Apparently once you joined the seedier side of MLM (i.e. the pyramid and Ponzi scheme side), you get addicted to the easy money and you can't get out.
Kevin Trudeau apparently started cheating his way through life right after he finished high school, and quickly got into bank and credit card fraud.
Paul "ZeekRewards" Burks apparently operated multiple MLM businesses before shifting over to Ponzi scheme business model.
And this is hardly a Western practice, as apparently scammers are the same world over: it apparently is the only thing they know, once they had a taste of easy money.
Meet Yoshio Matsuura (松浦良夫), of Japan, and his link to at least two scams: Skybiz... and Interush.
a blog about Skepticism, MLM, Scams, and Critical Thinking
Showing posts with label Skybiz. Show all posts
Showing posts with label Skybiz. Show all posts
Saturday, June 6, 2015
Tuesday, September 23, 2014
BREAKING NEWS: Zhunrize closed as $100 million ponzi/pyramid scheme by SEC
Breaking news: Zhunrize, an alleged e-commerce platform that was pitched as "Internet store you can own" for $3000 a pop has been closed by SEC as a pyramid scheme where joiners are encouraged to recruit more joiners and get paid if they do so.
SEC has obtained a full Federal money freeze order from court in Georgia and have frozen all assets belonging to Zhunrize, and cited stats of up to 70000 victims who handed over 105 million dollars.
http://www.courthousenews.com/2014/09/23/71668.htm
Behind MLM had previously done a review of Zhunrize where it concluded this can only be a ponzi scheme. I have provided additional comment that this is just "Skybiz" pyramid scheme reinvented for 21st century... using the same lure: ecommerce.
http://behindmlm.com/companies/zhunrize-review-a-3000-e-commerce-platform
This marks the THIRD major Ponzi scheme shut down in 2014 ... TelexFree, WCM777, AND now Zhunrize.
SEC has obtained a full Federal money freeze order from court in Georgia and have frozen all assets belonging to Zhunrize, and cited stats of up to 70000 victims who handed over 105 million dollars.
http://www.courthousenews.com/2014/09/23/71668.htm
Behind MLM had previously done a review of Zhunrize where it concluded this can only be a ponzi scheme. I have provided additional comment that this is just "Skybiz" pyramid scheme reinvented for 21st century... using the same lure: ecommerce.
http://behindmlm.com/companies/zhunrize-review-a-3000-e-commerce-platform
This marks the THIRD major Ponzi scheme shut down in 2014 ... TelexFree, WCM777, AND now Zhunrize.
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