There is no information on the 4×4 Cash website indicating who owns or runs the business.

The 4×4 Cash website domain (“4x4cash.com”) was registered on the 11th of July 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…]

Following a scheduling conference held on August 20th, it looks like it’s going to be a long time before the SEC’s case against Achieve Community goes to trial.

Dates now scheduled are as follows: [Continue reading…]

Last we checked in, MyCenterBid management were baffled by the lack of affiliates lining up to invest in their platform.

Wrote a frustrated management team in 2013:

We hear people say that they will be waiting to take action when the auctions are live.

Why? We’ve said before – why not use this time to learn how everything works and start creating momentum? It’s almost like being in prelaunch where everybody has a huge advantage..

Make sure you take action NOW regardless of fully understanding the compensation plan or not.

There is a lot of new information to read and digest, DO IT NOW! Don’t wait.

NOW is the time you should take action.

A trip to the MyCenterBid website today reveals the domain is parked, which means the company was shut down.

So what are MyCenterBid management up to these days? [Continue reading…]

There is no information on The Wealth Creator UK website indicating who owns or runs the business.

The Wealth Creator UK website domain (“thewealthcreatoruk.com”) was registered on the 6th of May 2015, with an “Eamon McAlinney” listed as the owner. An incomplete address in London, England is also provided.

Circa 2013, McAlinney was pushing various HYIP scams through his Google Plus profile. One such advertisement for Rubicon Invest reads “Earn 1.5% daily for 100 days with Rubicon Invest”.

On the MLM front McAlinney has been an affiliate with All In One Profits (cash gifting) and My Fun Life (recruitment-driven travel scheme).

As an admin McAlinney (right) has been putting together HYIP schemes (or trying to) since at least 2012:

May 16, 2012 at 4:08 pm

Eamon McAlinney says:

Hello, I am interested in purchasing a 2% daily ad share website. I will probably be wanting it next week sometime along with hosting.

I wasn’t able to find anything recent on McAlinney’s involvement in MLM, suggesting The Wealth Creator UK is his first venture in some time.

Read on for a full review of The Wealth Creator UK MLM business opportunity. [Continue reading…]

The key to a successful Ponzi scheme is getting people to invest, withdrawing their money and then leaving them in a lurch.

Tons of a victims, a handful of early investors profiting – you know how it goes.

One of the issues dampening efforts to rip people off is that with the traditional Ponzi schemes, ROIs are paid out on a schedule – to everyone.

Yes earlier investors still make off with the lion’s share, but mid to late investors also get a few dollars too (not nearly enough to cover their initial investments though).

Is there a way to address this “problem” and maximize admin and early adopter profits?

For the answer one only need look as far as a recent OneCoin webinar. [Continue reading…]

Rising Money are set to launch later this month and operate in the advertising MLM niche.

Jang Bahadur Singh is credited as the admin of the opportunity, with the Rising Money domain registration listing an address in New Delhi, India.

Singh (right) appears to have been navigating the MLM underbelly for a while now, with his Facebook profile revealing he is a member of several suspect groups.

Opportunities with advertising lines such as “Turn $11 into $34,538,030 in 90 days” and “TURN $1 TO A MILLION DOLLAR!!!” are featured, among other groups openly advertising various HYIP and cash gifting schemes.

Likely having lost money as an affiliate in these schemes, Singh is now trying his hand at playing admin.

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

Unascos activity around the world has all but stalled.

With over fifty uFun Club arrests in Thailand, China quieting down following arrests earlier this year, nothing much happening in Malaysia and efforts to expand into Samoa thwarted, things are pretty quiet out there.

Now in an effort to relive the theft that took place through uFun Club, in a new video Unascos claim to be “exploring a new market in Indonesia”. [Continue reading…]

A settlement with Fidelity Cooperative Bank has seen some $2.9 million returned to TelexFree investors.

The investors in question are from Massachusetts, with the $2.9 million figure carved out of a $3.5 million dollar settlement. [Continue reading…]

Last year when the SEC moved to shut down TelexFree, Sanderley Rodrigues was hit with a temporary restraining order. This was later converted into a preliminary injunction, which saw Rodrigues barred from committing acts of fraud.

What Rodrigues thought a ban on acts of fraud meant is unclear, but soon enough Rodrigues was back to scamming people through iFreeX.

Seeking to hold Rodrigues accountable for repeatedly violating the terms of his preliminary injunction, the SEC have now asked that he be found in contempt. [Continue reading…]

Following similar charges filed against Lyoness in Australia, five Lyoness investors have now been charged with conducting pyramid scheme fraud in Greece.

At this stage only three of the investors have been named, Herbert and Anna Teissel, two Austrians and Fokion Fountoukidis, a Greek national. [Continue reading…]