Financial services are the perfect cover for a recruiting scams. Throw in a few low value financial services like credit repair and you can run a recruiting scam legally here in the USA. Most of these recruiting scams share little information with you about your chances in making money by selling their financial services for retail prices. They focus on the money you can make by recruiting people into the money making opportunity, buy they remind you that you do not need to recruit. Many of my subscribers have requested that I take a look into the myEcon business opportunity. Here is what I have found.
Don't base your decisions on the advice of those who don't have to deal with the results. Making bad decisions seems unavoidable. How could you get 35K decisions right each day? And while a bad dinner choice may only result in an upset stomach, the wrong decision in your business career could prove much more serious.
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.
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.
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.
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.