If you don’t know who Geosol are, they’re based out Brazil and claim to be

a company that started its activities in the summer of 53 in coal mines, and became a world leader in drilling services.

It is these drilling services that DFRF Enterpises CEO and Founder, Daniel Filho, claims to have previously hired the company to perform. [Continue reading…]

We’d heard rumblings of a meeting between Thai and Malaysian police supposedly taking place either earlier today or yesterday, but as of yet no further news had materialized.

Speaking to Thai media from the Malaysian embassy in Bangkok, Counselor Fauzi Khan Ismail has announced that Malaysia is finally set to begin investigating uFun Club.

About bloody time! [Continue reading…]

There currently no information on the Let Us Close website indicating who owns or operates the company.

The website does have an “about us” blurb, however only the following vague marketing spiel is provided:

LUC Team

The Let Us Close Team is a group of marketers that came together with one purpose: to create the ultimate home business opportunity.

The Let Us Close website domain meanwhile was registered on the 25th of March 2015, however the domain registration is set to private.

Not much to go on… but here’s what else I was able to find. [Continue reading…]

After lying dormant in the MLM sector following the flop of their penny auction model some years ago, Dubli exploded back on the scene mid last year.

Seemingly out of nowhere, I remember being bombarded with requests to review “the new Dubli”, as well as there being a healthy discussion around the opportunity at the time.

Unfortunately upon closer inspection, what we found was a recruitment-driven orgy taking place.

Spearheaded by affiliate leaders who were paid large amounts of money to join, Dubli affiliates paid up to $12,000 and earned commissions when they recruited new affiliates who did the same.

Alas this turned out to be short-lived. Once Dubli’s leaders had made hundreds of thousands of dollars off of the recruitment that took place between August and October, Dubli changed their compensation plan and pulled the ladder up after them.

What came next was a binary-based business model which, as I understand it, tanked.

Just how badly did Dubli’s bait and switch fail? [Continue reading…]

There is no information on the Micro Shares website indicating who owns or operates the company.

The Micro Shares website domain (“micro-shares.com”) was registered on the 13th of June 2014, however the domain registration is set to private.

Whoever is running Micro Shares is likely based out of Russia, with Alexa currently estimating that 75.8% of all traffic to the Micro Shares website originates out of Russia. Neighboring Ukraine accounts for 8.8%.

Also supporting Micro Shares being run out of Russia are the two available language options on the company website, Russian and English.

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 Excelerated Leverage website indicating who owns or runs the business.

The Excelerated Leverage website domain (“exceleratedleverage.com”) was registered on the 18th of February 2015, however the domain registration is set to private.

Further research reveals an individual going by the name of “Lance” on social media, who claims to be the admin of Excelerate Leverage.

This individual links to an official Excelerated Leverage Facebook group, with eleven individuals listed as admins.

One of those admins is “Lance Locke”, who appears to be the owner/admin of the company.

In his efforts to market Excelerated Leverage, Locke shares some other opportunities he’s been involved in:

I was also a member of JustBeenPaid and Wealth4All. I made incredible money in both. Since you are already familiar with the W4All business model, you already know how  incredible it is.

I’ve adopted the same business model, but with out all of the mistakes that they made.

JustBeenPaid was a Ponzi scheme that’s gone by a few names. Everytime funds ran out to pay new investors with they simply changed the name of the scheme.

The JustBeenPaid iteration of the scam was prolific in 2010. It collapsed in early 2011 and was renamed JSS Tripler.

The scheme is still kicking around today under the name Ad Click Xpress, offering investors a 4% daily ROI on investments.

Wealth4All refers to Wealth4AllTeam, a Ponzi scheme launched in mid-2012. Wealth4AllTeam collapsed shortly after launch, with it also being relaunched under a number of different names (Primus Hub, Wealth4AllTeam v2, AdRevWorld and Crowd4x).

Like the original, none of the Wealth4AllTeam reboot schemes lasted very long.

According to Lance Locke (right), it is these two schemes that Excelerated Leverage is modeled on.

Other schemes promoted on Locke’s Facebook profile include Achieve Community ($3.8 million dollar Ponzi scheme shut down by the SEC earlier this year), MyFunLife (travel recruitment scheme), Race Cycler (matrix cycler Ponzi scheme) and uFun Club (uToken Ponzi points scheme).

I’ve lost plenty of money in passive programs and I know for a fact that many of you have also. Well my friend…..those days are over!

Likely having lost money in most of the above ventures, Locke has now launched Excelerated Leverage.

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

We’d only just reported that the Zeek Rewards Receiver was looking to ‘to file lawsuits against foreign net winners in additional countries during the second quarter of 2015‘.

Little did we know that meant clawback bombs would be dropped across eight countries within a week. [Continue reading…]

Modeled on the Zeek Rewards Ponzi points business model, OneCoin are currently doing everything they can to divert attention away from the inner workings of their compensation plan.

Of late these efforts have focused on spammy press-releases and what appears to be paid advertorials in other MLM blogs that inhabit our niche.

One particular distraction being pushed is the purported appearance of OneCoin co-founder Ruja Ignatova gracing the cover of an upcoming edition of Forbes magazine.

When one of our readers decided to take a closer look into the matter, they found out that not all is as it seems. [Continue reading…]

In what appears to be the result of the first confirmed regulatory investigation into DFRF Enterprises, the British Columbia Securities Commission has issued an investor fraud warning.

In an alert issued on May 6th, the Commission warned the general public ‘not to purchase memberships or other securities of DFRF Enterprises LLC, DFRF Enterprises Ltd., or other companies associated with Daniel Fernandez Rojo Filho.‘ [Continue reading…]

Everyone has to pay taxes… even Ponzi schemes.

Yet despite telling their investors they were setting aside funds to do so, turns out uFun Club failed to pay a cent to Thailand’s Revenue Department. [Continue reading…]