RevCoin Review: Ponzi investment & unrelated RVC cryptocurrency
There is no information on the RevCoin website indicating who owns or runs the business.
A UK Companies House registration is provided on the RevCoin website, citing an incorporation date for RevCoin Limited on June 22nd, 2016.
The address provided on the corresponding private limited company registration in a residential area in Hertfordshire, England.
Carlo Trabattoni is listed as the sole “Marketing Manager” on the registration. Social media accounts bearing Carlo Trabattoni’s name were only created in the past few weeks, suggesting Trabattoni doesn’t 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…]
One80 v2.0 Review: Dan Putnam launches an adcredit Ponzi scheme
One80 began life as a spinoff from EPX180, a weight-loss MLM opportunity launched by Dan Putnam in late 2011.
Whereas EPX Body was a legitimate MLM opportunity with a retailable product, One80 marked Putnam’s transition towards online marketing tools.
One80 flopped and a year later was followed up by Let Us Close, a short-lived recruitment scheme tied to an “advanced marketing system”.
A few months after launch Let Us Close was hitched to The Elite Networker, another monthly-fee based recruitment scheme.
The Elite Networker also flopped and was abandoned shortly after launch.
Now Putnam (above right) has resurrected the One80 website domain, with what appears to be an adcredit Ponzi scheme. [Continue reading…]
Goodlife USA Review: Spend $918 a year to save on travel?
Goodlife USA operate in the travel MLM niche and are based out of Florida in the US.
Mark Seyforth and Edward Dovner are credited as founders of the company on the Goodlife USA website, serving as CEO and “Partner” respectively.
Mark Seyforth started off in MLM back in 1975 with ‘Seyforth Laboratories’ who marketed a diet shake.
In 1980 Seyforth (right) aligned with Herbalife. He designed their compensation plan and manufactured the company’s product line through ‘Seyforth Manufacturing’.
One24 was an autoship recruitment opportunity that experimented with a queue based system to sign up new affiliates through.
In 2013, with One24 still operating, Seyforth launched Day 1.
From our BehindMLM review of Day 1;
Typically in MLM we see compensation plans built around products. With Day 1, after analysing the company it very much feels as if they’ve created a compensation plan around whatever products they were able to cobble together.
Like One24, retail sales were an afterthought in Day 1. Instead the focus was on recruiting affiliates and getting paid when they purchased products.
Today neither One24 or Day 1 are in business.
Edward Dovner’s MLM history is less clear. According to Dovner’s Goodlife USA corporate bio he’s a “Founder, Inventor and CEO”.
Ed Dovner started cultivating his entrepreneurial spirit at the tender age of 21 when he became an acclaimed sales agent at Metropolitan Life Insurance Company.
He then successfully created a niche market company within gourmet coffee industry and sold his business for a substantial profit.
In 1993, Ed launched First Choice Armor & Equipment and grew the company to over $90 million in sales. Again Ed sold the company for a substantial profit in 2010.
To what extent any of that pertains to MLM is unclear.
Of note is Dovner and his company First Choice Armor & Equipment were sued by the Department of Justice in 2009.
The United States has filed a False Claims Act lawsuit against First Choice Armor & Equipment Inc. and its founder, Edward Dovner, for submitting false claims for bullet-proof vests purchased by the United States for federal, state, local and tribal law enforcement agencies.
First Choice, which manufactured and sold bullet-proof vests containing Zylon fiber from 2000- 2005, marketed its vests to law enforcement agencies as a thinner and more lightweight alternative to other bullet-proof vests.
The United States alleges that at the same time First Choice was selling its Zylon bullet-proof vests, the company and its founder knew of significant manufacturing and degradation problems in the Zylon fiber that rendered the material unsafe for ballistic use.
In fact, when the Justice Department’s National Institute of Justice tested eight of First Choice’s bullet-proof vests in 2005, all failed.
The United States has also sued Mr. Dovner and Karen Herman, Mr. Dovner’s wife and First Choice’s president, for a fraudulent conveyance – a transfer of property that is made to swindle, hinder or delay a creditor, or to put such property beyond his or her reach – in violation of the Federal Debt Collection Procedures Act.
The government alleges that after learning of the investigation into Zylon bullet-proof vests, Mr. Dovner and Ms. Herman removed more than $5 million from First Choice. Mr. Dovner then purchased a Ferrari, a Maserati and a private jet through various shell companies.
