YouXWallet provides no information on their website about who owns or runs the business. YouXWallet’s website domain (“youxwallet.io”) was privately registered on May 10th, 2019. In their marketing material, YouXWallet represent they are based out of Estonia, with an administrative office in Portugal. Despite offering a language selector tool on their website, YouXWallet’s website language […]
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Following an investigation into Herbalife’s Chinese operations, the SEC has determined the company uses it’s global compensation plan across the country. As Herbalife reveals in its own SEC filings, ‘[i]n China, while direct selling is permitted, multi-level marketing is not.‘ While Herbalife using their MLM compensation plan in China would certainly be illegal, the SEC
Herbalife cops $20 million SEC fine for fraud in China Read More »
Hinode Group operates in the personal care and nutritional supplement MLM niches. The company is based out of Brazil and headed up by co-founders Francisco and Mrs. Adelaide Rodrigues. As per Hinode Group’s website; Mr. Francisco and Mrs. Adelaide Rodrigues founded Hinode in 1988 from their home garage. Today, their son Sandro Rodrigues is President
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As bits and pieces of the US DOJ case against OneCoin and its executives are unsealed, we’re getting a clearer picture of where the case is at. In a recent filing concerning potentially privileged information, a previously sealed order has revealed the New York court’s position on the DOJ’s evidence. The revealing order was made
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As part of a civil case brought against him by the SEC, William Apostelos has received an $11.1 million dollar disgorgement judgment. Apostelos popped up on BehindMLM’s radar in 2014, through a review we did on Genesis Acquisition International. Turns out Genesis Acquisitions was part of a wider Ponzi scheme, which was Apostelos was busted
William Apostelos cops $11.1 million disgorgement judgment Read More »
Pursuant to a sealed July 23rd order, the DOJ is seeking access to potentially privileged evidence. Evidence sought by the DOJ includes Communications between OneCoin Ltd., OnePayments Ltd., OneNetwork Serviced Ltd., OneAcademy, OneLife, and RavenR Capital Limited and (their) attorneys. Communications between Ruja Ignatova, Frank Ricketts, Manon Hubenthal, Irina Dilkinska, International Marketing Services GmBH, International
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In a September 16th court filing, Online Education Academy has advised it is “suspending its business and dissolving as soon as possible”. Online Education Academy (OEA) is a corporate defendant in the FTC’s 8 Figure Dream Lifestyle fraud lawsuit. The FTC alleges the company, run by Mark Schwartz, was part of a wider scheme that
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CryptZek provides no information on their website about who owns or runs the business. CryptZek’s website domain (“cryptzek.com”) was privately registered on March 27th, 2019. On their website CryptZek claims to be an investment company registered in the United States Of America, under the Accounting and Corporate Regulatory Authority (ACRA) with Registration Number 10874403. ACRA
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Planet Impact operates in the educational MLM niche and claims it’s “the Netflix of environmental protection”. The company provides a corporate address in Malta on its website. Our headquarter is in Malta’s exclusive Smart City, the new hub for international IT. Heading up Planet Imapact are co-founders Aron, Stephan and Christian Steinkeller (right), and Oscar
The Steinkeller brothers are back… Read More »
Following regulatory pressure and court decisions that have gone against it, Lyoness appears to be distancing itself from Europe. Desperate to keep new investment rolling after Italy outlawed the Ponzi scheme, Lyoness is gearing up for a push into Malaysia, Saudi Arabia and Colombia. As they do in each new country they expand the unit
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