There is no information on the Profi8 website indicating who owns or runs the business.

The Profi8 website domain (“profi8.com”) was registered on the 13th of August 2013, however the domain registration is set to private.

Hosted on the Profi8 web server is a banner for “i-Divvy”:

Research reveals i-Divvy was launched in October 2013, with the scheme promising investors a 14% weekly ROI. Affiliate investors invested in $1 shares and had to watch three company-supplied ads a day to qualify.

Shortly after launch, the i-Divvy website began to go frequently go offline. Emails sent to affiliates blamed the downtime on DDOS attacks.

By late December i-Divvy collapsed, with an affiliate email explaining why:

We have to close doors for now due to small issues as listed below:

1-Most investors withdrawed their money in the first 3 weeks ( makes it a very little amount of investment for our traders to play with)

2-It would cost us too much on our script to customize it and add a matrix just like we wanted.

3-DDOS and Dedicated server cost a lot.

i-Divvy emails were signed off on by a “Charles Finn” and “Mathew Howard” which, due to the typical generic nature of both names, are likely to be fake.

Following the collapse of i-Divvy, it appears the admin(s) are now back with Profi8.

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…]

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

The company website does have an “About Us” page, however it is devoid of any specific executive management information or company ownership details.

The Socio Bonanza website domain (“sociobonanza.com”) was registered on the 10th of December 2014, and names a “Shawn Will” as the owner. An address in Quebec City, Canada is also provided.

Further research into Shawn Will’s involvement in the MLM industry failed to turn up anything. Whether or not he has launched or been involved with any other MLM companies is currently unknown.

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

Announced in early January, 15winks went into prelaunch using the campaign name “BeaFirstMover”.

The 15winks opportunity revolves around the sale of a mobile dating app subscription, although the app and subscriptions have not yet been released.

That said, 15winks prelaunch marketing material states that the value of a 24 month subscription to 15winks’ “Premium Service” is $384 ($32 a month).

From what I’ve been able to gather, users of the site upload 15 second video clips, which are then shared with other subscribers of the service (via GPS tracked dating profiles).

That side of the business looks perfectly fine, it’s an app service that can be sold to retail subscribers.

Complete details of the 15wins MLM compensation plan (as far as I can see) are yet to be released. The 15wins Terms and Conditions claims a service launch date “on or before March 31st”, so I imagine more details about the 15winks compensation plan will be released before then.

In the meantime, 15winks are currently soliciting capital investment from what they’re referring to as “Firstmovers”.

And that’s where the problems begin… [Continue reading…]

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

The SpinDing website domain (“spinding.com”) was registered on the 22nd of September 2013, naming a “Peter Nelson” as the owner. A PO Box address in the British Virgin Islands (a known tax-haven) is also provided.

Who Peter Nelson is and what his relationship to SpinDing entails is not clear. Spinding affiliates name Paul Nash as the company owner in their marketing material. Nash (right) also signs his name on emails sent out to Spinding affiliates and voices official Spinding marketing videos.

Paul Nash was a 20% part-owner of the failed revenue-sharing scheme, Go Fun Rewards. He’s officially credited as a “software architect” through his company Opus Solutions.

Nash was named as a defendant in a lawsuit filed by Go Fun Rewards’ former president, Randal Williams. Williams took particular offense to an email Nash sent William’s wife, claiming Williams was frequently suicidal and stealing from the company.

The case is ongoing.

Wary of the baggage being a part-owner in a Ponzi scheme carries, Nash sent out an email to Spinding affiliates addressing his MLM past (January 12th):

It’s true I was involved in GoFun. I was the key technical partner, responsible for building and operating the systems aspect of the business.

The owners were eAdgear Inc, a predominantly Chinese run operation that was based in CA and Hong Kong.

It’s a shame that I was involved with these guys… they made a unilateral decision one day to shut down US operations and take the business offshore, and I was left picking up the pieces both financially and with my relationships.

Besides taking a modest salary for my programming efforts (which provided a mechanism for me getting health insurance) and a bonus in the second month, I never made any money at all from this, and they never even called me to tell me I was fired and that my insurance was cancelled. No return calls since.

This in itself is astounding because my wife was on chemo, and they left me high and dry.

By my count they took over $16 million offshore and failed to pay commissions, me or other employees. A freaking nightmare to say the least.

The reason I started this company on my own was because I am sick of getting screwed by partners and bad business deals in the MLM space.

I’m a pretty accomplished entrepreneur in my own right, and I don’t need or want a front man any more to take the credit in the good times and point fingers in the bad. I can handle both on my own.

I am very very surprised at the amazing reaction we are getting. While this is good, it’s also going to be even more challenging for the management and operations of this business.

I can tell you though that I’m going to work my tail off to make this successful. It’s my name this time.

Cheers

Paul Nash

SpinDing LLC

Nash would appear not to regret his involvement in a Ponzi scheme that would have inevitably collapsed and ripped off its investors, but rather that eAdGear ran off back to Hong Kong and didn’t pay him.

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

Other than a provided corporate address in Florida, there is no information on the Warranty Rewards website indicating who owns or runs the business.

The Warranty Rewards website domain (“mywarrantyrewards.com”) was registered on the 15th of October 2013, however the domain registration is private.

Warranty Rewards does have a “Company” page on their website, but it only reveals that ‘Warranty Rewards was founded as the direct selling arm of Matrix Protection‘.

There’s no information on the Matrix Protection website indicating who owns that company either. The Matrix Protection website domain (“matrixprotection.com”) was registered in 2009, however its domain registration is also private.

On a marketing video linked off the Warranty Rewards website, titled “My Warranty Rewards Business Opportunity”, Jay Tuerk is credited as the company’s CEO and Yoni Ashurov as President. Both men are additionally also credited as company co-founders.

