Connect with us

Uncategorized

MyCOM – Crook Review Part 2

Published

on

This isn’t your normal BehindMLM review since MyCOM purposely omits specifics about their MLM potential in their marketing.

Hiding information is a typical occurrence across the numerous aspects of parent firm Tesora Financial’s business, which made compiling this evaluation difficult.

On that reason alone, I would advise against MyCOM and Tesora Financial. MLM firms will only go to such efforts to conceal facts if they are up to no good.

Continue reading to find out what MyCOM and Tesora Financial are up to.

Jaime Villagomez is the founder and CEO of MyCOM.

Villagomez is also the founder and CEO of Tesora Financial Group (dba Tesora International) and its subsidiaries.

Villagomez is the founder and CEO of MyCOM and Tesora Financial Group in Utah, USA.

MyCOM was founded in 2017 as an MLM ecommerce platform.

Here’s how it’s going four years later:

Every quantifiable indicator indicates that MyCOM’s marketplace is a failure. As a result, it’s not unexpected that Tesora Financial and Villagomez have hopped on the cryptocurrency bandwagon.

But before we get there, let me explain what MyCOM is all about.

You’re basically looking at a closed ecommerce portal with cashback. Instead of payback, affiliates, consumers, and companies are compensated in COMS, which Villagomez emphasizes is “not a cryptocurrency.”

That’s deceptive, because there appears to have been a crypto component to COM points at some point:

Aside from that distinction, COMS might just as well be a MyCOM coin.

When retail consumers buy things from MyCOM’s empty marketplace, they get COMS. They are unable to cash them out.

Retailers are compensated in COMS, which they may exchange for cash.

It is unclear whether MyCOM affiliates can pay out COMS, although it is probable that they can (hush hush).

Oh, and COMS may be directly invested in for some reason, which makes no sense other than as a money spinner for MyCOM.

On the MLM front, it is unclear if commissions are paid on MyCOM investments.

What we do know is that MyCOM charges merchant fees, which pay the cashback (dubbed “shareback” for obvious reasons).

MyCOM retains 30% of the payback fee earned from the merchant and pays the remaining 70%.

30% to the buyer and 1% to 4% to the recommending MyCOM affiliate (depending on how much they pay in fees).
4% goes to the store’s MyCOM Pro Advisor.
15% is allocated to “regional managers.”
20% by way of a ten-level deep unilevel team
MyCOM purposefully conceals this unilevel compensation system. It’s nowhere to be seen on the internet or in their marketing videos.

MyCOM does not wish to be perceived as an MLM firm, according to the evidence I’ve seen. They believe this will put them in a better position to recruit retailers (see screenshot above, things are looking up).

Aside from questionable business tactics, MyCOM’s Marketplace collapsed due to an outmoded model.

MyCOM charges clients for access on a three-tiered scale:

Basic – free of charge
In addition – $60 per year
VIP – $120 per year
The more your payment, the more COM points you can gain.

Oh, and you must be suggested by a current MyCOM associate as a potential customer.

That’s in comparison to the plethora of free applications and browser cashback/voucher extensions, many of which offer far greater coverage of accessible merchants.

There are no costs, no restriction ecosystems to join, and some even provide cashback.

That is the business model against which MyCOM’s Marketplace competes. So it’s no surprise that the notion failed.

Every MLM ecommerce cashback platform’s Achilles’ heel is this. Fees must be levied somewhere or there will be no commissions to pay out.

MyCOM charges the following affiliate fees:

Business Consultant – $360 per year
Professional Representative – $600 per year
MyPoint Pro – $900 per year
Again, how much you spend has a direct influence on your earning potential.

MyCOM’s business fees are as follows:

Shareback Plus – $100 yearly, capped at $50,000 Shareback VIP – $300 annually, capped at $150,000 Shareback Free – no fee, capped at $500 Shareback
The same thing happened.

MyPoint membership is $900 per year or $75 per month. It looks to be a membership fee just to “increase your earning potential.”

It is unclear whether commissions are paid on the aforementioned membership costs. I’d guess so, because otherwise, what else is MyCOM doing with those fees?

Anyway, now that we’ve established what MyCOM is and why it failed, let’s move on to Tesora Financial’s next phase: crypto shitcoins.

Tesora Financial has a plethora of shell businesses, just a handful of which have been expounded on.

The main firms we’ll discuss are Bitcoin Trust, Tesora Trust, Tesora Custody, and Tesora Exchange.

Bitcoin Trust is Tesora Financial’s principal shitcoin.

