In preparation for James Merrill’s upcoming October 24th trial, the DOJ has filed exhibit and witness lists.

In total the DOJ are looking to enter 618 exhibits into evidence and call up forty-three witnesses. [Continue reading…]

In May of 2015 TelexFree top investor Sann Rodrigues was arrested for visa fraud.

Rodrigues initially plead not guilty, however a Status Report filed back in August strongly suggested a plea agreement was on the table.

As part of a plea agreement filed on September 28th, Sann Rodrigues will now plead guilty to visa fraud. [Continue reading…]

WeShare Crowdfunding was a cash gifting scheme launched in mid 2015.

WeShare Crowdfunding itself was a reboot of the Gold Crowdfunding gifting scheme, both owned and operated by James C. Hill (below right).

By mid 2016 WeShare Crowdfunding had collapsed, leaving the majority of affiliates with loss.

At the time a reboot through another unnamed gifting scheme was announced, with WeShare Crowdfunding executive purportedly offered positions in the new company.

While WeShare Crowdfunding management appeared set with cushy management positions in a new company, affiliates were not so lucky.

The proposed reboot would see their WeShare Crowdfunding balances wiped entirely.

Whether or not any of this actually transpired is unclear. Today the WeShare Crowdfunding website still has the same June 2016 collapse message published.

What we do know is that, seemingly out of the blue, yesterday OneCoin announced they had purchased the WeShare Crowdfunding affiliate-base. [Continue reading…]

OneCoin represent themselves as a billion dollar company.

Earlier this year in March, OneCoin claimed it’s Ponzi points had a market cap of $3.34 billion USD.

Another marketing spiel routinely trotted out is the claim that OneCoin is the fastest company in history to reach one billion dollars in revenue.

A new report from the Bulgarian media outlet Capital suggests otherwise. [Continue reading…]

There is no information on the EzBit2u website indicating who owns or runs the business.

The EzBit2u website domain (“ezbit2u.com”) was registered on the 20th of September 2016.

Manisegaran Karuppiah (right) of “Grassroots Online Biz” is listed as the owner, with an address in Johor, Malaysia also provided.

Prior to launching EzBit2u, Karuppiah was an affiliate with Four Corners Alliance Group, Brain Abundance and FutureNet.

Read on for a full review of the EzBit2u MLM opportunity. [Continue reading…]

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

The CryptoNuke website domain (“cryptonuke.com”) was registered on the 20th of September 2016, however the domain registration is set to private.

The official CryptoNuke Facebook group, linked from the CryptoNuke website, reveals Mollie Woop providing information on the company. This suggests Woop (right) is running things.

Woop’s own Facebook profile reveals she is/was an affiliate with Young Living (essential oils) and It Works! (body sculpting masks). Woop also cites herself as a manager at Harvard Risk Management in Dallas, Texas.

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

Beyond a corporate address in the US state of Wisconsin, there is no information on the Foxx Legacy website indicating who owns or runs the business.

A business presentation hosted on the Foxx Legacy website but otherwise not publicly accessible without a Google search, claims that Foxx Legacy

is an American Legacy, over 111 Years in the making.

The story began in 1901 with four young brothers and their dream!

A dream so powerful that it continues to positively impact the lives of pets and people through science, entrepreneurship & building stronger communities.

In a nutshell the presentation claims four brothers established a ginseng farm in Wisconsin in the early 1900s.

To keep the company in the forefront of the industry and protect the lives of their precious foxes, the brothers opened Fromm Laboratories in 1936.

Fromm Laboratories invested millions of dollars to develop & refine biomedical technologies that propelled the brothers into the international spotlight.

Among these breakthroughs are the Distemper and Encephalitis vaccine as well as the solution for Heartworms which have saved the lives of cats & dogs all over the world.

A more detailed history of the company is available on Fromm Family website.

Foxx Legacy’s business presentation names Stan Pophal and Derrick Busman as partners.

Blaine Williams, Michael Burnett, Rodger Hill and Jon King are named co-founders.

The explicit nature of the relationship between the Fromm Family business and Foxx Legacy is not disclosed.

Stan Pophal’s LinedIn profile credits him as CEO of Fromm Brothers Incorporated. Affiliate marketing also credits him as the owner of Foxx Legacy.

As far as I can tell, Foxx Legacy is Stan Pophal’s first MLM venture.

Blaine Williams stood out to me from the co-founders. In 2012 Williams was CEO of the World Consumer Alliance Ponzi scheme, itself a reboot of the Wealth Creation Alliance Ponzi scheme launched earlier that year.

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

One by one would-be scammers in African countries are learning they can’t beat basic mathematics.

MMM Zimbabwe initially collapsed back in early August. Affiliate withdrawals were suspended and the company strung people along by promising to come up with a solution.

The eventual solution proved to be shortsighted, with withdrawals were set to resume on September 15th.

Quite obviously the money MMM Zimbabwe had “saved” over a few weeks by not paying ROI withdrawals was going to be used till it ran out. Beyond that the company had no plans to address the withdrawal deficit.

Earlier this month MMM Zimbabwe announced they had scrapped their original solution. Instead of honoring withdrawals on a 1:1 basis, MMM Zimbabwe affiliate balances were slashed by 75% and withdrawals reopened.

That worked for a few weeks until, surprise, surprise, funds ran out again. [Continue reading…]

In a warning issued to consumers, the UK’s Financial Conduct Authority has revealed that London police are now investigating OneCoin.

The Financial Conduct Authority (FCA) is a finance regulator in the UK that operates independently of the UK government. [Continue reading…]

There is no information on the CPS Traders website specifically identifying who owns or runs the company.

MMO24hs Group is presented is described as a “financial group” and presented as CPS Traders’ parent company.

Our MMO24hs Group is an online based company with its representatives living in the USA, the UK, Australia, Hong Kong and Japan.

The group was firstly founded by bitcoin miners and traders in the early of 2009.

We have reached over 610 employees of programing (sic), trading, mining and advertising since January of 2016.

The CPS Traders website domain was registered on the 17th of June 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…]