GSPartners & Josip Heit issued fraud C&D in Texas
GSPartners, owner Josip Heit and several executives have been issued an emergency cease and desist by the Texas State Securities Board (TSSB).
The TSSB’s November 16th order names the following recipients; [Continue reading…]
9xProfits securities fraud C&D from Texas
9xProfits has received an emergency securities fraud cease and desist from Texas.
The Texas State Securities Board names 9XProfits in its order, as well as executives and several promoters. [Continue reading…]
TranzactCard hides bank details from consumers (FTC Act?)
TranzactCard is hiding purported US banking details from consumers – both affiliates and potential affiliates.
Typically an MLM company’s banking channels aren’t of interest, with TranzactCard though this is crucial info as it factors heavily into their marketing. [Continue reading…]
GSPartners under investigation for fraud in Texas
The Texas State Securities Board has confirmed it is investigating GSPartners for “engaging in an international securities fraud scheme”.
The disclosure was made in a November 9th emergency cease and desist order, pertaining to the collapsed BitSports Ponzi scheme. [Continue reading…]
BitSports securities fraud C&D from Texas
BitSports has been issued an emergency cease and desist order from the Texas State Securities Board (TSSB).
TSSB issued the November 9th order after confirming BitSports is committing securities fraud. [Continue reading…]
CashFlow NFT fraud continues with MetaTerra & the SEC
Following a webinar last month that detailed securities fraud through NFTs, CashFlow NFT co-founder Micah Theard wanted to “get more detail on certain things and less detail on others”.
Micah held another webinar on November 8th, this time covering MetaTerra. [Continue reading…]
HertzCar Review: Leasing ruse “click a button” app Ponzi
HertzCar fails to provide ownership or executive information on its website.
HertzCar’s website domain (“hertzcar.live”), was privately registered on June 6th, 2023.
If we look at HertzCar’s website source-code we find Chinese:
This strongly suggests whoever is running HertzCar has ties to China.
It should be noted that while it is being run by Chinese scammers, website traffic analysis from SimilarWeb reveals HertzCar is primarily being promoted in Kenya (36%), the US (28%), Finland (20%) and Canada (17%).
I also came across HertzCar marketing for Pakistan during my research.
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…]
Lyoness drowning in $110 million of debt
Last month Lyoness announced it was filing for bankruptcy in Europe.
Now it’s been revealed the MLM Ponzi scheme is drowning in ~$110 million in debt. [Continue reading…]
Richard Smith reportedly resigns from TranzactCard
As part of TranzactCard’s launch events, co-founder Richard Smith has reportedly resigned as CEO.
One would think a co-founder stepping down warrant an official announcement, but as far as I can tell TranzactCard hasn’t made one. [Continue reading…]
ClickFlow Review: Ecommerce “click a button” app Ponzi
ClickFlow fails to provide ownership or executive information on its website.
ClickFlow’s website domain (“clickflow.life”), was privately registered on September 18th, 2023.
Update 31st January 2024 – ClickFlow is also operating from the domain “clickflow.vip”, privately registered on November 2nd, 2023. /end update
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…]
