What would you do if you were running an MLM opportunity and discovered one of your affiliates had made off with over five thousand dollars?

If you’re BitClub Network, you set up a page on your website publicly shaming them and offer a “potential bounty” for any help given. [Continue reading…]

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

The Funny Biz website domain (“funnybiz.today”) was registered on the 6th of March 2015, however the domain registration is set to private.

In the footer of the Funny Biz website is an address in the US state of Arizona. Further research reveals this address to belong to the New Life Worship Center Church of God, the Founding Pastor of which is James Alderdice.

On his LinkedIn profile, Alderdice (right) lists himself as the Founder and CEO of Funny Biz.

At the time of publication testimonials from Sharri and Westin Alderdice appear on the Funny Biz website, suggesting James Alderdice’s relatives are also likely involved.

On his LinkedIn profile, Alderdice claims to have first gotten involved with “various business ventures” in 1975.

Why none of this information is provided on the Funny Biz website itself however is a mystery.

Update 22nd August 2015 – One possible reason: In 1985 Alderdice was sentenced to 10 years jail for defrauding 13,000 investors to the tune of $75 million dollars (see comments #1 and #2 below this article for more information). /end update

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

Aside from citing the admin of 20K Profits with initials “J.T.”, there is no information on the 20K Profits website indicating who owns or runs the business.

The 20K Profits website domain (“20kprofits.com”) was registered on the 11th of June 2014, with a “John Toth” listed as the domain owner.

This corresponds with the “J.T.” initials displayed on the 20K Profits website.

An address in the US state of Michigan is provided in the domain registration, which is presumably where Toth is running 20K Profits from.

Toth (right) talks about his family on the 20K Profits website, explains that he’s not a guru and claims that ‘anyone … can have success just by following (his) blueprint‘.

As per Toth’s LinkedIn profile;

We achieved great success in corporate America for 27 years. Hard work and determination granted us multiple promotions & pay raises.

On April 3rd. of 2006, my wife, Lynn, started searching for a business of our own where we could combine our talents and, if possible, our ultimate goal was to work from home.

Three weeks of looking at several franchises, local brick and mortar business, and numerous on-line opportunities, she found the perfect business, one that afforded us the luxury of maintaining our multiple six figure lifestyle while working from home together.

Prior to launching 20K Profits Toth was an affiliate with Inspired Living Application (mobile videos) and Bioceutica (health and wellness).

Read on for a full review of the 20K Profits MLM business opportunity. [Continue reading…]

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

The UFX Trading website domain (“ufxtrading.com”) was registered on the 30th of July 2015, however the domain registration is set to private.

Alexa currently estimate that 97.5% of all traffic to the UFX Trading domain originates out of India, strongly suggesting this is where the company is being run from.

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 4×4 Cash website indicating who owns or runs the business.

The 4×4 Cash website domain (“4x4cash.com”) was registered on the 11th of July 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…]

Following a scheduling conference held on August 20th, it looks like it’s going to be a long time before the SEC’s case against Achieve Community goes to trial.

Dates now scheduled are as follows: [Continue reading…]

Last we checked in, MyCenterBid management were baffled by the lack of affiliates lining up to invest in their platform.

Wrote a frustrated management team in 2013:

We hear people say that they will be waiting to take action when the auctions are live.

Why? We’ve said before – why not use this time to learn how everything works and start creating momentum? It’s almost like being in prelaunch where everybody has a huge advantage..

Make sure you take action NOW regardless of fully understanding the compensation plan or not.

There is a lot of new information to read and digest, DO IT NOW! Don’t wait.

NOW is the time you should take action.

A trip to the MyCenterBid website today reveals the domain is parked, which means the company was shut down.

So what are MyCenterBid management up to these days? [Continue reading…]

There is no information on The Wealth Creator UK website indicating who owns or runs the business.

The Wealth Creator UK website domain (“thewealthcreatoruk.com”) was registered on the 6th of May 2015, with an “Eamon McAlinney” listed as the owner. An incomplete address in London, England is also provided.

Circa 2013, McAlinney was pushing various HYIP scams through his Google Plus profile. One such advertisement for Rubicon Invest reads “Earn 1.5% daily for 100 days with Rubicon Invest”.

On the MLM front McAlinney has been an affiliate with All In One Profits (cash gifting) and My Fun Life (recruitment-driven travel scheme).

As an admin McAlinney (right) has been putting together HYIP schemes (or trying to) since at least 2012:

May 16, 2012 at 4:08 pm

Eamon McAlinney says:

Hello, I am interested in purchasing a 2% daily ad share website. I will probably be wanting it next week sometime along with hosting.

I wasn’t able to find anything recent on McAlinney’s involvement in MLM, suggesting The Wealth Creator UK is his first venture in some time.

Read on for a full review of The Wealth Creator UK MLM business opportunity. [Continue reading…]

The key to a successful Ponzi scheme is getting people to invest, withdrawing their money and then leaving them in a lurch.

Tons of a victims, a handful of early investors profiting – you know how it goes.

One of the issues dampening efforts to rip people off is that with the traditional Ponzi schemes, ROIs are paid out on a schedule – to everyone.

Yes earlier investors still make off with the lion’s share, but mid to late investors also get a few dollars too (not nearly enough to cover their initial investments though).

Is there a way to address this “problem” and maximize admin and early adopter profits?

For the answer one only need look as far as a recent OneCoin webinar. [Continue reading…]

Rising Money are set to launch later this month and operate in the advertising MLM niche.

Jang Bahadur Singh is credited as the admin of the opportunity, with the Rising Money domain registration listing an address in New Delhi, India.

Singh (right) appears to have been navigating the MLM underbelly for a while now, with his Facebook profile revealing he is a member of several suspect groups.

Opportunities with advertising lines such as “Turn $11 into $34,538,030 in 90 days” and “TURN $1 TO A MILLION DOLLAR!!!” are featured, among other groups openly advertising various HYIP and cash gifting schemes.

Likely having lost money as an affiliate in these schemes, Singh is now trying his hand at playing admin.

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