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…]

Earlier this month the Department of Justice had requested that the SEC’s civil litigation against DFRF Enterprises be stayed.

The SEC didn’t oppose the motion, but took no position either way.

Now, in orders issued a few days ago, we can reveal that the SEC’s civil litigation against DFRF Entprises has indeed been stayed. [Continue reading…]

“Why can’t you be more like BusinessForHome?”

About once a month, sometimes more, sometimes less, I get asked the above question or a derivative of it.

The implication behind the question is that I tend to focus purely on what is perceived to be “negative” viewpoints, which is reflected in the content published on BehindMLM.

And that’s a fair call.

While I don’t perceive information strictly in a positive and negative sense, by far the bulk stories we cover would probably fall in the latter category.

I assure you however this isn’t by design. I’m far from running around the internet intentionally digging up stories that paint the MLM industry in the worst light possible.

Rather that’s the nature of a free press. It’s “news”, it’s what we report on. Information that goes deeper than what’s evident on the surface is what people want to read about.

As an MLM blogger I see my role in the industry as keeping readers informed. To me personally, that doesn’t equate to republishing spammy press-releases or working in cahootz with MLM companies to publish advertising material.

I wish I could say the same about other bloggers in the MLM niche. [Continue reading…]

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

The AdMatrixProfits website domain (“admatrixprofits.com”) was registered on the 26th 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 CashTime 1 website indicating who owns or runs the business.

The CashTime 1 website domain (“cashtime1.com”) was registered on the 6th of September 2015, however the domain registration is set to private.

Further research suggests CashTime 1 is being operated out of Brazil.

For starters the first language offered on the CashTime1 website is Portuguese, represented by a Brazilian flag. YouTube videos on the CashTime 1 YouTube channel mention a “global meeting” in Rio de Janeiro a month ago, with most of the other videos uploaded being in Portuguese.

Additionally, Alexa currently estimate that 76.8% of all traffic to the CashTime 1 website originates out of Brazil.

Given this, it is extremely likely that the admin(s) of CashTime 1 are also based in Brazil.

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…]

Frustrated with the FTC’s “all or nothing” interpretation of the court-ordered preliminary injunction, Vemma sought to bypass regulatory approval through a court filing.

Whereas the FTC maintained that no commissions should be paid out unless 51% of affiliate sales are to retail customers, Vemma instead wanted to adopt a pro-rata model.

This would see affiliates who failed to generate 51% retail sales volume paid pro-rata based on whatever percentage their retail volume was.

The problem as I saw it with this model was that it technically would permit Vemma to continue running a product-based pyramid scheme, based on revenue flowing into the company.

If on average say only 40% of affiliate sales revenue was retail, Vemma as a company would still be sourcing the majority of company revenue from affiliates as opposed to retail customers.

And this is pretty much the same way the FTC saw it:

The FTC objects to Vemma’s proposed compensation plan on the grounds that it still incentivizes recruitment of Affiliates over retail sales in violation of the Preliminary Injunction and the FTC Act.

Specifically, the FTC argues that the 51% Rule is an insufficient anti-pyramiding safeguard because it provides an Affiliate significant compensation even if most of the Affiliate’s sales are to downstream Affiliates, not Customers.

A broader issue is also that Vemma’s revised compensation plan potentially sees the company operate against the spirit of the preliminary injunction, which sought to eliminate recruitment revenue beating out retail.

The matter went to court on October 21st, with Judge Tuchi reserving his judgment.

That judgement was published earlier today, with Tuchi ruling in favor of the FTC. [Continue reading…]

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

The SwisCoin website domain (“swiscoin.com”) was registered on the 15th of September 2015, with Kathrine Harbor listed as the owner. An address in Dublin, Ireland is also provided.

Further research reveals this address belongs to Regus, who sell virtual office space. As such it would appear SwisCoin have no actual physical presence in Ireland.

As for Kathrine Harbor, outside of the SwisCoin domain registration, her name doesn’t appear linked to SwisCoin.

I’m flagging this as highly suspicious, with there being a big question mark as to whether or not Harbor actually exists.

Update 30th July 2016 – The SwisCoin website now claims ‘SCN SERVICES LTD is the company who has launched the SWISCOIN as an official from DUBAI.‘

The CEO of SCN SERVICES LTD is Mr. Dmitrii Zubarenko who is the expert person for the administration of mega companies.

Zubarenko doesn’t appear to have any MLM industry experience. /end update

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