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Power fails to provide ownership or executive information on its website. Power’s website domain (“powsoinu.com”), was privately registered on January 27th, 2025. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. Power’s Products Power has no…
Wanted fugitive Vladimir “Lado” Okhotnikov has rebranded his collapsed Meta Force Ponzi as Holiverse. Holiverse was announced on October 10th, 2024: The reboot follows Meta Force’s collapse in late 2022, and two years of Okhotnikov stringing along gullible investors – mostly from India. As of December 2024, SimilarWeb tracked top sources of traffic to Holiverse’s…
Thailand has cut power, internet and petrol supplies to Chinese scam factories operating near its Myanmar border. While I’d like to report Thailand is finally acting to address years of rampant financial fraud, unfortunately it’s just trying to protect tourism. Chinese scam factories, filled with human-trafficked Chinese and foreign national slaves, are behind the plague…
In March 2024 the CFTC secured a $64.3 million settlement against EmpiresX’s parent company Empires X Consulting. I figured that was the end of the case and left it there. Turns out additional judgments against the individuals behind EmpiresX were pending. On February 4th, 2025 the CFTC secured a $129 million judgment against EmpiresX co-founders…
As disclosed in a February 4th Status Report, a residence turned over to the Fundsz Receiver has been surrendered in an uninhabitable condition with floorboards removed and garbage, feces, and maggots throughout the house. As part of her court-ordered duties to recover assets, the Fundz Receiver traced purchase of then defendant Rene Larralde’s 1.9 million…
Invest AI Robot fails to provide ownership or executive information on its website. Invest AI Robot’s website domain (“investairobot.vip”), was registered with bogus details on January 14th, 2025. Of note is Invest AI Robot’s website domain being registered through the Chinese registrar Alibaba (Singapore). As always, if an MLM company is not openly upfront about…
Monat has settled a lawsuit alleging top distributor earnings were slashed over the past two years. Toni Vanschoyck, a top Monat distributor for over a decade, filed suit in June 2024. In her lawsuit Vanschoyck (right) claimed her commissions had dropped 75% since 2022. Prior to the downturn, Vanschoyck alleged she’d been earning over $100,000…
Color Street has announced compensation plan changes, restricting commissions to just one level of recruitment. In doing so, Color Street just barely continues to meet the definition of an MLM company. Another significant change announced is, at some point in the future, Color Street will also be directly competing against its MLM Consultants. As reported…
Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). A per the CNMV’s January 13th, 2025 warning; The [CNMV] warns that Nimbus Platform [and] Syncord [are] not authorised to provide the investment services and activities subject to the activity restriction in accordance with…
Skainet Systems’ drawn out collapse continues. Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment. As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance….