Government to investigate Indian Railways TVI saga
When “hundreds of employees” of India’s Central Railway Department lost “thousands of rupees” after senior management recruited them into the well-known pyramid scheme TVI Express, you’d have thought the first order of business would have been an investigation into management’s involvement and appropriate action being taken.
Yet seven months after news of the scam surfaced, the only people who have lost their jobs are the victims who dared to lodge written complaints against their superiors.
Reports were based on inputs by employees and victims who are shy of filing written complaints to avoid hassles. Those employees who filed complaints were forced to withdraw by officials who were involved.
This was of course after Brijesh Dixit, Divisional Railway Manager, publicly urged ‘victims of the scam‘ to ‘come forward to complain that they were cheated‘. [Continue reading…]
Kingdom Craze Review: Virtual estates & tributes?
There is no information on the Kingdom Craze website indicating who owns or runs the business.
The Kingdom Craze “Terms and Conditions” do mention a “Kingdom Craze LLC” operating out of Texas in the US. A Google search reveals multiple businesses operating out of the provided street address (including FedEx), indicating that it is just virtual office space or a PO Box.
Further confusion arises with Kingdom Craze indicating a possible business registration in the state of Nevada:
By visiting the Website, even if accessed from a location outside the United States, You agree that the laws of the state of Nevada will govern these disclaimers, Terms of Condition, or Privacy Policy, without giving effect to any principles of conflicts of laws.
You hereby irrevocably and unconditionally consent to jurisdiction in the state of Nevada.
Corporation Wiki links a “Ehrich Pakala” as an “Manager” of Kingdom Craze LLC (Texas), however I wasn’t able to find any information specifically connecting Pakala to the MLM industry.
Read on for a full review of the Kingdom Craze MLM business opportunity. [Continue reading…]
Dissecting a JubiRev “we are not a Ponzi” webinar
It’s no secret that following the regulatory shutdown or organic collapse of several “revenue-sharing” MLM companies over the past year, those left in the niche are doing everything they can do distance themselves from the “Ponzi points” model.
That is, everything short of abandoning the re-worked Ponzi scheme model itself.
Just days after GoFunRewards shutdown operations in the US after “being advised” by their lawyers that their revenue-sharing model was “illegal”, JubiRev Video Manager T. LeMont Silver hosted a JubiRev webinar, titled “Why I believe Jubi will pass the regulatory test when it comes”.
Clocking in at one hour and twenty-four minutes in length and with JubiRev running a near identical business model and compensation plan to Zeek Rewards (shut down by the SEC for being a $600M Ponzi scheme), I was curious to hear how Silver was going to distance JubiRev from a Ponzi scheme. [Continue reading…]
Sisel Compensation Plan v2.0 Review
I first reviewed Sisel back in April 2012 and hit the company hard over its ridiculous compensation plan material:
Nothing prepared me for the absurd complexity and unnecessary headache that is the Sisel compensation plan.
After four or five days of trying to get my head around it I finally think I managed to present in a way that’s understandable. But even I’m painfully aware that my break down still reads like something that was designed for math nerds.
Forget the company history and forget the product line, as far as success with Sisel goes you’re going to have to spend countless hours studying their compensation plan if you want a hope in hell of explaining to new members how they’re going to get paid.
As someone who’s reviewed hundreds of MLM company compensation plans, if it takes me four or five days just to get my head around it god help Joe Average when he’s trying to do his due diligence.
This I felt was inexcusable and despite Sisel’s compensation plan being orientated towards preferred customers and autoship (still retail), I couldn’t let the absurd complexity of their compensation go.
Earlier this year Sisel updated their compensation plan, presumably in the hopes that it wouldn’t be as confusing as the last one. Did they succeed?
Let’s find out. [Continue reading…]
AdHitProfits Review: 125% ROI scheme
There is no information on the AdHitProfits website indicating who owns or runs the business.
The company’s website domain (“adhitprofits.com”) was registered on the 18th of March 2013, however the domain registration is set to private.
Several AdHitProfits affiliates are naming a Charles Scoville as the owner of AdHitProfits.
On his Facebook profile Scoville describes himself as an “entrepreneur” and “home business owner”, with several comments left on the page confirming his ownership of AdHitProfits:
A Google search reveals a long history of Scoville launching low-level investment opportunities, pay to click and pay to advertise sites. Scoville is/was also an affiliate in the well-known pyramid scheme, Tvi Express, under the account “tvivacation_ws”.
AdHitProfits appears to be but the latest installment of Scoville’s numerous income schemes.
Read on for a full review of the AdHitProfits MLM business opportunity. [Continue reading…]
OfferHubb v2.0: Mixing AdSurf Daily & Zeek Rewards
OfferHubb first popped up on my radar back in December 2012 after it was pitched by former Zeek Rewards frontman Robert Craddock.
In the aftermath of the $600M Zeek Rewards Ponzi apocalpyse Craddock requested affiliates send him money to mount a communal legal defense, and after receiving their money turned around and announced it would be used to defend Craddock and 12 of his buddies (dubbed the “Craddock 12”).
Zeek Rewards affiliates who pledged money to were asked to pay an additional sum of around $300 for a replicated legal letter, with anything resulting afterwards being up to the affiliate to handle.
