Following the arrest of four uFun Club insiders last Friday, three Malaysian nationals and one Thai national remain at large.

They, along with other uFun Club insiders are believed to be currently hiding out in Malaysia.

Arrest warrants have been issued for

the three Malaysians, Tae Kim Leng, a shareholder and director, Lee Kuan Ming, a director, and Wong Ching Hua, a shareholder and director.

Another Thai Arthit Pankaew who is said to be owner of the company is still at large.

As efforts continue to bring uFun Club’s ringleaders to justice, Thai PBS are reporting that Thai authorities are seeking extradition of the culprits. [Continue reading…]

The uFun Club saga continues, with arrest warrants issued for Athiwat Soonpan and his wife.

Soonpan was a familiar figure on the uFun Club promotional circuit, with his image frequently used to create the illusion of legitimacy.

With ties to the military, the implication was that through Soonpan, uFun Club had the approval of the Thai military. [Continue reading…]

A marketing spiel on the BlueChip Business Bonds website claims that “Bluechip Business Bonds International LLC., was formed in the middle of 2014, by merging of several company experts”.

The BlueChip Business Bonds website domain however (“bluechipbusinessbonds.biz”) was only registered last week on April 6th.

Naturally the domain registration is anonymous, casting doubt on the legitimacy of the company.

Nonetheless BlueChip Business Bonds identify a “Peter Boskin” as their CEO.

A corporate biography is provided for Peter Boskin on the BlueChip Business Bonds website, with further research revealing it to actually belong to NetFlix Founder and CEO, Reed Hastings:

Yes, all whoever is actually running BlueChip Business Bonds did was to remove the “M” from “MBA”. They even left Reeds’ surname visible in the second sentence of the bio.

I wasn’t able to locate where BlueChip Business Bonds stole the photo they’re claiming is Peter Boskin, but it’s pretty much guaranteed he doesn’t exist as represented on their website.

Ditto the remaining corporate staff, who also feature slightly edited bios stolen from unrelated third-party sources.

This reflects poorly on the rest of the information presented on the BlueChip Business Bonds website, with the office registrations (all of which use publicly available stock photos of buildings), company registration information for Belize, the Cayman Islands and Northern Ireland all likely to be bullshit.

So who is actually running BlueChip Business Bonds then?

Alexa estimates that 13% of the traffic to the BlueChip Business Bonds website originates from India, with no other countries listed as significant sources.

Therefore this is probably the work of Indian scammers.

Of note is that the following text:

You do not need to have a bank account, do not have to incur various hidden fees in order to benefit from investing your funds with us. Investing with us is absolutely hassle-free and no paperwork.

Appears on both the BlueChip Business Bonds website and that of MoneyPerfect, a collapsed HYIP scam launched in 2013.

Whether or not the owner(s) of MoneyPerfect are behind BlueChip Business Bonds is unclear. What with all the copy and pasting going on from other third-parties, whether or not there’s a direct relationship between the two schemes is unclear.

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…]

Unexpected regulatory action today with the news that the SEC has sued James Evans, admin of the Ponzi scheme DollarMonster.

Operating from the domain “cashflowbot.com”, DollarMonster launched in late 2010 and saw affiliates invest $2 on the promise of an advertise $4 ROI.

When you invest $2.00, your payment is entered into our system, when someone else makes a spend, you’ll receive $4.00 back. Your $2.00 will always be in the system until it is paid.

Since we don’t promise to pay you 200-300% a day, this site won’t disappear overnight like 95% of other sites.

DollarMonster collapsed shortly after launch, with Evans relaunching the scheme in 2012 as a multi-line cycler.

Subsequent reboots of the scheme would collapse even faster, with DollarMonster relaunching in late 2013 and again in again early 2014.

It was these relaunches that caught the interest of the SEC, with the agency alleging the DollarMonster took in $1.15 million dollars. [Continue reading…]

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

The FlexShare website domain (“flexshare.org”) was registered on the 26th of March 2015, with the information used to register the domain appearing to be false (bogus owner details).

The UK address used to register the domain meanwhile appears to belong to Regus, who sell virtual mailing addresses. As such, FlexShare would appear to exist in the UK in name only.

A marketing video appears on the FlexShare website, which is hosted on a YouTube channel bearing the name “Gabriela Santos Oliveira”.

Further research reveals Oliveira promoting something called GoMLM.

GoMLM was supposed to launch on January 1st 2015, but appears to still be in prelaunch. A message dated April 12th on the company’s website advises;

We are closing the beta testing for the new script tomorrow.

