Details on this one are currently sketchy, but it appears authorities in Britain are looking to preemptively put a stop to a planned uFun Club IPO. [Continue reading…]

According to the NuViza website,

January 1, 2011 marks the first day in business for NuViza. The organization is a total of seven people, from all backgrounds focused on one common mission: to change the world. NuViza launches with three products, the EMZ, Burn, and the DTX.

Curiously, the NuViza website domain however was only registered on the 16th of September 2014.

The company’s official Facebook page was also only created in October 2014.

Identified as Founder and Chairman of NuViza on its website is Ahmad Evaji.

Evaji (right) has a Facebook profile, in which a “ZV International” is advertised (2013). This seems to be the precursor to NuViza as it’s known today, with the former ZV International website domain (“zvinternational.com”) now defunct.

Further research reveals ZV International was also known as ZoiVi.

Now I’m not suggesting anything overtly disingenuous is going on, but I do think this can be better reflected in NuViza’s corporate history. NuViza as it’s presented today on its website certainly wasn’t around in 2011.

As for Ahmad Evaji, he was previously an affiliate with YOR Health (Founders Council in 2008) and Usana (joined April 2009).

Two years later ZoiVi was launched, and then relaunched as NuViza in late 2014.

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

There is no information on the Concord Consulting Limited website indicating who owns or runs the business.

The Concord Consulting Limited website domain (“concordconsulting.com”) was registered on the 16th of May 2015, however the domain registration is set to private.

Further research reveals Concord Consulting affiliates identifying an “MG Faroque” as the owner of the company;

The owner of the company is MG Faroque. I have known him for quite some time, and have actually had conversations with him via Facebook and phone. He is as honest as it gets.

Faroque is currently advertising Concord Limited Consulting on his Facebook page, with it looking to be a relaunch of something called Enliven LTD:

Enliven LTD appears to have launched in early May, with Faroque publishing the following Facebook update on May 2nd:

Dear Friends,

I was just like you who are struggling to make money online, so I know the pain and feeling of losing your savings, money, max out credit card, taking money from your spouse and losing it all.

I know the feeling of being scammed by dishonest admin who take your money and shut down the program, I know the feeling of sucking our money, and when it comes to withdrawal, drama starts one after the other and you can’t even take your seed money out. I get all this.

So, I have come to this decision I would like to help all the people out there, to make money online, make the future plan without hesitating that tomorrow you may not get paid. I like to change the mode of online money making fear.

Our plan is pretty simple. Plans 1 to 3 will pay daily profit for 60 business days and your investment will be returned after the 60th business day. And the VIP plan will pay after 40 business days with a total 500% return on your investment.

Advertising for Concord Consulting Limited began on May 22nd, with Faroque later confirming it is a reboot:

(Investor): thought it was called somethign (sic) else (23 May at 06:49)

MG Faroque: name has been changed (23 May at 06:53)

(Investor): enlivin or something liek (sic) that before right? (23 May at 06:54)

MG Faroque: yes, plz go to group. (23 May at 06:55)

The Facebook group Faroque (right) refers to is set to private, but is presumably where he primarily communicates with Concord Consulting Limited investors.

As for the company itself, on his Facebook profile Faroque lists his location as New York in the US. Despite the presence of a UK company address on the Concord Consulting Limited website, New York is instead likely where the company is being run out of.

Faroque’s familiarity with being scammed meanwhile comes as no surprise, with further perusal of his Facebook profile revealing advertising for

