OwnProfits Review: 150% ROI “shares”
There is no information on the OwnProfits website indicating who owns or runs the business.
The OwnProfits website domain (“ownprofits.com”) was registered on the 8th of August 2013, however the domain registration is set to private.
Affiliates are naming an “Eric Teng” as the owner of OwnProfits on social media, which appears to be supported by Teng’s presence on the OwnProfits Facebook page:
On his personal Facebook profile Teng lists his location as Singapore, which correlates with a supplied address on the OwnProfits website that is also based in Singapore.
On the MLM history side of things, Eric Teng was most recently the Chief Technology Officer of AdSpacePro.
AdSpacePro launched in July 2013, accepting $5 investments from affiliates on the initial promise of a 150% ROI. All revenue was sourced from new affiliate money and paid out to existing investors using the familiar “Ponzi points” style compensation plan.
On August 19th, AdSpacePro CEO Thomas Winegard sent out the following “compliance update” to affiliates, explaining that he’d only recently been informed Ponzi schemes were illegal in the US:
AdSpacePRO – Compliancy Update
Dear AdSpacePro Member, Firstly, I would like to thank you for your patience while we are in Beta Launch and understanding the technical errors that we have incurred and the downtime that it has taken to get them resolved.
I unfortunately write to you today with another major hurdle that AdSpacePro has come across. Due to new laws in the USA that have come into effect, their are certain aspects of AdSpacePro that will no longer make us fully compliant.
It is not only AdSpacePro that has to change our business model to fall within their guidelines (To Continue Operating LEGALLY), but many of the other rebate programs throughout the internet. Even big boys on the block will too have to make changes.
We have had a look at our options to either keep the website functioning, slowly changing things one step at a time, or to put the website back into pre-launch stage, rectify everything that we need to do to stay legally compliant, and then re-launch on the 1st September as a fully functioning, fully complaint business opportunity.
I am sure that some of you may feel concerned about our capabilities or in the thought that we are in trouble. All of you that have spoken to me know that this is most defiantly not the case at all! I am not going anywhere! It is just unfortunate that these changes in government rules has come at the stage just after we launched in Beta.
So where does this leave you?
1) All membership fees made to ASP will be refreshed on the 1st September so be advised that you have not lost anything
2) All purchased shares will be credited to your account balance for you to use again on launch date; therefore you have lost nothing here.
The only thing lost is time, which is frustrating for not only you but us as well.
We are sorry for this further delay, but I am sure that you will agree with me that it is in the benefit of the whole family to get these changes made before we really kick off.
We don’t want to be on the other side of the law at any stage and therefore it has been our decision to put AdSpacePro website “Under Maintenance” until the 1st September to allow us to complete and change these necessary steps.
I would like to thank you for your support and understanding through this time. When we come back, we will be bigger, better, fully compliant and have everything ready for our members to log into and start building your business and making money online.
At this time I would like you all to retract any public promotions on any website on the internet in which you have publicly promoted.
The use of revenue sharing will not be allowed to be used ever, passive income will not be aloud to be referenced in any presentation of the adspacepro,and distributors, you may not say we share our profits with you.
Upon starting up the site again there will be a new Advertising Rebate Model that will be introduced. You will receive Advertising Rebate Value each time you purchase and apply your advertising to a campaign.
There is a lot of other things coming as well, the point system will be phased out, We have a brand new Advertising platform called the Web Traffic Driver.
We will open the back office back up as soon as we can go in and remove the (ASpace Packages) infrastructure without causing any more technical hick ups, once this is done we can reopen and allow you guys to begin earning commissions again off the sale of advertising.
P.S Please to not forget to retract all marketing campaigns to AdSpacePRO for the time being and, you should only ever show the latest revised compensation plan and Income Disclosure statement to a prospect in a private manner.
Please make Sure To Check The News Section Daily To Receive Our Important Updates Again, No public advertising of the biz opportunity, only within private areas, in which only they or the people interested/invited may learn more about the compensation plan.
The revised compensation plan, and Income Disclosure Statement will be released after it has been approved by an MLM lawyer.
Our public focus is on developing new relationships with advertisers <–(Customers) that will purchase our revolutionary new products to help drive traffic to their site, and get more leads Products: (Web Traffic Driver + AdSpacePRO Tool Set)
I had to cut my ties with my last lawyer who failed to make me aware of recent changes that will be taking place in the U.S Regulations, we now have one of the top MLM Lawyers that will be helping us construct a complaint and beneficial platform for the people.
