Despite stealing over two million dollars from Zeek Rewards victims, it seems T LeMont Silver can’t rub together $5000 to pay his lawyers.

In an effort to combat clawback litigation filed against him, T LeMont Silver, through another attorney of his in Texas, sought to engage the legal services of James, McElroy and Diehl.

Now, almost a year later, James, McElroy and Diehl have filed a Motion To Withdraw from the case, citing non-payment and a lack of communication from Silver. [Continue reading…]

There is no information on the Infinity8Gold website indicating who owns or runs the business.

The Infinity8Gold website domain was registered on the 3rd of January 2015, however the domain registration is set to private.

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 OneDollarExplosion website indicating who owns or runs the business.

The OneDollarExplosion website domain (“onedollarexplosion.com”) was registered on the 14th of January and lists a “Keno” as the domain owner. An address in Kingston, Jamaica is also provided.

Other domains registered with the same email address as that of OneDollarExplosion include “ten2millions.com” and “unlimited100.com”.

Ten2Millions is/was a matrix-based pyramid scheme, where affiliates purchase positions for $15 and are then paid to recruit others who do the same.

The domain Unlimited100 is now defunct but going by the name, presumably it was a similar sort of scheme.

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

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

The company’s website does have an “about” page, however only the following vague marketing spiel is provided:

Acesse Corporation was founded in 2006 as a small, local Internet service provider and has grown to become one of the top Internet marketing and advertising service providers around the world.

The Acesse website domain lists a Steve Renner as the owner, with an address provided in the US state of Minnesota.

On his LinkedIn profile, Renner (right) claims he founded Acesse back in 2006.

I’m the Founder of Acesse Corporation, a global leader of internet products and advertising services for small businesses.

Why this information is not presented on the Acesse website is a mystery.

As per Renner’s LinkedIn bio;

Acesse Corporation has over 500,000 customers in over 200 Countries, and is currently ranked in the TOP 500 most trafficked web sites in the world.

I divide my time between our Minneapolis operations office, our Silicon Valley Technology Center in Redwood City, CA and our Hong Kong office.

The two US addresses mentioned above appear on the Acesse website, but the Hong Kong office is absent.

Further research reveals multiple businesses operating out of the California address, indicating that it is rented virtual office space and/or just a mailbox.

The address in Minnesota however appears to be legit.

Looking at the Acesse website, it’s clear that the company primarily targets Asian markets. This is reflected in Alexa’s traffic estimates for the Acesse website domain, which lists China as making up 78.8% of visitors.

Taiwan (6.3%), Japan (5.5%), the US (2.4%) and South Korea (1.6%) round out the top 5.

Going by this, I’m going to suggest that the bulk of Acesse’s operations are carried out from their Hong Kong office. The “technology center” in California might house some server hardware, but otherwise Acesse pretty much appears to be a Chinese company.

At the time of publication, Alexa rank the Acesse website as 162nd most visited in China (1050th globally).

On his LinkedIn profile, Renner lists two other companies of note: Cash Cards International and iNetGlobal, launched in 2001 and 2008 respectively.

For more on these iNetGlobal we turn to the StarTribune (February 24th, 2010):

Federal agents on Tuesday raided a Renner-owned business in downtown Minneapolis — Inter-Mark Corp. — looking for evidence of an alleged fraud that sources say may have attracted tens of thousands of customers worldwide, including in Canada, China and Russia.

As agents wheeled out carts carrying files and computers from two office suites housing Renner’s business, officials said they are investigating a suspected Ponzi scheme run via the Internet.

According to John Kirkwood, the Secret Service’s special agent in charge in Minneapolis, the search is “part of the Secret Service’s investigation of a suspected Ponzi scheme that is headquartered in Minneapolis and that is operating over the Internet.”

Kirkwood added that the Secret Service, under a court order, will seize money in several bank accounts that “are believed to hold proceeds of this alleged fraud.”

Some $22 million was returned to iNetGlobal victims in 2011, however no formal charges were laid.

iNetGlobal affiliates heralded the release of funds (to a court-appointed administrator), was heralded as validation of iNetGlobal’s business model. The government refused to comment.

In response to the release of funds, iNetGlobal themselves issued the following press-release:

“InetGlobal will use the remaining funds to launch a new and exciting array of products, many of which have been delayed due to the seizure of the funds,” the company announced on its Blog.

“What working capital was available was used to service the existing business and to pay for the expensive process required to convince the United States government that iNetGlobal’s business is legal.”

According to a June 2011 StarTribune article, iNetGlobal was indeed permitted to restart operations – but with the following conditions in place:

According to the agreement Frank approved Thursday, Inter-Mark has made changes. For starters, Renner is no longer associated with the company.