Bitcoin Trust (BCT) is an ERC-20 shitcoin, according to the company’s plan.

ERC-20 shitcoins can be created in around five minutes on the Ethereum blockchain for little to no cost.

MyCOM affiliates can invest in BCT directly through their backoffice.

Tesora Financial offers BCT to affiliates for 0.9994 USDT per, according to the preceding sample from Jaime Villagomez’s backoffice.

According to Tesora Financial’s marketing, the key motive for BCT investment is the expectation that affiliate investors would eventually be able to withdraw more than they invested.

I was unable to determine whether commissions are paid on BCT investments due to the aforementioned confidentiality.

BCT is parked with the corporation after it is invested in. Tesora Financial compensates affiliate investors with additional BTC in return for this. Internal value rises, and associates profit more than they invested.

In other words, BCT is a standard MLM cryptocurrency passive investment scheme.

This includes a shitcoin factory (why stop at one shitcoin? ), ostensibly linked to themed smart-contracts.

“Mobility token” is one of these shit tokens:

My ECOM offers “you can drive your dream automobile, for free” in a mobility token commercial film posted in August 2020.

Affiliates invest in mobility tokens, receive additional mobility tokens in exchange, cash out other people’s money, and use that money to pay off the auto loan.

Tesora Financial’s website lists the mobility token concept under “AutoMobility.”

There is a link to another website, “automobility.it,” on that page.

Auto Mobility, as far as I can determine, is an independent Italian company that precedes MyCOM.

Naturally, there is no mention of a mobility token on the Auto Mobility website.

The only mention I could find was a post from August 2020 on Auto Mobility’s official Facebook page.

It’s interesting that Auto Mobility doesn’t plaster free automobiles all over its website.

Other crap tokens with a theme Tesora Financial promotes entrepreneurship (power start) and real estate (power house). Invest in tokens, park tokens, get more tokens, cash out – free everything.

Tesora Trust is a relatively unknown passive investing possibility. It is mentioned on myCOM’s website, although the corporation is purposefully vague regarding the details:

“Holding assets” seems like another way to park tokens, obtain additional tokens, and cash out.

The referenced website domain, “tesora.io,” is obviously inoperable.

Tesora Custody is a bitcoin investment opportunity that is available through myCOM.

Put your bitcoin in Tesora Custody and you’ll get additional coins!

It makes no sense to keep your bitcoins without trading them; instead, put them on deposit and have them work for you!

Sounds like a typical Ponzi scam gimmick in cryptocurrency trading.

Finally, there is “Mining Farm by Tesora Group,” which is a passive investment option.

Tesora Group’s Mining Farm allows community members to participate without having to handle the technology by using Tesora coins [sic].

This is the sole mention of a “tesora token” I found.

Tesora Financial Group and Jaime Villagomez have formed and are marketing several securities offerings by offering multiple passive investment possibilities through their MLM opportunity or elsewhere.

With all of this happening in the United States, myCOM and Tesora Financial Group must register their securities offerings with the Securities and Exchange Commission (SEC).

The SEC has not registered MyCOM, Tesora Financial Group, any of the known shell firms, or Jamie Villagomez.

And now you see why everything is kept hidden and softly marketed behind closed doors.

To summarize;

myCOM is a failed ecommerce platform MLM company that conceals the fact that it is an MLM company; parent company Tesora Financial Group has jumped on the crypto bandwagon, launching several passive investment schemes; neither myCOM nor Tesora Financial Group is registered with the SEC, indicating that the company is committing securities fraud and operating illegally.
You know the routine. This will not end nicely.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

Awakend & Zenith – Crook Review Part 3

Published

on

By

Mickey Burns, a BehindMLM reader, contacted me earlier today to let me know.

This blog’s content is fantastic, and it has really aided me throughout the years.

She also criticized our coverage of Awakend’s prelaunch, notably their leptin supplement Zenith.

Oz, the white paper is available on the internet. Even a cursory Google search will reveal how the hormone Leptin functions.

This encouraged me to visit Awakend’s new website (which didn’t exist at the time I covered the company’s prelaunch) and download a copy of their “whitepaper” (tell me you’re a crypto bro without telling me you’re a crypto bro).

Oh, no.

You’ll see in the opening paragraph of the whitepaper report that it’s a 2008 study released in 2009. In other words, the research was carried out fourteen years before Zenith existed.

The next thing you’ll notice is that “Zenith” has been edited in, thus doctoring the published paper.

This renders it ineffective.