Kevin Thompson, has multiple clients in the MLM industry and comes highly recommended to me as someone “Who knows his stuff” We will also be purchasing a compliance training course presented by Kevin himself that all distributors must complete, in order to properly represent AdSpacePRO, and what you can or can not say or do!
Kind regards, Thomas Winegard CEO AdspacePro!
As above Kevin Thompson was named by Winegard as AdSpacePro’s new lawyer, however no clarification is made of the supposed “new laws that have come into effect” in the US since the launch of AdSpacePro in July 2013.
After the compliance update Winegard thing seem to have deteriorated. On the 15th of September Eric Teng advised via Facebook that he was “officially out of AdSpacePro”.
Less than 24 hours later Teng went on to post the following:
Alright, now that I am calm, I’m just going to lay down some facts just so you guys can see what kind of person Thomas Winegard is deep down inside. This include the ones you already knew and the ones you maybe didn’t know about.
1) He said bad things about people behind their backs… and I’m not talking just about any people… I’m referring to people like Chris Donnelly, Nikki De Chalain, Edward Elliott who have helped him so much.
How ungrateful can a person be? If Thomas can do such things to me and all those close to him, then I cannot imagine what kind of things he can’t do to others who helped him less.
2) Greed got to Thomas and why do I say this? He keeps wanting to reduce the equity of his partners (both Chris and mine) from the day the business starts.
It started from 33.33% each, and then he reduced Chris to 15% and now maybe less. He reduced mine from 33.33% to 10% to now 0%.
3) AdSpacePro is broke. Only a week ago, I gave Thomas my credit card details (yes, that’s how much I still trusted him 1 week back) so that he can purchase something he needs (and it cost less than $100).
He still has my credit card details but I’m going to cancel it tomorrow.
The lawyer fees are $8k and I estimate we need about another $15k-$25k to pay off the members when the shares expire plus the account balance so I’m not sure how he’s going to dig out ($8k + $15k = $23k) or ($8k + $25k = $33k) based on my estimation.
4) I did not break any agreement because I specifically told Thomas that I am starting a new rev sharing site and he agreed.
I even ask him on 2 different occasions if he wants shares in it, and he did not. Despite this mutual agreement, I guess he is using the chance to kick me out so he can have my ASP shares to his own.
Common sense tells you that if I wanted to launch my own rev sharing site secretly, I wouldn’t have posted on my Facebook timeline publicly since Thomas is on my list and he could see it.
The reason I do it is because we had a mutual agreement and I think it’s ok to do so. I have proof of him agreed to my rev sharing site, yes.
5) For those who knew, I programmed the whole ASP system from scratch, been defending ASP each time some of you come asking and I kept saying ASP is not a scam (because until a couple days ago, I still trusted Thomas like some of you). And he claims I’m not loyal?
Someone who isn’t loyal to the business won’t offer his credit card to him and definitely won’t offer to inject $20k to keep AdSpacePro afloat because like I said, it’s broke.
6) Thomas kept giving promises and deadlines that wasn’t delivered. This did not happen just 1 or 2 times so it’s definitely not an accident, it’s his habit.
I’m sure you all know about all these broken promises by now, but for those who are new, yeah he kept giving false promises and bad deadlines.
7) Thomas changed the compensation plan to benefit himself at anytime he likes it!
For example when it was first started, he lure people in with unlimited shares and then limit the amount and today, nobody has any shares because AdSpacePro is broke and he’s not going to pay the shares.
Luring people in with a promise and then deliver something less and then at the end, deliver nothing, this is very unethical way of doing business. If he is serious about ethics, he should pay off the shares as promised first, you can’t simply steal/erase people’s assets/money like that without any compensation!
He’s basically taking everyone who trusted him as a fool.
I feel upset because I remember right from the start, we (some members and I) defended Thomas when he argued with some members, argue with David Dave Clayton (and David has the rights to be angry because members are indeed given false promises to come into ASP), and even argue with Charles Scoville and others who posted his mugshot photo.
Now given all the lies Thomas made and all the broken promises, I am beginning to start doubting his mugshot story.
It might well been him who stole the things just like how he stole my company equity from me. If he can do all these things to people, then why can’t he spin a story about his arrest?
For those who defended him today, I see a mirror image of myself on you, people who were being used by him because we trusted him too easily.
I am happy to provide proofs on all the above points I said. He is no longer worth me helping. Before today, I didn’t say all these because I was prepared to let the matter drop and let AdSpacePro continue, but when he started making threats today and hurling vulgarities at me, this broke the limit.
I am not weaken by threats, I always come back stronger when facing challenges like this.
At the time of publication the AdSpacePro website advises visitors that “something big is coming”, displaying a timer that has four days left on the count.
Despite the claim on the OwnProfits website that it’s been ‘a registered company in Singapore since 2009’, quite clearly as an MLM income opportunity the company only came about following Thomas Winegard’s AdSpacePro compliance backflip back in August.
Read on for a full review of the OwnProfits MLM business opportunity. [Continue reading…]
NuChoice Compensation Plan v2.0 Review
When I first reviewed NuChoice back in October 2011, although I identified a strong retailable product line I identified potential competition issues between affiliates trying to market it.
In short, NuChoice affiliates were able to set their own retail prices which could result in existing and established affiliates undercutting new affiliates. This would as such make it difficult for a new affiliate to get into the business and concentrate on generating retail sales.
This left new affiliates having to focus on preferred customers and affiliate recruitment, which seemed to pay more but offered less of a stable business to work with over the long-term.
Almost two years after I first reviewed NuChoice, the company has decided to change its compensation plan and add a matrix component to what was otherwise a standard unilevel plan.
Read on for a review of NuChoice’s new v2.0 compensation plan. [Continue reading…]
TelexFree file lawsuit against Brazilian media
No doubt frustrated at the amount of legal setbacks the company has experienced in Brazil’s courts, TelexFree today announced that they were initiating legal action against the media company Globo.
Globo, who have been diligently reporting on TelexFree’s ongoing legal failures over the past few months through their online news portal “G1”, are the largest media group in Latin America and ranked 17th in the world for global media ownership.
Last Tuesday the topic of TelexFree came up on “Mais Você”, a television show hosted by Ana Maria Braga on the Globo television network.
With the discussion reflecting the obvious Ponzi scheme nature of the business evident to anyone who hasn’t invested money in the company, at one point during the three-minute segment Braga jokingly asked “whether or not TelexFree’s affiliates were bandits”.
Cue internet firestorm from TelexFree and its affiliates. [Continue reading…]
HybridAdz Review: Auflo scheme fund feeder
A welcome message published on the HybridAdz website has the name “Deirdre L. McCormick” attached to it, credited as HybridAdz’s CEO. Outside of HybridAdz itself however, I was unable to find an MLM history for McCormick (either as an affiliate or executive).
The HybridAdz website domain (“hybridadz.com”) was registered on the 14th of August 2013 but the domain registration is set to private. Of note is that the HyrbidAdz domain uses the name servers of Auflo, which appears to be some sort of app marketplace with an attached MLM income opportunity.
Auflo launched in July 2013 with a “Tim Hays” (also goes by Timothy Hays) named as the owner of the scheme by affiliates on social media.
Auflo charged affiliates $2.40 for matrix positions and required a constant influx of new members to purchase positions to keep matrices cycling. Affiliates were charged $2.40 for a “subscription”, with each subscription generating a new matrix position each week.
On September 3rd Auflo attempted to launch a revenue sharing scheme, however the scheme collapsed and was shut down by the company on September 14th.
Explaining the emergence of HybridAdz, Hays sent out the following email to affiliates on September 7th:
Introducing our first white label website by Deirdre McCormick
Hybridadz was built using a similar structure to AUFLO, except that it has a SUPER FAST 2×2 with double re-entries!!! 5X FASTER! – LIGHTNING SPEED! – $1.00 DAILY Subscriptions”
Call me cynical but with their revenue-sharing scheme failing it appears Hays is in need of new funds to keep Auflo going, hence the launch of HybridAdz and the script recycle “white label” cover story.
Read on for a full review of the HybridAdz MLM business opportunity. [Continue reading…]
RevShareCycler Review: JubyAdShare Ponzi reboot
The RevShareCycler website domain (“revsharecycler.com”) was registered on the 6th of August, however the domain registration is set to private.
RevShareCycler claims to be run by a ‘responsive, trusted and well known admin‘ and buried at the bottom of the RevShareCycler FAQ, the company reveals who is behind the opportunity:
RevShareCycler is owned by two experienced partners. Andrew William Carleton and Williams Alderson both in United Kingdom.
Andrew William Carleton handles the technical aspect of the program and Williams Alderson a well known online market leader handles the admin section.
Curiously, it appears RevShareCycler’s Terms and Conditions have been copied and pasted from the failed scheme JubyAdShare:
JubyAdShare launched in mid July 2013 and accepted deposits from affiliates ranging from $10 to $1000. In turn, JubyAdShare promised affiliates a ROI of between 120-135%, depending on how much money they deposited into the system.
No mention is made of who is running JubyAdShare on the company website (“jubyadshare.com”), however affiliates name a “Jade Edswill” as the scheme owner on various social media sites.
By Mid August the JubyAdShare scheme had collapsed, with the company losing it’s Payza account and the usual claims of “DDOS attacks”.
At the same time JubyAdShare collapsed Edswill launched its successor, JubyAdBank. At the time of publication, JubyAdBank is having problems with payment processor SolidTrustPay and recently implemented a forced 50% re-investment rule.
As per the source-code of the JubyAdShare and RevShareCycler websites, we can see that they are running the same backend script:
On the JubyAdShare FAQ, this backend script is revealed to be “ShadowScript”:
WHAT SCRIPT ARE YOU USING AND HOW SECURED IS YOUR SYSTEM?
A: Our program runs on licensed ShadowScript specially customized for our profit share system.
The JubyAdBank website source-code is slightly different to JubyAdShare and RevShareCycler’s, however at the bottom of the JubyAdBank website the company credits ShadowScripts as a “technical partner”:
On their website, ShadowScripts claim to be “the trusted HYIP software suite”, providing ‘the best HYIP, Private Investment, AutoSurf, Referral, Matrix and Re-Cycler management software‘.
HYIP of course standing for “High Yield Investment Program” and being synonymous with Ponzi schemes in the MLM industry.
Getting back to RevShareCycler and its admins, I was unable to find any information on Andrew William Carleton. Williams Alderson however has popped up previously on BehindMLM as the admin of Diamond Wealth Club, which was found to be hosted on the same server as Matrix Cycler.
Matrix Cycler was a $30 a position pyramid scheme that launched in May 2013 and went into decline shortly after launch.
Note that Williams Alderson credited himself as Andrew Williams Alderson in his Diamond Wealth Club affiliate emails, whereas he appears to be omitting “Andrew” from his name in RevShareCycler.
Also worth noting is the suspicious similarity between the names “Andrew William Carleton” and “Andrew Williams Alderson”. It has been my experience that co-incidences of that magnitude are a rarity in MLM circles, and are usually the attempt at covering up information that is not meant for public consumption.
Read on for a full review of the RevShareCycler MLM business opportunity. [Continue reading…]
Infinity 2 Global Review: Global casino rev share?
Infinity 2 Global appears to have launched in early 2013 and are based out of the US state of Kentucky.
Heading up Infinity 2 Global (I2G) is President and CEO, Rick Maike.
Rick has been involved in the Network Marketing Industry for the past 25 years.
He has been a successful distributor and has owned and operated two Network Marketing companies that have generated over $100 Million in sales. Both of those companies are still in business today.
As President/CEO of I2G, Rick brings a tremendous amount of both Domestic and International experience in the network marketing and general business arena.
As a former top earner in the field, he has a great perspective on what is needed to be successful and from the corporate side he has a proven track record that is second to none.
The two companies mentioned in Maike’s I2G company bio are Healing America (1997-2010) and Velocity International Marketing (2007-2011), both in which Maike (right) served as CEO and President.
Despite the claim that Healing America is “still in business today”, unless I’m missing something obvious the company appears to be defunct (the domain “healingamerica.com” does not resolve).
As for Velocity International, they also no longer exist. As per Maike’s LinkedIn profile,
we were able to build a very successful company primarily in Asia and merged it into a top 100 MLM company.
That “top 100 MLM company” was bHIP Global, which Maike served as Asia-Pacific President from 2011 up until April 2013.
bHIP Global operate in the health, wellness and personal care) and was launched in 2007. Founded and owned by Terry Lacore, bHIP has had its fair share of controversy since launch.
Presumably upon leaving bHIP Global earlier this year, that’s when Maike set about launching Infinity 2 Global.
Before we get on with the review I think it’s worth noting that in the I2G website domain registration, a “Mary Ann Alford” is listed as the domain owner. Despite my best efforts I was unable to find any further information on Alford and what her connection to or specific role is within I2G.
Read on for a full review of the Infinity 2 Global MLM business opportunity. [Continue reading…]
14th TelexFree Acre injunction appeal denied
With TelexFree themselves seemingly having exhausted their injunction appeal options over no less than thirteen separate appeals, all unanimously denied, the company’s affiliates have taken up the slack in the hope that they can convince a judge to lift the Acre injunction.
The Acre injunction, granted to Public Prosecutors back in June, prohibits TelexFree from paying affiliates in Brazil or signing up new affiliate investors.
