Amazing5 claim to be an “international wealth management company”, but on their website offer up no specifics as to who owns or runs the business.

The Amazing5 website domain (“amazing5.net”) was registered on the 29th of August 2015, however the domain registration is set to private.

As per the FAQ section of the Amazing5 website;

Amazing5 Limited is a fully registered investment company based in the United Kingdom.

The Corporate Headquarters of Amazing5 Limited is located here: 8-9 Talbot CT, London, United Kingdom, EC3V 0BP.

A Google search on the provided address reveals multiple business operating out of it, strongly suggesting it’s rented virtual office space. A UK company registration meanwhile costs about £20 GBP.

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 Passive Profit Magnet website domain indicating who owns or runs the business.

The Passive Profit Magnet website domain (“passiveprofitmagnet.com”) was registered on the 27th of November 2015, however the domain registration is currently set to private.

Up until recently, the Passive Profit Magnet domain was registered to “Kent Rainer Buenaventura” of “Revshare Income”. An address in Quezon City, Philippines was also provided.

The address Buenaventura used to register the Passive Profit Magnet domain matches the address provided on the Passive Profit Magnet Facebook page.

According to Buenaventura’s own Facebook profile, he is currently employed as a delivery driver.

Read on for a full review of the Passive Profit Magnet MLM business opportunity. [Continue reading…]

The ongoing battle between the Zeek Rewards Receiver and Payza looks set to heat up, with the filing of a contempt motion on February 12th.

The motion requests the court order Payza, Payment World and VictoriaBank turn over stolen Ponzi funds, or in the alternative they be found in contempt. [Continue reading…]

In the lead up to a status conference scheduled for February 23rd, a Joint Interim Status Report has been filed by Daniel Filho and the DOJ.

In the report, the following points are clarified:

• discovery between the DOJ and Filho are complete
• Filho ‘does not intend to pursue defenses of insanity, public authority, or
  alibi’
• a pre-trial resolution is still on the table, with discussions between Filho and the DOJ continuing
• should the case go to trial, the DOJ estimate the ‘matter will take approximately two weeks‘
• Filho is going to request additional time on the 23rd to ‘review the discovery produced‘

We’ll have more for you following the February 23rd status conference hearing.

Footnote: Our thanks to Don@ASDUpdates for providing a copy of the Joint Interim Status Report, filed February 16th, 2016.

Update 27th February 2016 – At the February 23rd status conference, Daniel Filho requested an extension ‘to review (provided) discovery and if necessary, to have experts review discovery‘.

The extension extends to the next status conference, currently scheduled for March 31st.

Update 8th April 2016 – As per a Joint Interim Status Report filed on March 28th;

The United States made the remaining electronic material seized pursuant to the warrants in this matter available for inspection and further offered to provide copies of the material to the defense upon provision by the defense of a computer drive with adequate storage capacity.

Defense counsel has now requested a copy of that material and has agreed to provide the government with an adequate storage device.

Once the government receives that device and the FBI has made the requested copy, the government will promptly provide the copy to the defense.

At a hearing held on March 31st, it was ordered that the storage device will be provided to the DOJ by April 4th. Another status report is due for publication by May 5th and the next hearing has been scheduled for May 12th.

With well over a thousand MLM reviews published to date, for the most part the MLM companies I’ve reviewed have played fair.

Every now and then we run into a bad apple though, with today’s bad apple being Le-Vel.

BehindMLM reviewed Le-Vel over two years ago in December of 2013. I haven’t looked into the company since then, but it appears to be doing well.

As we do with all our reviews, a small (150×125) representation of Le-Vel’s logo was published with our article.

Not because it needed it, but out of aesthetic tradition. Typically when a publication reviews something, a visual of some sort is used to represent what is being reviewed. [Continue reading…]

There is no information on the Synergy Wealth System website indicating who owns or runs the business.

The Synergy Wealth System website domain (“synergywealthsystem.com”) was registered on the 17th of October 2015, 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…]

Incarcerated for contempt, Sann Rodrigues has spent the past twenty-seven days as an inmate at Pinellas County Jail.

Entirely his own doing, nonetheless Rodrigues appears to be desperate to get out.

How desperate?

The latest filing by Rodrigues suggests the former Ferrari owner is entertaining working at a trucking company. [Continue reading…]

As scheduled, Nicolas Giannos and Rosita Stanfield’s sentencing hearing took place last Friday.

The duo were found guilty of recruiting victims into the uFun Club Ponzi scheme in late December.

Giannos’ initial sentence was four years, with Rosita Stanfield’s sentence coming in at three. Citing “good character” and Giannos’ foreign-national status in Samoa, Chief Justice Patu reduced Giannos sentence to three years.

Stanfield was also treated as a foreign-national, ‘as she spent all her life living overseas’. Along with “good character”, her sentenced was reduced down from three years to twelve months. [Continue reading…]

There is no information on the My FX Empire website indicating who owns or runs the business.

The My FX Empire website domain (“myfxempire.com”) was registered on the 21st of August 2015, 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…]

Despite vehement objection from former TelexFree affiliate Daniil Shoyfer, a preliminary injunction was granted against him on February 12th.

Scott Miller was also named in the injunction however, until Shoyfer, he offered up no opposition. [Continue reading…]