Archives for News - Page 2
Fraudulent MLM Scheme QNET Busted By Cyberabad Police
QNET lured customers promising high returns if they became a part of its businesses including but not limited to cost-optimization, health and wellness, watches and jewellery, personal care and beauty, tour and education. Once a new member joins the chain through a promoter, he becomes an independent representative and gets complimentary items. The promoter, in return, gets a commission. While top-level members get good returns, new members are left with nothing.
Get Money Back From MoneyGram
We’ve all known for a long time that scammers ask people to pay by wiring money. Money wiring companies like MoneyGram and Western Union have also known that scammers have people wire money using their services.
Myanmar Bans MLM
In a bold move, Myanmar has banned MLM. The Ministry of Commerce (MOC) on September 18 issued notification (46/2018) which prohibits multi-level marketing (MLM) businesses in Myanmar. The ban will take effect immediately.
International Markets Live And Wealth Generators Sued By The CFTC
The Commodity Futures Trading Commission (CFTC) today issued Orders filing and simultaneously settling charges against eight unregistered entities and eight unregistered individuals that were offering foreign exchange (forex) and binary options to retail investors located in the United States. The entities included International Markets Live and Wealth Generators. Two companies that I have warned you about.
DasCoin Is Using Trademark Complaints On YouTube To Silence Their Critics
This morning I found out that DasCoin is using Trademark Complaints on YouTube to try to silence their critics. First they tried to silence me with a DMCA take down of my article about them, and now they are trying to use a Trademark complaint. Let's hope that they are unsuccessful.
MOBE Update: Suitepay Escapes With Over $1.6 Million In Victims Money
In the Receiver's Initial Report about the MOBE scam, we find out that he has recovered over $8 million to date, and is expect to recover another $6.3 million later on. We also find out that Suitepay a California-based payment processor has escaped with over $1.6 Million In MOBE money. The Receiver is investigating the matter, and may choose to file a criminal complaint.
Jon Taylor Founder Of The Consumer Awareness Institute Has Passed Away
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.
Sellers Playbook Scam Halted
The Federal Trade Commission and the State of Minnesota have charged Minnesota-based Sellers Playbook with running a large business opportunity scam. A federal court temporarily halted the operation pending resolution of the case.
TelexFREE Scam: Santiago De La Rosa Will Pay $1,092,013
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.
Skyway Capital/Skyway Group Warning Issued In New Zealand
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’s $54 Million Digital Altitude Judgment Suspended
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.
Dollars & Sense Host Bob Guess Sentenced to 12 Years
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.
Jamberry The End?
In a recent video by Jamberry representatives, issues with shipping and delays in payment of commissions were discussed. They also claimed, Jamberry has quit communicating with their reps and they are wondering who is managing the company.
Digital Altitude Scam Can’t Be Reopened By The Receiver
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.
MOBE Scam Shutdown Key Questions Answered
Now that My Online Business Empire (MOBE) has been shutdown. There are some key questions that people have been asking. For example, what should I do next? Also, where is Matt Lloyd?
