was March of last year, at which time a consented judgement against TeamVinh and owner Vu H. Le (aka Vinh H. Le) was made. [Continue reading…]