Despite the Philippine SEC issuing an investment warning against the scheme earlier this year, promotion of EmGoldex in the Philippines appears alive and well.

The latest marketing efforts of local investors has seen them use the name and image of singer Aiza Seguerra.

This hasn’t gone unnoticed, with the singer now issuing a public demand that EmGoldex scammers refrain from using his name to perpetuate the scam. [Continue reading…]

“Oh shit, we done pissed off them royals now…”

In stark contrast to the lack of action Malaysian regulators and police have taken to combat the $1.17 billion dollar Ponzi scheme uFun Club, Malaysian royalty have reacted angrily to being associated with the scheme.

For our part in uncovering the scandal and reporting on what Malaysian media are seemingly unable to, BehindMLM today was threatened by his highness Tengku Sulaiman Shah ibni Sultan Salahuddin Abdul Aziz Shad, with a $1328 fine and maximum three-year prison sentence. [Continue reading…]

Modeled on AdSurfDaily, StarAd24 sees affiliates invest in €50 “promotion packs” and pay up to €1000 when they join the company (20 positions).

The STARAD24 Affiliate Programme combines several well known and well proven compensation plan models, and has created a above (sic) average and very profitable system.

Each €50 position pays out an eventual €60 ROI, with ROI funds sourced from subsequent investment.

StarAd24 went into prelaunch almost a year ago (August 2014), likely retaining prelaunch status so as to sell the “getting in on the ground floor” illusion to new investors.

Being a HYIP Ponzi scheme (only single-level commissions are offered), StarAd24 naturally requires a constant influx of new investors to fend off collapse.

In a recent presentation the company announced a “new payment system”, which was none other than uPayCard.

Towards the end of the call things got interesting when the issue of uPayCard providing processor services to uFun Club was raised… [Continue reading…]

The controversy surrounding Jeunesse’s acquisition of Monavie continues, with recent promotional efforts suggesting Juenesse is selling affiliate ranks to Monavie distributors.

Our source for today’s story is Calvin Becerra, who credits himself as a “Monavie Presidential Black Diamond and Mynt Founder” on his website.

In a video uploaded to YouTube on May 30th, Becerra mentions a “transition on Monday night”, which would have been June 1st.

This transition would appear to be Monavie affiliates being rolled into Jeunesse. [Continue reading…]

Good news for those of you who’ve been asking about claiming your losses in WCM777, with the Receiver late last week filing a proposed claims process.

Over $20 million will be returned to WCM777 victims, with the Receiver anticipating between 24,000 to 96,000 claims. [Continue reading…]

As part of the civil case against her, Kristi Johnson was required to hand over detailed accounting records to the SEC.

Johnson refused, citing the fifth amendment which permits her to ‘not act as a witness against herself in any proceeding involving a fine, penalty, or forfeiture‘.

Last week both Johnson and Troy Barnes filed their respective formal responses to the SEC lawsuit against them, unfortunately with much of the same. [Continue reading…]

There is no information on the Profits25 website indicating who owns or runs the business.

The Profits25 website domain (“profits25.com”) was registered on the 25th of March 2013, however the domain registration is set to private.

Further research reveals that Profits25 is likely being run out of France.

The Profits25 website is hosted by a French company. and much of the Profits25 promotional material available is also in French.

Alexa meanwhile currently estimate that 35.3% of traffic to the Profits25 website originates out of France. Italy (8.7%) and Belgium (6.5%) round out of the top three sources of traffic, indicating Profits25 is being marketed primarily in neighboring European countries.

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…]

iTravelParty operate in the travel MLM niche.

The company provides a map of Belize on the “contact us” page of their website, suggesting that might be where they are registered. Note however that no actual corporate address is provided.

Identified as the CEO of iTravelParty on their website is Daniel Butts (right).

Butts first appeared on BehindMLM as the co-founder of Rocket Cash Cycler, a Ponzi scheme launched in 2013.

Rocket Cash Cycler saw investors deposit $315 and get paid a $5300 ROI once enough subsequent positions had been invested in.

Prior to RocketCashCycler Butts launched EZ Wealth Formula, which saw affiliates charged $84 to join and paid to recruit new affiliates.

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

We were anticipating Thai police to finally file a criminal case report sometime today, but unfortunately it’s been announced the report will be delayed.

Citing the complexity and scope of the uFun Club investigation,Thai police are now predicting the report will be submitted to prosecutors on June 15th (two Mondays away). [Continue reading…]

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

The FriendString website domain (“friendstring.com”) was registered on the 9th of July 2014, listing an “Enrico Villanueva” as the owner. An address in Davao City, Philippines is also provided.

The same name was used to promote AdReverts earlier this year, and Ads Davao back in 2013.

Both AdReverts and FriendString use the same nameservers, strongly suggesting both domains have the same owner.by the same owner.

Both Ads Davao and AdRevers were Ponzi schemes which have since collapsed, with FriendString appearing to be the admin’s latest scheme.

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