In addition, the company’s compensation plan, financial statements and even its Internet products all have been reviewed by outside experts. Inter-Mark was allowed to resume business in July 2010.

At the time Renner was in jail, serving an 18 month sentence for tax fraud related to his Cash Cards International business.

iNetGlobal’s business model, which saw affiliates invest $2000 and earn a ROI for clicking ads and recruiting new participants, was clearly operating as a Ponzi/pyramid hybrid. Why the case wasn’t pursued further though I can’t say for sure.

Today the iNetGlobal website is unresponsive, however a redirect to Acesse does appear in the Google’s search results:

Acesse in its current state today (with Renner again at the helm), would appear to be the rebranding of iNetGlobal.

If iNetGlobal in 2010 was anything like Acesse is today, then one possibility for a lack of further regulatory action is that the company, for the most part, targets the Chinese.

In essence, US regulators might have seen it as their problem. Renner was aready in jail and regulatory co-operation between Chinese authorities and those in the US is always icy. Moreso back in 2010.

In any event, despite iNetGlobal appearing to be an AdSurfDaily clone, nobody went to jail for it and now it appears to be back as Acesse.

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

Revealed in a recently filed motion in the SEC’s case against Achieve Community reveals that Kristi Johnson is the subject of a DOJ criminal investigation in North Carolina.

But it’s not the confirmation of an investigation that’s interesting about the motion, so much as what it’s asking for. [Continue reading…]

As part of the bankruptcy proceedings initiated by TelexFree’s owners, the company was required to file Schedules of Assets and Liabilities.

Owing the bankruptcy proceedings being initiated in order to dissolve Ponzi ROI liabilities and head off a civil and criminal investigation into the company, these schedules were never filed.

Receiving absolutely no assistance from TelexFree’s owners and due to complications arising from data seized by various agencies investigating the scam, it’s taken some time for the court-appointed Receiver to finally put together an accurate list of TelexFree’s creditors.

Here, for the first time, we get to see a list of not only affiliates who TelexFree owed money too, but also the third-party businesses who got involved with the scam and should have known better. [Continue reading…]

Following on from the arrest of several Speak Asia ringleaders early last month, comes the announcement that prosecutions against the accused are expected to begin shortly. [Continue reading…]

Last we checked in with iFreeX, it was to report the raiding of a promotional event by Brazilian police.

Rodrigues and a fellow iFreeX ringleader were rounded up and further questioned, with Rodrigues later playing down the event on his Facebook page.

This despite the fact that officers who raided the event belonging to the GAEP, a specialized division who assist the police department’s criminal investigation division.

Now it seems things might have caught up with Rodrigues, amidst reports iFreeX have stopped paying affiliates and Rodrigues himself is on the run. [Continue reading…]

Last we heard the Massachusetts Securities Division had filed a complaint, alleging Wings Network was a $12.5 million dollar pyramid scheme.

Filed in May, the complaint came some twenty four hours after Wings Network announced it was suspending its US operations.

Later in the year, Nevada’s Secretary of State issued a separate securities warning, cautioning Wings Network investors.

Secretary of State Ross Miller warns Nevadans to beware of a possibly fraudulent investment scheme targeting minority communities, specifically Spanish and Portuguese.

Wings Network is a multi-level marketing program that is advertising online, and being sold door-to-door or through friends and relatives.

The Secretary of State’s Securities Division believes Wings Network’s proposed business opportunity is an investment contract and a security that should be, but isn’t, registered with the State of Nevada.

The Massachusetts complaint, aimed at shutting the scheme down, and the Nevada warning both appeared to be paving the way for heavier regulatory action to come.

Today that action finally came, by way of a $23.5 million dollar pyramid scheme lawsuit filed by the SEC. [Continue reading…]

Wealth Generators was founded in 2013 by Ryan Smith, Annette Raynor, Chad Miller, M. Arthur Romano.

The company operates out of the US state of Utah, with Kevin Gull (right) named as President.

As per Gull’s Wealth Generators corporate bio;

Most recently, Kevin was President of Symmetry Global, where he led the company to its highest levels of growth in several years.

Prior to that, as a leading consultant in the direct selling industry, Kevin has successfully launched over 12 networking startups in a 10 year period, and has created marketing and business development strategies for over the past 20 years.

He also has vast experience working with leading direct selling focused companies including: NuSkin Intl, Ariix, iCentris, Red Mat Media and more.

Of Wealth Generators’ Founders, I was only able to put together an MLM history for Chad Miller. Miller was an affiliate with Yoli (health and wellness).

None of the Wealth Generators Founder bios contain any information about prior involvement in any MLM companies.

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