iMarketing FastTrack launched in February of 2015 and is headed up by Carl Bailey.

On the iMarketing FastTrack website, Bailey is credited as the Founder of the company and, as per the company’s domain registration, is believed to be operating out of the US state of Missouri.

Back in 2013 Bailey (right) launched Instant Splash, which saw affiliates pay $9.95 a month to qualify to receive commissions when they recruited others who did the same.

In 2012 Bailey launched Banners and Bucks, which saw affiliates pay $29.95 to qualify for a $15 commission when they recruited new affiliates who did the same.

Both company’s appear to have stalled, which has likely prompted the launch of iMarketing FastTrack.

Read on for a full review of the iMarketing FastTrack. [Continue reading…]

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

The CashAdStream website domain (“cashadstream.com”) was registered on the 29th of January 2015, however the domain registration is set to private.

A YouTube video appears on the CashAdStream website, uploaded on February 11th on an account named “Adam Sikorsky”.

The account was created itself on February 9th, appearing to exist solely to promote CashAdStream.

I was unable to find any further information on this individual, leaving a question mark as to whether Adam Sikorsky, within the context of owning CashAdStream, actually exists.

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 BringTheBaconHome website indicating who owns or runs the business.

The BringTheBaconHome website domain (“bringthebaconhome.com”) was registered on the 31st of December 2014, however the domain registration is set to private.

An official BringTheBaconHome Facebook group is linked to from the company website. Unfortunately the group is closed, however the following ten people are listed as group admins:

• Andreas Loh
• Mark Ducker
• Kim Baese
• Jonathan Bracy
• Mike Lucas
• Michael Haggie
• Bruque Roberts
• Cat Johnson
• Martin Zhao Germer and
• Sherilyn Chong

Further research reveals BringTheBaconHome affiliates naming Sherilyn Chong as company’s owner.

Emails sent out to affiliates seem to support this, with most of them singed off on by “Sherilyn”.

As per her Facebook profile, Chong is based out of Singapore. Whether or not she is working alone as the admin of BringTheBaconHome is unclear.

What is clear is that Chong has previously been involved in at least one Ponzi scam. A Facebook posting on her profile from October 2014 can be seen promoting a short-lived debit card attached to Achieve Community.

Achieve Community was a $3.8 million dollar Ponzi scheme recently shut down by the SEC.

There’s an odd gap in Chong’s Facebook timeline between the 22nd of January and the 19th of February. Whether or not Chong has recently deleted posts (some of which might have been advertising Achieve or similar schemes), is unclear.

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

Global Bank Academy operate in the training MLM niche and are based out of the US state of Arizona.

Credited as the Founder of Global Bank Academy is Cheri Tree. Other executives cited on the Global Bank Academy website include:

• Jenny Luetkemeyer – President
• Steve Petersen – Compliance Director
• Daniel Silver – Chief Operations Officer
• Phillip Lechter – Vice President
• Jason L. Gust – Chief Technology Officer
• Pat Mickelson – General Manager
• Marc Gleeman – Chief Communications Officer
• Joy Elizabeth – International Events Director

As per her Global Bank Academy corporate bio, Tree (right) has

more than 20 years experience in sales and a Multi-Million Dollar income (and) is a leading authority on sales and sales training systems.

Using the B.A.N.K. system, Cheri took her annual income from $72,000 to over $500,000 in 12 months and over $1 Million within three years.

Tree appears to come from a speaking and training background, with there being no mention of an MLM history in her bio.

According to Tree’s LinkedIn profile, she founded Quattro University (2008) and Global XTS (2010).

Both of these companies appear to have operated in the training niche, with Quattro University packages costing over $20,000 and Global XTS courses up to $1997 a year.

Global XTS are still operating today, with Tree having left the company in March of 2014. That same month she went on to launch Global Bank Academy.

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

Just over two weeks after Norwegian net-winners were taken care of, the Zeek Rewards clawback world tour has made another stop – this time in the UK.

Filed on the 5th of March, the Receiver is now suing nine UK-based net-winners of the $850 million Zeek Rewards Ponzi scheme. [Continue reading…]

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

The Mainston website domain was registered on the 15th of January 2015. Mainston Limited is cited as the domain owner, with an address in Cheshire, UK also provided.

Further research reveals the address provided belongs to IncWise Limited, who offer company formation in the UK for £5 GBP.

As such, it would appear Mainston exist in the UK in name only.

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…]

As part of the ongoing litigation against those who stole the most money from Zeek Rewards victims, the defendants have requested a defense expert be appointed to argue their case.

Part of the fees charged by this defense expert are to be footed by victims of the $850 million dollar Ponzi scheme.

As directed by the Western District Court of North Carolina, the net-winner defendants have ‘submitted proposals from three potential defense experts‘.

A court filing dated March 4th reveals that [Continue reading…]

In April of 2014 a Receiver was appointed to manage the assets of WCM777 and its related entities. One of the duties assigned to the court-appointed Receiver was to ‘make an accounting, as soon as practicable, to this Court of the assets and financial condition of‘ the company.

After almost a year of exhaustive forensic accounting, a report on the financial affairs of WCM777 has finally been delivered.

TLDR?

The Receiver’s findings from her forensic accounting are summarized below.

1. The Receivership Entities’ primary source of income was investor deposits, which was also the primary source of virtually all funds distributed to the investors;

2. The vast majority of the Receivership Entities’ business activities revolved around raising and distributing investor funds;

3. Investor funds were so materially commingled between and among the Receivership Entities that the entities operated as a unitary enterprise, rather than as separate entities.

Given the above findings, WCM777 was of course a Ponzi scheme – as BehindMLM originally wrote in our June 2013 WCM777 review.

Read on for a more detailed breakdown of Phil Ming Xu’s WCM777 Ponzi empire. [Continue reading…]

DS Domination launched in 2013 and saw the company sell online dropshipping “how-to”guides. This is bundled with an MLM compensation plan.

The guides are sold retail, with an additional $9.95 fee paying for DS Domination affiliate membership.

Late last year word on the grapevine was that DS Domination were looking to branch out into binary options trading.

This was somewhat of an odd announcement as unlike dropshipping, none of DS Domination’s current management appeared to have any history with binary options.

After the initial announcements there has been a series of delays where the launch of Options Domination has repeatedly been pushed back.

Now, as Options Domination gears up for an actual launch, a third-party binary options signals provider is accusing them of theft. [Continue reading…]

One of the stranger MLM stories we broke in 2014 was that of Michael Sander helping ViziNova establish their Ponzi scheme in the UAE.

ViziNova accepted deposits of $1000 to $3000 from their investors, on the promise of an advertised 150%-166% ROI.

In addition to assisting ViziNova register themselves offshore, in the hope they might evade the attention of US regulators, Sander also published a fluff piece in his publication, Obtainer Online.

In it, Sander ignored ViziNova’s Ponzi scheme business model and claimed

ViziNova isn’t a Ponzi scheme or a pyramid system because from the very outset Renato Rodriguez and Gutemberg dos Santos are demonstrating transparency.

Turns out transparency means dick when all you’re doing is shuffling newly invested funds to pay off existing investors (I know, shocking right?).

Now ViziNova appear to be on the verge of collapse, with Obtainer Online describing the deteriorating situation as a “shit storm”. [Continue reading…]