Legal Punk Review: A Controversial MLM Venture Launched by a OneCoin Lawyer
Legal Punk emerges as an MLM venture associated with the German law firm SBS Law.
However, it conceals its connection with SBS Law by representing it as a “partner” on its website.
This review delves into the background of Legal Punk, its founders, and the questionable history of SBS Law.
The co-founders of Legal Punk, as listed on their website, include Andre Schenk, Andrais Hamori, and Dirk Ulaszewski.
Andre Schenk is linked to SBS Law, which he shares with Stephan Schulenberg.
Notably, Schulenberg and Schenk were previously part of the infamous law firm Schulenberg & Schenk, infamous for endorsing OneCoin’s fraudulent business model back in 2015.
Schulenberg and Schenk gained notoriety for approving OneCoin’s distribution system, which later defrauded consumers of over $4 billion.
This scandal is recorded as the largest MLM Ponzi scheme to date.
Schulenberg also served as the personal lawyer for OneCoin founder Ruja Ignatova in Germany, who remains a fugitive and was placed on the FBI’s top 10 most wanted list in July 2022.
Schulenberg defended OneCoin executives and promoters in Germany, securing acquittals for two such promoters in 2020.
In 2021, he represented Frank Ricketts in an ongoing OneCoin money laundering case, although Ricketts eventually sought different counsel.
Rebranding and Language Barriers
Despite the controversies surrounding them, Schulenberg and Schenk rebranded their law firm as SBS Legal in January 2020, presumably to distance themselves from OneCoin.
Language barriers hindered the ability to gather independent MLM histories for Andras Hamori and Dirk Ulaszewski.
On Legal Punk’s website, Hamori is described as a “computer scientist and former high school teacher” who founded a successful advertising agency in the late 1990s.
Dirk Ulaszewski is noted as a former Olympian and executive with experience in Herbalife, NuSkin, and IBM, where he developed his affinity for IT.
Corporate Address and Target Audience
Despite being based in Germany, Legal Punk provides a corporate address in Las Palmas, Spain.
This address corresponds with a Spanish shell company. The website is primarily presented in German, indicating its focus on German-speaking clientele.
Legal Punk’s Products
Legal Punk offers monthly subscription services granting access to legal services and documents for MLM distributors.
These subscription tiers include Bronze, Silver, Gold, and Platinum, each offering varying legal services.
Legal Punk claims liability for the legal texts produced by its lawyers, following their General Terms and Conditions.
Legal Punk provides commissions on subscription purchases by retail customers and affiliates.
This includes referral commissions and residual commissions, although specific terms for the latter are undisclosed
Becoming a Legal Punk affiliate is free of charge.
Legal Punk’s credibility hinges on its legal reputation, which is deeply intertwined with the controversial history of Schulenberg & Schenk’s involvement with OneCoin.
Their failure to identify a multi-billion dollar Ponzi scheme raises concerns about their legal advice and representation.
Furthermore, Legal Punk’s compensation plan and lack of retail volume qualifiers raise suspicions of operating as a pyramid scheme.
In summary, potential investors should exercise extreme caution when considering involvement with Legal Punk, given its troubling connections and the cloud of controversy surrounding its founders’ past actions.
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