One of the key points of contention at the upcoming preliminary injunction hearing, is whether Charles Scoville’s pseudo-compliance will hold up in court.

Scoville represents Traffic Monsoon’s Ad Packs were not securities because he never used the word “investment” on the Traffic Monsoon website.

Traffic Monsoon affiliates referenced the opportunity as an investment scheme, however because Scoville himself didn’t, he argues Ad Packs aren’t securities.

Scoville and the SEC have been going back and forth on this point, with the last filing by the SEC on the matter before the trial next week echoing my own thoughts on the matter. [Continue reading…]

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

The BitPays Global website domain (“bitpaysglobal.org”) was registered on the 2nd of August 2016.

The domain registration lists only “Methew” as the owner and Hong Kong as an address. The details provided appear to be completely bogus.

Alexa currently estimate that 92.8% of all traffic to the BitPays Global website originates out of India. This strongly suggests that whoever is running BitPays Global is also based out of India.

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…]

Ad Profitizer was founded back in July and is operated by Nigel Dolgado from Portugal.

On the Ad Profitizer website Dolgado claims he has ‘been very involved in several online advertising programs since the year 2007‘.

I was not able to independently verify Dolgado’s claims. Outside of the information provided on the Ad Profitizer website, Dolgado doesn’t appear to exist.

Alexa currently estimate that Brazil is the largest source of traffic to the Ad Profitizer website (42%), suggesting this might actually be where Ad Profitizer is being run from.

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…]

My 24 Hour Income launched a few months ago. Drew Burton and Faheem Rajput appear on the My 24 Hour Income website, however their specific roles within the company are not disclosed.

Drew Burton is based out of Canada and appears to be a serial MLM underbelly inhabitant.

Prior to launching My 24 Hour Income Burton (right) was promoting Click Delivery (130% HYIP Ponzi scheme), Zukul Ad Network (adcredit Ponzi scheme), My Paying Ads (HYIP Ponzi scheme) and Fort Ad Pays (adcredit Ponzi scheme).

Fort Ad Pays collapsed on or around May 27th, 2016. In a Facebook post dated May 23rd, Burton boasted of having 305,760 investment positions within the company ($305,760).

Despite the collapse Burton continued to recruit new victims into the scheme. In a Facebook post dated June 22nd, Burton boasted of having “maxed out”  his Fort Ad Pays account with 407,647 investment positions.

According to Burton’s backoffice at the time he had stolen $149,105 from Fort Ad Pays victims. How much of that money he was able to withdraw is unclear (Fort Ad Pays suspended withdrawals in early May).

Burton went on to launch My 24 Hour Income a month later in July.

Faheem Rajput is based out of Pakistan and is currently busy promoting ZF Share, a 135% ROI Ponzi scheme he launched around the time Fort Ad Pays collapsed.

Read on for a full review of the My 24 Hour Income MLM opportunity. [Continue reading…]

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

The Evart Network website domain (“evartnetwork.com”) was registered on the 8th of August 2016. “Evart Inc.” is listed as the owner, with an address in Glasgow, UK also provided.

Further research reveals this address actually belongs to Blue Square Offices. On their website Blue Square Offices sell UK-based business addresses for £14.99 a month.

This suggests Evart Network has no physical presence in the UK and exists there in name only.

Other corporate addresses provided on the Evart Network are in Latvija, Bulgaria and Estonia.

Alexa currently estimate  Poland (29.3%), Russia (27.1%) and Azerbaijan (14.9%) are the largest sources of traffic to the Evart Network website.

In all likelihood Evart Network is being operated from one of these three countries.

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 My Cycler website indicating who owns or runs the business.

The My Cycler website domain (“mycycler.com”) was registered on the 30th of September 2016. Emmanouil Sergakis is listed as the owner, with an address in Athens, Greece also provided.

Sergakis (right) first popped up on BehindMLM’s radar earlier this year as the admin of One World Ads.

One World Ads was a $20 a pop matrix-based pyramid scheme.

After initially launching in April One World Ads rebooted in August. Recruitment peaked in September and is now in decline.

The imminent collapse of One World Ads has likely promoted Sergakis to launch My Cycler.

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

The Stable Revshare website identifies Gill Gursevak as the admin of the company.

Gursevak appears to be from India, however a Facebook profile bearing the name “Gill Gursevak” appears to be bogus.

The only content in the profile is related to Stable Revshare and begins in late September. This is symptomatic of a fake profile created solely for promotion.

Interestingly enough, the official Stable Revshare Facebook group was created by a Facebook profile bearing the name “Gill Ryaan”.

The Gill Ryaan profile uses a st was created the same day as the Gill Gursevak profile (22nd September).

The Gill Ryaan profile uses a stolen photo of Nigel Wright of Converge Technology Specialists:

Evidently neither Gill Gursevak or Gill Ryaan actually exist.

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 reported three days ago, TelexFree co-owner and President James Merrill has today formally entered a guilty plea in his criminal case.

As per a plea agreement filed on October 24th, Merrill has plead guilty to eight counts of wire fraud and one count of conspiracy to commit wire fraud. [Continue reading…]

According to the Trivesta website, the company

was founded to help millions of people win back hope for their future.

Trivesta is not only a business; it is a way of life. We are a movement dedicated to positively impacting people’s lives.

Trivesta is based out of Texas in the US and headed up by Founder and CEO, Joseph T. Cherry (right).

As per Cherry’s LinkedIn profile, he’s the CEO and President of Exectras (formerly TransACT).

Exectras is a membership-based discount services company offering fee-free merchant processing, business performance services and a unique menu of employee perks and programs.

Trivesta appears to be Cherry’s first MLM venture.

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

Last month we reported that Sanderley Rodrigues had agreed to enter a guilty plea for visa fraud.

At an October 5th hearing Rodrigues entered a guilty plea, which was accepted by the court. [Continue reading…]