• IntellaShares (collapsed $2.50 micro Ponzi)
• BoomAdz (150% ROI Ponzi scheme)
• Rockfeller (350% ROI Ponzi scheme)
• PaFunds (250% ROI Ponzi scheme)
• Profits Automatic (125% ROI Ponzi scheme)
• Money Worldwide ($500 a week ROI Ponzi scheme)
• Automatic Mobile Cash ($25 Ponzi scheme)
• Powerline Cycler ($50 matrix-cycler Ponzi scheme)
• Trinity Lines ($50 three-tier cycler Ponzi scheme)
• Friendly Cycler (200% ROI cycler Ponzi scheme),
• Best Online Salary System (matrix cycler Ponzi),
• Achieve Community ($3.8 million dollar Ponzi scheme shutdown by the SEC)
• Double Diamond Cycler ($20 six-tier matrix Ponzi cycler)
• Unison Wealth ($35 matrix subscription Ponzi scheme)
• Revetrix (1200% ROI Ponzi scheme)
• RE247365 (collapsed $39.95 a month pyramid scheme)
• Zukul ($25 a month recruitment-driven pyramid scheme)
• Lead System Network (cash gifting) and
• Empower Network

Empower Network appears to be Faroque’s first venture into MLM, with advertisements appearing on his Facebook timeline in March 2014. Promotion of MLM underbelly scams began a few months after.

Read on for a full review of the Concord Consulting Limited MLM business opportunity. [Continue reading…]

Following the denial of an appeal roughly a year ago, which argued BurnLounge wasn’t a pyramid scheme, relief is finally in sight for victims of the scam. [Continue reading…]

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

Despite claiming to have ‘a great track record of advertising for over 12 years on the net‘, the TeamBuildMatrix website domain was only registered on the 13th of May, 2015.

The domain registration information currently lists a “Marie Kelly” as the owner, with a non-existent address in the US state of Texas.

Further research reveals the TeamBuildMatrix domain was initially registered to a “Nadeem Hamed”, using the same fake Texas address.

Hamed is likely running TeamBuildMatrix out of India, with Alexa currently estimating that India accounts for over 69% of traffic to the TeamBuildMatrix domain.

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

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

The Passive Rebate website domain (“passiverebate.com”) was registered on the 5th of December 2014, however the domain registration is currently set to private.

Further research reveals the initial Passive Rebate domain registration listed a “Sham Awan” as the owner, with an address in Somerset, England provided.

I wasn’t able to find any additional information on this individual.

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 BeWise Trader website indicating who owns or runs the business.

The BeWise Trader website domain (“bewisetrader.com”) was registered on the 24th of April 2015, however the domain registration is set to private.

An address in London is given on the BeWise Trader website, however this is just virtual office space (a mailing address) owned by Regus.

One thing I noticed in researching BeWise Trader is that a number of affiliates mention it was formerly known as GooBets:

GooBets was run by Miguel Carvalho and Augusto Queiroz (a former investor in the Brazilian Ponzi scheme MultiClick), with a search revealing Carvalho is involved in BeWise Trader:

GooBets was a Ponzi scheme launched earlier this year, promising investors weekly ROIs of up to 31% on investments of up to $1350.

The scheme appears to have collapsed sometime after launch, with the GooBets website offline at the time of publication.

With Carvalho confirmed to be involved in BeWise Trader, it would indeed appear to be a relaunch of GooBets.

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

Following regulatory action against World Ventures in Norway last year and Malaysia declaring it an “illegal business” a few months ago, now news that World Ventures is under criminal investigation in Jamaica. [Continue reading…]

With over ten countries actively investigating the scheme, problems with payment processors and the scheme likely appearing on a number of financial fraud alert lists – day to day operations at uFun Club have ground to a halt.

The latest blow saw investors formed that the new backoffice platform, which was supposed to be launched on the 15th, had been “delayed until further notice”.

Now, under the name “Unascos”, it appears uFun Club are looking to rebrand themselves. [Continue reading…]

A number of streambox MLM companies have launched in the last few months, all marketing on the idea that customers can cancel their cable TV bill and instead access unlicensed content through the internet.

The streambox these companies sell make this possible, with the companies themselves selling the boxes preloaded with the required software and plugins.

Kodi is the software of choice used, with third-party plugins bundled with the streamboxes.

It is these plugins that have landed Kodi in hot water with Amazon, with the retail giant today removing Kodi from their app store. [Continue reading…]