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

Provided on the Moore Fund website is a certificate of incorporation for “Moore Property Investment Co Limited”. The certificate was issued by the Companies House in the UK back 1993.

A UK Certificate of Incorporation costs £15.

Whether or not Moore Property Investment Co Limited has anything to do with Moore Fund is unclear. What is clear however is that Moore Fund was only launched recently.

The Moore Fund website domain was registered on the 29th of September 2014. Listed as the domain owner is a “Rob Moore”, with an address in Lancashire in the UK also provided.

A YouTube channel named “Rob Moore” was registered on January 11th 2015 to promote Moore Fund, but other than that Rob Moore, as represented in the Moore Fund domain registration, doesn’t appear to exist.

Alexa traffic estimates show an uptick of activity in January 2015, which syncs with affiliate promotion of the company.

This all indicates that Moore Fund was only launched recently.

Casting further doubt on the authenticity of the company is the fact that Alexa lists the top five countries providing visitors to the Moore Fund website are Saudi Arabia, Ukraine, Russia, India and Pakistan.

India in particular stands out, as a UK company registration is a favorite among scammers of Indian origin.

What is clear is that there’s little to no activity surrounding Moore Fund taking place in the UK. As such, it would appear Moore Fund exists in the UK in name only.

Reading between the lines, I’d suggest Moore Property Investment Co Limited might be a real company but that Moore Fund has nothing to do with it.

There is no provided correlation between property investment and the Moore Fund MLM business opportunity, ditto how Moore Property Investment Co might fit into the Moore Fund business model.

Whoever is actually running it has likely just “borrowed” the company’s registration certificate, registered a domain using the “Moore” name and operate independently.

As always, if a 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…]

Over the past six months I’ve received numerous requests to review DFRF Enterprises.

For the most part, these requests have been sent in from readers expressing concerns that friends and family members are investing thousands of dollars with the company.

These are by and large people who already lost large sums of money investing in TelexFree, Wings Network and other scams specifically targeting the Brazilian community in Massachusetts.

Upon perusing the DFRF Enterprises website, I ascertained that the scheme solicits investment from its affiliates, under the guise of asset and wealth management, asset finance, wealth structuring and investment banking.

To encourage affiliates to invest funds, DFRF Enterprises openly advertise ROIs of 15% a month:

Quite obviously, DFRF Enterprises are simply shuffling new investor funds to pay off existing investors. Provide enough fluff about legitimate banking services and run a simple Ponzi on the backend.

So why isn’t there a review of DFRF Enterprises on BehindMLM?

Well the problem is the scheme only offers a single-level 10% referral commission. That’s a HYIP (high-yield investment program) and not MLM.

I have a busy enough time trying to keep up with the MLM industry. Expanding that coverage to HYIPs (which, unlike MLM opportunities, are universally scams) would put far too much on my plate.

That and the blog is called BehindMLM for a reason…

In any event, I’m covering a newly filed RICO lawsuit against DFRF Enterprises in an attempt to meet those concerned about the scam halfway.

If for nothing else than to bring greater awareness to those who have previously invested in the well-known Brazilian MLM scams over the past year, who now find themselves involved an even more nefarious scheme. [Continue reading…]

As reported yesterday, February 24th saw a hearing on the issue of preliminary injunctions against Kristi Johnson, Work With Troy Barnes and Achieve Community International LLC take place.

If granted, the injunctions would see the continuation of the asset freeze in place, as well as barring the defendants from committing and further acts of fraud.

Yesterday saw a preliminary injunction granted against Troy Barnes, with the same injunction granted against Kristi Johnson later in the day (after we published our article).

With neither Barnes or Johnson bothering to set up legal representation for either Achieve Community International LLC or Work With Troy Barnes, yesterday’s hearing was just eleven minutes long.

After hearing arguments from the SEC, Judge Blackburn took the matter under advisement. He later granted a preliminary injunction against Work With Troy Barnes.

