Articles under ‘MBI International’:

MBI Ponzi scheme duped 350,000 affiliates out of $165 million

An ongoing investigation by Malaysian authorities has revealed the MBI Ponzi scheme saw 350,000 affiliates lose 700 million MYR ($165 million USD). MBI was a Ponzi scheme based on GRC Unit Ponzi points. MBI affiliates invested up to $35,000 in GRC Units, the internal value of which was set by MBI.


Malaysian authorities still investigating MBI International fraud

MLM Regulation appears to be a bit ass-backwards in Malaysia. After seizing over $40 million dollars and arresting MBI International founder Teddy Teow, Malaysian authorities released him and claimed they were still investigating. Now the Domestic Trade, Cooperatives and Consumerism Ministry  has provided an update on the situation.


MBI International “top official” arrested in Malaysia, Teddy Teow?

Amid an ongoing investigation by Malaysian authorities that saw raids conducted on MBI malls earlier this month, now news that a “top official” has been arrested. Malaysian authorities haven’t identified the arrested individual. From the sounds of it though, there’s little doubt they’ve nabbed MBI International founder Teddy Teow.


MBI International malls raided, $41.2 million dollars seized

Following the Central Bank of Malaysia adding MBI International to their national alert list earlier this month, over the last few days police have conducted raids and seized millions of dollars.


MBI International added to Central Bank of Malaysia’s alert list

Nine years after it launched in 2009, Malaysia’s top financial regulator has finally taken action against MBI International. Bank Negara Malaysia is pretty much Malaysia’s SEC equivalent and regulates the country’s financial sector. On May 22nd, the bank added MBI International and M Face International to its consumer alert list.


MBI International scammers arrested in Taiwan

This one slipped through the cracks and was only recently brought to our attention by BehindMLM reader “TS”. Turns out back in August a number of MBI International scammers were arrested in Taiwan. The following is a run down in English, from a third-party translation and that of Kasey Chang.


MBI International Review: Recruitment & GRC units

Before we get started, I have to clarify that MBI International the MLM opportunity do not operate from “mbiinternational.com”. This appears to be an unrelated entity. MBI International the MLM opportunity operate from “mbiv2u.com” and are the subject of this review. MBI International launched in 2009 and is headed up by Tedy Teow (right). As per Teow’s MBI [Continue reading…]