In what might have been an attempt to avoid answering prickly questions about the whereabouts of $13.1 million dollars of stolen Ponzi funds, last month PaymentWorld sought to delay the deposition of CEO Roman Balanko.

Balanko appears to be at the heart of the missing funds, with his deposition expected to reveal crucial information that will aid the Receiver in its recovery. [Continue reading…]

The MX Revshare website identifies James Lee Valentine as Founder of the company.

Valentine also owns the MX Revshare website domain, which was registered on the 25th of September, 2015.

The MX Revshare domain registration provides an address in Tortola in the British Virgin Islands, however Valentine himself is based out of the Philippines.

James Lee Valentine (right) first popped up on BehindMLM’s radar in 2012 with Supreme Wealth Alliance, a $55 chain-recruitment pyramid scheme.

In 2013 Valentine resurfaced with MX Fast Money, a feeder for Valentine’s primary MillionaireX Ponzi cycler.

MX Revshare appears to be the latest entry in Valentine’s long line of launched scams.

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

There is no information on the New Income 4 Life website indicating who owns or runs the business.

The New Income 4 Life website domain (“newincome4life.com”) was registered on the 29th of December 2015, 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…]

Sometime over the last 24 hours the Traffic Monsoon Receivership website has gone live.

This website will be the main method of communicating with customers and the public. We strongly encourage interested persons to check the website frequently as it will be updated as new information is obtained.

You may also contact the Receiver using the contact information listed below. Please note, at this time the preferred method of contacting the Receiver is via e-mail.

Having only just been appointed, the Receiver is in the process of gathering information requesting assistance from Traffic Monsoon affiliates. [Continue reading…]

If you bought a can of coke and consumed it, you wouldn’t be surprised if a request for a refund was flatly denied.

In FutureNet things are a little bit different. Affiliates are spending thousands of dollars on what the company refers to as “media points”, only to be told the “internal currency” cannot be refunded. [Continue reading…]

As part of the settlement agreement between the FTC and Herbalife, an Independent Compliance Auditor (ICA) will be appointed to oversee Herbalife’s adherent to the agreement.

As per a press-release issued on August 9th, the FTC are now seeking applications for the position. [Continue reading…]

There’s nothing new on the legal front so far this week, but that doesn’t mean events are quietly unfolding behind the scenes.

The latest has seen Charles Scoville disable comments on his Facebook page and provide an update in which he claims his “intentions” should trump committing Ponzi fraud.

Traffic Monsoon investors are also actively encouraging their downlines not to contact the court-appointed Receiver, suggesting an email might have been sent out to affiliates. [Continue reading…]

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

The Zonex Help website domain (“zonexhelp.com”) was registered on the 6th of July 2016, however the domain registration is set to private.

Zonex appears to be operated from either India or Indonesia. According to Alexa, both countries are currently the largest sources of traffic to the Zonex Help website (52.4% and 38% respectively).

The Zonex website currently is advertising a “soft launch”, scheduled to take place in Indonesia on August 14th.

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…]

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

The Traffic Powerline website domain was registered on the 4th of July 2016, however the domain registration is set to private.

In a Traffic Powerline presentation held in late July, Pearse Donnely revealed Traffic Powerline is ‘owned and operated by Mo Brabus Limited’.

Donnely (right) identifies himself as co-Director of Mo Brabus.

Mo Brabus is a an adcredit Ponzi scheme launched in early 2015.

Mo Brabus affiliates invest $5 on the promise of an advertised $6 ROI. Mo Brabus investments also pay a ROI through a matrix cycler.

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

There’s a whole load of *winkwink* we don’t know who’s running the new Traffic Monsoon website *nudgenudge* going around at the moment.

Perhaps none more comical than what Ernie Ganz is telling his fellow Traffic Monsoon investors.

Grab your popcorn folks… [Continue reading…]