Sometime recently the Autoriti Monetari Brunei Darussalam (AMBD) received information ‘regarding some individuals and companies fraudulently claiming on social media that AMBD supports or approves their financial products.‘

It appears after investigating the information, the AMBD felt it necessary to issue a second cautionary against investing in uFun Club. [Continue reading…]

There is no specific information about who owns or operates GoBig7 on their website, but it is possible to work out with a little research.

As per the GoBig7 Terms and Conditions;

This offering is a contract between you the buyer and our business, the seller.

The seller is located in Nashville, Tennessee, U.S.A. and by doing business with us you agree that this offering is made from Nashville, Tennessee, U.S.A. and shall be governed by the laws of the State of Tennessee and the U.S.A..

Alrighty, so whoever is running GoBig7 is located in Tennessee.

But then the footer of the GoBig7 T&C states this:

Copyright 2003-2015 InternetMarketingLawProducts.com for World Light Ltd Direct all correspondence to World Light LLC, a public relations firm for World Light Ltd. in Seychelles.

So uh what? GoBig7 is copyright another website called “InternetMarketingLawProducts”, with any correspondence to be sent to a PR firm with an almost identical name to the client it claims to represent, who are based out of Seychelles?

Riiiiiiiiiiiight.

Further research reveals World Light LLC operates out of Tennessee, with Michael Dodd (as Mike Dodd) listing himself as the Director and Manager of World Light Ltd on his LinkedIn profile.

What all this nonsense about being in Seychelles is I have no idea.

Other than association through World Light LLC however, Dodd  doesn’t appear to want anyone to know he’s involved in GoBig7.

The GoBig7 website domain is set to private (registered on the 24th of April 2015), and Dodd’s name doesn’t appear anywhere on the company’s website.

World Light LLC and Dodd (right) first appeared on BehindMLM’s radar when we reviewed Penny Matrix back in 2012.

Penny Matrix was a $7 a month matrix-based recruitment scheme. The Penny Matrix website is still online today, but Alexa traffic estimates suggest there is little to no activity at the site.

But while the extent to which Penny Matrix has collapsed might not be clear, what is clear is that Dodd has moved on with GoBig7.

And the first thing you’re probably going to notice is that GoBig7 is another matrix-based company.

Read on for a full review of the GoBig7 MLM business opportunity. [Continue reading…]

There is no information on the My Amazing Life website indicating who owns or runs the business.

The My Amazing Life website domain (“myamazinglife.org”) was registered on the 8th of June 2015, listing a Thomas Sullivan as the owner. An address in Perth, Australia is also provided.

Sullivan first appeared on BehindMLM’s radar as the admin of ProfitAdz, a Ponzi pyramid hybrid that advertised 200% ROIs on $10 investments.

ProfitAdz collapsed shortly after launch, with Sullivan having previously launched PowerOf3 (recruitment-driven pyramid scheme) and AdzPays (another 200% ROI Ponzi scheme) before it.

After lying dormant for a few years, it appears Sullivan is back with the launch of a new company.

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

There is no information on the Online Media Gold website indicating who owns or runs the business.

The Online Media Gold website domain (“onlinemediagold.com”) was registered on the 12th of May 2015, however the domain registration is set to private.

Pretty much all of the affiliate advertising for Online Media Gold online is in Russian and Portuguese, with Alexa estimating that 41.8% of all traffic to the Online Media Gold website originates out of Brazil. Russia is a close second at 35.1%.

Given that Portuguese is spoken in Brazil, it’s highly likely that Online Media Gold is being run out of either Brazil or Russia.

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…]

Catherine Parker, a Canadian Zeek Rewards affiliate, stole an alleged $179,656 from Zeek Rewards victims.

This earned her a spot in the Receiver’s lawsuit against top Canadian Zeek Rewards affiliates, filed back in November of last year.

Following a lack of response, the Receiver filed for default judgement against Parker in December.

The request was granted in January, with Parker up for a total of $213,953 ($179,656 requested plus $34,297 in interest).

Now, some six months after default judgement was entered against her, Parker has written to the North Carolina District Court… and she sounds pissed.

Grab some popcorn folks… [Continue reading…]

BehindMLM first reviewed Unetenet back in 2013, identifying it as a Ponzi investment scheme.

Back then “franchises” were the ruse, with Unetenet affiliates investing between $360 and $9000 on the promise of advertised weekly ROIs.

At some point a cryptocurrency was attached to the scheme, referred to as the “Unete”.

Unete, a digital currency that could be used to buy and sell things on the internet. It would be worth one US dollar, and serve as a way of avoiding the ups and downs of the currency market.

Outside the control of any government or financial institution, it was launched in 2013.

Affiliates had funds they’d already invested along with new investments converted into these Unetes… and that’s when things began to fall apart. [Continue reading…]

No word on why submission of the criminal report was again delayed, but Thai police are now claiming it will be submitted this Friday.

The 400 page report is based on over 300,000 pages of evidence, put together by over 60 investigating officers. [Continue reading…]

One last delay in the uFun Club Ponzi case in Samoa, as prosecutors work to finalize their case against uFun Club investor Nicolas Giannos.

Giannos was arrested earlier this month, as he attempted to flee Samoa with Rosita Stanfield (another uFun Club investor).

The two had been marketing uFun Club in Samoa since early May, with an attempt to transfer over $100,000 out of the country alerting authorities to their conduct.

The case being but together by prosecutors against Giannos and Stanfield continues to grow, as more and more Samoan uFun Club victims present themselves to authorities. [Continue reading…]

Other than a PO Box address in Panama (which belongs to a domain registration company), there is no information on the MoneyCashFlowSystem website indicating who owns or runs the business.

The MoneyCashFlowSystem website domain (“moneycashflowsystem.com”), was registered on the 21st of April 2015, however the domain registration is set to private.

Alexa currently estimates that 38% of traffic to the MoneyCashFlowSystem webstite originates out of India, with Germany the second largest source at 23.9%. This strongly suggests it is either India or Germany that MoneyCashFlow system is being operated out of.

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 BitHashCycler website indicating who owns or runs the business.

The BitHashCycler website domain (“bithashcycler.com”) was registered on the 27th of April 2015, however the domain registration is set to private.

Alexa currently estimates that some 85.4% of traffic to the BitHashCycler website domain originates out of India, strongly suggesting that this is where the BitHashCycler is being run out of.

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…]