There is no information on the No Clicking Shares website indicating who owns or runs the business.

The No Clicking Shares website domain (“noclickingshares.com”) was registered on the 9th of October 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 BitCoin Extreme website indicating who owns or runs the business.

The company does have an “about us” page on their website, but only the following vague marketing spiel is provided:

Bitcoin Extreme is a privately owned company operating on the Bitcoin exchange or trade market.

Founded in 2015 and managed over $1.5 million institutional investments which is now open to individual investors worldwide.

The BitCoin Extreme website domain (“btcxtreme.com”) was registered on the 8th of October 2015, however the domain registration is set to private.

There is mention of a “Philippines Payment Gateway” on the BitCoin Extreme website, and the official BitCoin Extreme Facebook page posts are written in Filipino.

This strongly suggests that whoever is running BitCoin Extreme is doing so out of the Philippines.

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…]

A year ago World Ventures lost their Norway appeal, which saw the ruling that World Ventures is a pyramid scheme upheld.

Six months later Steinar Husby, WorldVentures’ “official spokesperson” in Norway, told local media that the company was going to sue Norwegian authorities.

That was June 2015 but to date no legal action on behalf of World Ventures has surfaced.

Today if you try to visit the WorldVentures backoffice of a Norwegian affiliate, the following message is displayed:

At the present time, WorldVentures has temporarily ceased business operations in Norway.

Regrettably, this means that WorldVentures will not accept the enrollment of new Representatives or DreamTrips members in Norway.

If you are an existing Representative in Norway, please cease any activity promoting the WorldVentures business and products in all markets at this time.

Despite this ban being in place since December 2014, apparently it doesn’t apply to Steinar Husby. [Continue reading…]

There is no information on the Double Triangle Matrix website indicating who owns or runs the business.

The Double Triangle Matrix website domain (“doubletrianglematrix.org”) was registered on the 29th of April 2015, with “Vladimir Stojanovic” of “Global Profit system LTD” listed as the owner.

An address in London, UK is also provided, however further research reveals this belongs to a mail forwarding service.

As such it appears Double Triangle Matrix has no physical presence in the UK.

The default country for new signups for Double Triangle Matrix is Croatia.

The default language for the Double Triangle Matrix website is Croatian, as are all the posts made to the official Double Triangle Matrix Facebook page.

This strongly suggests that Stojanovic is likely operating Double Triangle Matrix out of Croatia itself, or failing that somewhere in Europe.

Possibly due to language-barriers, I was unable to put together Stojanovic’s MLM history.

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…]

When they started is unclear, but the Swedish Gaming Board recently concluded an investigation into Kyani.

For those unfamiliar with the company, Kyani launched in 2005 and claim to combine ‘the world’s most powerful Superfoods to create the most compelling nutritional supplements in the industry‘.

The word “Kyäni” itself means “strong medicine” in Tlingit, spoken by the Tlingit people of Southeast Alaska and Western Canada.

As per a press-release issued on the 29th of October, 2015, the Swedish Gaming Board announced they have [Continue reading…]

Citing a “harsh economic climate”, a few days ago LiveSmart 360 announced that it was permanently closing its business operations.

As per a LiveSmart 360 affiliate communication sent out on October 30th: [Continue reading…]

Agel launched in 2005 and are based out of the US state of Utah.

The company was initially founded by Glen Jensen, who was kicked out in 2010

Why depends on who you talk to.

Jensen himself (right) maintains he was the victim of a “hostile takeover“:

A Venture Capital company took a minority share in 2005 to finance the amazing growth. In June 2007 I paid them 100% back.

However Agel continued to grow fast from $8 million per month in August to $12.5 million in September 2007, basically growing from $100 million to $150 million a year with all signs of even higher growth figures.

So I teamed back up again with the Venture Capital (VC) Company. They wanted me to slow down the growth of Agel, which in my opinion, was a very bad decision.

The problem with these Venture capitalists is that they have minimal understanding of the Network Marketing Industry and did not understand how precious momentum is.

They insisted on, and demanded control. Until that point, I was in control, but now the VC controlled 2 of 3 Board seats and my ownership units were dropped below 50%.

In late 2010 the VC insisted on closing 12 countries with $47 million in revenue. I could not accept this, so the VC decided to replace me.

We are still in a legal battle over this decision.

Well-known MLM attorney Kevin Thompson, reported that Jensen violated his employment agreement:

On December 22, 2010, Agel filed a lawsuit against its CEO, Glen Jensen. Basically, the lawsuit alleges that Jensen violated the employment agreement by allegedly leveraging his position with Agel to build a competing company.

The lawsuit levies some serious allegations. According to Agel, they’re arguing that Glen was looking to split the company and take some key leaders to another opportunity.

Agel explicitly accused Jensen of lying to the company, conspiring against the company, abusing his authority as CEO and misusing company funds.

The specifics of litigation between Jensen and Agel is unclear, save to say that from 2010 onwards, Jensen has publicly had nothing to do with Agel.

In place of Jensen two CEO’s run Agel, Jeff Higginson and Jeremiah Bradley (both credited as “co-CEO” respectively).

Bradley (right) appears to have been with Agel for his entire professional career, with his Agel corporate bio stating:

Jeremiah Bradley started with Agel Enterprises from the beginning after finishing his college degree in International Studies at Brigham Young University.

Higginson (right) meanwhile worked as an auto salesman before getting involved in Agel. Prior to his appointment of co-CEO, Higginson was Agel’s Executive Vice-President of Global Sales.

Both have been involved in Agel since its inception back in 2005.

In 2013 Agel was acquired by CVSL for an undisclosed amount, with Agel continuing to function as a stand-alone company.

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

Following the disappointment of an FBI affidavit revealing Genesis Acquisitions affiliates have “no chance” of recovering invested funds, some respite today with the news William Apostelos is facing criminal charges.

Apostelos, who with his wife Connie orchestrated a $70 million dollar Ponzi scheme through WMA Enterprises and Midwest Green, was indicted on thirteen counts of wire fraud. [Continue reading…]

To date the crowdfunding MLM niche has been nothing more than a front for cash gifting.

Affiliates sign up, gift participation fees to their upline (the affiliate who recruited them), which in turn qualifies them to receive participation fees (gifting payments) from subsequent participants.

This is usually wrapped around “donating to a cause” or some such, when in reality the funds “donated” are paid to earlier participants, in true cash gifting fashion.

In an attempt to curb the lack of regulatory clarification such schemes operate in, the SEC earlier today announced the introduction of specific rules pertaining to crowdfunding investment. [Continue reading…]

When Options Rider first launched, the company claimed to be ‘authorized and regulated by the New Zealand Securities and Exchange Commission‘:

This turned out to be a load of baloney, primarily because there is no New Zealand Securities and Exchange commission.

The securities regulator in New Zealand is the Financial Markets Authority, who play a ‘critical role in regulating capital markets and financial services in New Zealand’.

In responding to a query asking whether or not Options Rider were indeed registered as a financial services provider in New Zealand, the FMA responded that Options Rider

is not registered on the Financial Service Providers Register (FSPR) or regulated as a financial service provider in NZ.

Evidently that clarification wasn’t enough, with the FMA publishing an official Options Rider warning on their website. [Continue reading…]