Archives for News - Page 12
I reported on the My Advertising Pays scam back in December of 2014. They have now been shutdown in the USA. On October 14, 2015, My Advertising Pays will no longer permit U.S. registrations for new clients and affiliates. The management team for them tries to say "This is strictly a business decision we’ve had to make based on the numbers." I don't believe them.
Unregulated digital currencies are a prefect tool for scammers to take money from people. GemCoin is the latest example of this type of scam. The Securities and Exchange Commission today announced it has filed fraud charges and obtained asset freezes against the operator of a worldwide pyramid scheme that falsely promised investors would profit from a venture purportedly backed by the company’s massive amber holdings.
One of the common things you will see in the MLM world is incredible health claims about what their products can do. I have had Vemma reps from outside the United States claim that their family members have had diabetes and cancer cured by using Vemma products. In the United States it is illegal to make claims that your supplements can cure a disease.
Last year WorldVentures lost their appeal of a decision by the Norwegian Gaming Board and they are considered an illegal pyramid scheme in Norway. They are now under investigation again. In my opinion, it is only a matter of time until most of the world figures out the scam they are running.
On September 15th 2015, Vemma had their chance to defend themselves in court against the claims of the FTC. The Arizona Sandra Day O'Connor Federal Courthouse court room was full of Vemma employees and contractors. B.K. Boreyko and the Vemma defendants had with them 9 lawyers.
Since July of 2013, I have been warning people about the business opportunity that Vemma offers. Today they have been served with a complaint by the FTC. This complaint has been sealed until Friday. This is usually done so the founders of the company can't rally support prior to the public notification.
In an explosive video, Matt Trainer of Team WUKAR exposes DubLi and makes it clear that he will no longer be a "savior" to people. Also, there is no longer a Team WUKAR. He even challenges people to bring a class action lawsuit against him.
DFRF Enterprises has been shutdown by the Securities and Exchange Commission for operating a pyramid and Ponzi scheme which falsely promised a gold mine of investment opportunity to investors in Spanish and Portuguese-speaking communities in Massachusetts, Florida, and elsewhere in the USA.