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…]

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

The Rocking Residual website domain (“rockinresidual.com”) was registered on the 4th of March 2015, with a “Steve Thompson” listed as the owner. A residential address in the US state of South Carolina is also provided.

Further research reveals Thompson (right) is an affiliate with Globally Positioned Partners, who market CeraCoat products in the US.

Various dubious opportunities have been “liked” by Thompson through his Facebook profile, including Profitable Sunrise (Ponzi scheme), Four Corners Alliance Group (recruitment-driven pyramid scheme) and 5 Dollar Funnel (matrix-based Ponzi scheme).

The extent to which Thompson was involved in those opportunities however is unclear.

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

Last we checked in Sanderley Rodrigues was scheduled in for an initial appearance hearing on the first of June.

Rodrigues was arrested early last month for visa fraud, with a hearing on the 21st of May seeing him released on a $200,000 bail.

After nearly a fortnight out on bail, the hearing on the first of June saw the issue of Rodrigues not being able to meet his bail conditions. [Continue reading…]

After a series of delays, news today that the Thai police investigation into uFun Club is now complete.

The report has been finalized and will be handed in to the Public Prosecutor’s Office later today (Tuesday 23rd June). [Continue reading…]

Zeek Rewards figure Robert Craddock was indicted on charges of wire fraud back in March.

This was followed by an arraignment in April, which saw Craddock plead not guilty.

Now news that earlier this month Craddock has changed his tune and plead guilty to two counts of wire fraud. [Continue reading…]

Overnight promotional material has been circulated among uFun Club investors, suggesting the scheme is looking to open up a Unascos office in Melbourne, Australia.

An opening ceremony has been announced as being scheduled for the 1st of August:

The opening coincides with plans by uFun Club to announce a nickel mining project in Australia on the 2nd. [Continue reading…]

Following an investigation and court-approved declaration that World Ventures is a pyramid scheme, the company was forced to shutdown operations in Norway.

This, claims affiliate Steinar Husby, has cost World Ventures “many millions in Norway and abroad”.

Husby, credited as the official spokesperson for World Ventures in Norway, joined the company back in 2010.

Desperate to get back to getting paid to recruit new World Ventures affiliates, Husby recently told Norwegian media he ‘forecasts that World Ventures is going to bring proceedings against the Norwegian State.‘

…again!? [Continue reading…]

OXO Worldwide launched in 2013 and operate in the health and wellness MLM niche.

For reasons unknown, OXO Worldwide do not list where they operate from on their website (or any social profiles that I could see).

An address in the US state of Nevada is provided in OXO WorldWide’s Privacy Policy, however further research reveals this to be a virtual mailing address provided by Regus.

In this same Privacy Policy, OXO Worldwide claim to be “owned and operated by OXOgenix International Ltd”. The website address provided in the policy for OXOgenix International however points right back to the OXO Worldwide website, so I’m not sure what’s going on there.

In any event OXO Worldwide list Douglas Yates (right) as President and Chief Operating Officer.

As per Yates’ OXO Worldwide corporate bio;

Over the past few years, he has spent more than $450,000 on training and tools, learning from some of the top leaders in the more one billion dollar Internet Marketing industry.

Moreover, Douglas has lead or participated in many product launches, usually generating more revenue in a single launch then the product(s) sold the previous year.

The only MLM opportunity I was able to peg Yates to was something called Global TV Studios, circa 2012.

Yates is credited as Global TV Studios’ “Office Director”, with the company itself appearing to have marketed a video editing tool.

Global TV Studios will offer some of the most amazing HD Video and Audio Technology products ever sold through the network marketing industry.

Not exactly sure what happened there, but the opportunity appears to have flopped and Global TV Studios is not around today.

A year later Yates went on to launch OXO Worldwide.

Of minor note is that Global TV Studios’ “Senior Executive Director”, Steve E. Smith, is credited as OXO Worldwide’s Master Distributor today. Whether or not any other Global TV Studios executives joined Yates in OXO Worldwide is unclear.

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

Prior to its release, Carlos Costa and the rest of the TelexFree troupe were confident the court-ordered Ernst & Young audit would prove TelexFree wasn’t a $1.8 billion dollar Ponzi scheme.

After a series of delays, the audit finally dropped earlier this year in February.

After months of independent investigation and poring over TelexFree data, Ernst & Young concluded that there was evidence of a Ponzi scheme.

TelexFree were quick to dismiss the conclusion, declaring the report to be “full of errors and inconclusive”.

Accusing TelexFree of creating “social unrest”, Acre’s Public Prosecutors then asked the court to release the report, so that the general public might read it and make up their own mind.

TelexFree vehemently opposed the report being made public, arguing that the contents of the report were “protected by tax secrecy” and full of mistakes.

Judge Thais Borges rejected the argument, later going so far as to declare E&Y’s audit report was indeed conclusive.

That was back in April, with TelexFree’s latest ploy now again seeking to discredit the audit. [Continue reading…]