Back when I first reviewed iWowWe in September 2011, the company offered two primary products, video email and “video meeting” (conferencing).

This was initially offered as a package at $69.95 upfront and then $20 a month recurring.

This was the only way to buy iWowWe’s products and provided access to the compensation plan. As such there was no option to be a true retail customer of the company.

Coupled with a matrix-based compensation plan, this effectively led to affiliates being only able to recruit affiliates and being paid commissions out of their monthly membership fees.

In September 2011 I noted several changes to iWowWe’s compensation plan. iWowWe split their product package into a Basic ($75 upfront and $20 a month) and Premium ($195 upfront and $20 a month) offering, increased the compensation matrix from 3×7 to 3×9 (with additional legs possible) and introduced membership ranks.

Once again there was no separation of retail customers and affiliates, with both the Basic and Premium Packages offering access to the compensation plan. The membership ranks introduced used recruitment criteria and given the strong impact they had on an affiliates commissions, were at the core of the new plan.

For whatever reason, the matrix based compensation plan hasn’t worked out for iWowWe and as of March 2013 they’ve ditched it altogether.

Introducing the third re-incarnation of the iWowWe compensation plan since I’ve been tracking the business, today we look iWowWe’s new binary-based compensation plan. [Continue reading…]

I received an anonymous tipoff this morning informing me that GoFunRewards’ parent company eAdGear had filed a civil lawsuit against former President Randy Williams.

Sure enough when I checked the newly filed cases list of the North District Court in California, there it was:

As per the information above, the suit was filed in San Francisco on March 15th and has been assigned case number “13-1186”. [Continue reading…]

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

The Zegolia domain (“zegolia.com”) was registered on the 10th of February 2013, however the domain registration is set to private.

On the Zegolia blog a “Alexandre Ferrari” is credited as being a part of “Zegolia Marketing”.

Further research reveals that on the Zegolia domain, a banner for AdCashNetwork exists:

AdCashNetwork was a Ponzi scheme launched in 2009, with newsletters sent out by the company signed off on by a “Fred Richards” and “Lisa Bim” (also known as Lisa Ross).

Five months after launch, AdCashNetwork collapsed. Blaming “not enough sales” (new investments) as the reason, Bim/Ross sent out the following email to AdCashNetwork members:

Dear ACN members,

We wish to notify our members that since the last few weeks, ACN has not been generating enough sales and as such we are not having enough funds to do rebate payout .

This week, their will be no rebate payouts. Hopefully, the things will improve and we should be able to pay rebates the next few weeks.

Thanks

Lisa

ACN Team

Five days later the AdCashNetwork website was pulled offline and the admin(s) disappeared.

Now two and a half years later, the admin(s) of AdCashNetwork appear to be back again with Zegolia. Read on for a full review. [Continue reading…]

I’m going to preface this article by stating that the exact nature of the business relationship between T. LeMont Silver and JubiRev has to date not been made public.

Silver is an affiliate of JubiRev but is also responsible for virtually all of the affiliate training videos the company has put out, as well as hosting most if not all of JubiRev’s affiliate training and marketing calls, as well as the company’s webinars.

Additionally, Silver was present at JubiRev’s recent “JubiMeeting” held on March 6th, sitting alone in the front row:

Whatever the extent of the relationship between Silver and JubiRev is, it obviously extends well past being a top affiliate of the company.

Update March 30th 2012 – In a lawsuit filed by eAdGear (parent company of GoFunRewards) against JubiRev and former President Randal Williams, T. LeMont Silver was named as a “Video Manager” of JubiRev.

This indicates that Silver has an executive role in JubiRev beyond just being an affiliate of the company. /end update

With that in mind it was a recent such call that caught my attention, raising new and confirming ongoing red flags with the yet to be launched JubiRev MLM business opportunity. [Continue reading…]

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

GlobAllShare’s website domain (“globallshare.com”) was registered on the 19th of September 2012 but only lists “GlobAllShare Inc.” as the owner.

An address in London in the UK is provided, however a Google search reveals virtual offices are for sale at this address for around $200 a month.

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 MegaMoneyHybrid website indicating who owns or runs the business.

The MegaMoneyHybrid domain (“megamoneyhybrid.com”) was registered on the 1st of February 2013, however the domain registration information is set to private.

It’s worth noting that a YouTube  marketing video on the MegaMoneyHybrid website has been uploaded by the account “FastCashMega1”:

This indicates that whoever is behind MegaMoneyHybrid is also behind FastCashMega.

Fast Cash Mega is a Ponzi scheme launched in January 2012. Affiliates invest anywhere between $10 to $5000, with the company guaranteeing a 300% ROI.

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…]

Billing themselves as ‘a Fellowship of Christian Businessmen’ who are ‘determined to live a Godly life’, My Market Wisely claim that their “mission” is

To facilitate the gathering of the true body of Christ. Provide a gathering place for the true body of Christ. Help every member achieve balance in faith, family, fellowship, finances and fun!

On their website, My Market Wisely claim to have been online since 1999, with My Market Wisely being

owned by Market Wisely Inc. A Nevada Corporation formed in 2010 for the sole purpose of generating profits for Ministry projects.

No corporate or management structure is provided on the website however a “Kevin Wise” is provided as a contact for the company, who appears to operate out of the US state of Montana.

The Market Wisely Inc. Nevada corporation seems to check out,

with a “Launa Sprout” listed as company President.

Curiously, several domain registration records for Market Wisely’s website show Laura Sprout using what appears to be Kevin Wise’s Market Wisely email address.

Other than Sprout being the President of Market Wisely Inc. and Kevin Wise listed as the contact of My Market Wisely on their website, the specific roles of both within My Market Wisely is not provided.

MLM history wise Kevin Wise has a YouTube account,

which reveals participation (and ownership via Market Wisely) in a number of MLM companies.

• Automatic Geek (2010) doesn’t seem exist anymore but was launched by Market Wisely as a PC Tech Support business opportunity, paying affiliates “50% everytime Automatic Geek solved a problem”
• Hegemon Group International (HGI), who on their website describe themselves as ‘generously reward(ing) associates for building distribution, and then moving products through the distribution outlets‘
• YourSmartMarketer (2012) is a $199 one-time fee and $29.95 a month recruitment driven matrix scheme, powered by a 3×12 matrix

Wise started uploading My Market Wisely videos to YouTube around September 2012, indicating that this is when the company launched.

I wasn’t able to find any further information on Launa Sprout in connection with the MLM industry.

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

Described on their website as ‘one of the greatest home businesses in the world‘, MX Fast Money was launched a few weeks ago and is headed up by James Lee Valentine.

Valentine (photo right) operates his various companies out of the British Virgin Islands, a known tax haven.

Another of Valentine’s companies, MillionaireX1, was launched in 2009 and pays affiliates commissions based using a matrix compensation structure.

MillionaireX Affiliates recruit new affiliates and cycle out of a series of matrices, with MillionaireX paying them a commission for doing so.

With MillionaireX resembling a pyramid scheme and relying on a constant influx of new recruits to keep its matrices cycling, Valentine (photo right) appears to be launching new programs in an attempt to attract new recruits.

Back in November 2012 Valentine launched Supreme Wealth Alliance, which cost $55 to buy a matrix position and earn on the recruitment of others.

Five months later things appear to have stalled over at Supreme Wealth Alliance and so Valentine is back with a new scheme, MX Fast Money. Read on for a full review. [Continue reading…]

In mid February we reported that Brazil’s Bureau of Consumer Protection (Procon) had launched an investigation into TelexFree, an MLM scheme run out of Brazil, back in January 2013.

Procon’s investigation was concluded in February, with the bureau identifying “several controversial issues and possible crimes” in connection to the operation of TelexFree.

Following their investigation, Procon lodged an official complaint in Brazil and forwarded their findings to the State Prosecutors Office, the Minister of Finance and the Federal Police.

As of yet no information has surfaced on any action from the State Prosecutors Office or Federal Police. Brazil’s Minister of Finance however did launch their own investigation following Procon’s complaint, declaring late last week that TelexFree was “not sustainable”. [Continue reading…]

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

Trideci’s website domain (“trideci.com”) was registered on the 13th of June 2010, 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…]