EmpiresX

EmpiresX Ponzi shuts down, selling investor data?

companies, EmpiresX, Frauds

Following EmpiresX’s collapse late last year, the company has announced it’s shutting down. The announcement was made via a communication sent out to investors in the last 24 hours. One immediately concern the EmpiresX’s announcement raises is potential identity theft. Citing unnamed “stakeholders”, EmpiresX writes; Some stakeholders have violated standards and acted in ways that […]

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EmpiresX threatens to sue victims & top promoters

companies, EmpiresX, Frauds

EmpiresX began restricting withdrawals in early October. Withdrawals were then completely disabled in mid October, and have remained so since. In an EmpiresX corporate update sent out mid December, co-founders Emerson Pires and Flavio Goncalves threatened legal action against victims and top promoters. Also, rather than just admit their Ponzi scheme ran out of money,

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EmpiresX Ponzi collapses, no withdrawals since mid October

companies, EmpiresX, Frauds

The EmpiresX Ponzi scheme has collapsed. Affiliate investors are reporting disabled withdrawals dating back to mid October. Complete disabling of withdrawals followed EmpiresX introducing withdrawal restrictions in early October. EmpiresX’s collapse has seen affiliate testimonials go from this: To this: At time of publication EmpiresX’s website is still up. Company owners Emerson Pires and Flavio

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FTC sends 379 MLM companies deceptive/unfair conduct notices

ACN, Ariix, CashFX Group, companies, DFRF Enterprises, Dubli Network, Eaconomy, EmpiresX, Empower Network, ForeverGreen, Frauds, FutureNet, GVO, Herbalife, iMarketsLive, Investview, Jeunesse, Karatbars International, LaCore Enterprises, Le-Vel, Lyoness, Nu Skin, Nui, OneCoin, OnPassive, Paparazzi, regulation, Seacret Direct, Sisel, Traffic Monsoon, USFIA, Valentus, Visalus, Wakaya Perfection, World Ventures, Young Living, Youngevity

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny

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EmpiresX an “incompetent mess”, new withdrawal restrictions

companies, EmpiresX, Frauds

EmpiresX appears to have entered the “how can we stop people withdrawing?” Ponzi phase. Amid complaints from disgruntled affiliate investors, EmpiresX has introduced further restrictions on withdrawals. Earlier this month EmpiresX announced it was increasing withdrawal fee penalties across the board. When BehindMLM reviewed EmpiresX in June, the company penalized withdrawals made during an affiliate’s

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EmpiresX’s master trader banned by the NFA for 8 years

companies, EmpiresX, Frauds, regulation

You won’t find his name anywhere on EmpiresX’s website. A quick search through YouTube however, returns plenty of videos citing “Joshua Nicholas Gregg” as EmpiresX’s Master Trader. Supposedly, Gregg, sometimes credited as just Joshua Greg/Gregg or Josh Greg/Gregg, works for Goldman Sachs in New York. In an EmpiresX webinar held earlier this month, Joshua pulled

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