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…]

Whether or not they reached out to Dubli or not is unclear, but yesterday BusinessForHome published an interesting “statement from Dubli corporate”.

The statement is in response to a YouTube video featuring WUKAR’s Matt Trainer, published last week.

In the video Trainer (right) alleged a number of representations were made to him by Dubli corporate, none of which materialized. Trainer asserted that Dubli management were liars.

In their response via statement to BusinessForHome, Dubli corporate countered with the following: [Continue reading…]

Things were pretty quiet last month reporting wise on the Samoan uFun Club fraud case, however we did get an update yesterday on the current case status.

Through their participation in uFun Club and recruitment of local Samoan investors, Nicolas Giannos, Rosita Stanfield and an unidentified 74-year-old Pastor were initially charged with seven counts of “receiving money by deception”.

Five of those counts have since been withdrawn, with the reason why not entirely clear. [Continue reading…]

Possibly hoping that, if he can’t be found, he might escape facing up to his part in defrauding investors of $850 million dollars, Oscar Hubert Brown is on the run.

With the 120 day deadline to serve Brown looming, the Zeek Receiver has requested additional time to track him down. [Continue reading…]

Interesting times ahead, with Canadian Zeek Rewards net-winners now facing an April 2016 trial.

Together, Catherine Parker, Xiaomei Wang, Beverley Dawn Trca-Kitchen, Bin Xu, Joel Broughton, Feng Guang Wu, Don Fitz-Ritson, Ruth Konig, Buan Jun Zhang, Leon Killam, Guo Hua Liang, Sandra Gavel, Yong Sheng Wang, Devey Dejong, The estate of Bruce Richard Foeller, Brian Fussey, Shao Zhang Huang, James Macelwain, Eugene Veinotte, 0937702B.C. LTD, Michael Gallup, Jia Yu Wang, Ying Liu, Jane Ferguson, Zahid Ali and Mei-Ping Liang made off with $2.91 million of Zeek victim’s funds. [Continue reading…]