Author Archives: Ethan-Vanderbuilt - Page 2
DasCoin, which dubs itself the currency of trust, is a hybrid cryptocurrency that works similarly to OneCoin. Anyone who invests in DasCoin does so through NetLeaders, where you use real money (ranging from €100 to €25,000) to pay for your NetLeader license. The more funds you put into your license, the higher assigned value your DasCoins will have.
Michael Gehart a ViSalus distributor has sued ViSalus for operating an illegal pyramid scheme. He also alleges they allowed him to run an Amazon storefront that sold ViSalus products at wholesale prices. There are some very powerful claims in this lawsuit.
On July 20, 2017 the Italian CONSOB (Commissione Nazionale per le Società e la Borsa) or Italian Securities and Exchange Commission, suspended promotion of Questra World/Atlantic Global Asset Management from one of the top Facebook pages promoting this scam. This is similar to the action they took against another scam called Coinspace. CONSOB is taking an active role in shutting down the promotion of unregistered investments in Italy.
MLM scam operators are always working to change the laws here in the USA to protect themselves from regulators. From the state level to the federal level they are at work. In a recent attempt, John Moolenaar (R-MI) has slipped in an amendment into the financial services appropriations bill.
There seems to be a never ending stream of investing scams that are rolling out these days. Automated investing combined with FOREX seems to be the sweet spot. Add a dash of Bitcoin and the story is complete. Take something that few people understand and automate it. What could possibly go wrong? My subscribers have requested that I take a look into USI-Tech. Here is what I have found.
A large scam that is run all over the world is the binary options scam. The home base for many of the companies that run these scams is Israel. Investing with these companies offering binary options should be avoided. It can be nearly impossible for you to recover your money. My subscribers have requesting I take a look at 24option. Here is what I have found.
Purchasing an online store that sells goods and services has been tried before in the MLM world. An example of this was BurnLounge which sold opportunities to operate on-line digital music stores. BurnLounge ended up being shutdown by the FTC. Global Wealth Trade (GWT) gives you the opportunity to sell fashion products through an online mall. My subscribers have requested that I take a look at the Global Wealth Trade business opportunity. Here is what I have found.
Senate Enrolled Act 283 goes into effect July 1, 2017. It was created with the guidance of the Direct Selling Association (DSA) and authored by Sen. Mark Messmer. Mark Messmer's wife is a Mary Kay consultant. With these two guiding lights behind this I am sure pyramid schemes are running in fear /Sarcasm.
I received the following comment from a OneCoin supporter: "Are you sure that OneCoin is a scam? If a scam then why has the Vietnam government legalize it. You are a turtle living in a well!" To the best of my knowledge, I have never been a turtle living in a well. Also, OneCoin has not been legalized by the Vietnamese Government. A document was being passed around that claimed that OneCoin was legalized in Vietnam.
One of the dangers of Facebook video is that you can go live to your audience at a moments notice without taking the time to think about your message. The Empower Network back in 2013 had a powerful influence on the business opportunity world. Incredible claims were made to get people to join. Over the years it has slowly drifted into obscurity. People came to the reality that few were making money and many of its leaders and promoters moved on to other things. David Wood the founder of the Empower Network has stuck with it and made some crazy videos to draw attention back to this scam.