Good news for those of you who’ve been asking about claiming your losses in WCM777, with the Receiver late last week filing a proposed claims process.

Over $20 million will be returned to WCM777 victims, with the Receiver anticipating between 24,000 to 96,000 claims. [Continue reading…]

As part of the civil case against her, Kristi Johnson was required to hand over detailed accounting records to the SEC.

Johnson refused, citing the fifth amendment which permits her to ‘not act as a witness against herself in any proceeding involving a fine, penalty, or forfeiture‘.

Last week both Johnson and Troy Barnes filed their respective formal responses to the SEC lawsuit against them, unfortunately with much of the same. [Continue reading…]

There is no information on the Profits25 website indicating who owns or runs the business.

The Profits25 website domain (“profits25.com”) was registered on the 25th of March 2013, however the domain registration is set to private.

Further research reveals that Profits25 is likely being run out of France.

The Profits25 website is hosted by a French company. and much of the Profits25 promotional material available is also in French.

Alexa meanwhile currently estimate that 35.3% of traffic to the Profits25 website originates out of France. Italy (8.7%) and Belgium (6.5%) round out of the top three sources of traffic, indicating Profits25 is being marketed primarily in neighboring European countries.

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…]

iTravelParty operate in the travel MLM niche.

The company provides a map of Belize on the “contact us” page of their website, suggesting that might be where they are registered. Note however that no actual corporate address is provided.

Identified as the CEO of iTravelParty on their website is Daniel Butts (right).

Butts first appeared on BehindMLM as the co-founder of Rocket Cash Cycler, a Ponzi scheme launched in 2013.

Rocket Cash Cycler saw investors deposit $315 and get paid a $5300 ROI once enough subsequent positions had been invested in.

Prior to RocketCashCycler Butts launched EZ Wealth Formula, which saw affiliates charged $84 to join and paid to recruit new affiliates.

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

We were anticipating Thai police to finally file a criminal case report sometime today, but unfortunately it’s been announced the report will be delayed.

Citing the complexity and scope of the uFun Club investigation,Thai police are now predicting the report will be submitted to prosecutors on June 15th (two Mondays away). [Continue reading…]

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

The FriendString website domain (“friendstring.com”) was registered on the 9th of July 2014, listing an “Enrico Villanueva” as the owner. An address in Davao City, Philippines is also provided.

The same name was used to promote AdReverts earlier this year, and Ads Davao back in 2013.

Both AdReverts and FriendString use the same nameservers, strongly suggesting both domains have the same owner.by the same owner.

Both Ads Davao and AdRevers were Ponzi schemes which have since collapsed, with FriendString appearing to be the admin’s latest scheme.

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

Disrupt first popped up on BehindMLM’s radar back in late April.

With the dust barely settled on WakeUpNow’s collapse not even three months earlier, we were somewhat surprised to learn of plans to launch a new opportunity.

Since then, more information has come to light about the Disrupt opportunity and so today we take a deeper look into what’s happening.

Is Disrupt merely a WakeUpNow clone confined to the same fate, or is the business truly going to be different this time around?

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

Who didn’t see this one coming…?

On May 8th Daniel Filho appeared in a DFRF Enterprises marketing video and promised to publicly disclose DFRF’s entry into the US stock market;

[5:44] Now that the company is already public, I’m sure you have a lot of people enquiring and uh asking you as to what is the stock symbol and what stock exchange is this trading on?

[5:56] We are withholding this information till June 3rd, in order to protect the value and also the entire project.

Hours ago DFRF published a new marketing video, titled “Stock Market, Operational System and Debit Card”.

Despite the video running for twelve and a half minutes however, none of what Filho promised on May 8th was revealed. [Continue reading…]

Mid-May we reported on uFun Club investor Nicolas Giannos schmoozing with the Samoan government and Central Bank of Samoa.

Giannos and a Samoan female friend touched down in Samoa in early May, and over the next few weeks gave uFun Club presentations before the Central Bank Governor, the Samoan Deputy Prime Minister and even the Prime Minister.

Giannos (right) claimed the aim of the presentations was to “introduce uFun Club”.

Armed with a ‘a letter signed by a Samoan Cabinet Minister, endorsing (uFun Club) and encouraging people to support it‘, Giannos quickly began recruiting locals into the scheme.

When exactly he started is unclear, but by the end of May Giannos had solicited over one hundred thousand dollars in uFun Club investment.

In late May Giannos began to transfer the proceeds of his month of scamming in Samoa back to the UK.

The first transaction was made successfully, the reports said. The second transaction which was about to be made within a few days, was more than $100,000.

It was this second transaction that caught the attention of authorities. [Continue reading…]

We’d earlier received reports that the FBI were investigating uFun Club, and can now confirm as much.

That the FBI and Australian authorities are investigating uFun Club was revealed at a press-conference, following the arrest of two more uFun Club suspects in Thailand. [Continue reading…]