At the time of publication a decision regarding Achieve Community International is still pending. It’s expected an injunction will be granted sometime tomorrow.

Meanwhile the fifth amendment reared its head again, with Kristi Johnson filing a response to a paragraph in the preliminary injunction granted against her. [Continue reading…]

Back in late 2013 Alexandre Arenales launched UniverTeam.

Based on the MultiClick Ponzi scheme, UniverTeam saw affiliates up to €1500 EUR on the promise of an advertised €75 EUR a week ROI.

UniverTeam affiliates were also paid to recruit new investors in the scheme, earning commissions based on the amount new recruits invested.

Earlier this month a BehindMLM reader informed me that UniverTeam had recently made changes to their compensation plan.

This is hardly surprising given the unsustainable nature of UniverTeam’s original Ponzi scheme model, which would have seen UniverTeam eventually run out of invested affiliate funds and collapse.

Today we take a look at UniverTeam’s new compensation plan. [Continue reading…]

We reported on the 20th of February that the SEC, Troy Barnes and Kristi Johnson had all filed stipulation agreements requesting a preliminary injunction be granted.

The SEC filed this action to halt an ongoing Ponzi scheme.

The injunction would replace the current temporary ex-parte injunction, maintaining the fund freeze the temporary injunction granted. Barnes and Johnson would also prohibited from further committing and acts of fraud. [Continue reading…]

PlanB4You launched in 2014 and saw affiliates deposit €40 EUR investments on the promise of an eventual €50 EUR ROI (see PlanB4You review).

With new affiliate funds being used to pay off existing investors, it didn’t take long for authorities in the Netherlands to start investigating.

December saw that investigation result in the shutting down of the scheme by the Netherlands’ Fiscal Information and Investigation Service (FIOD).

In addition to shutting PlanB4You down, FIOD also seized multiple assets belonging to the scheme’s owner, Johny Schabregs.

Despite his assets being frozen and FIOD on the lookout for him, Schabregs remained at large. In response to FIOD seizing his assets, Schabregs defiantly announced one last-ditch attempt to fleece investors, promising them “2 for 1” investment positions in his scam.

Over the past two months FIOD have continued to monitor Schabregs, finally tracking him down and making an arrest on Friday February 20th. [Continue reading…]

The Winning Express website does not identify who who owns or runs the business.

There is an “about us” link in the footer of the website, however clicking it at the time of publication redirects visitors to the main homepage.

This snippet in the Winning Express FAQ was the only bit of information pertaining to the owners I was able to find:

I note that the proprietors of Winning Express are resident  in Seychelles. Why is this?

Although the profits you will make from the services are tax free (Betting Tax was abolished at the turn of the century) the fact remains that if an individual is deemed to be making a full-time living from betting then he/she is regarded as a professional gambler and winnings are considered to be earnings.

Rather than be subject to higher rates of tax, the sports analysts who devised the methodology opted instead to sell their services via an offshore company in an appropriate location.

Also, current clients of Milton Express Ltd who pay £2,250 per annum for advices are spared VAT.

So under the guise of hiding out in greater Europe because they don’t want to pay taxes in the UK, Winning Expresses owners operate the scheme from a location unknown.

Furthermore the above FAQ question suggests that information about the owners of the company was once provided, but has since been removed.

That’s not exactly confidence inspiring.

I did try to dig around and find out who was behind Milton Express, but nothing concrete surfaced.

The Winning Express website domain registration was registered on the 24th of November 2010, and lists a “Darren Bate” of “Admin Solutions UK LTD” as the owner.

As above, Bate (right) is actively promoting Winning Express across multiple social media accounts bearing his name, but I wasn’t able to ascertain his specific role within the company.

Pertaining to Admin Solutions UK LTD, as per the Winning Express FAQ:

Does this mean all my dealings will have to be catered for by international staff?

No, all administration of Winning Express will be conducted by Admin Solutions (UK) Ltd based in Sheffield, South Yorkshire.

