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

The Plus Profit website domain (“plusprofit.net”) was registered on the 3rd of February 2016, with Tiger Stand Corporation listed as the owner. An address in the US state of California is also provided.

Tiger Stand Corporation’s website appears to be defunct, with no information about the company provided on the Plus Profit website.

Corporate records reveal Tiger Stand Corporation was incorporated in Delaware back in 2005. James Koh is listed as the sole registered agent.

Koh also incorporated Plus Profit Inc. in California on April 21st, 2015.

Why there is no information about James Koh on the Pure Profit website is unclear.

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

One of the side-effects of the rise of MLM cryptocurrency opportunities, has been analysis and scrutiny from the wider cryptocurrency community.

When it comes to MLM and compensation plans, I like to think I know my stuff. While I have a working knowledge of how bitcoin works however, the technical side of the cryptocurrency isn’t something I’ve delved into.

Presumably authored by someone in the bitcoin community, on May 27th an article published by “Mr. Poth” compares bitcoin’s blockchain with that of OneCoin’s.

Not surprisingly, the author has concluded that OneCoin’s purported blockchain is “useless”. [Continue reading…]

For one of the investors of the Wings Network pyramid scheme, litigation initiated by the SEC early last year has come to an end.

In their complaint, the SEC alleged Simonia de Cassia Silva of Gloucester, Massachusetts earned $419,900 in recruitment commissions.

As part of a consent judgement that took into account Silva’s “financial condition”, she has been ordered to pay back $141,307.86. [Continue reading…]

James Merrill’s criminal trial is currently scheduled for October 3rd, just over four months away.

Thus far whatever defense Merrill has planned has been kept under wraps. On the offense side of things though, Merrill has gone all out in a hilarious set of motions filed from May 20th…

According to his filed motions, Merrill wants all seized evidence against him suppressed. [Continue reading…]

The Zeek Rewards, Payza and VictoriaBank dispute has been running for some time now.

At the center of the dispute is $13 million dollars in stolen Ponzi funds, currently frozen in a Bank of New York Mellon account.

The Zeek Receiver wants these funds returned to Rex Venture Group, in order for them to be distributed to victims of the Zeek Rewards Ponzi scheme.

VictoriaBank insist the money is rightfully theirs. VictoriaBank are largely relying on the premise that they aren’t a US bank and should thus be permitted to keep the funds.

Back in February the Zeek Receiver filed a motion seeking to hold VictoriaBank, Payza and PaymentWorld to turn over the $13 million or be held in contempt.

VictoriaBank has since filed an opposition to the motion, which the Receiver has now replied to.

It ain’t pretty… [Continue reading…]

Last month the TelexFree Trustee estimated the TelexFree victim claims portal would go live in early May.

Slightly late but better than never, the victim claims portal has just gone live. [Continue reading…]

There is no information on the Pure Profit Pro website indicating who owns or runs the business.

Infact there is no information period, with the Pure Profit Pro website currently nothing more than an affiliate login page:

Clicking on the “pay admin fee” button causes the site to demand an affiliate referral code.

The Pure Profit Pro website domain (“pureprofitpro.com”) was registered on the 30th 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…]

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

The Elevacity website domain (“elevacity.com”) was registered on the 26th of January 2014, however the domain registration is set to private.

Further research reveals Robert Oblon identified as Founder and CEO of the company. Why this information is not presented on the Elevacity website is unclear.

On his LinkedIn profile, Oblon cites his location as Texas. The Elevacity website Terms states that the company has ‘offices within the State of Texas, U.S. of America‘.

Prior to launching Elevacity, Oblon (right) was President of World Ventures. He also held a 5% ownership stake in the company.

World Ventures is a travel niche MLM company that primarily pays affiliates to recruit new affiliates.

Oblon also owned Travopoly, which as I understand it was a vendor World Ventures provided travel discounts through.

In 2011 World Ventures filed a lawsuit against Oblon and Travopoly, accusing them of violating a Non-Compete and Non-Solicitation agreement.

I did try to look up the outcome of the case but was unsuccessful.

After Oblon left World Ventures, Travopoly appears to have continued on as a stand-alone vacation platform.

Oblon launched FourOceans Global in 2015, through which Elevacity is offered. Travopoly is featured on the Elevacity website as a “partner” of the company.

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

Thanda Travel claim to be a ‘privately owned company based in South Africa‘.

Identified as CEO of the company on the Thanda Travel website is Daniella Le Roux (full name: Daniella Beukes Le Roux).

Daniella has a passion for Sales and Marketing and has 16 years of experience in this.

She serves as Sales Director for Creative Hearts which is a development and marketing Company.

MLM opportunities Le Roux (right) has been an affiliate with include Pro Travel Plus and Volishon.

Both companies operated in the MLM travel niche, with affiliates primarily paid to recruit new affiliates.

A visit to the Pro Travel Plus and Volishon websites reveal both companies are in decline, which has likely prompted the launch of Thanda Travel.

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

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…]