payment processors @ BehindMLM

It’s a common enough belief in the MLM underbelly that hiding offshore is protection enough. You’re off in your little hidey-hole, there’s no way known US regulators are going to come after you… right?

Yesterday saw Argent Global Network issue a rather strange communication to their affiliates. In it, the company claimed they had been requested information from their payment processor since November 2014, with information only recently having been provided to them. AGN also claimed that, due to legal reasons, they were “unable to further expand” on the [Continue reading…]

Following the suspension of ewallet services to Argent Global Network last week, the company now claims its been left in the dark. Why information wasn’t being communicated to AGN is still a mystery, but here’s what we know at the moment.

Just days after Argent Pay Global floated a series of useless poll ideas, news broke today that their payment processor has now suspended the scheme’s ewallet services.

Maxim Chukharev was one of the seven individuals indicted in connection to the Liberty Reserve payment processor. A hotbed of MLM underbelly fraud, among other things, Liberty Reserve was shut down for money laundering mid last year.

In its heyday, Liberty Reserve was the darling of countless scams that populated the MLM underbelly. And that was only a fraction of the fraud they got up. The argument that the payment processor was simply trying to be the next Paypal was never going to hold up in court. Yet that’s the excuse that [Continue reading…]

Following the termination processing services by Payoneer, Achieve affiliates waited nervously for the company to acquire new ewallet services to pay them with. Purportedly Achieve has found a company willing to take on the risk of providing services to a matrix cycler Ponzi scheme, but who it is they’re not ready to say just yet. [Continue reading…]

In its later days, NxPay was the ewallet of choice for Zeek Rewards. The e-wallet service operates as a “platform” for transferring funds between two parties: one party makes funds available to another party, but until the receiving party takes action to withdraw the funds, “the funds are within the control of the party transferring the funds and [Continue reading…]

Payoneer is the processor and they do not take on ponzi’s or pyramid schemes. None of the fly-by-night programs can even dream of Payoneer. -Achieve Community affiliate on social media, 5th November 2014 Another day, another pyramid cycler has their payment processor services terminated. On their website Payoneer claim they enable millions of businesses and professionals [Continue reading…]

Against the backdrop of payment processors continuing to provide services to the MLM underbelly’s shadiest of schemes, the Liberty Reserve money laundering case continues. Once describing itself as ‘the oldest, safest and most popular payment processor’, Liberty Reserve was shutdown in mid 2013 for money laundering. Co-founder Vladmir Kats was the first to accept responsibility, having pled [Continue reading…]