Hot on the heels of the revelation a few weeks ago that TelexFree is being openly promoted as an investment opportunity in Peru, today Peruvian congressman Jaime Delgado has issued a statement warning the public about WCM777.

Whilst the context Delgado’s warning was made in isn’t clear, the message to would-be and existing Peruvian WCM777 affiliate investors certainly is: [Continue reading…]

Brain Abundance operate in the dietary supplement MLM niche. No contact information is available on the Brain Abundance website, leaving the question of where the company is based out of unanswered.

The Brain Abundance website domain (“brainabundance.biz”) was registered on the 24th of September 2013, however the domain registration is set to private.

Despite the lack of contact information provided, Brain Abundance are forthcoming with their corporate staff. Named as CEO and co-founder of Brain Abundance is Eric J. Caprarese, with Pejman Behrouzi named as fellow co-founder and Chief Science Officer.

In his Brain Abundance corporate bio, Caprarese is credited with being ‘a top income earner in multiple companies over his 25 year career in‘ MLM.

In an interview conducted by MLM attorney Kevin Thompson earlier this year in March, Caprarese reveals his first exposure with MLM was with “the big ‘A'” (A.L. Williams & Associates, now Primerica).

According to Caprarese’s LinkedIn profile, his most recent MLM venture prior to Brain Abundance was PureNRG FX. PureNRG FX launched earlier this year and marketed a Playboy branded energy drink.

PureNRG FX is still running and operational today, however interest in the company has been in decline since mid June or so.

It’s worth noting that PureNRG FX itself was a relaunch the failed Blue Bird Bids MLM penny auction business. Blue Bird Bids was launched in late 2012 and sought to capitalize on the shutdown of the $600M Zeek Rewards MLM penny auction Ponzi.

In early 2013 Blue Bird Bids was scrapped and replaced by PureNRG FX (using a completely different business model and compensation plan).

Eric Caprarese doesn’t mention any involvement in Blue Bird Bids in his LinkedIn profile, however a Google search reveals a webpage dedicated to him on the Blue Bird Bids website domain (now defunct):

Unforunately the page that listing refers to has since been pulled from the internet, so in what capacity Caprarese was associated with Blue Bird Bids is unclear.

In addition to his involvement in Blue Bird Bids and PureNRG FX, Caprarese also lists himself as “President & CEO” of several non-MLM companies.

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

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…]