What was the original study’s purpose, as published? Is Zenith based on the same formula? Are the researchers okay with having their study doctored?

I’m not well-versed in academic process, but I can’t image doctoring published articles going over well. I know I’d be upset if someone took a published research with my name on it and changed it.

Awakend should publish the original study and include an update showing Zenith employs the exact same formula as examined in 2008.

Looking at the document’s attributes, we can see that it was last modified on August 12th, 2022 by Ashlee Headlee.

Ashlee Headlee James manages Awakend’s exclusive business Facebook community. Her precise function inside the organization has not been revealed.

Awakend’s website has no information about the company’s ownership or executives. Compensation paperwork is also missing, as recruiting is presently the company’s only priority.

The full Awakend evaluation of BehindMLM is pending the introduction of the company’s pay plan.

Awakend has updated the doctored study with a blanked out version of the original as of August 27th, 2022.

The following remark appears to have been added to the supplied 2008 research in reaction to this article;

The 2008 research referred to Trisynex, as stated in the comments below.

Roger Catarino sells Trisynex through First Fruits Business Ministry LLC.

The claim by Awakend to have “exclusive worldwide rights” is dubious because Trisynex-containing products exist and have been accessible for some time.

At the time of this update, Awakend had not addressed the availability of Trisynex in competitor products.

1st September 2022 – Update Because of the uncertainty surrounding Awakend’s assertions that Zenith is an exclusively licensed recipe, formulator Vietal Nutrition issued a statement.

Unfortunately, this has simply generated additional suspicions about Zenith’s exclusivity.

9th September 2022 – Update First Fruits Business Ministry has issued a stop and desist letter to Awakend about its Zenith marketing claims.

TriPharma (dba Vietal Nutrition) has achieved the appointment of a Receiver as of September 14, 2022.

FFBM will be placed under the control of the Receiver. The funds generated will be used to pay TriPharma’s 2013 judgment against FFBM.

Awakend has also deleted the previously supplied Trisynex research from its website, unless I’m mistaken.

Continue Reading

Uncategorized

SEC & Forsage – Crook Review

Published

on

By

The SEC has moved to provide alternate service to three of Forsage’s four founders.

Vladimir “Lado” Okhotnikov, Lola Ferrari, and Sergey Maslakov all live in other countries.

Okhotnikov, Vladimir “Lado”
According to the SEC;

Okhotnikov is a Russian citizen who is thought to be living in Tbilisi, Republic of Georgia. He is the operation’s public face, hosting many of its YouTube videos and participating in interviews with key promoters.

Okhotnikov engages with Forsage investors and promoters on a daily basis via Forsage and, more recently, Meta Force social media, YouTube, and Telegram.

Okhotnikov also has personal social media profiles via which he communicates, including Instagram, Facebook, VK, Telegram, and Twitter. He also has his own personal website.

Okhotnikov has stated on his Instagram profile that he is “constantly traveling,” and he appears to have visited Indonesia, Dubai, and Peru in the last two years.

During the inquiry, the Commission received a copy of Okhotnikov’s passport, which indicated him to be a Russian citizen but had no residence.

Despite attempts by Commission employees, the Commission is unsure of Okhotnikov’s present address.

He did, however, imply that he was in Georgia in both his August 19 and August 22 Instagram postings, and he reposted those same images on Facebook.

Similarly, he indicated that he was in Georgia in an interview he conducted on August 8, 2022, following the filing of the Commission’s Complaint in this situation.

Maslakov, Sergey
According to the SEC;

Maslakov is said to live in either Gelendzhik or Moscow, Russia. He has mostly appeared in Forsage Russian-language commercial films.

Foris DAX, the parent company of crypto exchange Crypto.com, provided the SEC with Maslakov’s email address and “last known whereabouts.”

Maslakov’s email address is smas*@yandex.ru, according to the account information obtained by Crypto.com.

The records also show that Maslakov visited his account from an IP address in Moscow, Russia, during 2021.

Maslakov’s present physical address and whether he is still in Russia are unknown to the Commission.

Furthermore, despite Internet searches, subpoenas, and voluntary inquiries to third parties, the Commission was unable to locate his actual address.

We suspect he is in Russia since he cites Russia as his location on his Facebook and VK profiles, and he accessed his Crypto.com account from a Russian IP address.

Ferrari, Lola
According to the SEC;

Ferrari, whose true identity is unknown but who goes by the name “Lola Ferrari,” is said to be a Russian national living in Bali, Indonesia.

She refers to herself as Forsage’s “goddess” and has starred in several of its advertising films.

