Late last year we reported on Visalus appearing to be sold off to Pruvit. The transaction was strange, absent not even a simple press-release to announce the transaction. Following a tip-off from a reader, BehindMLM has learned a whopping $925 million judgment was likely behind Visalus’ downfall. Mid 2019 a federal jury awarded $925 million […]
What happened to Visalus? (explained) Read More »
In the wake of a neo-Nazi memelord scandal, doTerra terminated Pete Evan’s as a distributor. Less than 24 hours the company backflipped and re-instated Evans. In a statement put out by doTerra, the company apologized for not “thoughtfully reviewing” the situation. If you’re not Australian or don’t live in the Australia, there’s a good chance
doTerra’s uneasy r/ship with neo-Nazi memelord Pete Evans Read More »
The Uhuru Tribe Ponzi scheme has collapsed, prompting owner Coenraad “Coenie” Botha to reboot the scam as CBI Global. BehindMLM readers first reported the switch to CBI Global in late October. Due to a typo however, we were only able to confirm the reboot today. CBI Global’s website is full of generic marketing copy. This
Uhuru Tribe Ponzi collapses, rebooted as CBI Global Read More »
We Share Abundance’s withdrawal issues continue, with the latest restriction seeing only those who recruit new investors able to withdraw. We Share Abundance is a 50% a month Ponzi run by Graham Frame (right). In addition to stealing money from investors, Frame also funnels WSA affiliate investors into Ash Mufareh’s OnPassive pyramid scheme. BehindMLM first
We Share Abundance shifts to only paying out recruiters Read More »
Norway’s Financial Supervisory Authority (Finanstilsynet) has issued a securities fraud warning against the CashFX Group Ponzi scheme. The FSA’s warning was issued way back on September 4th. I wasn’t aware of it until a reader reached out. As per the FSA’s warning; Finanstilsynet wishes to make it clear that Cash FX Group is not authorised
CashFX Group securities fraud warning issued in Norway Read More »
After months of not paying affiliates and keeping them in the dark, WorldVentures has finally confirmed it is merging with Seacret Direct. WorldVentures held a corporate webinar on November 12th. On the call was Director of Training, Marc Accetta, who for some reason was in his car wearing a golf cap. Accetta painted a pretty
WorldVentures confirms Seacret Direct acquisition Read More »
The latest round of regulatory incompetence in the UK has seen OmegaPro register a shell company with the FCA. On its website OMP Money markets itself as; a unique, modern and accessible system, to provide you everything you need for your everyday banking in a world where electronic payments have no boundaries. What it actually
OmegaPro registers OMP Money shell company with FCA Read More »
The admin of the Tron3X smart-contract Ponzi has done a runner. But not before they transferred out $130,000 worth of tron still left in the kitty. I became aware something was up at Tron3X when I received a notification one of their YouTube videos we’d linked to had been deleted. A few searches was all
Tron3X smart-contract Ponzi collapses, $130,000 exit-scam Read More »
The good news is the FTC will return almost half a million dollars to victims of the Bitcoin Funding Team gifting scheme. The bad news is this equates to around $59 per victim. The FTC sued Bitcoin Funding Team founders and promoters back in 2018. Rather than defend the case, defendants Scott Chandler, Louis Gatto,
FTC returns $470,000 to Bitcoin Funding Team victims Read More »
CubeBit has responded to our published October 25th review. Rather than address BehindMLM exposing their actor CEO or “Ponzi pyramid ecosystem” business model though, CubeBit has swept its securities fraud under the carpet. Rather than just name BehindMLM as the publication it’s responding to, CubeBit stated; We are releasing this statement following a damaging review
CubeBit sweeps securities fraud under the carpet Read More »
