Last we checked in on the Zhunrize Ponzi scheme bust, $70.7 million USD had been recovered and a Receiver put in charge of the company.

Now, after working for over four months to secure funds and establish a claims process through which Zhunrize victims can be compensated, the Zhunrize Receiver has filed his first quarter Status Report for 2015. [Continue reading…]

After first reading David MacGregor’s Motion to Dismiss clawback litigation recently filed against him, my reaction was to wait for a decision on the matter to be made.

For those unfamiliar with MacGregor (full name: David Ian MacGregor Fraser), he was recently sued by Receiver Kenneth Bell for stealing $89,722 from Zeek Rewards victims.

Zeek Rewards was an $850 million dollar Ponzi scheme, shut down by the SEC in August of 2012.

Earlier this morning I read an article covering MacGregor’s Motion to Dismiss over at Patrick Pretty.

In it, MacGregor (right) is described as being a Sovereign Citizen. In my own readings, MacGregor’s Zeek username “sovlife” never clicked.

In any event it’s been my experience that whenever the phrase “sovereign citizen” appears in conjunction with MLM, batshit crazy rhetoric typically follows.

Some individuals who may identify with the word “sovereign” have participated in various fraud schemes, have painted their fellow human beings as slaves (see Frederick Mann) government-owned property (see Kenneth Wayne Leaming) and have expressed an irrational belief that laws do not apply to them.

Other “sovereigns” have made wild claims that they hold diplomatic immunity and thus cannot be prosecuted or are answerable only to Jesus Christ.

And so with that in mind I began my own research. [Continue reading…]

The only mention of the owner of Palonius is the following sentence that appears on the company’s website:

From the Desk of Mr.Alen, CEO PALONIUS

The Palonius domain meanwhile (“palonius.com”) was registered on the 15th of April 2015, however the domain registration is set to private.

“Mr. Alen” hey? Yeah, so I’m going to go ahead and flag that as just a little suspicious.

In all likelihood, Mr. Alen, as represented on the Palonius website, doesn’t exist.

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 FamilyFunCycler website indicating who owns or runs the business.

The FamilyFunCycler website domain (“familyfuncycler.com”) was registered on the 10th of April 2015, with a “Chavez Walcott” listed as the owner. An address in Barcelona, Spain is also provided.

Further research reveals the address provided to belong to a hotel “W Barcelona”, who appear to be the only business on the street listed in the FamilyFunCycler domain registration.

I’m doubtful the FamilyFunCycler is being run out of a hotel, leaving a question mark as to the legitimacy of the domain registration information provided.

The name Chavez Walcott also appears to only exist in conjunction with FamilyFunCycler marketing material.

Of note is that an official FamilyFunCycler Facebook group is linked off the company website, revealing a closed group with three named admins; Goran Krstic (Serbia), Reena Saju (India) and Marie Queen (Spain).

A persusal of Krstic’s Facebook profile reveals marketing material for DigAdz (collapsed Ponzi scheme).

Reena Saju is promoting Super 2×7 (matrix cycler Ponzi) and Marie Queen AdMaximo, which she claims is “a clone of” the My Advertising Pays Ponzi scheme.

Queen has also recently promoted Super 2×7, AdBizCentral (120% ROI Ponzi scheme), Club9xAds ($3 micro Ponzi), BigBangCycler ($10 subscription-based matrix Ponzi), Success Cycler ($25 subscription-based matrix Ponzi), Massive Wealth Cycler ($17 micro subscription Ponzi), Bring The Bacon Home (short-lived Ponzi scheme that collapsed earlier this year), Unison Wealth ($35 matrix subscription Ponzi, has collapsed once already), Union Cycler ($2.50 micro Ponzi) and Cycles 24/7 (cycler-based Ponzi scheme).

Marie Queen seems to be the most active of the three, and being based in Spain would be my guess as to who is behind FamilyFunCycler. Or at least likely working closely with whoever is.

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

There is no information on the Tri-Ads website indicating who owns or runs the business.

The Tri-Ads website domain (“tri-ads.com”) was registered on the 3rd of February 2015, listing a “James Lawson” as the owner. An address in the US state of Delaware is also provided.

A Facebook post on by Lawson (right) on Aprl 30th suggests that he is indeed the owner of the company:

Just put this site in Pre-Launch yesterday… Some promo videos for it…

Another opportunity advertised on Lawson’s Facebook profile is Global Mobile Network. Whether the prelaunch of Tri-Ads means Lawson is no longer involved in GMN is unclear.

Ditto why Lawson’s ownership of Tri-Ads is not provided on the company’s website.

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

When uFun Club accountant Namonpan Thara-bundit was caught attempting to flee Thailand for Laos, she told police that she

tried to quit the business after noticing alleged irregularities in UFUN Thailand and claimed she told UFUN Thailand members in her team of her suspicions.

“UFUN Thailand management then got angry. My account at UFUN Thailand has been suspended. I can no longer conduct any transaction or withdraw any money,” she claimed.

Yet Thara-bundit’s actions over the last few months paint a totally different picture. [Continue reading…]

There is no information on the Nos Web India website indicating who owns or runs the business.

The NOS Web India website domain (“noswebindia.com”) was registered on the 23rd of May 2014, listing a “Mukesh Kumar” of “Nos Web” as the owner.

The address provided in the domain registration is based out of India, however it is incorrectly formatted (multiple Indian states are listed instead of an actual address).

This casts a question mark over whether or not Mukesh Kumar, as represented in the Nos Web India domain registration, actually exists.

What we can safely assume though is that Nos Web India is being run out of India itself. In addition to the company name and domain registration, marketing efforts by affiliates primarily appear to target Indians.

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 Rapid Cycler website indicating who owns or runs the business.

The Rapid Cycler website domain (“rapidcycler.com”) was registered on the 14th of April 2015, however the domain registration is set to private.

“Tim Jacobs” is supposedly signing off on Rapid Cycler affiliate emails, however due to the generic nature of the name this is probably not a real person. At least not in the sense that “Tim Jacobs” is running Rapid Cycler.

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…]

Monavie as it stands is but a shell of its former itself.

Mid 2014 saw founders Dallin Larsen, Randy Larsen and Henry Marsh abandon ship, leaving Mauricio Bellora remaining in charge as CEO.

Buying up debt owed to TSG-MV Financing, Jeunesse pretty much purchased Monavie back in March.

Last Wednesday, not even two months later, it was announced that Monavie had defaulted on the debt. Bellora then revealed that

the board intended to agree to a “strict foreclosure.” That meant MonaVie would voluntarily transfer “substantially all” of its assets to Jeunesse.

In effect Jeunesse would absorb Monavie, above and beyond the acquisition advertised back in March:

Under the ownership of Jeunesse, MonaVie will have a strong financial partner offering them an enhanced balance sheet, significant economies of scale and an efficient operational infrastructure to support the company’s growth plan.

With the support of Jeunesse, MonaVie will continue its planned product rollout and international expansion.

Just one problem…

Monavie’s employees and their not wanting to get completely shafted. [Continue reading…]

There is no information on the HappyHour4YourWallet website indicating who owns or runs the business.

Instead, a blurb in the footer of the HappyHour4YourWallet website reads:

Happy Hour 4 Your Wallet / LLC. Owned by members based in several Countries.

The HappyHour4YourWallet website domain was registered on the 24th of March 2015, however the domain registration is set to private.

Alexa currently estimating that approximately 25% of all traffic to the HappyHour4YourWallet website originates out of India, strongly suggesting that might be where its being run out of (Turkey is second at 7.5%).

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…]