Olive Tree People operates in the personal care and nutritional supplement MLM niches.

The company provides two corporate addresses on its website, one in California (Olive Tree People Inc.) and one in Germany (Oliveda Deutschland GmbH).

Oliveda has been around since 2003 and manufacturers personal care products. Olive Tree People launched in March 2023.

It seems rather than run an MLM company under its own name, for some reason Oliveda has gone with Olive Tree People.

Olive Tree People and Oliveda are headed up by founder Thomas Lommel (right).

In his Olive Tree People corporate bio, Lommel claims he came up with the idea for the company in a treehouse in his olive grove.

Lommel doesn’t appear to have any MLM executive experience prior to launching Olive Tree People.

Read on for a full review of Olive Tree People’s MLM opportunity. [Continue reading…]

Josip Heit has abandoned four GSB Gold Standard Corporation related companies.

From UK Companies House records; [Continue reading…]

ABQTBOT fails to provide ownership or executive information on its website.

ABQTBOT’s website domain (“abqtbot.com”), was privately registered on May 21st, 2024.

Of note is ABQTBOT’s website domain being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, ABQTBOT offers up a UK shell company certificate:

AB Quantitative Investments Limited was in fact registered in the UK in August 2020. Given this predates ABQTBOT by almost four years, it’s obvious AB Quantitative Investments has nothing to do with ABQTBOT.

ABQTBOT also offers up this “company employee contract”:

I’m sure whoever put that together figured it was supposed to signify something. No idea what.

ABQTBOT has already attracted the attention of financial regulators. The Central Bank of Russia issued an ABQTBOT pyramid fraud warning on June 11th, 2024.

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…]

TLC Trading is claiming funds invested into its Ponzi scheme are insured by Liga Insurance.

The claim was made by the second actor to play fictional TLC Trading CEO Armen Sargasyan, in a marketing video published to YouTube earlier this week.

[Continue reading…]

MK-Life, aka MerckVIP, fails to provide ownership or executive information on its website.

MK-Life’s website domain (“mk-life.vip”), was registered with bogus details on June 3rd, 2024.

Of note is MK-Life’s website domain being registered through the Chinese registrar Alibaba (Singapore).

MK-Life has already attracted the attention of financial regulators. The Central Bank of Russia issued a MK-Life pyramid fraud warning on June 11th, 2024.

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…]

Mavie Global has received a pyramid fraud warning from Russia.

As per the Central Bank of Russia’s June 26th warning, Mavie Global exhibits “signs of a financial pyramid”. [Continue reading…]

A joint-statement from Bulgarian and US authorities has revealed plans for the Bulgarian Prosecutor’s Office to charge Ruja Ignatova in absentia.

The FBI is also upping its bounty on information that leads to Ignatova’s arrest to $5 million. [Continue reading…]

OLYMP Quantify fails to provide ownership or executive information on its website.

OLYMP Quantify’s website domain (“olympusdt.vip”), was registered with bogus details on June 5th, 2024.

Of note is OLYMP Quantify’s website domain being registered through the Chinese registrar Alibaba (Singapore).

OLYMP Quantify has already attracted the attention of financial regulators. The Central Bank of Russia issued an OLYMP Quantify pyramid fraud warning on June 11th, 2024.

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…]

Former Master Distributor Michael Rutherford has sued Pruvit and CEO Brian Underwood… again.

The June 20th Texas filed lawsuit is the latest legal escalation between Rutherford and his former MLM company. [Continue reading…]

A visit to Genesis Investment’s website reveals a generic fintech website. Generic marketing waffle with “algorithmic trading solutions”, you get the idea.

Oddly enough though when signing up as a Genesis Investment affiliate though, a familiar logo pops up. [Continue reading…]