companies @ BehindMLM

The SEC has secured a $46.2 million default judgment against Mining Capital Coin’s co-founders. Mining Capital Coin was an MLM crypto Ponzi launched in 2018. The SEC sued Mining Capital Coin and co-founders Luiz Carlos Capuci and Emerson Sousa Pires in 2022, initially alleging $8 million in securities fraud. This grew to $28.47 million as [Continue reading…]

Alex Morton has settled Iyovia fraud allegations with the FTC and Nevada for $76,286,886. Morton’s monetary judgment was part of a stipulated order settlement, filed on September 3rd. Based on a July 16th financial statement provided to the FTC, Morton will only pay $10 million of his $76.2 million judgment.

MWR Life has received a pyramid fraud warning from the Central Bank of Russia (CBR). As per the CBR’s September 1st warning, MWR Life exhibits “signs of a financial pyramid”.

BG Wealth Sharing fails to provide verifiable ownership or executive information on its website. The only name attached to BG Wealth Sharing on its website is founder “Professor Stephen Beard”: Stephen Beard doesn’t exist outside of BG Wealth Sharing’s website and is assumed to be a fictional identity. BG Wealth Sharing operates from three known [Continue reading…]

Although it’s presented as a third-party company, T7X is also credited as being behind Trusted Smart Chain’s blockchain. This is from Trusted Smart Chain’s website FAQ; The founder of T7X also established and launched the Trusted Smart Chain blockchain to provide a secure and compliant foundation for RWA trading across decentralized platforms. “RWA” stands for [Continue reading…]

Hubert Freidl’s Lyoness pyramid scheme has collapsed. Last week both the myWorld and Lyconet websites were disabled. Lyoness’ corporate website, hosted on “lyoness.com”, has also been disabled. myWorld’s official FaceBook page is still up but hasn’t been updated since August 6th. The official Lyconet FaceBook page was last updated on July 25th. The post has [Continue reading…]

The FTC has accused Iyovia co-founder Christopher Terry of dissipating over $6 million in assets. The FTC alleges Terry’s actions violate the Iyovia preliminary injunction granted on August 12th. In an emergency motion filed on August 28th, the FTC requested the court direct Terry to explain why he shouldn’t be held in contempt.

Iyovia has received an investment fraud warning from from Chile’s Financial Market Commission (CMF). CMF included Iyovia in a list of unregistered investment schemes, published on August 5th, 2025.

Be Club has received a securities fraud warning from the Ontario Securities Commission (OSC). The OSC issued its Be Club warning on August 27th, noting company names Be Royal Family Trading and Be Trading Group.

ToFro has received a Ponzi fraud warning from Nigeria’s Securities and Exchange Commission (SEC). As per the SEC’s April 30th, 2025 ToFro warning;