World Ventures lose case against Norwegian Ministry of Culture
Back in February 2014, the Norwegian Gaming Board ruled World Ventures was an illegal pyramid scheme.
World Ventures filed an appeal, which they lost later that year in November.
Within a month World Ventures ceased operating in Norway. Some Norwegian-based affiliates however continue to market World Ventures internationally.
The next move by World Ventures saw the company file for an injunction against the Norwegian Gaming Board, which was denied in early 2015.
In June 2015 a World Ventures affiliate claimed the company was going to sue the Norwegian government.
In February of this year news broke that World Ventures was suing the Norwegian Ministry of Culture.
A decision on the lawsuit was reached a few days ago…
Zeek Receiver: OFAC deficient claims will be purged after Dec 31st
If you’re a Zeek Rewards victim and have yet to file OFAC certification, you might want to get a move on.
In an update published on October 5th, the Zeek Receiver has advised claims without an attached OFAC certification and release will be purged after December 31st. [Continue reading…]
Crowd Earner Review: Token-based cash gifting
There is no information on the Crowd Earner website indicating who owns or runs the business.
The Crowd Earner website domain (“crowdearner.net”) was registered on the 21st of September 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…]
Bitcoin 4 Passive Review: Five-tier bitcoin cash gifting
There is no information on the Bitcoin 4 Passive website indicating who owns or runs the business.
The Bitcoin 4 Passive website domain (“bitcoin4passive.com”) was registered on the 25th of September 2016, however the domain registration is set to private.
Alexa currently estimate Malaysia and India as the two largest sources of traffic to the Bitcoin 4 Passive website. This strongly suggests Bitcoin 4 Passive is being run out of one of these countries.
The official Bitcoin 4 Passive Facebook group is adminned by an account bearing the name “Rayford Nicholas”.
The Rayford Nicholas Facebook account was set up earlier this year and appears to be bogus.
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…]
Merrill trial continuance granted but only for 2 weeks
A few days ago James Merrill filed a motion for continuance, requesting his upcoming criminal trial be postponed till November 14th.
The DOJ opposed the motion, citing preparation issues and weakness with Merrill’s reasoning.
A hearing on the matter was held earlier today. [Continue reading…]
OneCoin lose Italian bank account, open one up in Hong Kong
OneCoin’s banking rollercoaster woes continue, with the latest seeing the scheme open up a new account with China Construction Bank (Asia) Corporation Limited. [Continue reading…]
Profit Alliance Club Review: Ten-tier cryptocurrency mining Ponzi
The Profit Alliance Club website identifies Diego Noriega (full name Diego King Noriega) as the founder of the company.
According to Noriega’s Facebook profile, he is based out of California in the US. It is assumed this is also where Profit Alliance Club is being operated from.
Noriega’s Facebook profile recently marketed a group he refers to as “the true revshare community”.
A “revshare” in the MLM underbelly refers to Ponzi schemes, in which revenue invested by new affiliates is “shared” with existing affiliates.
Specific opportunities market by Noriega (right) include ZarFund (cash gifting), Lara With Me (Ponzi scheme), Digital Altitude (chain-recruitment) and Giftobit (cash gifting).
On the 27th of September Noriega confirmed on Facebook that Profit Alliance Club is his first “owned income opportunity program”.
Read on for a full review of the Profit Alliance Club MLM opportunity. [Continue reading…]
Thai MLM hip hop song draws protest, gets renamed
On September 30th Thai hip hop trio Natee “Oui” Eakwichit released an MLM diss track.
Titled “Puan Hai Pror Kai Trong”, which translates to “Losing Friends Because Of Direct Sales”,
the song’s sarcastic lyrics talk about a jobless man who was suggested by friends to work as a network marketer if he wanted to get rich quickly and retire before 30 years old.
But the man later found all his friends distanced themselves from him as they apparently did not want to listen to his sales pitch or get involved with the network marketing business.
The man finally quit his job.
Sound familiar? [Continue reading…]
Matrix Million Review: Five-tier matrix cycler Ponzi
There is no information on the Matrix Million website indicating who owns or runs the business.
The Matrix Million website domain (“matrixmillion.com”) was registered on September 15th 2016, however the domain registration is set to private.
Alexa currently estimate that India is the largest source of traffic to the Matrix Million website (36.8%). This suggests that whoever is running the company is also likely 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…]
DOJ oppose Merrill’s proposed November trial delay
Two days ago James Merrill filed a motion requesting his upcoming criminal trial be postponed till November 14th.
The original trial date (which has been rescheduled at least twice at Merrill’s request already), was October 23rd.
Today the DOJ filed an opposition to Merrill’s motion, citing a number of legally compelling reasons. [Continue reading…]