Meanwhile what Craddock did with the money he received from Zeek Rewards affiliates was never made public.
Shortly after all of this occurred OfferHubb came along.
Craddock’s exact relationship with OfferHubb still isn’t clear however he does appear as a corporate spokesperson for the company in videos.
Shortly after the initial OfferHubb review appeared on BehindMLM, the company’s site was pulled along with all information pertaining to the business model and compensation plan.
Referred to as a “misstep” on a recent OfferHubb affiliate call, Craddock explains that the company runs a “live” and “beta” site, with the disappearance of a publicly viewable OfferHubb site the result of them releasing it “too quick”.
Five months later it appears the “beta” version of OfferHubb is near completion, with the company set to relaunch itself.
From what I’ve reviewed much of the compensation plan detailed in the original BehindMLM review has remained intact, with a few commission percentages having been tweaked here and there.
What hasn’t changed however is the underlying Ponzi points “revenue-sharing” scheme at the heart of the compensation plan. The same plan Zeek Rewards used with penny auctions (points) and similar to that of AdSurf Daily (advertising).
With OfferHubb combining these two models, today I thought we’d pull out of the compensation plan the key components that echo the business models of both scams before it. [Continue reading…]
Ted Nuyten (Business For Home) rips off BehindMLM
The MLM blogosphere is populated by a handful of individuals who, either directly or indirectly keep regular contact and bring you their respective coverage of the happenings in the MLM industry.
It’s a wide-spread of viewpoints but together I think we do a pretty decent job of covering what needs to be covered. I can’t speak for other MLM blog owners in the niche but I do make the effort to check in with several MLM blogs every few days, mostly to minimise me missing something I might have otherwise, and of course for general research.
It’s always great to want to know something for an article and find another respected MLM blogger has already done the ground work and covered it.
When I do use another blogger’s information, I’m always sure to reference my source which, as is typical in the blogging world, includes a link back to the source material and full acknowledgement.
With the MLM blog niche being relatively small (I’m not talking about marketing blogs, which number in the thousands), I’m happy to say that the authors in it do a pretty good job of crediting eachother.
I even go so far as to nuke comments from readers that use uncredited source material that I’m confident came from another MLM blogger.
With all that in mind, it was disappointing to read a report over at Ted Nuyten’s Business For Home Blog this morning. A report that was mostly just straight up copy and pasted from an article I’d only just recently written here. [Continue reading…]
Matrix Cycler Review: $30 recruitment scheme
There is no information on the Matrix Cycler website indicating who owns or runs the business.
The Matrix Cycler website domain (“matrixcycler.net”) was registered on the 9th of April 2013, however the domain registration is set to private.
Matrix Cycler appears to be hosted on a private server, along with the income opportunity “Diamond Wealth Club”.
Diamond Wealth Club launched in February 2013 with an “Andrew Williams” (also referred to as “Andrew Williams Alderson”) signing off on company emails sent to affiliates. In the emails, Alderson claims to be based out of London in the UK.
Diamond Wealth Club charged affiliates $15 to participate in a matrix-based recruitment scheme and appears to have stalled shortly after launch.
Read on for a full review of the Matrix Cycler MLM business opportunity. [Continue reading…]
GoFunRewards pull the plug on revenue sharing
GoFunRewards first popped up on my radar as an MLM penny auction startup. In late 2012, GoFunRewards announced it was going to launch a revenue sharing based penny auction under the brand “Go Fun Places”.
When GoFunRewards finally got around to launching in early 2013, the company got off to a rocky start with the news that former CEO Randal Williams had ditched them to go start his own revenue sharing opportunity, JubiRev.
Former Agel CEO Glen Jensen briefly stepped in, before he abruptly resigned just over a month after taking up the position.
That was in late March and throughout April GoFunRewards continued to remain open for business however on the MLM opportunity side things seem to flounder.
Today the owners of GoFunRewards, eAdGear (who are based in Hong-Kong), announced that they were shutting down GoFunRewards and “terminating” US-based affiliates. [Continue reading…]
PureNRG FX Review: A Playboy branded energy drink?
When I think of Playboy I think of three things: softcore pornography, airbrushing and Hugh Hefner (preferably not at the same time).
Seeking to add energy drinks to that list with an attached MLM compensation plan comes new startup PureNRG FX. I’m not a reader of Playboy but I suppose I could see how an energy drink might compliment a particularly strenuous… uh, reading session.
Unfortunately there’s no information on the PureNRG FX website indicating who owns or runs the business.
The PureNRG FX website domain was registered on the 9th of April 2013 and lists an Al Kemp from “Nu Way Biz” as the owner, operating out of Virginia in the US.
I wasn’t able to find any further information on Al Kemp or Nu Way Biz in relation to the MLM industry, however I did note that PureNRG FX are using the name servers of Blue Bird Bids.
Blue Bird Bids is an MLM penny auction company that was launched in late 2012 and now appears to be in decline.
There appears to be some connection between Blue Bird Bids and PureNRG FX but pending anything further surfacing, for now the exact nature of the relationship between the two companies is unclear.
Read on for a full review of the PureNRG FX MLM business opportunity. [Continue reading…]