Tag Archive for MLM Blacklist

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Eaconomy Securities Fraud Warning From The UK Authorities

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The Financial Services Authority (FSA) in the United Kingdom regulate the conduct of around 42,000 businesses in the UK to ensure that financial markets work well.
Financial markets must be honest, competitive and fair so consumers get a fair deal. We work to ensure these markets work well for individuals, for businesses, and for the growth and competitiveness of the UK economy.
For Eaconomy the Financial Services Authority stated:

“This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.
Almost all firms and individuals must be authorised by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK.”

Unauthorised firm details
Name: Eaconomy / (https://eaconomy.best)
Address: Aldgate Tower, 2 Leman St, Whitechapel, London, E18FA
1980 Festival Plaza Drive Summerlin South, #300, Las Vegas, Nevada, UNITED STATES OF AMERICA, 89135
Telephone: +442037462409
Email: support@eaconomy.com
Website: https://eaconomy.best/
Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
What this means for you
If you deal with this firm, you

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Eaconomy New Allegations Coming up

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On 8 April 2024, we reported about several allegations around Eaconomy with as title Eaconomy Not paying Commissions, Terminating Leaders? A Review 
Today Ronald Naranjo, the former Nr. 3 of Eaconomy published a video about his experience with Eaconomy and founder / CEO Hassan Mahmoud.
Ronald Naranjo stated according to the video:

“I’m going to tell you the story of Eaconomy with balloons so that everyone understands what really happened. After the event we had in Medellín we get up in the morning and we had our back offices blocked and our virtual offices blocked.
And yes they don’t pay commissions And how do I know that they don’t pay us commissions Well, because I I was one of the first affected by all this that happened after all.
I’m going to tell you the truth and to give you a little more context in April of the year past that is 2023 I was in Cancun at the ower owner’s house where we were doing the negotiation.
He had the third position in the company. So I know what was happening in the downline and now I’m going to tell you about it. Let everyone be clear and don’t eat Chinese tales of what

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SEC Charges Eleven Individuals In $300 Million Forsage Crypto Pyramid Scheme

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7 USA Promoters involved:

Mark F. Hamlin, of Henrico, Va. for receiving $565,828
Alisha R. Shepperd, of Dunedin, Fla. for receiving $549,075
Carlos L. Martinez, of Chicago, Ill. for receiving $462,925
Cheri Beth Bowen, of Pelahatchie, Miss. for receiving $303,000
Ronald R. Deering, of Coeur d’ Alene, Idaho for receiving $267,075
Sarah L. Theissen, of Hartford, Wis. for receiving $130,118
Samuel D. Ellis, of Louisville, Ky. for receiving $72,405

MLM Blacklist members Faith Sloan, Vitaly Dubinin and Ankur Agarwal  are not charged, all-though deep involved.
The SEC press release:
Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States.
Those charged include the four founders of Forsage, who were last known to be living in Russia, the Republic of Georgia, and Indonesia, as well as three U.S.-based promoters engaged by the founders to endorse Forsage on its website and social media platforms, and several members of the so-called Crypto Crusaders—the largest promotional group for the scheme that operated in the United States from at least five different states.

According to the SEC’s complaint, in January

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MLM Blacklist – Tanya Jennings Cash FX – Cease and Desist?

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Business For Home received a cease and desist letter from Tanya Jennings an australian citizen and promoter for Cash FX, a Ponzi scheme established in Panama, South America.
As a mature internet marketer she should know she is involved in a Ponzi. For that reason she was placed on our infamous MLM Blacklist.
For an analysis of the Ponzi payments and Tanya’s involvement please see this Facebook group.
As an ASIC alert,  Australia’s corporate, markets and financial services regulator.
As YouTuber Spencer Cornelia coverage (211,000 views):

The letter Tanya Jennings send on 8 July 2022:
———————-
“Attention Mr Nuyten,
It has come to our attention that businessforhome.org has made false comments regarding Tanya Jennings, listing her on the MLM Blacklist – businessforhome.org/mlm-blacklist
Tanya is an affiliate marketer for various software and has her own course helping hundreds of people earn online and grow their businesses organically. Visit ueconomylab.com/about-us
Cash FX is only the second MLM Tanya has ever been involved with in her decade online and is no longer actively promoting the program. Regardless Cash FX group is a decentralised program there is no evidence stating it is a “ponzi”.
Your statement is false and are a serious defamation to Tanya Jennings, causing personal injury. They are in contravention of the defamation legislation in

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