Fifty-two TelexFree affiliates filed an application for an injunction against the Acre injunction. The group of affiliates claimed that the decision to effectively put a stop to TelexFree’s Brazilian operations is illegal because it infringed on their right to participate in the opportunity and earn from it. [Continue reading…]
Global Payroll Gateway processor drops TelexFree
In yet another blow to TelexFree’s non-Brazilian operations, today Global Payroll Gateway announced that they were dropping the company.
Global Payroll Gateway’s announcement comes on the back of weeks of commission delays for TelexFree’s affiliates, with the company itself failing to pay affiliates for close to a month now. [Continue reading…]
Revision Network Review: Four tier pass-up scheme
Revision Network launched in mid 2013 and are based out of the US state of Nebraska.
That said, the Revision Network Terms and Conditions are bit confusing, with the company stating that
These Terms and Conditions shall be construed in accordance with and governed by the laws of the United States and the State of California, without reference to their rules regarding conflicts of law.
But then in the next sentence,
You hereby irrevocably consent to the exclusive jurisdiction of the state or federal courts in Gage County, Nebraska, USA in all disputes arising out of or related to the use of the Site or Service.
I’m not expert in law but I’d assume trying to apply Californian law in a Nebraskan court might bring with it some issues.
In a marketing video on the Revision Network website (“revisionnetwork.com”), the company claims to be owned by “JPB Publications”.
JPB Publications (“jpbpublications.com”) claim to be ‘the premier resource center for internet and network marketers’, with the company having been ‘family owned and operated since 2006‘.
Heading up JPB Publications is Brian Barnhouse (right). Featured on the JPB Publications website are a series of websites the company owns, which primarily offer network marketing advertising and training services.
Revision Network appears to be Barnhouses first fully fledged MLM company venture.
Read on for a full review of the Revision Network MLM business opportunity. [Continue reading…]
AdShareWin Review: GMSeven’s successor?
The AdShareWin domain (“adsharewin.com”) was registered on the 25th of July 2013, however the domain registration is set to private.
On the AdShareWin website, the company names a “Johny Blend” as the company’s CEO but fails to go into any detailed specifics.
Personally I have reason to believe that Johny Blend doesn’t actually exist. For starters back in August AdShareWin were claiming Johny Blend lived in Melbourne, Australia:
Whereas today, Blend now apparently lives in New York:
Further suspicion arises when it is revealed that the copy used to market Johny Blend appears to be ripped off of other websites.
For instance the AdShareWin Blend bio contains the following paragraph:
Johny Blend is a marketing expert from 1999, living now in New York, USA, professional speaker and team builder! Marketing, a marketing strategy firm dedicated to making thought-leading entrepreneurs and executives more successful.
That bolded sentence? Doesn’t really make much sense, does it.
That’s because it’s been ripped from the LinkedIn profile of Do It! Marketing’s David Newman:
David runs a marketing strategy firm dedicated to making thought-leading entrepreneurs and executives more successful.
They simply replaced “David runs a” with the word “marketing”, added a comma and then apparently forgot to proof-read the poor copy and paste effort.
The final nail in the coffin was the surfacing of what appears to be an early prototype of the AdShareWin website, surfacing on the Skippy Advertising domain and featuring a GMSeven logo:
Hosted on the “mail.skippyadvertising.com” domain, the AdShareWin prototype is no longer online, however Google Cache cached the site back on the 25th of August.
Skippy Advertising is the successor of Skippy Cash Matrix, which were both owned and operated by Grigore Turcanu (also known as Greg Turcanu).
Skippy Cash Matrix launched in mid 2012 and under the guise of selling advertising, paid affiliates to recruit new affiliates via a series of matrices.
By October things seemed to be in decline with Turcanu (right) rebranding the company as Skippy Advertising and attempting to relaunch it.
GMSeven is again the successor to Skippy Advertising and was launched in May of 2013.
All three of Turcanu’s company’s used a recruitment-driven matrix-based compensation plan, charging affiliates a monthly fee and paying commissions based on affiliate recruitment.
In addition to running his own companies, Turcanu has also promoted several dubious schemes as an affiliate. In his APSense profile, Turcanu can be seen promoting the now defunct Ponzi schemes JSSTripler and JustBeenpaid.
I also couldn’t help but notice that in his APSense profile, Turcanu lists himself as being “from Melbourne, Australia”.
Johny Blend is supposedly from Melbourne, Australia too… make of that what you will.
Read on for a full review of the AdShareWin MLM business opportunity. [Continue reading…]