Online Money University owner Lalit Bajpai describes Online Money University as “the greatest online business opportunity Of 2016”.

Bajpai, who is based out of Nasik in India, also claims to have worked ‘in network marketing, online business and share trading from last 11 years‘.

Back in February Bajpai (right) was promoting a 225% ROI Ponzi scheme called Revshare4DreamCar.

Other Ponzi schemes promoted by Bajpai include Triple Threat, MyZoomAds, My Paying Ads and MMM Global (collapsed Ponzi scheme).

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

Following media reports detailing raids and arrests on top Kairos Technologies investors in Belarus, the country’s State Control Committee has issued a statement confirming the news. [Continue reading…]

There is no information on the Bitcoin4u website indicating who owns or runs the business.

The Bitcoin4u website domain (“bitcoin4u.biz”) was registered on the 1st of August 2016, however the domain registration is set to private.

At the time of publication Alexa estimate that 42% of all traffic to the Bitcoin4u website originates out of India. This strongly suggests that whoever is running the company is also likely based out of India too.

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 Quartrix website indicating who owns or runs the business.

The Quartrix website domain (“quartrix.com”) was registered on the 23rd of September 2016, however the domain registration is set to private.

The official Quartrix Facebook page suggests Richard Morrison is running the company.

Quartrix began life as “My BitCoin Life”, a bitcoin-based matrix Ponzi scheme. A few weeks into launch My BitCoin Life collapsed, with Morrison publishing the following update to Facebook on September 21st;

OK folks, I’ve come out of a meeting with John and we have come to the conclusion that MBL is not working.

People don’t seem to be promoting it or the program is not simple enough we are not sure. It could be a combination of both factors and it probably is.

So as of from now MBL is closing it’s [sic]doors.

A day later Morrison made a preliminary announcement for Quartrix:

In a few days we will roll out our next BTC builder programme. We will offer full transparency of positions (Viewable), powerful re-entry plan and direct bitcoin wallet transactions.

Morrison changed the name of the My BitCoin Life Facebook group to Quartrix on September 24th.

Other MLM opportunities Morrison is promoting on his Facebook page include Ultimate Business World (Ponzi points), SmashCoin (HYIP), The Billion Coin (HYIP), THW Global (recruitment), BeOnPush (collapsed Ponzi scheme), CommHubb (unregistered securities) and Smash Fund (pyramid scheme).

Morrison’s Facebook profile was only created back in April of this year and was immediately used to begin promoting various schemes. I suspect it might be a pseudonym.

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

In a September 28th trial brief filing, the DOJ claim TelexFree was

a massive pyramid scheme that roped in about a million people worldwide and caused about a billion dollars in losses.

TelexFree paid participants a yearly return of over 200% without requiring them to sell anything.

All they had to do was (a) pay TelexFree $1425 and then (b) spend a few minutes cutting and pasting tiny classified ads to a handful of web sites every day.

The company paid participants to recruit others too, but never required significant sales of an actual product.

Unsurprisingly, TelexFree collapsed; by April 2014 it owed its participants about $5,000,000,000.

At Merrill’s trial, currently scheduled for October 24th, the DOJ plan to

prove that TelexFree was a Ponzi and pyramid scheme (and) that Merrill knew this almost from the beginning, and yet continued to actively promote the company and profited from its illegal proceeds.

The DOJ’s filing is 46 pages long, so in the interest of brevity I’ve condensed the brief with only minimal commentary.

Read on for a brief of the DOJ’s case against James Merrill. [Continue reading…]

According to news reports out of Belarus, thirty local Kairos Technologies leaders were arrested yesterday. [Continue reading…]

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

BITRISING is a semi-automated system created by 3 individuals, who are funding and Founding members.

The BitRising website domain (“bitrising.com”) was registered on the 11th of September 2016, however the domain registration is set to private.

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…]

Ultimate Business World claim to be based out of Estonia and operate in the digital currency MLM niche.

The company claims to be owned by Manhattan Securities, however no further information about this company is provided.

The Manhattan Securities website only displays the message: “Website is currently updating and will be online soon!” The domain itself was registered over a year ago.

A website frequently cited in the Ultimate Business World Terms and Conditions is that of Manhattan Funding, which today redirects to the Ultimate Business World website.

All three domains, Manhattan Securities, Manhattan Funding and Ultimate Business World have been registered privately.

Credited as Chairman of Ultimate Business World on its website is Paal Aschjem (right).

Paal is renowned throughout his international network for his role as the founder and longtime Chairman of the Norwegian–Estonian Chamber of Commerce, the Chairman of the Foreign Investors Council in Estonia, International Vice President of Junior Chamber International and the president of JCI Association of Senators in Europe.

Paal has developed several major companies in Norway and Estonia during the last 20 years.

A flyer hosted on the Norwegian embassy for Estonia website recommends Aschjem as the person to speak to if you’re interested in ‘networking/events with Norwegian companies established in Estonia‘.

Possibly due to language barriers (Aschjem is originally from Norway but now resides in Estonia), I was unable to put together an MLM history.

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

Back in January of 2015 Chuck King claimed the FBI was actively investigating Global1Entertainment and owner Rick Maike.

The status of the FBI investigation, indeed even whether it took place, has remained unknown for a year and a half.

There have been no official updates or subsequent information pertaining to the investigation released.

Today BehindMLM can reveal the DOJ filed a verified complaint for forfeiture against Global1Entertainment and Maike on January 14th, 2015.

The reason you’re only finding about it now is up until July 1st, 2016, the case was filed under seal. [Continue reading…]

The revelation that London police have officially launched an investigation into OneCoin has gained widespread media attention.

In an article published a few hours ago in The Mirror, Andrew Penman confirmed

a spokesman for City of London Police confirmed that detectives from its Economic Crime Directorate are investigating suspected fraud linked to OneCoin.

According to their website, the Economic Crime Directorate ‘is recognised as the national policing lead for fraud and is dedicated to preventing and investigating fraud at all levels‘.

Carter-Ruck, a law firm representing OneCoin in the UK told Penman that

neither the FCA nor the City of London Police have contacted our clients.

The scope of services Carter-Ruck provide to OneCoin is unclear. On their website the firm lists Media Law, International Law and Commerical Disputes as practice areas.

In his article, Penman reveals that one service Carter-Ruck provide is the attempted silencing of journalists who report on OneCoin. [Continue reading…]