Author Archives: Ethan-Vanderbuilt - Page 2
After Santiago De La Rosa was unable to get the case against him dismissed by the court, he has settled with the SEC for his part in the TelexFREE Scam.
When I first became a Scam Buster many years ago, one of my goals was to counter the plague of fake scam reports that were created on YouTube to sell money making opportunities. These fake reports had a very simple design. Talk about the money making opportunity and then tell you that it is not a scam. Next sell you the money making opportunity or a method to get leads for the money making opportunity. Some of these fake scam reports would even try to sell you another money making opportunity.
Affiliate marketing is a great place to start when you are looking to make money online. Other than the cost of a webpage and your time, it is very low cost to get started. There are many business opportunities that promote affiliate marketing. Some of these business opportunities are scams. My subscribers have requested that I take a look into The Super Affiliate Network. They are concerned that it has a lot of similarities with the recently shutdown Digital Altitude and MOBE scams. Here is what I have found.
The warnings about the Skyway Capital scam continue to roll out. This month New Zealand joins Belgium, Lithuania, and Estonia in warning their residents about Skyway Capital/Skyway Group.
Morgan Johnson of the Digital Altitude scheme that falsely claimed it would enable people to earn substantial income online, and Upside LLC used to process consumers’ credit card payments, are banned from selling business coaching programs and investment opportunities under settlements with the Federal Trade Commission.
Bobby Eugene Guess, who at one time touted his investment skills through a radio show called “Dollars & Sense” and with in-person financial seminars, was sentenced to 12 years in prison on July 3 for fraud in the sale of millions of dollars in securities in a worthless internet company.
Back in February, the FTC shutdown the Digital Altitude scam. The Receiver released their first report on the Digital Altitude scam in March. At that time the Receiver believed that the business could not be operated legally and profitably. This conclusion remains the same in their second report.
Official word has arrived from the FTC today on the fate of My Online Business Empire (MOBE). A federal court has halted the MOBE scam and frozen the companies assets at the FTC’s request. They have been charged with bilking more than $125 million from thousands of people.
Since MLM scams have developed such a bad name for themselves, marketers are taking advantage of the dislike of MLMs to sell money making opportunities. One money making opportunity is now named "This Is Not MLM". My subscribers have requested that I take a look into the "This Is Not MLM" money making opportunity. Here is what I have found.
The Amway business opportunity has proven after 50 years that year after year it produces billions for the company and little for the active Independent Business Owners that are doing the actual work. There has not been a financial revolution for Amway IBOs in the United States and now most of the income for Amway comes from outside the United States.