Investing in a Ponzi scheme built on another Ponzi scheme was never a good idea, but that’s exactly what Fort Ad Pays offered.

Amazingly over 40,000 people thought this was a good idea. Unfortunately now that Fort Ad Pays has collapsed, they’ve now collectively lost millions of dollars. [Continue reading…]

A few weeks back BehindMLM reported on the arrest of three Chinese OneCoin affiliates.

Specifics surrounding the arrests were sketchy, but we do know that three affiliates were apprehended and $30.8 million USD in assets recovered.

Now in a followup article from ZSBTV, additional details about the arrests have emerged. [Continue reading…]

There’s no explicit information on the SuperAdShare website identifying the owner of the company.

If you hover your mouse over the Skype admin contact button on the footer of the website though, the Skype username “knelson3872” comes up.

This corresponds with a “testimonial” provided by Keith Nelson, who appears to be the SuperAdShare admin.

Why Nelson is providing a testimonial for his own opportunity that hasn’t even launched yet, is unclear.

Nelson appears to have begun his MLM career with Solavei back in 2012. Solavei collapsed and closed down its MLM opportunity in November, 2015.

Buried between a sea of religious podcast tweets on his Twitter profile, is a recent referral link for AdsPayPro.

AdsPayPro was a Ponzi scheme launched late last year. Affiliates invested $50 on the promise of an advertised $60 ROI, paid out of subsequently invested funds.

AdsPayPro collapsed last month, likely prompting Nelson to launch SuperAdShare.

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

There is no information on the Mega Profit Cycler website indicating who owns or runs the business.

The Mega Profit Cycler website domain (“megaprofitcycler.com”) was registered on the 6th of May 2016, however the domain registration is set to private.

Margaret Oddy created and admins the official Mega Profit Cycler Facebook group. A post Oddy made a few hours ago claims Richard Cooper and Virginia Addy own the company.

My name is Richard Cooper. I’m the main admin in MPC, and reside in Canada along with my co-admin, Virginia Addy.

Neither Richard Cooper or Virginia Addy appear on the list of Mega Profit Cycler Facebook group members.

I also wasn’t able to find any additional information on Cooper or Addy, with Margaret Oddy appearing to be the sole face of the company.

Up until recently, Oddy’s Facebook profile  publicly identified herself as a Team Vinh affiliate.

Team Vinh was a $3 million dollar Ponzi scheme shut down by the SEC late last year. Whether Richard Cooper and/or Virginia Addy were investors in the scheme too is unclear.

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

Johnny Ganoza launched The PLR System in late 2015.

Through a two-tier matrix cycler, The PLR System affiliates gifted cash payments to eachother.

The PLR System never took off, collapsing shortly after launch. Now Ganoza has re-purposed The PLR System domain to launch a new opportunity, The $100 System.

Read on for a full review of The $100 System MLM opportunity. [Continue reading…]

Following in the footsteps of Carlos Wanzeler, two top investors in another major US MLM Ponzi scheme have fled the country for Brazil.

In 2014 Wanzeler fled the US on the eve of pending criminal charges. Wanzeler is wanted by US authorities for his involvement in TelexFree, a $1.8 billion dollar Ponzi scheme.

Now Wanderley Dalman and Eduardo Silva, two top investors in the DFRF Enterprises Ponzi scheme have also fled. [Continue reading…]

5 Dollar Leveraging System launched earlier this month and name Randy Garrard as owner of the company.

Garrard first appeared on BehindMLM last year as the owner of Residual Income In a Box (RIIAB).

Through RIIAB, Garrard (right) funneled people under him in various MLM underbelly schemes.

Alexa rankings for the RIAAB website suggest the scheme is in decline, which has likely prompted the launch of 5 Dollar Leveraging System.

Read on for a full review of the 5 Dollar Leveraging System MLM opportunity. [Continue reading…]

An end to the Herbalife investigation to the FTC might finally be in sight, following a report that a settlement might be announced tomorrow.

Citing an unnamed source “close to the matter”, the New York Post are reporting

an announcement of a deal could come as soon as Wednesday, although the agreement is not final and could still fall apart.

“I do not believe the FTC is requiring a substantial change in the business model,” a source close to the matter said.

Herbalife has, though, agreed to pay a hefty fine, the source said.

Details of the settlement “could not be learned”. [Continue reading…]

Following “months of investigation”, on May 19th 126 search warrants were issued on locations across the German states Saarland and Saxony.

Additionally arrest warrants for violations of the German Banking Act were issued for four individuals in particular, believed to be the owners of Bonofa.

Following a massive operation involving 1200 agents, Detlef Tilgenkamp (63) from Saarbrücken, Thomas Kulla (54) from Riegelsberg, Gernot Fuhr (60) from Wallerfangen and Martin Böhm (38, CEO of Bonofa) were arrested. [Continue reading…]

There is no information on The Perfect Circle website indicating who owns or runs the business.

The Perfect Circle website domain (“globalprelaunch.com”) was registered on the 26th of April 2016, with James Platzer listed as the owner. An address in Leobersdorf, Austria is also provided.

Despite this, The Perfect Circle website states that an “official kick off” will be held on ‘1st of July 2016 (in) New Delhi, India‘.

Things get even more suspicious when you consider The Perfect Circle identify themselves as a Singaporean company in their website footer:

All Rights Reserved By The Perfect Circle PLC Singapore.

Back in Europe, Alexa currently estimate that 61% of all traffic to The Perfect Circle website originates out of the Czech Republic.

Promotional videos on the official Perfect Circle website are available in English, Hindi and Czech.

Austria, India, Singapore or the Czech Republic. Take your pick.

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…]