If I’ve learnt one thing over the past year it’s that if you want to launch a Ponzi scheme targeting South Americans, you definitely need to have the “god factor”.

Forget speaking Spanish or Portuguese, forget having a local presence, forget even having a business model that makes financial sense, as long as you profess that god sent you there’s a seemingly endless queue of South Americans waiting to throw their life savings at you.

These people don’t give a damn where the money you promise them comes from and, particularly once the “god factor” has been established, they’re also inclined to believe anything you say. [Continue reading…]

Three weeks ago twe broke the news that Colombian President Juan Manuel Santos had personally ordered a police investigation into the local business operations of WCM777.

Twenty one days later, the results of that investigation are out. [Continue reading…]

Epic launched in 2013 and is headed up by CEO Glen Jensen (see BehindMLM Epic review here). As part of their launch Epic offered what they call a “$100 Million Dollar Leadership Development Strategy”.

We realise that top talent in any industry should have the respect and recognition they deserve.

We are attracting the best and brightest people from around the world to join in this Epic era.

This “strategy” is openly advertised on the Epic website, accompanied by a link to a corporate epic email address:

Presumably the idea is that affiliates and management of other MLM companies are to email Epic and, if they join the company, receive some of the $100 million Epic are offering.

Not surprisingly, one existing MLM company has taken issue with Epic’s offer and have filed a lawsuit against both Epic and their parent corporation, eCosway. [Continue reading…]

In what has not the best week for our two favourite Hong Kong based Ponzi schemes currently ravaging the MLM industry.

Indeed, with one facing regulatory action in the US and the other allegedly closed and not paying out investors, things don’t look good at all. [Continue reading…]

Yesterday saw the mediation settlement conference between TelexFree and Acre’s Public Prosecutors take place and, not surprisingly, nothing came of it. [Continue reading…]

The Click Dot Ad website contains no information on who owns or runs the company.

The Click Dot Ad website domain (“click-dot-ad.com”) was registered on the 29th of August 2013, however the domain registration is set to private.

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…]

After weeks of promising to reveal a “really good” revenue-sharing that MLM opportunity that everyone was welcome to invest in, a somewhat unexpected message appeared today over at ZTeamBiz.

November 13, 2013

Fellow Zeeker’s,  this is our final posting. As you know the goal was to assist the people of Zeek Rewards, and provide relevant information relating to the Zeek Receivership.

What? This from the guy who solicited donations to fight the Zeek Receivership and SEC, pledged his unwavering support for revenue-sharing MLM Ponzi schemes over the past year and a half and, only just last month, declared he was bringing Ponzi back Justin Timberlake style?

Robert Craddock, say it isn’t so! [Continue reading…]

It’s hard to get a sense of what happened between Bidify and the payment processor Towah. Starting around mid to early 2012, Bidify affiliates began reporting problems with getting their money out of the payment processor, who cited some investigation that could take “540 days” to get resolved.

The details of this investigation are sketchy and I don’t think Towah have ever actually clarified what it entailed. At least not in any great detail.

Regrettably the current situation between Bidify and Towah is rather extensive and due to sensitive information, there is unfortunately a limit to the amount of material we at this point can go public with.

Nonetheless what we are able to inform is that this is the result of two substantial incidents with Bidify;

The first being the changes made to the Bidify compensation plan, which led to a series of dissatisfied members who approached their banks and claimed to be victims of scam.

Shortly thereafter the second incident happened, where Bidify suffered a massive fraud attempt by the usage of multiple fraudulently credit cards.

The severity of these two events led to all accounts with our Cooperating Bank and Business partners to be frozen, and in the worst case scenarios it will be frozen for up until 540 days.

Thereafter a mistake was made in which allowed Bidify to keep running their compensation on paper, however the bank kept and still do keep the funds frozen, which in real terms means members are not able to use their existing Towah Funds.

Unfortunately we did not foresee the severity of these situations, and where therefore late in putting an end to the compensation payment made from Bidify to Towah Club Accounts.

Meanwhile Bidify affiliates were effectively cut off from the funds they’d invested into Bidify, as Bidify simply handballed the problem off to Towah and attempted to carry on business as usual.

Fast forward a year and a half later and other than Bidify changing its name to MyCenterBid, not much has changed. Echoing the furstrations of Bidify affiliates, now a British bank has also had enough. [Continue reading…]

Massive Ad appears to have launched in mid 2013 and operates in the advertising MLM niche.

There is no information shared on Massive Ad’s website (“massivead.com”) about who owns or runs the business, with the company only providing the following statement on their “Who we are” page:

 Massive Ad is owned by an international Company.

The Massive Ad website domain was registered on the 2nd of February and lists a “Morris Lee” as the domain owner, operating out of London in the UK.

A second name also appears on the registry entry, a “Mont Fleuri” operating out of Mahe in Seychelles.

A marketing video on Morris Lee’s Google Plus profile page provides a third location, stating that ‘Massive Ad is registered in Hong Kong, as well as Seychelles‘.

No further information about these registrations is provided on the Massive Ad website.

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…]

One Thor launched in November 2013, with a “Misael Martins” credited as the President of the company on the One Thor website.

Misael Martins appears to be one of Brazil’s top TelexFree affiliates, with a Google search revealing a ton of TelexFree marketing material mentioning him by name:

Martins appears to rely heavily on exotic cars in his TelexFree marketing efforts. Martins is also credited as a “top 10” affiliate in official TelexFree marketing videos:

Further research revealed One Thor affiliates relying heavily on Martins association with TelexFree to pitch the new opportunity. A marketing pitch example from one affiliate is reproduced below:

One of TelexFree’s leading affiliates (Sr Misael Martins) enters the Brazilian market on the day 11/09/2103.

One Thor promises to be the new wave of MLM world, with high earnings and even franchises.

The One Thor website domain (“onethor.com”) was registered on the 6th of October 2013, the domain registration however is set to private.

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