Over 2014 and 2015 Ominto (Dubli) lost a combined $24.5 million dollars.

In 2016 Ominto’s heavy losses look set to continue, with the company’s recent 10-Q filing revealing a $1.9 million third-quarter loss. [Continue reading…]

Last we checked in the DOJ was negotiating with Sanderley Rodrigues in an attempt to resolve Rodrigues’ visa fraud case without a trial.

As per a Status Report filed yesterday; [Continue reading…]

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

On the “partners” section of the website, Hab Coin name Hab & JPR Privee Group of Companies as a partner.

Multiple corporate addresses for HAB & JPR Privee Group of Companies in England, Israel, the Cayman Islands and Hong Kong are given.

According to the HAB & JPR Privee Group of Companies website, they are

a number of member firms (who have) collaborate(d) together sharing expertise, know how and a network of contacts that include the Government and Banking sectors to achieve the core activity of HAB & JPR Privee Group of Companies which is project financing.

In a South African media report from earlier this year HAB & JPR Privee Group are identified as a “Swiss company”.

The same publication names “Marco Lacchini” as a ‘master partner with the HAB & JPR Privee Group of Companies‘.

Whether Lacchini is involved in Hab Coin directly is unclear.

The Hab Coin website domain was registered on the 17th of February, 2016. “Naiadi Snc Societa/Ditta Naiadi Snc Societa/Ditta” is listed as the owner, with an address in L’Aquila, Italy also provided.

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…]

19 minutes after an SEC agent informed him about an asset-freeze applicable to Zeek Rewards funds, Jaymes Meyer made a phonecall to wire $4.8 million in stolen Ponzi funds out of a Zeek Rewards trust account.

Meyer’s error in judgement cost him his freedom yesterday, with Judge Cogburn handing down Meyer a fifteen month sentence. [Continue reading…]

Right off the bat, TelexBit reveal they are connected to TelexFree:

It was founded in 2016 by a group of entrepreneurs who believed in the project of a renowned marketing company which was founded and directed by James Merrill, which injustice had their operations suspended, even without any irregularities.

Using a similar system, but combining the work the renowned encrypted currency Bitcoin, appears as a giant of Multilevel Marketing with consolidated plan and sales services lead customers save with national and international connections.

TelexBit claim to be registered in Nassau, Bahamas and provide a British Virgin Islands corporate registration number: 1805406.

It’s a safe bet that TelexBit has no physical presence in either the Bahamas or BVI.

Gary R Harrison is identified as the founder of TelexBit, however no further information on this individual is provided. Whether or not Harrison actually exists is unclear.

The TelexBit website domain (“telexbit.com”) was registered on the 3rd of August 2016, however the domain registration is set to private.

Of note is that the TelexBit website is hosted in Brazil and all official documentation from TelexBit is also on Portuguese.

Additionally, the TelexBit affiliate agreement states:

Compliance with the provisions of this GENERAL REGULATIONS for all TELEXBIT (affiliates) is subject to Brazilian law.

All of this strongly suggests that whoever is running TelexBit is based out of Brazil itself.

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…]

Amid a flurry of filings aimed at suppressing evidence collected against him, James Merrill’s criminal trial has been delayed.

Initially slated to kick off on October 3rd, Merrill’s trial is now scheduled for October 24th. According to the case docket, Merrill’s trial is expected to wrap up in late November.

As to Merrill’s suppression motion, Judge Hillman has taken the matter and all matters related to the filing under advisement.

Stay tuned…

Footnote: Our thanks to Don@ASDUpdates for providing a copy of Merrill’s criminal trial case docket.

There is no information on the SendViper website naming who owns or runs the business.

The SendViper website domain (“sendviper.com”) was registered on the 9th of January 2016, however the domain registration is set to private.

As per the SendViper Terms of Use:

If you have any questions or comments about these Terms of Use (the “Agreement”), please contact Monster Clicks LLC d/b/a SendViper, a Wyoming limited liability company

Further research reveals Monster Clicks LLC is headed up by Founder & Chief Visionary Strategist, Michael Smith (right).

The Monster Clicks website describes their SendViper brand as a “passive earnings hub”. Monster Clicks itself is a lead generation company.

SendViper appears to be Smith’s first MLM venture as an executive.

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

As per her duties as court-appointed Receiver of WCM777, Krista Freitag filed her tenth Interim Report on August 19th, 2016.

The tenth Interim Report spans the second quarter of 2016 and provides updates on recovery of funds, PMX Jewel’s flawed diamonds, the settlement with Phil Ming Xu’s family and the investor claims process.

In no particular order, highlights from the Freitag’s report are detailed below. [Continue reading…]

Roscoe Umali first popped up on BehindMLM’s radar in early 2015, as the CEO and President of uBox.

uBox was part of the brief MLM streambox craze. The company marketed devices that accessed copyrighted content uBox didn’t hold the rights to.

In April 2016 Umali was arrested for morgage fraud. The DOJ alleged Umali was the ringleader of a $3.8 million dollar mortgage scam.

Umali plead guilty to the charges and was sentenced on August 18th. [Continue reading…]

BehindMLM first reviewed Mega Holdings (also goes by Mega Holding) back in 2014.

I was recently contacted by a Mega Holdings affiliate and advised that the compensation plan had significantly changed since then.

Today we take a closer look at the Mega Holdings opportunity as currently offered. [Continue reading…]