When MoneyBox TV launched late last year, it’s business model was undoubtedly a Ponzi mess.

MoneyBox TV affiliates were investing up to €8148 EUR on the promise monthly ROIs of up to €1070 EUR, which advertising revenue was obviously not covering.

Two weeks after BehindMLM published our MoneyBoxTV review,  the company threatened legal action.

We found an article on your site that describes in untruthful way the company Moneyboxtv and the CEO.

With this we hope to not have to resort to legal action for defamation against you and would like you rectify the many statements do not correspond to the truth.

I responded by breaking down the research published in our review. A week or so later MoneyBox TV again denied they were running a Ponzi scheme.

The Moneyboxtv system don’t give a passive income: the ROI that you speak about is totally untrue and not present in our compensation plan.

We regularly sell decoders that can generate earnings variable depending on use.

In also that you wrote on Mr. Di Sabato is not the truth, for so before moving on to a lawsuit for defamation international, we ask you to change or remove the article about Moneyboxtv and Mr. Di Sabato on your website, within 7 days from today.

The above was sent via email on October 1st, 2015. The same day I sent the following reply with an attached image, taken directly from MoneyBox TV’s compensation plan at the time:

Please do not waste my time with your lies. See attached.

Just because you hide your Ponzi ROIs in your official compensation plan does not mean they’re not there.

In the above image, the second last column from the right shows the ROIs MoneyBox TV affiliates were being paid (invested amount is second column from the left).

MoneyBox TV didn’t respond to my email.

Nine months later, on July 6th 2016, MoneyBox TV CEO Simone di Sabato sent me an email;

I am writing in order to ask you to delete the negative article you published a year ago about my company Moneyboxtv and about myself.

I would like to inform you that meanwhile my company grew and it has already opened franchising shops in Italy.

The Set Top Box price is 249,00 euros and each user is able to buy 10 set top boxes maximum.

Considering all these important implementations, I am asking you the immediate removal of the article.  If you want to write a new article about Moneyboxtv I will be glad to supply any information required.

I replied that I don’t remove reviews, as they are date-stamped and accurate at the time they were published. I did however request a copy of MoneyBox TV’s current compensation plan in English.

Di Sabato didn’t respond to my email personally, but I did receive a copy of the compensation plan yesterday from “Team Moneyboxtv”.

Today we revisit MoneyBox TV and review whether or not the MLM opportunity has actually changed. [Continue reading…]

Wow Digital Development (Wow Digit) operate in the MLM cryptocurrency niche and are purportedly based out of Hong Kong.

The company claims on its website (“wowdigit.com”) to be a subsidiary of Gideon Holding Inc. Third-party verifiable information on Gideon Holding Inc. (not to be confused with Gideon Holdings Inc.), appears to be non-existent.

Hu Chuan Chen (right) is cited as Founder, CEO and Chairman of Gideon Holding Inc. This presumably places him also in charge of Wow Digit.

On the Wow Digit website, Chen is also credited as ‘Director of World Mobile International and Miktam Technologies (USA)‘.

As far as I can tell, Chen doesn’t appear to have an MLM history.

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

The PipCoin website identifies David Schwartz and Red Wayne as founders of the company.

The inception of the idea can be credited to David Schwartz and the inception of the algorithm and mathematics behind to Ref Wayne, a 21 year old South African

Ref Wayne Nkele appears to be the face of the company, I couldn’t find any information on David Schwartz.

Wayne (right) seems to have made a name for himself as a forex trader through “The Forex Institute”.

Honestly speaking- I am the ONLY trader in South Africa who has all the material things that traders claim to have.

Countless houses and cars. I generate millions every month.

Teaching you for free is just what I’ll be doing for fun really… I’ll teach you REAL things not this nonsense that is being taught to people at high cost.

Today The Forex Institute website is offline and the domain parked. Not sure what the story is there.

