As per the uFlip website:

UFlip is a company officially launched in August 2015.

The registered office of the Company and the operational office is located in Montreal, Canada.

Unfortunately that is the only information about the company provided, with there being nothing further as to who owns or runs the business.

The uFlip website domain (“uflip.ca”) was registered on the 17th 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…]

The battle between Zeek victims and those who stole $1000 or more from them inches closer to resolution, following a proposal to appoint legal counsel.

If approved, Zeek Rewards $1000 or more in winnings net-winner class will be represented by Kevin Edmunson. Edmunson was representing Aaron and Shara Andrews, Rhonda Gates and Innovation Marketing LLC – all Zeek Rewards net-winners. [Continue reading…]

Lyconet are gearing up to release what they’re calling “Customer Cloud” in Europe.

The basic idea is that “organizations” sign up to Lyoness and in turn sign up shoppers (typically members of the organization).

Through Lyconet’s “Cloud Sponsor” program, shopping points generated by the shopping activity of these members are allocated to Lyconet Premium affiliates.

The Customer Cloud in itself isn’t a problem, but qualification for shares in the Cloud Sponsor program do raise unregistered securities concerns. [Continue reading…]

Following court-approval to establish a victim claims process, news from the WCM777 Receiver that a claim portal has been established.

This means that those who lost funds in WCM777 can file a claim against their losses. [Continue reading…]

In direct response to Vemma’s raised objections to a preliminary injunction being granted next Tuesday, the FTC filed an “omnibus reply” late Friday.

In their reply the FTC cover the reclassification of affiliates as customers, the focus of the Vemma business opportunity, pay to play concerns within the Vemma compensation plan, the failure of Vemma’s anti-pyramid compliance policies, deceptive income claims and “woefully inadequate” disclosures.

Below you’ll find each of the FTC’s responses, along with my own commentary. [Continue reading…]

At the core of the FTC’s pyramids scheme case against Vemma is the issue of a lack of significant retail activity, along with deceptive income claims.

Thus it was surprising that one of the first moves we saw Vemma’s attorney’s make, was to solicit affidavits from the general public.

To this day I don’t know what they have to do with demonstrating Vemma has significant retail activity, or that the income claims they made weren’t deceptive.

(Vemma) suggest that because they have some satisfied consumers, they cannot be found to have violated Section 5 of the FTC Act, 15 U.S.C. § 45(a).

However, several federal cases have held that the existence of “satisfied” customers is not a defense under the FTC Act.

Turns out neither do the FTC… [Continue reading…]

Income Disclosure Statements have become somewhat of a joke these last few years.

Rather than present the general public with an accurate snapshot of the business, MLM companies instead seek to manipulate the data such that they exclude as many affiliates as possible.

Here’s Lyoness doing it in 2012 and Empower Network and Herbalife in 2013. They’re hardly the only ones mind, with the practice now fully entrenched across the board.

So why are MLM companies manipulating the data to exclude affiliates?

The reason is to downplay affiliate losses and artificially bump up retail sales revenue. At the most egregious end of the manipulation scale, companies like Vemma even go so far as to reclassify affiliates who haven’t recruited affiliates as retail customers.

This despite said affiliates signing an affiliate agreement that makes them part of the income opportunity.

Enter the FTC, who are looking to put an end to MLM Income Disclosure Statement deception. [Continue reading…]

Founded in 2004, WellStar is based out of Germany and headed up by Founder and CEO, Christian Weisner.

Utilizing his vast specific expertise, Christian founded WellStar in 2004 and has been heading the company since then as CEO and Chief Strategist.

Kari Wahlroos joined WellStar in 2014. Rising to the rank of Crown Ambassador and frequently cited as a “top leader” of WellStar, Wahlroos recently departed the company.

That prompted Weisner to turn around and accused Wahlroos of “criminal behaviour”. [Continue reading…]

Following a the publishing of a now-deleted video, in which Tony Rush, Randy Schrum, Kristian Hoenicke and John Lavenia sat around a table and jovially announced they would not be attending the next Dubli event, now news that Dubli has terminated the four Vice-President ranked affiliates.

All is not what it seems though, with Rush, Schrum, Hoenicke and Lavenia claiming the terminations only came about after multiple attempts to resign. [Continue reading…]

Following encouragement from Arcadia City Manager Dominic Lazzaretto, suggesting USFIA investors contact Arcadia Police Department, several investors have taken him up on his advice.

Armed with banners similar to those that caused the cancellation of a USFIA Ponzi gala late last month, USFIA investors stormed Arcadia Police Department and called for the arrest of Steve Chen. [Continue reading…]