Author Archives: Ethan-Vanderbuilt - Page 3
One of the great consumer advocates and anti-MLM advocates has passed away. When I first started my reporting on scams, his research was key to finding out the truth about the many MLM scams that have been run in the past.
After losing and regaining my channel at YouTube, I have been experimenting with DTube as an alternative. Dtube has the potential to be an excellent alternative to YouTube especially for people that have viewpoints that may be controversial. Here are my thoughts on 3 problems that I think are holding DTube back.
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.
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.