TPP Success (also known as Hulian International and TPP Global) provide no information on their website indicating who owns or runs the business.

The TPP Success website extols “the secret of the Chinese millionaires”. Beyond that, it is little more than an email capture page.

The TPP Success website domain (“tppsuccess.com”) was registered on the 20th of May 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…]

DexCar was a matrix cycler scheme launched in 2014.

You’re forgiven if you’ve never heard of it, I hadn’t either. Promotion for DexCar in English is non-existent.

Through a series of six 2×3 matrices, each requiring fourteen positions to be filled, DexCar affiliates recruited their way towards use of a car.

Each matrix position cost €390 EUR, with cars available starting with economical hatchbacks to Maserati and Porsche models after the sixth matrix tier.

DexCar affiliates also received cash bonuses (ROIs) when they cycled out of the six matrix cycler tiers.

As I understand it, DexCar provided the cars for use along with insurance, maintenance and tire changes. Everything else is paid by the qualifying affiliate.

The problem?

After two years and more than €10 million EUR spent, only 84 out of 23,000 DexCar affiliates received a car to drive.

Following an investigation, a fortnight ago Italian authorities moved in and shut the scheme down. [Continue reading…]

Lucrazon Global was a Ponzi scheme launched in late 2013.

By late 2014 the scheme had begun to collapse, leaving most investors out of pocket.

One of those investors was Josef Kofman, a seventy-one year old resident of California.

Over the course of three years, Kofman invested over $1.3 million dollars into Lucrazon Global and other ventures operated by owner Alexy Pitt.

Despite “revenue-sharing” promises made by Lucrazon, Kofman has nothing to show for his investment.

In a few short years he has lost everything and is facing creditor collections, is about to be homeless, and owes the IRS substantial sums.

In addition, instead of being able to retire, Mr. Kofman has had to continue working even though he is in his 70s.

He owes more than $100,000 on credit cards with no ability to repay.

Under California’s “elder financial abuse” law, Kofman is now suing Pitt and Lucrazon Global. [Continue reading…]

Paul Burks’ criminal trial is a go for July 5th.

As per judicial procedure, the DOJ has filed a 49 page trial brief. The brief lays out the DOJ’s gameplan for court.

In the brief the DOJ provide ‘a summary of some of the points that the Government anticipates are
likely to arise at trial‘, pretty much spanning everything they want to nail Burks for.

The entire brief is too much to cover in lengthy detail so I’ve put together excerpts that highlights the important bits.

I’ve previously gone over every angle of Zeek Rewards’ Ponzi fraud. That was a few years ago though, with the DOJ’s trial brief serving as a convenient and timely refresher. [Continue reading…]

Two of Paul Burks’ recent filings saw him request a tax fraud indictment count be dismissed and evidentiary hearing pertaining to privileged communications.

A decision on both Burks’ motions has been reached. [Continue reading…]

The next chapter in the TelexFree Trustee, PaymentWorld, Payza and VictoriaBank saga is an opposition filing by PaymentWorld.

As far as the TelexFree Trustee is concerned, PaymentWorld US, PaymentWorld Limited and PaymentWorld LTD SRL are all the same entity.

PaymentWorld US and PaymentWorld Moldova have the same management and oversight personnel.

PaymentWorld US however are claiming they have nothing to do with the two other PaymentWorlds.

So you’re probably wondering then, how did the three entities wind up with virtually identical names? [Continue reading…]

Vemma’s second quarter report for 2016 was filed on June 20th.

The good news? Net losses are on the decline and there might light at the end of the tunnel yet. [Continue reading…]

Following an investigation by the Dhaka Metropolitan Police (DMP) Counter Terrorism Unit, two OneCoin investors have been arrested in Bangladesh. [Continue reading…]

One of the big selling points for OneCoin up until March was the issuing of OneCoin branded Mastercard debit cards.

For the short time they were available, OneCoin affiliates could transfer withdrawal requests to the card and spend the money wherever MasterCard was accepted.

On March 17th OneCoin abruptly announced card approval and use of already issued cards was suspended.

Three days later it was revealed the owner of the company OneCoin was accessing the cards through, was part of a multi-million dollar drug gang.

No doubt aware of the impact of being able to mention “Mastercard” in OneCoin marketing presentations (not to mention the embarrassment of losing access to the cards in the first place), it seems OneCoin have been pursuing regaining access to the Mastercard network.

Unfortunately for them, Mastercard appear to have been investigating OneCoin themselves. According to a representative in Austria, another OneCoin branded Mastercard won’t launch any time soon. [Continue reading…]

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

The QM Matrix website domain (“qmmatrix.com”) was registered on the 31st of May 2016. Ivan Tezak of “Cosmos-Star D.O.O.” is listed as the owner.

Cosmos-Star D.O.O. are located in Croatia, with the company’s website describing it as a supplier of goods to schools, sports facilities, hotels and restaurants.

In a Facebook group titled “Quatermillion – Balkan”, Tizak (right) is cited as QM Matrix’s admin. Tezak’s role in Cosmos-Star D.O.O. however is unclear.

Tizak appears to have gotten involved in MLM in 2014 as an investor in the GetEasy Ponzi scheme.

In 2015 Tizak was promoting Dubli, with marketing for several MLM underbelly HYIP scams appearing on his Facebook timeline thereafter.

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