On their official Facebook page, PipCoin describe themselves as a ‘bank/financial institution (in) Johannesburg, South Africa‘.

South Africa appears to be the primary source of traffic to the PipCoin website, with Alexa estimating it accounts for 90.5% of all traffic.

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

Despite only informing the Department of Justice that he ‘may assert a reliance defense‘ and failing to name ‘specific individuals upon whose advice (he) relied (on)‘, Paul Burks’ attorneys presented slides during their opening statement that suggests he may attempt to pass the buck.

Through a July 12th filing, the DOJ have pre-emptively objected to the possibility of Burks’ raising a reliance defense. [Continue reading…]

Last week we explored the possibility that Roman Balanko had lied to the Zeek Rewards Receiver.

Officially, Roman Balanko is the CEO of PaymentWorld USA. Balanko and PaymentWorld USA are arguing they have no control over Zeek funds deposited in a VictoriaBank account in Moldova, which was in the name of PaymentWorld Hong Kong.

An agent agreement cited and published by BehindMLM however revealed Roman Balanko is the President of PaymentWorld Hong Kong.

As it stands, Balanko is scheduled to be deposed by the Zeek Receiver on July 22nd. PaymentWorld now want that deposition postponed. [Continue reading…]

Turkey’s Customs and Trade Minister has declared Kairos Technologies to be a pyramid scheme.

The announcement was made after over six thousand complaints were filed with the Ministry, with Kairos Technologies now the subject of an official investigation. [Continue reading…]

Last April the Malaysian Ministry of Tourism and Culture declared WorldVentures was operating illegally in the country.

This was based on the fact that, at the time, ‘the Ministry of Tourism and Culture (had not) issue(d) a license to WorldVentures‘.

WorldVentures still doesn’t have a license, but has instead convinced the Domestic Trade Cooperation and Consumerism Minister they don’t need one.

Why?

WorldVentures’ business model itself has nothing to do with travel. [Continue reading…]

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

The FusionRev website domain was registered on the 18th of May 2016, however the domain registration is set to private.

The official FusionRev Facebook group has one admin, Chahal Nicks (right).

On his own Facebook profile, Nicks lists his location as Dublin, Ireland. This is presumably where FusionRev is being operated from.

Of note is that in emails to FusionRev affiliates, Chahal Nicks reverses his name to Nick Chahal.

As far as I can tell Chahal doesn’t have an MLM history.

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

CrowdfundFast launched in June 2016 and identify Lynette Artin (full name: Shirley Lynette Artin Crawford) as CEO of the company.

CrowdfundFast appear to be based out of Michigan in the US, with the company providing the following payment details on their website:

You May Send a Cheque Made Payable To: Shirley Lynette Crawford.

Mail your payment to:
PO Box XXX
Maple Rapids, MI 48853

These same details appear in the CrowdFundFast domain registration (registered May 25th, 2016).

Lynette Artin (right) first popped up on BehindMLM’s radar as the suspected owner of Quick Pay Group in 2014.

Quick Pay Group was an MLM penny auction that solicited $495 investments on the promise of a 100 day ROI, paid out of newly invested funds.

Artin’s name has been attached to GoFunRewards, OfferHubb and Uptown Offers (see comment #4 on the linked review).

All three of these companies were proposed “revenue-sharing” Ponzi schemes, with only GoFunRewards actually officially launching (and then promptly shutting down due to fears of regulatory action shortly after launch).

Today Artin is operating Qkadoo and its attached penny auction, QkaBids. CrowdFundFast has been launched under the Qkadoo brand.

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

On July 7th the USFIA Receiver filed his third report and recommendations.

Spanning the first quarter of 2016, the Receiver’s report covers the scope of USFIA’s business operations, the legitimacy of USFIA, seized real-estate, Steve Chen’s lawyer funds, USFIA investor funds spent on Chen’s family and a Mercedes S550 belonging to Chen. [Continue reading…]