Ministry of Finance: TelexFree “not sustainable”
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…]
Trideci Review: UltraXProject Ponzi relaunch
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…]
Enwire Review: Spinglo cashback commissions
There is no information on the Enwire website indicating who owns or runs the business.
Information on Enwire’s “About Us” page indicates that the company is being run out of the United Arab Emirates:
Enwire was developed as a brand to acquire the network of an older network marketing company that was founded in 2009. We are known as “Enwire Associate Network” but ENWIRE for short.
The network is managed and run from the United Arab Emirates with offices in Sweden. The network company is a wholly owned subsidiary of Enwire AB, a Swedish public company.
Whilst we have a small team of people at each office location we also have staff located in Spain, UK, and Switzerland.
Over a short period of time Enwire will expand its office base to meet the needs of its network associates around the world.
Meanwhile Enwire’s website domain (“enwire.com”) was registered on the 19th of January 2000 and lists an “Aasmund Midttun Godal” as the owner. Godal provides a Norwegian based address in the domain registration, which is interesting as Enwire don’t list Norway as a country they are based out of.
The domain registration information for Enwire’s domain was last edited on the 5th of December 2012, possibly indicating that this is when Godal acquired the domain.
MLM history wise I wasn’t able to find anything on Godal so I’m not sure if this is his first MLM venture. An Aasmund Midttun Godal does appear online in various social networks (non-MLM), however he appears to be based on Germany so I’m not sure if it’s the same person.
Read on for a full review of the Enwire MLM business opportunity. [Continue reading…]
JubiRev Review: “JubiBucks” investement scheme
There is no information on the JubiRev website indicating who owns or runs the company.
The JubiRev website domain (“jubirev.com”) was registered on the 3rd of January 2013, however the domain registration information is set to private.
A “Federal Trade Commission Compliance” notice is published on the JubiRev website, crediting ownership of the company to “JuviMax, Inc.” No further information is provided.
JubiRev’s Terms and Conditions mention that ‘arbitration shall be conducted in Whilmington, Delaware‘, indicating that the company is, at the very least, registered in the US state of Delaware.
Additional research into the company reveals that in February 2013 JubiRev affiliates promoting the opportunity named Randal Williams (also known as Randy Williams) as company President:
The above screenshot is of a conversation containing a skype transcript in which Randal Williams (of Dream Style Vacations Club, Fast Profits Daily, Profit Racer, Resort Cruise Club and GoFunRewards fame) announced he was “prelaunching” JubiRev.
Supporting this was a press release put out on January 31st 2013 by William’s last MLM venture GoFunRewards, announcing he had resigned from his position there:
Dear GoFun Affiliates,
You may have already learned that Mr. Randal Williams has recently resigned as the President of GoFun Places Inc. The Board of Directors has accepted Mr. Williams’ resignation.
The Board recognizes Mr. Randal Williams’ contribution to the company at early stage and wishes him success in his future career.
GoFun Places Management Team
After the initial chatter by affiliates and GoFunRewards press release however William’s involvement in JubiRev has not been clarified. At the time of publication of this review Williams hasn’t had any public involvement in JubiRev.
A few weeks ago a “J Joshua Beistle” started to appear on JubiRev marketing videos, credited as JubiRev’s President:
On his personal blog Beistle credits himself as being an ‘Attraction Marketing and Internet advertising authority‘ and focuses his efforts on internet marketing and lead generation.
Beistle offers his services through his company MyPhoneRoom, which was launched in 2009:
myPhoneRoom is located in sunny Phoenix, Arizona. Our staff consists of highly trained and courteous professionals that are here to serve your business.
myPhoneRoom specializes in the field of lead generation follow up marketing software systems.
It’s worth noting that Beistle has worked with Randal Williams in the past, with the two launching Dream Style Vacations Club back in 2009:
Dream Style Vacations Club doesn’t exist anymore with research indicating it was a recruitment driven MLM opportunity, paying afiliates commissions based on how many new affiliates they recruited into the scheme.
Putting two and two together, despite no mention of JubiRev’s management structure on their website, it’s highly probably that J Joshua Beistle and Randal Williams have teamed up again to launch JubiRev.
Read on for a full review of the JubiRev MLM business opportunity. [Continue reading…]
Wealth4AllTeam Ponzi reboot collapses after 2 mths
Back in late December 2012 Wealth4AllTeam announced that they were rebooting the infamous 10 day ROI scheme. This scheme collapsed around August 2012, with Wealth4AllTeam launching a new opportunity under the “Primus Hub” brand.
Guaranteeing a 1.6% daily ROI sourced from “new deposits”, Wealth4AllTeam described the reboot as ‘a total passive investment only program‘ that accepted investments between $10 and $10,000 from its members.
Now, barely two months after the launch of Wealth4AllTeam 2.0, the company has once again shut its doors. [Continue reading…]
BidXcel bites the dust
In what can only be described as yet another blow to the MLM penny auction niche, BidXcel quietly closed their doors last week.
Launched in late 2012, the company’s website (“bidxcel.com”) and penny auction (“xcelbids.com”) were pulled offline a few days ago with no official explanation provided regarding the closure.
Both websites currently announce to visitors that they will be ‘will be unavailable until further notice‘:
CEO Andrew Bracken is nowhere to be found and it doesn’t appear as if the “privately held” ownership are going to make an announcement anytime soon either. [Continue reading…]
Empower Network blog is 67% affiliates, 33% retail
Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan.
If the money you make is based on the number of people you recruit and your sales to them, it’s not. It’s a pyramid scheme.
–US Federal Trade Commission (FTC) on Multilevel Marketing, November 2012
A few days ago Empower Network crossed the 100,000 mark for what they’re calling “blogging customers”.
On the surface this sounds impressive and whilst I don’t question the accuracy of the milestone (or try to take anything away from it, well done guys), what I found far more relevant and revealing was a short update published the day before.
In the update CEO David Wood broke down Empower Network’s current blogging platform affiliate to retail customer ratio.
Upon seeing the figures I’d like to say I was pleasantly surprised… but unfortunately that wasn’t the case. [Continue reading…]
Restart Your Life Review: Beta Glucan supplements
Restart Your Life market dietary supplements and are based out of South Carolina in the US.
Launched in Mid-2011, Restart Your Life was founded by Joyce Cordell and A.J. Lanigan, who serve as CEO and the company’s “Product Manufacturer” respectively.
Referring to MLM as something she was “exposed” to, Cordell (photo right) entered the MLM industry back in 1993.
Surprisingly, I wasn’t able to find any additional background information on Cordell, with her Restart Your Life executive bio only stating that she ‘earned the top position with a world-wide telecommunications company‘.
Somewhere along the way Cordell was diagnosed with breast cancer and as a result met A.J. Langian.
Going through this health challenge heightened her awareness of her body and the importance of the immune system.
She (Cordell) became aware of Beta Glucan through A.J. Lanigan.
As she began taking the product her knowledge and belief in it solidified and she felt strongly that launching it through the network marketing model could bring life changing benefits to the masses.
A partnership between Cordell and Laniganis how Restart Your Life came about in 2011.
Restart Your Life first popped up on my radar when I was doing research into a newly announced MLM company, “Level 9 App“. The Level 9 App website lists “Restart Your Life” as the domain registrant, indicating that the company owns it.
Rather than launch as a product however, it appears as if Level 9 App is launching as a separate company. The exact nature of the relationship between the two companies is currently not clear.
Read on for a full review of the Restart Your Life MLM business opportunity. [Continue reading…]
GoFunRewards Review: “Lifestyle Dollars” investing
I’m not sure exactly when it happened but sometime in the last few weeks Go Fun Rewards has removed the “Now in prelaunch!” notice on their website, indicating that the business has officially launched.
With the Go Fun Rewards compensation plan readily available, I figured it was time for a review.
Go Fun Rewards operate in the “revenue sharing” MLM niche and provide a corporate address on their website in the US state of California.
Go Fun Rewards first popped onto my radar as yet another MLM penny auction startup back in mid 2012. Back then they were headed up by President Randy Williams however he recently left the company to sign on over at JubiRev (no review yet as they haven’t made their compensation plan public).
Not too sure what the story was as neither JubiRev, Williams or Go Fun Rewards has publicly commented on it but from what I gather it was due to ongoing disagreements between Williams, some top affiliates in Go Fun Rewards and eAdGear’s Chinese based management.
Although only referred to as a “100 million dollar plus debt free company” on the Go Fun Rewards website, eAdGear pretty much supply the backend for Go Fun Rewards operations and own the company.
eAdGear used to run the eAdBid penny auction (now defunct), which is where Go Fun Rewards root in penny auctions originates.
As for who’s running things now, the Go Fun Rewards website doesn’t divulge any information at all.
Our vision is to be a major force in advancement of the network marketing and travel industries worldwide.