Details on the business model are sketchy, with a marketing blurb on the GoMLM website only confirming that affiliates are paid recruitment commissions five levels deep.

Last year seems to be when Oliveira got involved with internet marketing, with GoMLM marking her entry into the MLM sphere.

A number of other marketing activities are present on her Google Plus profile (clickbank, casino promotion, travel promotion), but nothing further that’s related to MLM.

FlexShare would appear to be Oliveira’s first attempt at an MLM venture. Why none of this information is readily available on the FlexShare website is a mystery.

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

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

The GooBets website domain (“goobets.com”) was registered on the 15th of August 2014, listing a “Pedro Barbosa Filho” of “GooBets LLC” as the owner. An address in the UK is also provided.

I was unable to find any further information on Filho in relation to GooBets. His relationship with the company remains unclear.

Further research meanwhile reveals multiple businesses operating out of the provided UK address, suggesting that GooBets exists in the UK in name only.

Additional evidence supporting this is the fact that the email address used to register GooBets uses a Brazilian domain.

The name of the domain owner, the Brazilian email address used to register the domain and the fact that only Portuguese and English are offered as languages on the GooBets website, strongly indicate the company is being run out Portugal or Brazil.

Of those two, Portugal is the likely candidate, with Alexa estimating that Portugal makes up 19.3% of all traffic to the GooBets website domain. Peru (18.8%) and India (17.8%) round out the top three sources of traffic.

GooBets has what appears to be an official company YouTube channel. In videos uploaded to the channel, a “Miguel Carvalo” is credited as the CEO of the company.

Carvalo appears on the GooBets website as a “main trader”:

Miguel Carvalho is a famous Portuguese trader. His administrative competence and sports prognosis market experience were fundamentals to achieve Goobets Main Trader position.

He started at the trader world in 2004 and since then he is increasing his fame and market recognition.

For reasons unknown, Carvalho is not credited as GooBet’s CEO on their website.

Carvalho being based out of Portugal meanwhile further re-enforces that this is likely where the company is based.

Finally, as far as I can tell, GooBets is Carvalho’s first MLM venture.

Someone you won’t find mentioned on the GooBets website is Augusto Queiroz.

In various GooBets affiliate presentations, Queiroz is identified as the company’s Director of Marketing:

Not surprisingly, given Miguel Carvalho’s evident lack of experience, Queiroz is the driving force behind the MLM side of GooBets.

Two years ago, Queiroz was busy promoting MultiClick:

MultiClick was a Brazilian Ponzi scheme, shut down by regulators in late 2013.

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

Following the arrest of several key uFun Club insiders last Friday, we’ve been tracking a flurry of social media activity across the internet.

After the standard Ponzi calls of calm and quiet subsided, we then began to see disturbing misinformation flood uFun Club investor haunts. [Continue reading…]

Potentially bad news today as the massive scope of the TelexFree Ponzi scheme continues to cause issues with scheduling.

Despite massive amounts of data being sorted through and made available, there’s still sizeable quantities of data either going through the process of production or waiting to be produced. [Continue reading…]

As per the SVM Global Initiative website,

(The) foundation of the SVM Global Initiative is program design for SVM Redesign Your Life America.

(A) non-profit organization to convert abandoned military bases into places to end poverty and homelessness.

The company is founded by Sheila V. Tabarsi (right), who operates it out of the US state of New York. Tabarsi also serves as CEO.

According to Tabarsi’s SVM Global Initiative corporate bio,

Sheila V. Tabarsi, Founder and CEO of Sheila V. & Associates, LLC (New York) and The Marketplace at SV&A, LLC (Costa Rica), is a 4th Generation Native Cherokee/African American Spiritual Life Coach, Universal Life Church Minister, Business and Medical Intuitive with 17 active years of practice performing Clair-empathic healings and various forms of intuitive readings.

A corporate administrative manager, former U.S. Air Force Staff Sergeant and Veteran of the ’91 Gulf War, Sheila V. established SVM ReDesign Your Life America, a non-profit organization to convert abandoned military bases into places to end poverty and homelessness.

Looking forward to working with New York State Senators and United Nations Ambassadors, Sheila V. is hoping to help rebuild the lives of hundreds of thousands of financially disadvantaged people all over the world until poverty no longer exists.

There’s no mention of an MLM background in Tabarsi’s bio, with further research not turning up anything either.

As such I believe SVM Global Initiative is Tabarsi’s first MLM venture.

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

Bring The Bacon Home launched last month and, after less than a month of operation, now appears to have run out of funds.

This has triggered a Ponzi collapse, with BTBH admin Sherilyn Chong confirming the news earlier today. [Continue reading…]