As per his Goodlife USA corporate bio, a year later Dovner sold First Choice for a “substantial profit”.
Read on for a full review of the Goodlife USA MLM opportunity. [Continue reading…]
Zhunrize Receiver gearing up to return $44 million to victims
Following several extensions, the cutoff date for Zhunrize victims to file claims expired on April 16th, 2016.
In total 19,905 victim claims were filed for $93.1 million dollars in losses. [Continue reading…]
Receiver issues bank subpoenas against Scoville & family
As Traffic Monsoon affiliates prepare to gather at on a beach in the UK later this month to protest loudly into the ocean, in the US the civil case against Charles Scoville and Traffic Monsoon continues.
The latest sees the court-appointed Receiver file two subpoenas suspected of providing financial services to Scoville, his various business ventures and his family. [Continue reading…]
My Life Review: Legacy business model that doesn’t quite work
My Life launched in 2013 and are based out of Florida in the US.
Heading up My Life is Founder and CEO, Andre Maronian.
Maronian made a name for himself in the MLM industry as an affiliate of ACN. In 2007 Maronian left ACN to join 5 Linx.
Maronian left 5 Linx in 2011 and joined Invado, an MLM company that operated in the e-commerce, energy and travel MLM niches.
In a 2011 marketing video pitching Invado, Maronian (right) stated:
We have an unconditional relationship with Invado. We know where this company is going five or ten years from now.
There is no questioning in our mind where we’re gunna be.
By early 2013 Invado had collapsed, with Maronian going to launch My Life later in the year.
Read on for a full review of the My Life MLM opportunity. [Continue reading…]
Digital Altitude Review: Marketing courses + events resurrected
Digital Altitude provide a corporate address in Delaware on their website, however according to Founder Michael Force’s Digital Altitude corporate bio;
Michael resides in California with his wife and two young daughters. They love to travel and spend summers in France.
Further research reveals the Delaware address actually belongs to Harvard Business Services Inc., who provide incorporation services in Delaware.
Thus it appears Digital Altitude exist in Delaware in name only, with the business actually run out of California.
Michael Force (right) first popped up BehindMLM’s radar as an affiliate of Wealth Masters International and Carbon Copy Pro.
In late 2010 or early 2011 it appears Force left or was terminated from Wealth Masters International, over his decision to promote Automatic Millionaire.
In 2013 Wealth Masters International filed a lawsuit against Force and others, claiming the former affiliates “gutted” the business.
He has trained tens of thousands online and has been a 7-figure producer in top tier high ticket sales over the last 15 years and has consulted many of the leading companies in the high ticket arena.
In addition to his MLM history, Force is also heavily involved in non-MLM online marketing.
Read on for a full review of the Digital Altitude MLM opportunity. [Continue reading…]
Balanko deposition back on for August 16th (Zeek Rewards)
In what might have been an attempt to avoid answering prickly questions about the whereabouts of $13.1 million dollars of stolen Ponzi funds, last month PaymentWorld sought to delay the deposition of CEO Roman Balanko.
Balanko appears to be at the heart of the missing funds, with his deposition expected to reveal crucial information that will aid the Receiver in its recovery. [Continue reading…]
MX Revshare Review: Three-tier adcredit Ponzi scheme
The MX Revshare website identifies James Lee Valentine as Founder of the company.
Valentine also owns the MX Revshare website domain, which was registered on the 25th of September, 2015.
The MX Revshare domain registration provides an address in Tortola in the British Virgin Islands, however Valentine himself is based out of the Philippines.
James Lee Valentine (right) first popped up on BehindMLM’s radar in 2012 with Supreme Wealth Alliance, a $55 chain-recruitment pyramid scheme.
In 2013 Valentine resurfaced with MX Fast Money, a feeder for Valentine’s primary MillionaireX Ponzi cycler.
MX Revshare appears to be the latest entry in Valentine’s long line of launched scams.
Read on for a full review of the MX Revshare MLM opportunity. [Continue reading…]
New Income 4 Life Review: Seven-tier Matrix gifting cycler
There is no information on the New Income 4 Life website indicating who owns or runs the business.
The New Income 4 Life website domain (“newincome4life.com”) was registered on the 29th of December 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…]