Basically Admin Solutions run the admin side of Winning Express from within the UK, while its owners hiding overseas:

Admin Solutions (UK) Ltd provides invaluable secretarial and administrative back up for a variety of companies or individuals. We can operate on a contractual basis or a pay as you go system based upon your circumstances.

Again, whether Darren Bate works for Winning Express, Admin Solutions UK or both is unclear.

Update March 3rd 2016 – Winning Express appears to have collapsed, which seems to have prompted Darren Bate to get in touch:

I provided admin only for this company of which i no longer do so.

I’ve asked him who he was working for, will update if I hear anything back. /end update

Update March 5th 2016 – Further clarification from Bate:

I was and never have been the face behind Winning Express, Admin Solutions merely provided the administration service to Milton Express Ltd which has now lapsed and been awarded to Milton Admin UK Ltd, the face behind Winning Express is and always has been Graham Bradbury.

/end update

As always, if a 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 Juubeo website indicating who owns or runs the business.

The Juubeo website does have an “about us” page, however only the following vague marketing spiel is provided.

Juubeo is a global co-operative founded by and for its members.

The company claims to be “registered in the United Kingdom”, with an address in the UK provided.

Further research reveals a number of businesses operating out of this exact same address, indicating that it is little more than a rented mailbox.

Juubeo would appear to exist in the UK in name only.

The Juubeo website domain (“juubeo.com”) was registered on the 14th of May 2013, listing only “Admin Juubeo” as the domain owner.

Why Juubeo are secretive about their management is a mystery, with details of who is running the company freely available from third-parties.

As per a Juubeo affiliate marketing presentation from mid 2014, the Founder and original CEO of Juubeo is Iver Nergaard (note the marketing spiel has been removed from the below slide to preserve space):

Nergaard seems to have been replaced with Soeren Eriksen as of February 1st, as per a press-release issued in December 2014:

Juubeo has announced the appointment of Soeren Eriksen as their new CEO.

Soeren Eriksen, 47, has an extensive background in the Danish banking and finance industry and a Graduate Diploma in Business Administration from Handelshoejskolen in Aarhus, Denmark.

In the early stage of his career he commenced working as a Derivative Market Maker Trader in one of the largest banks in Denmark, and progressed to a management position in a Commodities Trading Company, leading to Investment Advisor in Europe.

Not sure what the story is there.

In any event, it’s worth noting that while Juubeo aren’t interested in providing information about their management on their company website, for some reason they’re fine with issuing corporate press-releases containing this information.

Nothing suss.

In the slideshow image above, Nergaard’s name appears next to a Norwegian flag. However on his LinkedIn Profile, Nergaard claims to be based out of London in the UK.

This is supported by company registration documents, listing Iver Nergaard as the Director of Juubeo Limited. Curiously, the company registration documents available all list Nergaard’s country of residence as Norway.

Juubeo itself however seems to have a strong presence in Norway, with Alexa estimating that 37.4% of the company’s website traffic originates from there.

Given this, I’m tempted to say Juubeo is likely being run out of Norway, with any connection to the UK being superficial at best.

On the MLM history side of things, the only company I was able to connect Nergaard to was Kyani (health and wellness). Whether Nergaard is still a Kyani affiliate is unclear.

I wasn’t able to track down an MLM history for Soeren Eriksen, with Juubeo appearing to be his and Nergaard’s first MLM venture as corporate executives.

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

Bit of interesting news from down under, with a case involving an eCosWay affiliate being passed up to the Australian Federal Court for an “authoritative decision”.

A decision that could have widespread implications for any MLM company currently doing business in Australia. [Continue reading…]

News today that the Zeek Rewards net-winner world tour continues, with Norway the latest country to see clawback litigation filed against those who refuse to return money they stole from victims.

Filed on the 19th of February the Receiver’s complaint names eleven Norwegian Zeek investors, who collectively stole over $1 million dollars. [Continue reading…]