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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.
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Scams To Avoid

USI-Tech Scam? Yes It Is In My Opinion!

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.
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Scams To Avoid

24option Scam? Yes It Is In My Opinion!

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.
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Scams To Avoid

Global Wealth Trade Scam? Yes It Is In My Opinion!

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.
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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.
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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.
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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.
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Scams To Avoid

The Billion Coin Scam? Yes It Is In My Opinion!

Cryptocurrencies, such as Bitcoin, have become popular and serve as a type of money. They may be traded on online exchanges for conventional currencies, including the U.S. dollar, or used to purchase goods or services. Scammers are looking to take advantage of this popularity. They are now offering schemes which promise high returns for getting in on the ground floor of a growing Internet phenomenon. My subscribers have requested that I take a look at The Billion Coin. Here is what I have found.
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