In an email sent out yesterday, Yevo have announced they are closing down.

“A lack of success with Yevo’s network marketing model” is the official reason for the closure. [Continue reading…]

CUF Marketers stands for “Corporate and Unique Field Marketers”. The company operates in the insurance MLM niche and is based out of Lagos, Nigeria.

CUF Marketers launched earlier this year and is headed up by its founder, Samson Adeniran.

This entrepreneur has countless years of direct sales experience, but was dissatisfied with other companies and not enough job opportunities to the common man.

He realized that the only way to find a company that will cater for the common man is to create that company.

Prior to launching CUF Marketers, Adeniran (right) was a Syntek Global affiliate.

Syntek Global primarily paid affiliates to recruit new affiliates. Marketing material from the company suggests Adeniran was a Syntek Global “top earner”.

Why and when Adeniran left Syntek Global is unclear.

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

There is no information on the Red Cloud Mine website indicating who owns or runs the business.

The Red Cloud Mine website domain (“redcloudmine.com”) was registered on June 3rd 2016.

Despite this, Red Cloud Mine claim to have been in business since 2011:

We have been in business since 2011 but officially we started in full pace since 2014.

The Red Cloud Mine website itself appears to be a cheap template clone design, with the same design featuring on other websites:

Of note is the “about us” section of the template design has been left as “John Doe”.

I am John Doe, a senior advisor and administrator for an independent owned cloud mining company called Red Cloud Mine, Inc.

First of all I am a mining expert and I was a mining analyst for 13 years.

The 13 year mining claim it totally bogus, with decentralized cryptocurrencies only surfacing in 2009 (7 years ago).

Photos used to represent businessmen on the Red Cloud Mine website are stock photos belonging to Minerva Studio.

A “corporate address” on the Red Cloud Mine website is actually that of Lundin Mining.

Lundin Mining appears to be a legitimate mining company, with precious metal mining operations around the world. As far as I can tell it doesn’t have anything to do with Red Cloud Mine.

As far as the company itself goes, everything on the Red Cloud Mine website appears to be made up.

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…]

Earlier today OneCoin’s CEO appeared in a YouTube video to promote the scheme’s new €118,000 EUR investment packages.

Less than 24 hours after it was published, YouTube has removed the OneCoin video for violating their policy on ‘spam, deceptive practices and scams‘. [Continue reading…]

Following Tom Alkazin’s response to the preliminary injunction granted against him, the FTC have filed their reply.

In it regulator alleges ‘many of the arguments Alkazin‘ filed in his response are redundant, based on the courts ‘finding that Alkazin participated in both the deceptive income claims and pyramid marketing‘.

The FTC claim the granting of the injunction against Alkazin is evidence enough of this to begin with.

Nevertheless, the regulator’s reply does acknowledge “new legal discussion” raised by Alkazin in his response and seeks to address them. [Continue reading…]

If you thought a €25,000 EUR OneCoin investment package was excessive, I’ve got some bad news for you…

Following up on an email sent out yesterday, Ruja Ignatova has announced via a video a new €118,000 EUR package. [Continue reading…]

Direct Cellars was launched in 2014 and operates in the wine MLM niche.

On their website, Direct Cellars claims to have US ‘offices in Chicago, Fort Lauderdale and Seattle‘.

A corporate address in Florida is provided on the Direct Cellars website. Further research however reveals this address actually belongs to Carr Workplaces, who sell virtual mailing addresses.

Whether Direct Cellars exists in Florida other than in name only is unclear. Ditto Chicago and Seattle.

Direct Cellars is headed up by Founder and CEO, David DiStefano (right).

DiStefano’s MLM history is unclear. Posts on his Facebook page suggest he may have been involved an affiliate in Talk Fusion (2013), Solavei (2012) and Bidify (2012).

Direct Cellars does appear to be DiStefano’s first MLM venture as an executive.

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

There is no information on the 2×2 Destiny website indicating who owns or runs the business.

The 2×2 Destiny website domain (“2x2destiny.com”) was registered on April 12th, 2016. John Dierksmeier (right) is listed as the owner, with an address in the US state of Texas also provided.

Dierksmeier (full name John Dierksmeier Quesada) first popped up on BehindMLM’s radar last year as the owner of 2×2 Wealth, a matrix cycler.

Other MLM opportunities Quesada has launched include Only7Bucks, Cafe Nopal, Eco Plus Network and My Secret Fortune.

My Secret Fortune launched in November of 2015 and collapsed shortly after launch. Its collapse prompted the launch of EZAdsNet a few months ago in April.

EZAdsNet was a two-tier matrix Ponzi cycler. Last month it began to collapse, which now appears to have prompted the launch of 2×2 Destiny.

Read on for a full review of the 2×2 Destiny MLM opportunity. [Continue reading…]

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

The Business Angels website domain (“business-angels-inc.com”) was registered on January 8th 2016. Walter Brown is listed as the owner of the domain, with an address in London, UK also provided.

Further research reveals the address, which also appears on the Business Angels website, actually belongs to Regus.

Regus sell virtual office space (including mailing addresses), suggesting Business Angels exists in the UK in name only.

Walter Brown also likely doesn’t exist, with the actual Business Angels owner instead residing in Russia.

Content on the Business Angels website is presented in both Russian and English. Service numbers provided on the Business Angels websites are also Russian and English.

Alexa currently estimate 37% of all traffic to the Business Angels website originates out of Russia. Neighboring Ukraine is second, providing 7.5%.

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…]

When an MLM Ponzi scheme runs out of money, affiliates stop getting paid.

It’s also when we start to see all manner of wild excuses trotted out. And boy, did BeOnPush’s recent collapse provide us with some whoppers. [Continue reading…]