On September 18th, 2015, BK Boreyko was slapped with a preliminary injunction.

The injunction, among other things, prohibited Boreyko from ‘assigning, concealing, converting, disbursing, dissipating, encumbering, liquidating, loaning, pledging, selling, spending, transferring, or otherwise alienating any real estate asset(s)’ under his control.

After a series of filings by Boreyko probing the limits of the injunction (AZPack and the “underwater property“), the FTC has finally had enough. [Continue reading…]

The Infinity Profit System domain was registered anonymously on the 10th of October 2015.

On their website, Infinity Profit System disclose they are “headquartered” in Pennsylvania in the US. The company doesn’t however disclose any information about its corporate structure or management.

Rather, Infinity Profit System claim they are run by ‘leaders with a proven track record.‘

Want to know who those leaders are and evaluate their track records yourself? Too bad.

Further research reveals the website “infinityprofitblogs.com”, on which Dale Payne-Sizer (right) identifies himself as Infinity Profit System’s CEO.

Through his marketing company DPS Marketing, Payne-Sizer has marketed a number of schemes.

On his seemingly abandoned YouTube channel, Payne-Sizer was marketing Auto Recruiting Platform a few years back.

Payne-Sizer appears to be a big fan of cash gifting. In 2012 he was linked to the gifting scheme “2010 Blessings”.

That same year Payne-Sizer also published an article titled “Choosing the right cash gifting program”.

The Home Based Business Development has made people excited to change their financial future and is a contributing cause regarding why so many individuals want to join cash gifting.

Generally, people are moving away Network Marketing and MLM programs and are seeking out cash gifting programs and how to join cash gifting.

Cash Gifting is still new to most people seeking out a new business opportunity however, enough people join cash gifting and become successful resulting in more people beginning to witness that cash gifting is for real and it does work.

In 2014 Payne-Sizer was promoting RE247365 (recruitment-based pyramid scheme), Four Corners Alliance Group (matrix-based recruitment scheme) and Tsu (social network revshare).

More recently, mid 2015 saw Payne-Sizer launch 1K All Day, a matrix-based Ponzi cycler.

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

There is no information on the Connect 4 website indicating who owns or runs the business.

The Connect 4 website domain (“connect4.cash”) was registered on the 31st of December 2015, with Dana Owens of Global Alliance Network Group listed as the owner. A residential address in the US state of Virginia is also provided.

Perusal of Owens’ Facebook profile reveals an MLM marketer intimately familiar with matrix-based recruitment schemes:

17th January, 2016 – I am so bored I am literally sitting here crunching numbers.

So, here is what I am thinking. If i join a matrix program that is let’s say a 3×5 matrix. They say it will take 243 people to make $43,100 all starting from $5.

So that means that if I invite 12 people per week that would give me $43,100 in 20.5 weeks.

I am up for that challenge!  That will be right on time for me to purchase a home this summer.

BAM!! 2016 is my year.

 

13th January, 2016 – I am looking for 3 people to join me today. The cost to join is just $5. You will get $100 back off of your investment. Inbox me for more details.

Global Alliance Network Group seems to be a downline builder. The team has a closed Facebook group of its own, with seven listed admins.

Posts on Owens’ Facebook profile suggest multiple shady opportunities are pushed through Global Alliance Network Group:

14th January, 2015 –We’re about to BREAK THE INTERNET! See what we have brewing! 4 Highly Successful Programs…

Recent specific opportunities advertised on Owens’ Facebook profile include MySecretFortune ($5 matrix Ponzi cycler), Only7Bucks ($7 matrix Ponzi cycler), Infinity Profit System (pass-up recruitment scheme) and 1 Million Fast (cash gifting).

The slowdown and/or collapse of most of these schemes would appear to have prompted Owens’ launch of Connect 4.

Read on for a full review of the Connect 4 MLM business opportunity. [Continue reading…]

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

The SharesRev website domain (“sharesrev.com”) was registered on the 20th of April 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…]

As part of the need to constantly source new investment funds from untapped markets, OneCoin held a recruitment rally in London on February 7th.

On OneCoin’s official Facebook page, here’s how the company pitched the event:

Today is a big day for London. Get excited and come to see Dr. Ruja Ignatova present on the Future of Payments.

One attendee was The Mirror’s Simon Keegan who, after sitting through OneCoin’s marketing shindig, wasn’t feeling the excitement.

The rally was billed as the first UK national event for OneCoin and attracted a whooping crowd of 1,000.

The audience at a recruiting rally last Saturday at a London hotel was told that it is also a way to get very rich.

“The earlier you join, the more you make,” gushed one speaker.

Rather than buy into the hype and impossible promises, Keegan saw OneCoin for what it is: a “worthless get rich quick scheme”. [Continue reading…]

When TelexFree sought to circumvent regulators by filing for bankruptcy, no doubt James Merrill and Carlos Wanzeler thought the move was genius.

Run up a three billion dollar Ponzi scheme and then, when the money runs out, use the bankruptcy courts to wipe the slate clean.

Well, sort of. Turns out filing for bankruptcy has come back to bite James Merrill in the ass. [Continue reading…]

Bob Roberts was the public face of the group of scammers behind the BancdeOptions and Options Rider Ponzi schemes.

Purportedly operating out of China with a low-key US presence (top US investors were given speaking positions within the company), Roberts’ contact with Options Rider affiliates was typically over the phone.

Options Rider held no affiliate events, nor did Roberts ever appear in any recorded video footage (to the best of my knowledge).

A combination of running out of funds to pay off investors and regulatory actions saw Options Rider well on its way to collapse late last year.

Now, in an effort to revive the scheme, Bob Roberts has been killed off, investors are being “encouraged” not to withdraw and promises of riches are being made. [Continue reading…]

Our last update on the Samoan uFun Club criminal trial left things up in the air.

Ponzi scammers Nicolas Giannos and Rosita Stanfield initially failed to appear at their February 2nd sentencing hearing.

An arrest warrant was issued but then later recalled, as the pair put in an appearance later that day.

Turns out after filing an eleventh-hour appeal, their lawyer instructed them not to appear in court, despite the scheduled sentencing hearing.

All said and done, the hearing was postponed till February 9th and took place yesterday. [Continue reading…]

There is no information on The Sum Opportunity website indicating who owns or runs the business.

The Sum Opportunity website domain (“thesumopp.com”) was registered on the 19th of November 2015, with “ML Andrews” listed as the owner. A PO Box address in the US state of Texas is also provided.

Further research reveals the entity “The On Your Side LLC” using the same address, with the domain registration for The On Your Side LLC website listing “Melody White” as the owner. The business On Your Side Technologies also uses the same address.

Whether ML Andrews and Melody White are the same person is unclear.

On Your Side LLC and On Your Side Technologies offer website and software development services, which aligns with The Sum Opportunity’s website footer message:

Designed by On Your Side Technologies | Powered by On Your Side Technologies

I wasn’t able to ascertain whether this is ML Andrews’ first MLM venture.

Read on for a full review of The Sum Opportunity MLM business. [Continue reading…]

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

The CoinSpace website domain (“coinspace.eu”) was registered on March 11th 2015, with “Danjel Pawl” of CoinSpace LTD listed as the owner. An address in Malta is also provided.

A different address in Malta is given on the CoinSpace website, with no offered explanation.

Pawl’s name meanwhile is connected to CoinSpace only via the company’s website domain registration. Who he is or what relationship he has with CoinSpace is unknown.

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…]