Unlike OneCoin affiliates, I wasn’t expecting much to be announced at their London CoinRush event.

My thinking was if they had the merchants (100,000 “ready to go” or otherwise), they’d have gone live with them back in May as originally promised.

So, what did happen at the CoinRush event? [Continue reading…]

There is no information on the World Gold Coin website indicating who owns or runs the business.

On the “legal” section of their website, World Gold Coin do provide what appears to be an incorporation certificate issued by the Hong Kong Registrar of Companies.

Additionally, the World Gold Coin compensation plan documentation provided what a corporate address in Admiralty, Hong Kong.

Further research reveals the provided address actually belongs to Bridges, who provide “virtual office packages” starting at HK$1,400 a month ($180 USD).

The World Gold Coin website domain (“worldgoldcoin.biz”) was registered on the 26th of April 2016, however the domain registration is set to private.

Alexa statistics reveal that an estimated 56.9% of traffic to the World Gold Coin domain originates out of India.

If I had to guess, I’d say the company is probably being run by Indians. Bridges advertise a “Hong Kong Company Formation Package” for HK$7900 ($1017 USD), so they’ve probably used that to set up World Gold Coin as a shell company.

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…]

The streambox MLM niche appears to have dissipated as quickly as it appeared.

The first one I reviewed was vStream TV back in March, 2015. Over the rest of 2015 another five MLM streambox opportunities were launched and reviewed.

So far in 2016? Only two.

Most of the controversy around the various piracy box opportunities focuses on the legality of selling access to piracy. Affiliates of such schemes often evoke the strawman argument that watching streamed pirated content is legal.

This obviously doesn’t address the profiting from piracy issue.

Following two separate crackdowns by British police (June 2015 and March 2016), the Canadian Federal court has issued an injunction prohibiting the sale of piracy-friendly streamboxes. [Continue reading…]

Patrick Chan (also goes by “Patric Chan”) joined Jeunesse in May, 2015.

Operating out of Malaysia, Chan refers to his Jeunesse downline as the “Passive Wealth Group”.

As per a Facebook post dated June 7th, 2016, here’s how Chan claims his Passive Wealth Group is going:

We started the Passive Wealth Group 1 1/2 years ago. When I first started, some say it’s just a “temporary thing” I was doing. Probably all of my partners get the same remark too.

Some said it’s IMPOSSIBLE to do it because I do not have experience in this amazing industry. Some competitors EVEN said that because I’m not doing internet marketing anymore (where they are COMPLETELY CLUELESS because my internet marketing business has actually grown better than ever and in fact, I am making money online on auto-pilot nowadays…)

Making money on “auto-pilot”? If you’re selling Jeunesse products to retail customers and encouraging your downline to do the same, how is that even possible?

Read on to find out… [Continue reading…]

Boresha initially launched in 2007 and rebooted in 2014. At the time, Boresha claimed the ‘company’s operational or financial performance‘ were “strong”.

Turns out that wasn’t the case, with a message to affiliates telling a very different story. [Continue reading…]

When you scam an estimated 850,000 people out of $850 million dollars, there’s going to be some fall-out. When said $850 million dollar scam is the fifth-largest Ponzi scheme in US history, even more so.

Had access to the internet over the last four years? Own a TV? Able to read or view the news? Familiar with the going-ons of the MLM industry?

Paul Burks doesn’t want you on his jury. [Continue reading…]

In addition to the four counts Paul Burks was indicted on, the DOJ plan to introduce additional evidence at trial next month.

The first evidence pertains to Burks failing to pay tax returns, the second his ‘involvement in a pyramid scheme‘.

Paul Burks has a history of scamming prior to Zeek Rewards? Say it isn’t so! [Continue reading…]

The battle between the Zeek Rewards Reciever, Payza, PaymentWorld and VictoriaBank continues…

The latest filing in the long-running saga is from Banca Comerciala VictoriaBank SA.

VictoriaBank want to keep $13 million in stolen Zeek funds, claiming the North Carolina District Court has no jurisdiction over them.

In an attempt to fight off the Receiver’s efforts to recover the $13 million in question, VictoriaBank has lawyered up in the US. [Continue reading…]

Back in late 2014, Paul Burks was indicted for running the Zeek Rewards Ponzi scheme.

Burks’ indictment has him facing four criminal counts:

1. conspiracy to commit wire and mail fraud
2. mail fraud
3. wire fraud and
4. tax fraud conspiracy

Just shy of two years from his indictment and a criminal trial just around the corner, Burks has objected to the fourth count of tax fraud. [Continue reading…]

As per our last update on Sann Rodrigues’ visa fraud case, a Status Conference was scheduled for June 7th.

On June 6th a Joint Motion was filed, requesting a continuance of the scheduled conference until August.

Reasons for the delay include a substitution of attorneys on the DOJ side and a joint request for ‘additional time to confer about this case‘. [Continue reading…]