BehindMLM first reviewed Unetenet back in 2013, identifying it as a Ponzi investment scheme.

Back then “franchises” were the ruse, with Unetenet affiliates investing between $360 and $9000 on the promise of advertised weekly ROIs.

At some point a cryptocurrency was attached to the scheme, referred to as the “Unete”.

Unete, a digital currency that could be used to buy and sell things on the internet. It would be worth one US dollar, and serve as a way of avoiding the ups and downs of the currency market.

Outside the control of any government or financial institution, it was launched in 2013.

Affiliates had funds they’d already invested along with new investments converted into these Unetes… and that’s when things began to fall apart. [Continue reading…]

No word on why submission of the criminal report was again delayed, but Thai police are now claiming it will be submitted this Friday.

The 400 page report is based on over 300,000 pages of evidence, put together by over 60 investigating officers. [Continue reading…]

One last delay in the uFun Club Ponzi case in Samoa, as prosecutors work to finalize their case against uFun Club investor Nicolas Giannos.

Giannos was arrested earlier this month, as he attempted to flee Samoa with Rosita Stanfield (another uFun Club investor).

The two had been marketing uFun Club in Samoa since early May, with an attempt to transfer over $100,000 out of the country alerting authorities to their conduct.

The case being but together by prosecutors against Giannos and Stanfield continues to grow, as more and more Samoan uFun Club victims present themselves to authorities. [Continue reading…]

Other than a PO Box address in Panama (which belongs to a domain registration company), there is no information on the MoneyCashFlowSystem website indicating who owns or runs the business.

The MoneyCashFlowSystem website domain (“moneycashflowsystem.com”), was registered on the 21st of April 2015, however the domain registration is set to private.

Alexa currently estimates that 38% of traffic to the MoneyCashFlowSystem webstite originates out of India, with Germany the second largest source at 23.9%. This strongly suggests it is either India or Germany that MoneyCashFlow system is being operated out of.

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 BitHashCycler website indicating who owns or runs the business.

The BitHashCycler website domain (“bithashcycler.com”) was registered on the 27th of April 2015, however the domain registration is set to private.

Alexa currently estimates that some 85.4% of traffic to the BitHashCycler website domain originates out of India, strongly suggesting that this is where the BitHashCycler is being run out of.

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 Rockin Residual website indicating who owns or runs the business.

The Rocking Residual website domain (“rockinresidual.com”) was registered on the 4th of March 2015, with a “Steve Thompson” listed as the owner. A residential address in the US state of South Carolina is also provided.

Further research reveals Thompson (right) is an affiliate with Globally Positioned Partners, who market CeraCoat products in the US.

Various dubious opportunities have been “liked” by Thompson through his Facebook profile, including Profitable Sunrise (Ponzi scheme), Four Corners Alliance Group (recruitment-driven pyramid scheme) and 5 Dollar Funnel (matrix-based Ponzi scheme).

The extent to which Thompson was involved in those opportunities however is unclear.

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

Last we checked in Sanderley Rodrigues was scheduled in for an initial appearance hearing on the first of June.

Rodrigues was arrested early last month for visa fraud, with a hearing on the 21st of May seeing him released on a $200,000 bail.

After nearly a fortnight out on bail, the hearing on the first of June saw the issue of Rodrigues not being able to meet his bail conditions. [Continue reading…]

After a series of delays, news today that the Thai police investigation into uFun Club is now complete.

The report has been finalized and will be handed in to the Public Prosecutor’s Office later today (Tuesday 23rd June). [Continue reading…]

Zeek Rewards figure Robert Craddock was indicted on charges of wire fraud back in March.

This was followed by an arraignment in April, which saw Craddock plead not guilty.

Now news that earlier this month Craddock has changed his tune and plead guilty to two counts of wire fraud. [Continue reading…]

Overnight promotional material has been circulated among uFun Club investors, suggesting the scheme is looking to open up a Unascos office in Melbourne, Australia.

An opening ceremony has been announced as being scheduled for the 1st of August:

The opening coincides with plans by uFun Club to announce a nickel mining project in Australia on the 2nd. [Continue reading…]