FOUNDERS PROGRAM KILLS FUNKY SHARK
FOUNDER'S PROGRAMS ARE ILLEGAL SECURITIES!
Nov. 2012 HELENA, Mont. – Commissioner of Securities and Insurance Monica J. Lindeen today fined Bozeman resident Scott Wacker and his company, Funky Shark, $40,000 for illegally selling investment opportunities. Little Known to most MLM Leaders Founders programs are a form of illegal securities to fund new MLM Companies.
A common way of raising funds for small new MLM - Network Marketing companies is to get MLM Distributors to invest $500-10,000 @ to provide the money to start WHICH IS ILLEGAL!. To avoid criminial prosecution the owner Wacker agreed to pay back more than $834,000 to the MLM Founder investors to resolve a restraining order Lindeen's office filed against him in state court. The restraining order stopped Wacker from soliciting new investors or spending any of the investment money he had already illegally raised From, Founders through his Illegal founders program for Funky Shark OTHERWISE HE WAS FACED WITH JAIL!
Oct. 30, 2012 Wacker posted a notice on Funky Shark's website explaining that its investment program "may violate certain securities laws in the United States." That was a nice way of saying that it was illegal without a full court decision. Wacker agreed to pay $270,000 out-of-pocket to make investors whole. These MLM Founders were lucky there have been cases where government regulators have done "Clawbacks" and taken all the money back from MLM Founders Groups! MLM FOUNDERS PROGRAMS ARE ILLEGAL!
EASY FOREX UK
THE CYPRUS RULE = IF IT IS FROM CYPRUS 92% CHANCE OF SCAM
Easy forex UK trading limited operates from Cyprus and has been in business since 2008 though there is no proof of that in their filings. They have an office in the UK (for window dressing no doubt). Theoretically their training and systems will make you rich. 10 Years ago the U.S. was awash in new MLM Forex trading MLM Companies. Now they are all gone. EasyForexUK's pay plan is a weak Binary that certainly is not built for the bigger builders. However Easy Forex UK says they are opening India so with lower incomes the binary may be attractive.
Why suspicious of Cyprus Companies? The European Common Market has raised red flags against financial shenanigans on Cyprus. The same sources want Cyprus banks to clean up their acts. Nigerian scam letters found a happy home there. Some scams are almost shameful such as
Also about 40 FOREX MLM's have come and gone. I don't believe that one has survived!
TERMINATORS! + WITHOLDING TRANSFERS
VIOLATING HUMAN RIGHTS
Vision International People Group Public, Ltd.
Vision International announced the Interim Management Statement of the Group for the period from January 1 to March 31, 2009 that has been prepared pursuant to article 11 of the Transparency Requirements Law 2007 Of the Nation of Cyprus where HQ is located. Vision International People Group revenues for the period under review compared to the corresponding period in 2008 had declined by around 35%. As it was to be expected, driven by the lower sales, gross profit for the period under review declined in comparison to that of the same period of 2008. The operating results of the group show a declining trend due to the decrease in the sales of the group. 2009 will be a year during which the group will restructure its operations in view of the current economic crisis but will continue to invest in operations in new markets with a view to increasing market share. OR TERMINATION AND REFUSAL OF TRANSFERS FOR DISTRIBUTORS - VIOLATIONS OF HUMAN RIGHTS! ABOUT CYPRUS STOCK EXCHANGE
RANDY JEFFERS – DESTINY TELCOM NOW DOING PENNY AUCTION ACTION BIDS THAT GIVE
July 2012 1. DESTINY TELECOM was shut down by the California AG. Some other states jumped in too! Later He launched WOW Mobile with a bad contract from T-Mobile, that contract bankrupted WOW mobile. That flooded the Watchdog with Distributor complaints for not getting paid. Bids That Give, YouTube video says that the “rewards” Bids That Give provides include “an orphanage and a school, or hospital built in your name.” All of this apparently is possible because Bids That Give has a “global business model” and employs a “concept” known as “PPSC,” which stands for Private Profit Sharing Company. yeah he better hope so! I hope Jeffers Has some good MLM legal advice because one thing we know is that MLM Charities seem to have been most hated by U.S. Federal and State Regulators
MLM LEADERS! DANGERS IN YOUR SELF DIRECTED IRAs!
April 2012 - The MLM Watchdog hears from people that got caught up in Ponzi schemes designed as investments to suck up IRA money. The SEC just put out a warning! DANGER
ROYALTY 7.COM SOPHISTICATED PONZI
April 2012 - A very sophisticated well written ponzi site offering Total Return (every 30 days) of GASP 154% R.O.I of course that is if you keep reinvesting your money - SUCKER!! Go look but don't you dare play their silly game!
RUSSIAN SCAMMER Sergei Mavrodi ON THE MOVE
March 2012 - This guy ripped off Russians to the tune of $1.5 billion dollars. Belarus latest to block his latest scam. Rumor has it he is looking to set up offshore companies (plural) to run scams in Europe and the U.S.
Read this article for I.D.
BIDIFY UPDATE! YOU TUBE INVESTMENT VIDEO'S GONE =
March 2012 update it appears they are trying to clean up their act! A high speed ponzi scam that is run on a high speed penny auction scam. The owners have gotten off-shore hosting money, clearing, etc. They did this thinking they could dodge the law in all nations and
LYONESS INVESTIGATION LAUNCHED DUE TO COMPLIANCE REPORTS!
NOW WE HAVE REPORTS THAT THEY ARE IN COMPLIANCE IN THE U.S.
I have some really good WatchDog "Deputies" Who zeroed in on very ‘flashy’ newly launching (in the U.S.) as an MLM. They report that they are now in compliance with all U.S. laws There have been no authorities charging illegal activity in checking Europe and Austria where they have been operating.
10 Jan 2012 - you will find it hard to believe that this is possibly the worlds longest scam page warning you against Forex Robots and ends up selling you (Robot Software). This is sold through a 4 level affiliate program. In 13 states a 2 level pay plan is considered MLM.