GoFun Places consists of some of the best and most successful, knowledgeable and hard working executives around.
We’ve assembled a team of experts to expand and support our growth and development as a company.
Similarly, eAdGear’s website contains no specific information as to who is running things over there either.
Further research into Go Fun Rewards however reveals that affiliates are naming a “Glen Jensen” (photo right) as William’s replacement.
Glen Jensen’s first MLM venture was “Synergy Worldwide” (MLM nutrition) in 1999. After selling Synergy 2000 Jensen (photo right) stayed on as company President for a few years but eventually resigned.
Returning to the MLM industry in late 2004 Jensen launched “Agel Enterprises” (MLM nutritional supplements). Citing a “hostile takeover“, Jensen claims he was kicked out of Agel as CEO in 2010:
A Venture Capital company took a minority share in 2005 to finance the amazing growth. In June 2007 I paid them 100% back.
However Agel continued to grow fast from $8 million per month in August to $12.5 million in September 2007, basically growing from $100 million to $150 million a year with all signs of even higher growth figures.
So I teamed back up again with the Venture Capital (VC) Company. They wanted me to slow down the growth of Agel, which in my opinion, was a very bad decision.
The problem with these Venture capitalists is that they have minimal understanding of the Network Marketing Industry and did not understand how precious momentum is.
They insisted on, and demanded control. Until that point, I was in control, but now the VC controlled 2 of 3 Board seats and my ownership units were dropped below 50%.
In late 2010 the VC insisted on closing 12 countries with $47 million in revenue. I could not accept this, so the VC decided to replace me.
We are still in a legal battle over this decision.
Offering somewhat of a different take on Jensen’s claims that he was kicked out of Agel for not wanting to slow the company’s momentum, MLM attorney Kevin Thompson writes:
On December 22, 2010, Agel filed a lawsuit against its CEO, Glen Jensen. Basically, the lawsuit alleges that Jensen violated the employment agreement by allegedly leveraging his position with Agel to build a competing company.
The lawsuit levies some serious allegations. According to Agel, they’re arguing that Glen was looking to split the company and take some key leaders to another opportunity.
Agel explicitly accused Jensen of lying to the company, conspiring against the company, abusing his authority as CEO and misusing company funds.
Mysteriously, just 3 days later Thompson observed Jensen on Facebook claiming “I am Agel – Always!!!”.
That sentiment was shortlived however, with Jensen going on to file a lawsuit in Utah against Ash Capital and Agel, demanding the company be dissolved and a receiver appointed.
Jensen accused Ash Capital (the aforementioned “venture capitalists”) of “misapplying and wasting” Agel’s assets and “improperly taking over Agel”, defaming Jensen and failing to pay him commissions owed as a distributor.
I was unable to ascertain what the final outcome was of the above two lawsuits and ongoing disputes between Jensen and Agel. Save to say that Jensen seemingly has nothing to do with Agel these days.
Meanwhile Jensen moved on in the industry and launched a “forex MLM” called “Uprize” in early 2012.
Uprize is not just a company, a program, or a product – it is a movement.
People all around the world are realizing they can no longer trust their financial future to the bankers, brokers, and the “economic elite”. It is time to join the movement and take responsibility for your financial freedom”
We’ve turned the direct marketing value proposition on its head. While most direct marketing companies inate their prices to cover their multi-tiered commission plan, Uprize has done just the opposite.
Our exclusive arrangements with key vendors allow us to offer a full institutional data feed, the Uprize Intellitrader System, and professional training at a fraction of the cost of comparable products, creating an irresistable value for our members.
Again I don’t know what happened there but today Uprize doesn’t exist.
Now in 2013, Jensen’s appears to be making yet another return to the MLM industry as President 0f Go Fun Rewards. Read on for a full review of the Go Fun Rewards MLM business opportunity. [Continue reading…]
MyRightAd Review: “AdCentral” based Ponzi scheme
No information is provided on the MyRightAd website indicating who owns or runs the business.
In the MyRightAd “Privacy Policy”, the company refers to itself as ‘MyRightAd, H.K, a Hong Kong corporation‘.
A search over at Hong Kong’s “Integrated Companies Registry Information” however indicates that no such company exists:
The MyRightAd website is hosted on what appears to be a public hosting server, along with a number of additional websites seemingly owned by different people. All of the hosted websites target an Indian audience so one would assume this is where the owner(s) of MyRightAd are actually based.
Finally, the MyRightAd website domain (“myrightad.net”) was registered on the 28th of June 2012 but the domain registration information 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…]