Authorities in New Delhi have shut down the Future Maker Life Care pyramid scheme in 2018. Directors Radhe Shyam and Bansi Lal have been arrested. The Enforcement Directorate is now pursuing criminal charges against them. Shyam and Lal have been charged under the Prize Chit and Money Circulation (Banning) Act. […]
Read Time : 13 Minutes
Ecom pyramid & potential token Ponzi
ClubShop provides no information on its website about who owns or runs the company. On its website, ClubShop claims it was ‘formed and incorporated in Englewood, Florida, USA in June of 1997.’ This conflicts with information provided in the footer of ClubShop’s website; Copyright © 2018-2021 – Clubshop Rewards Program […]
Read Time : 2 Minutes
Financial Education Services fined $1 million for pyramid fraud
Financial Education Services has been fined $1 million dollars by the US state of Georgia. FES has also been enjoined from ‘advertising, offering or selling credit repair services in Georgia’, effectively banning the MLM opportunity. An investigation by Atlanta Attorney General’s office found FES violated the Georgia Fair Business Practices […]
Read Time : 18 Minutes
Whacky products Chinese pyramid scheme
Longrich’s presented corporate structure is confusing. The company markets itself as “Longrich America Int’, Inc.”, but also claims to be a ‘leading company which dominates the cosmetic industry in southern China.’ In July 2009, the Ministry of Commerce of the direct selling industry management information systems announced that Jiangsu LONGRICH […]
Read Time : 2 Minutes
WorldVentures RICO pyramid case stayed pending Ch 11
WorldVentures’ filing for Chapter 11 bankruptcy has triggered an automatic stay in the RICO pyramid case. Both Plaintiff Melody Yiru and defendants WorldVentures filed suggestions of bankruptcy on December 24th and 28th respectively. On December 28th the court administratively close the case. Defendant WorldVentures Marketing, LLC filed a petition for […]
Read Time : 6 Minutes
$189,700 buy-in BTC gifting pyramid hybrid
BitLocity provides no information on its website about who owns or runs the business. BitLocity’s website domain (“bitlocity.io”) was privately registered on October 28th, 2020. As per current Alexa estimates, the top three sources of traffic to Bitlocity’s website are the US (42%), Jersey (11%) and South Africa (6%). On […]
Read Time : 8 Minutes
Crowd1 pyramid & Ponzi failings exposed by BBC Africa Eye
BBC Africa Eye has premiered a documentary exposing Crowd1 as a pyramid come failed Ponzi scheme. Aware of the BBC’s upcoming documentary, Crowd1 executives have issued a non-response response video of their own. BBC Africa Eye’s documentary begins with an introduction to Crowd1, and follows through with investment into Crowd1’s […]
Read Time : 15 Minutes
CubeBit Review: Crypto Ponzi pyramid “ecosystem”
CubeBit doesn’t provide any information about who owns or runs the company on its website. On October 2nd a video titled “Cubebit Interview with the CEO” was uploaded to CubeBit’s official YouTube channel. The video features an interview with CubeBit’s “newly appointed” CEO, Konstantin Janke. Janke works for Big Eye […]
Read Time : 7 Minutes
Fortress Network Review: 3×9 matrix pyramid scheme
Fortress Network markets itself as “the opportunity of a lifetime”. The company is based out of North Carolina in the US and headed up by President and CEO Akili Dorian Omari. On social media Omari (right) goes by “Dorian Akili Omari”. Before founding Fortress Network, Omari was promoting local nightclub […]
Read Time : 9 Minutes
Dabank Economy Review: Syscom sub pyramid scheme
DaBank Economy provides no information on its website about who owns or runt the company. From my own research I’ve been able to piece together three components of DaBank Economy; DaBank Economy itself, Syscom and EonNet. DaBank Economy is the MLM opportunity. Syscom is a communication app (calls, chat, file […]