There is no information on The Annelyse Project indicating who owns or runs the business.

The Annelyse Project website domain (“theannelyseproject.com”) was registered on July 7th 2016. Ron Heyer is listed as the owner of the domain, with a residential address in the US state of New York also provided.

The Annelyse Project appears to be Heyer’s first MLM venture.

Read on for a full review of The Annelyse Project MLM opportunity. [Continue reading…]

Citing policy violations, Hanover Insurance Company refused to cover Vemma’s legal fees with respect to the FTC lawsuit filed against them.

In response, Vemma filed for a preliminary injunction that would force Hanover to

reimburse them for their defense expenses to date and, going forward, paying their expenses within ten days of receiving invoices until the applicable policy limits are exhausted.

On July 29th Vemma’s motion was denied. [Continue reading…]

There is no information on the Pays4Ever website indicating who owns or runs the business.

The Pays4Ever website domain (“pays4ever.com”) was registered on the 26th of January 2013. Tom Taylor is listed as the owner, with an address in Cebu, Philippines also provided.

Tom Taylor (right) first popped up on BehindMLM’s radar as the admin of UltimateAdClub back in February of 2015. Taylor then again popped up in March, 2015 as the admin of MegaCyclerClub.

UltimateAdClub saw affiliates purchase $50 matrix positions and get paid to recruit others who did the same. A lack of interest in the scheme saw the matrix positions later reduced to $30.

MegaCyclerClub similarly saw affiliates purchase $50 matrix positions, on the promise of an advertised $650 ROI.

In June, 2o15 Taylor launched Residual Income Ads, which saw affiliates buy in for $10 a month and then get paid to recruit new affiliates.

Residual Income Ads was followed up by Mega 2×7 in July. Mega 2×7 saw affiliates pay $50 for a matrix position and get paid on the recruitment of new affiliates.

A visit to the Mega2x7 website today reveals the domain is parked, suggesting the scheme has long since collapsed.

Read on for a full review of the Pays4Ever MLM opportunity. [Continue reading…]

Traffic Network Club claim to be based out of Louisiana and owned by George Bonck.

On the 13th of July Bonck published the following on Facebook:

Traffic Network Club is launching now, I am the admin and owner. Traffic Network Club,LLC.

George Bonck (right) was promoting the VidCommX pyramid scheme back in 2014 on both Google Plus and YouTube.

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

Ethereum is ‘a public blockchain-based distributed computing platform, featuring smart contract functionality‘ (Wikipedia).

In a nutshell, third-parties can use the Ethereum platform to create applications that use blockchain technology and its Ether cryptocurrency.

Ethereum is currently the second biggest cryptocurrency in the world, with a market cap of $951 million and $11.53 value.

Naturally you’d expect developers behind the Ethereum to know a thing or two about cryptocurrency.

According to one Ethereum developer, “OneCoin is a pure scam”. [Continue reading…]

Witness testimony of Charles Scoville was taken by the SEC on May 17th at their Utah office.

Scoville was not represented by legal counsel. He was given the option to adjourn his testimony if he wished to obtain counsel but did not act on it.

Scoville’s wife Samera Hussain was present, although not permitted to testify as she was officially not a witness.

Prior to the May 17th meeting, Scoville (right) had met with the SEC on April 25th.

Scoville was questioned at this meeting and the SEC recorded it as part of their investigation.

Despite knowing the SEC was investigating Traffic Monsoon for over three months before they shut it down, Scoville never disclosed the investigation to Traffic Monsoon affiliates.

Scoville’s testimony comes in at 190 pages and covers a wide-range of topics pertaining to how he designed, set up and operated Traffic Monsoon.

Below you’ll find points of interest in Scoville’s testimony, which I’ve placed under appropriate headers. Bold represents questions from the SEC, Scoville’s answers have been left unformatted. [Continue reading…]

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

The Profit Venture website domain (“profit-venture.com”) was registered on the 22nd of April 2016, however the domain registration is set to private.

The official Profit Venture Facebook group lists one admin, Mark Sanchez.

The Mark Sanchez profile is likely fake, having only been created on April 10th, just shy of two weeks before the Profit Venture website domain was registered.

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…]

Unetenet initially launched in 2013 and combined pyramid recruitment with “franchise” Ponzi ROIs.

In late 2014 Unetenet advised affiliates of payment difficulties, citing regulatory issues in Latvia.

Over the next nine months the scheme attempted to reboot itself as a cryptocurrency opportunity. Unetenet affiliates invested in Unetes, with one Unete purportedly equal to $1.

In reality, Unetenet introduced Unete to convert its Ponzi liability into virtual Ponzi points that held no value.

When Unetenet affiliates attempted to conver their Unete points into real money, Unetenet collapsed.

20,000 investors filed a class-action lawsuit against Unetenet in mid 2015, alleging that 22,000 victims had lost around €50 million EUR.

A month later Spanish authorities took action and arrested twenty Unetenet insiders. Properties connected to the scheme were raided, with police also seizing Untenet funds and assets.

José Manuel Ramírez Marco, the owner of Untenet, was not named as one of the insiders arrested in Spain.

In January 2016, two more Unetenet arrests were made in Bolivia. One of those apprehended was Adrian Trigo, purportedly second in command of Unetenet.

Despite two separate collapses and numerous arrests, last month Unetenet resurrected itself with a new MLM opportunity. [Continue reading…]

There is no information on the Real Cash Now website advising who owns or runs the business.

The Real Cash Now website is hosted on the “beep.com” domain. Beep is a third-party service merchant that provides free web hosting.

One of the payment processors Real Cash Now accepts is PayPal.

PayPal payment instructions provided on the Real Cash Now website are as follows:

This same email address features on an Empower Network affiliate website belonging to Jose Delgado:

At the time Delgado (right) was marketing Mul4u, which sounds like a typical Ponzi scheme:

you can put in $5 and get back $15.00 …. Put in $10 and get back $30.00 …. Put in $20 and get back $60.00 …. Put in $100 and get back $300.00 !!! …. and on and on and on!!

Today the website domain redirects to Delgado’s Wealth Generators capture page.

A search on Jose Delgado’s email address reveals his involvement in a whole bunch of scams.

Delgado has been at it since at least 2011, when he was promoting the Instant Daily Cash Ponzi scheme.

Read on for a full review o the Real Cash Now MLM opportunity. [Continue reading…]

On July 29th an optimistic Ed Ludbrook announced on Facebook:

Australia is launched! Perth rocked. Melbourne tomorrow, then Sydney, Gold Coast and Cairns!

See – OneLife-OneCoin Australia/New Zealand for booking.

Unfortunately for Ludbrook, his Melbourne event didn’t go quite as planned… [Continue reading…]