The Commission’s officials established that Ferrari’s principal social media account is her Instagram profile during the inquiry.

Ferrari advertises Forsage on this website. She has also uploaded photos and videos that indicate she is in Bali, Indonesia.

Despite several efforts, the Commission has no knowledge of Ferrari’s present address or if she is still in Indonesia.

Service Alternative
With Maslakov in Russia and Lola Ferrari in Indonesia, Hague Convention service is no longer available.

Although Georgia is a signatory, because the SEC does not know Okhotnikov’s address, service under the Hague Convention is also ruled out.

As an alternative, the SEC is offering Maslakov service via email. Service on Okhotnikov and Ferrari will be carried out through social media.

The Commission intends to serve Okhotnikov and Ferrari by direct messages to their Instagram accounts, as well as Okhotnikov via direct messages to his Facebook and Twitter accounts.

Okhotnikov is still active on Facebook, where he posts about his life in Georgia:

Okhotnikov was last seen in Borjomi, a vacation town in central Georgia, according to a Facebook post from August 25th.

He’s also active on Meta Force’s YouTube channel, where he posts bizarre conspiracy theories and justifications for why investor cash and withdrawals are still frozen.

Lola Ferrari has made her Instagram account private since being accused by the SEC.

In support of their request, the SEC claims Okhotnikov is “indisputably” aware of the complaint.

Okhotnikov reacted directly to the claims in the Complaint via a video message aired online after the Commission filed action.

Following that, he gave an eighteen-minute interview on his Meta Force YouTube channel in which he denied the charges in the Commission’s complaint.

Authorizing service on a defendant via social media is especially acceptable when the defendant is clearly aware of the situation.
the case against him

Okhotnikov is already aware of the litigation against him, making such alternative service much more necessary.

Ferrari’s decision to make her Instagram page private implies she is aware of the litigation.

On September 2nd, the court granted the SEC’s motion for alternate service. The SEC verified service against Maslakov through email later that day.

Mikail Sergeev is Forsage’s fourth co-founder. Sergeev, according to the SEC, also resides in Moscow, Russia.

I’m not clear why Sergeev was omitted from the SEC’s motion, but I presume it was due to an inability to validate his personal information (email etc.).

The SEC has confirmed alternate service on Lola Ferrari and Lado Okhotnikov on September 9th and 13th, respectively.

Both defendants have till September 26th to respond.

Okhotnikov hasn’t posted anything on social media since August 27th. Since September 1st, there have been no MetaForce updates.

Continue Reading

Uncategorized

Dot Dot Smile – Crook Review Part 2

Published

on

By

Dot Dot Smile has declared bankruptcy, two and a half months after discontinuing its MLM opportunity and going wholesale.

On September 3rd, Dot Dot Smile filed for Chapter 11 bankruptcy in California.

According to the statement, Dot Dot Smile has $4.4 million in assets and $5.6 million in debt.

The following companies are Dot Dot Smile’s major creditors:

Gary Thompson – $200,000 (apparently a family loan)
CloudFund LLC (debt management firm) – $325,000
Mirror Fashion Company $1.5 million in Hong Kong
$600,000 for Nano (no details supplied).
Network Ventures LLC (contract violation) – $353,846
Nothing MLM-related shows on Dot Dot Smile’s file, at least not outside of the corporate side of things.

According to a BerhindMLM reader, as of July 31st, 2022,

Since May, no one has been paid. Thousands of dollars are owing to certain persons. They fired everyone on their team.

The cynic in me finds it difficult to perceive Dot Dot Smile’s bankruptcy as anything other than premeditated.

Nicole and Jeff Thompson (right) of the company presumably knew bankruptcy was imminent and reasoned that they needed to sell the MLM firm before filing.

Without the MLM possibility, there was definitely no intention of ever continuing Dot Dot Smile.

I might be wrong, but Dot Dot Smile suddenly being $5.6 million in debt in three months does not seem realistic.

I’m not sure how any of this works legally. Even if everything is legal, it reflects poorly on the Thompsons in terms of openness and Dot Dot Smile’s distributors.

Dot Dot Smile’s State of Financial Affairs report is expected on September 19th. A creditors’ meeting has been arranged for October 12th.

Nicole Thompson, the daughter of co-founders DeAnne and Mark Stidham, is connected to Dot Dot Smile.

It is unknown whether Dot Dot Smile’s bankruptcy filing has had or will have any influence on LuLaRoe’s business operations.

Continue Reading

Trending

Copyright © 2022 CrooksDirectory.