Why neither Ashurov or Tuerk’s names appear on the Warranty Rewards website is not clear.

Jay Tuerk (right) and Yoni Ashurov appear to have a long-running business relationship, with Tuerk credited as CEO and Ashurov as President in both Matrix Protection and Energy Management Systems International (EMS).

EMS doesn’t appear to be an MLM business opportunity (“emsint.com”), with the company selling what they call “The EnergyMizer”.

The EnergyMizer line of energy management systems is a UL listed and CSA approved line of product engineered to provide numerous benefits to any electrical system.

Warranty Rewards would appear to be the first venture for both men on the executive side of things.

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

At the time of publication the Malibu Mastermind website is little more than a placeholder for a “coming soon” message. No indication is provided as to the current status of Malibu Mastermind or a possible launch date.

Further research reveals that Malibu Mastermind is currently in prelaunch, with a marketing video, hosted by “infomercial legend” Kevin Harrington, crediting a “Steven Seppinni” as the company’s CEO and founder.

On his LinkedIn profile, Seppinni credits himself as the President and CEO of Zoozili (2000 – present) and Everyone Prosper (June 2012 – present).

Zoozili appears to have been some sort of social network where members solved eachother’s problems. The Zoozili website is currently “suspended”, with the company appearing to be defunct.

Everyone Prosper is also a social network, with the company website advising it offers

• global profit sharing (potential red flag)
• access to top experts
• awesome community

I’m not sure if Zoozili had an MLM component to it but if it didn’t, that seems to be what Everyone Prosper was, an MLM evolution of the Zoozili concept.

It follows on now that Malibu Mastermind, focusing on “mastermind groups” has ditched the social network idea and will be launched as a fully fledged MLM company.

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

In an “exclusive interview” with Brazil’s Globo, Alessandra Marques has announced that she expects the Acre criminal case against TelexFree to be “completed by mid-year”.

As it stands now, the Acre Public Prosecutor’s Office have submitted over 40,000 pages of evidence against TelexFree, currently being pored over by Judge Thais Borges.

After Judge Borges is finished going over the Prosecutor’s evidence, “experts” will be heard from (on both sides) and then “final judgement” will be ruled.

Affiliate investors in TelexFree will naturally adopt a “let’s see what happens” approach, but given TelexFree’s business model how the case will turn out is pretty obvious. [Continue reading…]

The Jearseph website domain was registered on the 19th of September 2013, however the domain registration is set to private.

There’s no information on the Jearseph website indicating who owns or runs the business, but the company does provide a certificate naming a “Joeffrey Pizarro Cambangay” as the owner of a “JRCPH Marketing”.

The certificate appears to be issued Philippine Department of Trade and Industry, with an address in the Philippines provided.  There’s no indication as to what the relationship (if any) is between JRCPH Marketing and Jearseph.

Cambangay seems to have started promoting Jearseph shortly after registering the website domain, with an ad for “JRCPH Network” dated August 18th 2013 appearing on Sulit.

Join JRCPH Network now and earn in 4 ways. An amazing hybrid complan made and worth joining for. You get a product-value package plus an opportunity to have a business and an income.

Just refer 2 people and your in.

The Jearseph website domain is provided at the end of the advertisement.

On his Facebook page, Cambangay is heavily promoting something called “Silver Singkwenta Cycler”.

A revolutionary earning online opportunity… join now.

From what I can gather, Silver Singkwenta Cycler appears to be a 100 pesos to join affiliate recruitment scheme. Whether Cambangay runs Silver Singkwenta Cycler is unclear, but given the similarities between its website and that of Jearseph, there’s a high probability he does.

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

We initially raised our suspicions in December after observing weeks of abnormal silence from the company. Abnormal because, up until that point, it was all anyone could do to escape the roar of the Rippln hype-machine.

Never mind the fact that there was never any real clear business model, commissions were in the pennies and most of the world were unable to participate in what little Rippln were offering.

In response to the question “has Rippln done a runner?“, CEO Brian Underwood spoke to Troy Dooly (MLM Helpdesk) and issued the following comments:

[2:38] I said Brian you’ve been silent, what’s happening?

He said “what are you talking about, it’s Thanksgiving. Some of us left down and went to Thanksgiving prior, some afterwards

We’re still conducting business. Matter of fact we do two calls a week, that isn’t being silent.

Now we haven’t done blog posts and stuff. I can’t win for losing, with you or these other critics.

If I make too much noise, you guys tell me I’m hyping this stuff. If I don’t make any noise cuz we’re working, then we’re “running” or we’re having a eulogy or some crap like that.

Here’s the video that was published at the time, it’s eleven minutes long but worth watching before we get into what was really going on: [Continue reading…]

On December the 15th, after a public warning was issued by Peruvian congressman Jaime Delgado, the Peruvian government moved to ban WCM777 from operating in Peru.

WCM777 (World Capital Market) offers gains of up to 300% of the people who make an investment of between $399 and $1999 (USD).

It seems that, initially, the scheme works. However, as time passes and when it is not possible to convince more people (to invest, the company) stops paying (its existing) investors. Consumers should be alerted to this business.

Despite Peru banning WCM777, it seems some WCM777 affiliates continued to market the scheme there. On January 14th Peruvian officials enforced the ban, shutting down a local WCM777 marketing office and making several arrests.

World Capital Market has captured the public’s money without proper legal authorization, in violation of article 11 of the General Law of the Financial System and Insurance System and Organic Law of the Superintendency of Banking and Insurance (Law No. 26702).

It was also reported that the legal representatives of the company have been charged with crimes.

Now, just shy of a week after the Peruvian arrests, Kingdom777 (formerly WCM777) owner Phil Ming Xu has announced he is “commited to helping and blessing Peru”.

Huh? [Continue reading…]