Ponzi schemes are very popular these days and Russian scammers have been making a killing running them over the last few years. One of the most popular is MMM. It seems to never die and just moves from country to country. My subscribers have requested that I take a look at the SkyWay Capital Partner Program. Here is what I have found.
A vast network of online marketers and the three people behind it have agreed to settle Federal Trade Commission charges that they sold more than 40 weight-loss, muscle-building, and wrinkle-reduction products to consumers using unsubstantiated health claims, fake magazine and news sites, bogus celebrity endorsements, and phony consumer testimonials.
For years, many people who lost money to scams sent their payment through a Western Union wire transfer. Scammers contacted people and promised prizes, loans, jobs, discounted products or other financial rewards in exchange for money upfront. They also pretended to be family members in need of cash or law enforcement officers demanding payment. The scammers told people to send money through Western Union. No one received the cash, prizes or services they were promised.
I have had many requests by my subscribers to share my personal opinion of the Rodan + Fields business opportunity. The time has come for me to do that. What I found very disturbing about this business opportunity is that when looking for information on Rodan + Fields I found the following post "Stop & Read: The Scam that is Rodan + Fields". This post is by a representative of Rodan + Fields who goes on to tell you that it is not a scam. Clearly people are concerned that Rodan + Fields is a scam.
There has been a LuLaRoe Twitter storm that has been raging for some time about the changes they made to their Buyback program. Now a class action lawsuit has been filed over this Buyback program.
On October 10th, 2017 Colombia issued a warning for iMarketsLive. The iMarketsLive scheme has been spreading around the world. I have listened to recent iMarketsLive calls and their focus is recruiting people into their scheme. In my opinion, retail sales and investing are secondary to recruiting people into iMarketsLive.
An Initial Coin Offerings (ICO) is an unregulated means of crowdfunding via use of cryptocurrency, which can be a source of capital for startup companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. Since ICOs are unregulated, scammers have free rein to tell you anything to get your money. Don't let these scammers take advantage of you.
On September 21, 2017 police took down a Ponzi scheme based on a fake digital currency named Kriptacoin. The Kriptacoin operation began in January of 2017. The operators of this scam convinced people to join with false promises of income reached 1% per day.
The Salty Droid aka Jason Jones has recently gone to court on behalf of victims of the Herbalife scam: JEFF RODGERS, PATRICIA RODGERS, MICHAEL LAVIGNE, JENNIFER LAVIGNE, CODY PYLE, JENNIFER RIBALTA, IZAAR VALDEZ, and FELIX VALDEZ. The Salty Droid has a long history as a scam buster and has taken on the Herbalife scam with satire for many years. Now he and Mark Migdal & Hayden are taking them on in court.
MLM companies try to take on the banner of continuing the long tradition of direct sales. In my opinion, many are continuing the tradition of snake oil salesman. Lotions, potions and pills are the foundation of many of the top MLM scam companies. These lotions, positions and pills seem to help with almost everything. Just like the products that snake oil salesmen offered. My subscribers have requested that I take a look at the Juice Plus+ Virtual Franchise. Here is what I have found.
Cryptocurrencies are the hot investment these days. With the rising price of bitcoins, countless people are trying to cash in on the craze. My subscribers have asked me to take a look at BitConnect. Like any commodity, cryptocurrency prices change with supply and demand. At any moment the market can collapse. BitConnect claims to step in and provide stability.