In late May the TelexFree victim’s claim portal went live.

Since then “approximately 80,000 claims” have been filed by TelexFree victims.

The cutoff for victim claims is currently September 26th, however the Trustee now wants that date extended. [Continue reading…]

Back in late 2014 news broke that Nu Skin was under SEC investigation. At the time CEO Truman Hunt claimed he wasn’t aware of an investigation.

By mid 2015 Nu Skin acknowledged the SEC investigation existed, having purportedly only become aware of it in April.

Before we get into today’s settlement announcement, a recap of what the SEC’s investigation into Nu Skin was all about. [Continue reading…]

If Charles Scoville’s lengthy rants on Facebook are to be believed, Traffic Monsoon was not an investment opportunity.

Affiliates deposited $50 to receive website traffic, with absolutely no expectation they would eventually be paid more than they deposited. This despite Traffic Monsoon advertising a $55 ROI on every $50 deposit.

The picture Scoville paints is that of a united affiliate-base, content to wait and see how the SEC case against Traffic Monsoon plays out.

Inshallah, US securities law will be overturned, Ponzi schemes will be declared legal, the SEC case will be dismissed and Traffic Monsoon can continue to scam people through financial fraud.

Unfortunately two Traffic Monsoon affiliates have come forward to shatter Scoville’s fantasy, with separate lawsuits filed in the last 24 hours seeking over a half million dollars in damages. [Continue reading…]

On July 27th Mirosława Suchonia filed an inquiry with the Polish Ministry of Justice regarding OneCoin.

Suchonia sought comment on whether or not OneCoin was potentially breaching Poland’s banking laws.

On September 13th a response from Łukasz Piebiak, the Minister of Justice, was published on the Sejm (Poland’s lower house of parliament) website. [Continue reading…]

For a two year old company who make all sort of financial claims, there’s a distinct lack of independent media acknowledgement.

When something is published, OneCoin and their affiliates go into meltdown and make sure friends and family watching their Facebook page take note:

The article Ken Labine, a Canadian OneCoin investor,  is referencing was purportedly authored by William Morrow a few days ago on September 14th.

The article, “Here’s What You Need To Know About Cryptocurrency”, blabs on about bitcoin, then altcoins and finally OneCoin. It’s pretty much just a fluff piece with a OneCoin hook on the end.

Two problems with the author though. That’s not William Morrow in the profile photo, it’s a man named Morrow Willis.

According to public records, Morrow Willis died of acute lymphoblastic leukemia in February, 2015. [Continue reading…]

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

The only information provided by Explosive Marketing is a purported shell company registration in Cyprus;

Explosive Marketing is a brand (dba) managed by Rohnewalt Ltd, a Cyprus registered company with registration number HE 253768.

Cyprus is a known tax-haven and, in my experience, when it comes to MLM only a registration choice for only less than reputable companies.

The Explosive Marketing compensation plan suggests whoever is running the company is actually based in Spain.

4 Star ranked Explosive Marketing affiliates receive a “one time reward” that permits them to “meet the management in Spain”.

Another possibility is Norway, with Alexa currently estimating that 60% of all traffic to the Explosive Marketing website originates out of Norway.

The Explosive Marketing website domain (“explosive.marketing”) was registered on the 13th of March 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…]

After being delayed for almost a year, Troy Barnes’ criminal trial was scheduled to kick off this month.

On September 9th Barnes’ attorney filed a Motion to Continue the trial, which was granted on September 19th. [Continue reading…]

After claiming to have spent ‘six years developing, co-founding, and co-leading Nerium’s record breaking global sales which has topped four hundred million dollars ($400,000,000.00) annually‘, in March Dennis Windsor was terminated as company President.

A lawsuit followed in April, through which Windsor is seeking $22 million dollars in damages.

In addition to damages, Windsor is claiming copyright over Nerium’s business operations and ownership royalties.

Nerium claim ‘the alleged oral agreement between Plaintiff and Defendants never
existed’ and that Windsor has ‘vastly overstated his contributions, if any, to‘ Nerium.

Counterclaims filed against Windsor by Nerium allege ‘misuse of Nerium’s confidential information and trade secrets‘. [Continue reading…]

On January 8th Jeunesse filed a lawsuit against former President, Darren Jensen.

In their lawsuit Jeunesse accused Jensen of raiding the company to build LifeVantage, of which Jensen is currently President and CEO.

Back in March Jeunesse’s lawsuit was referred to mediation, with a report on mediation developments held on August 26th. [Continue reading…]

The Build A Biz Online website identifies Ian Stewart as owner of the company.

On his LinkedIn profile, Stewart (right) lists his location as Derby in the UK. This is presumably where Build A Biz Online is being run out of.

Stewart has been a Host Then Profit (GVO) affiliate since 2011. Other MLM opportunities Stewart claims to be involved in on the Build A Biz Online website include The Downliner (recruitment), All In One Profits (cash gifting) and Traffic Wave (recruitment).

Read on for a full review of the Build A Biz Online MLM opportunity. [Continue reading…]