Archives for News - Page 2

News

Amendment Tries To Weaken FTC’s Ability To Prosecute Pyramid Schemes

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.
Continue Reading
News

OneCoin Fake Documents Exposed

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.
Continue Reading
News

Empower Network Meltdown

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.
Continue Reading
News

My Paying Ads Scam Collapses Again

I reported on the My Paying Ads scam back in January of 2016. My Paying Ads is a copy of Traffic Monsoon. My Paying Ads was launched by Uday Nara back in March of 2015. My Paying Ads is a paid to click Ponzi advertising scam. The Traffic Monsoon scam has been shut down because they were based in the USA. My Paying Ads is not in the USA so they are free to scam people around the world.
Continue Reading
News

Wealth Partners Publishing Sued For Being A Scam

Wealth Partners Publishing was founded in 2009 with a single title about earning money through self-publishing. They claim to have helped many individuals realize their dreams of being an author. Members of their program are claimed to be able to make money by purchasing the rights to resell a direct mail marketing course. It looks like this is actually not the case.
Continue Reading
News

Onecoin Scam Exposed By Blockchain Expert

The warnings about the Onecoin scam continue to roll in. The Federal Financial Supervisory Authority, better known by its abbreviation BaFin, has frozen bank accounts that were used to transfer money out of Germany for the Onecoin scam. BaFin is the financial regulatory authority for Germany. Now a blockchain expert is stepping up and exposing the Onecoin scam.
Continue Reading
Show Buttons
Hide Buttons