Unregulated digital currencies are the prefect tool for scammers to take advantage of people. With the shutdown of GemCoin as a highlight, digital currencies have become a common component of online scams. My subscribers have requested that I take a look into Swisscoin. Here is what I have found.
I love a great scam busting idea and this is one of them: The Little Black Book Of Scams. This book has been put together to help people avoid the many scams that are out there trying to take advantage of them. By reading this book you can learn to spot, avoid, and protect yourself against scams.
My subscribers have requested that I take a look at the Recyclix money making opportunity. Is it a good idea to invest your money in waste with a company based in Poland? When it comes to investments it is very important to look for companies that offer detailed audited financial information that shows profits. Recyclix claims as an investor you can generate high and stable revenue by purchasing waste, processing it, and then selling it. This does not pass my scam smell test, but let’s take a look.
The Federal Trade Commission is mailing checks to nearly 350,000 people who lost money running Herbalife businesses. The checks are the result of a July 2016 settlement with the FTC that required Herbalife to pay $200 million and fundamentally restructure its business. This represents one of the largest distributions the agency has made in any consumer protection action to date.
Friends and Internet neighbors it is great to have you with me in 2017! 2016 was an amazing year for scams being exposed and being held accountable for their actions. The FTC woke up and held accountable some very prominent companies that were scamming people with pyramid schemes: Herbalife and Vemma.
Six Figure Mentors (SFM), Digital Experts Academy (DEA) and Digital Business Lounge (DBL), are all part of an online membership program created by Stuart Ross and Jay Kubassek. They claim to be selling a system which can teach anyone how to make money online. After looking at the available information, all I saw was a scam designed to take as much money as possible from anyone who joins.
Friends and Internet neighbors, thank you for joining me for Ethan Vanderbuilt Interviews #5. The purpose of this series is to share with you people that have learned first hand the danger of money making and business opportunity scams.
MXI Corporation the makers of Xocai “healthy” chocolate and the operators of a MLM business opportunity were taken to court back in May of 2015 for running a MLM scam that makes it impossible for salespeople to make any money while forcing them to continue paying membership fees and buying the product known as Xocai chocolate to advance. On March 9th, 2016 U.S. District Judge Miranda Du said if the class’ claims are proven true, it’s provided enough detailed facts to support a fraud finding. They have now settle this lawsuit against them.
Wealth Generators claims to be a provider of financial education, research and electronic tools for the individual offered on a monthly subscription basis and distributed via network marketing. Colombian regulators have issued a warning that Wealth Generators is a pyramid scheme. Wealth Generators is based in Utah. Utah is a hot bed of financial and MLM scams.
Marketing tools like landing pages, auto-responders, and blogging systems are the most common products used to provide the cover for money making opportunity scams. These tools are provided as a bonus for participating in the money making opportunity. The tools are normally used to promote the same money making opportunity that the person purchased in the first place. It ends up being an endless chain of recruiting. My subscribers have requested that I take a look into the Zukul money making opportunity. Here is what I have found.
MMM is the scam that never seems to die. After MMM Global shutdown and MMM South Africa froze accounts, MMM has now frozen payments in Nigeria. MMM is not a community. It is a Ponzi scheme that takes advantage of the greed and need of individuals. Now that the dreams of these individuals are starting to shatter, they are now losing hope. In poor countries Ponzi schemes drive people to suicide.