Articles under ‘companies’:

OneCoin affiliate a suspect in Finnish financial crime case

Finland was one of the first countries to announce a OneCoin investigation. Unfortunately Finnish authorities put investigating the Bulgarian Ponzi scheme in the “too hard” basket. Naturally the Ponzi problem didn’t go away, and people in Finland continued to be recruited into and scammed by OneCoin and its affiliates. With complaints from the public continuing [Continue reading…]

Trade Coin Club monopoly money ROI payments exposed

There’s a reason the term “monopoly money” was coined to refer to money paid to Ponzi investors they don’t actually receive. Typically these payments are represented in affiliate backoffices and often times they’re reinvested in pursuit of higher gains. On the backend of the scam the money doesn’t exist, with reinvestment buying the admin(s) time [Continue reading…]

Sandra Gavel cops $123,728 Summary Judgment (Zeek Canada)

Canadian Zeek Rewards scammer Sandra Gavel’s response to clawback litigation filed against her was somewhat confusing. Upon being served papers on behalf of the Zeek Receiver, Gavel penned a letter to the court to inform it she didn’t consent to US jurisdiction. This didn’t mean anything legally, and so the Receiver filed a motion requesting legal [Continue reading…]

TelexFree mattress money mule to change money laundering plea

Cleber Rocha, accomplice of TelexFree’s Carlos Wanzeler, was indicted back in March for money laundering. The indictment followed the arrest of Rocha in January, after authorities caught him distributing large sums of money on Wanzeler’s behalf. Information provided by Rocha lead to the seizure of twenty million dollars, hidden under a mattress in an apartment [Continue reading…]

Youngevity accuse Wakaya’s Todd Smith of witness tampering

The beef between Youngevity and Wakaya Perfection continues to intensify. In a September 12th filing, Youngevity filed a motion requesting sanctions for witness tampering.

Mama Captain blacklisted by authorities, reboots as iBuddee

Malaysian authorities have a reputation of being one step behind scammers that operate locally. Recently the country has lifted its regulatory game, but unfortunately it’s still far to easy for those running Malaysian scams to evade arrest.

Ad Pack Pro criminal investigation stalls over freezing of evidence

Ad Pack Pro was a Ponzi scheme initially launched in 2015. The  current adcredit iteration was launched on or around March, 2016. Headed up by CEO Peter Mueller (right), Ad Pack Pro solicited  €25 EUR investment deposits on the promise of a  €30 EUR ROI. By January 2017 the scheme had collapsed, prompting a flood of complaints [Continue reading…]

VMA Life Review: Vemma pyramid scheme alive and well in Asia

According to a published “company profile”, VMA Life initially launched as Vemma Asia. Vemma Asia was founded in 2004 by Kenneth Koh in partnership with BK Boreyko from the United States. Under Kenneth’s careful guidance and leadership, the company has grown to become a regional powerhouse in the field of premium liquid nutrition in Asia [Continue reading…]

LuLaRoe seek to force mommy blogger to disclose whistleblower sources

LuLaRoe are a fashion-based MLM company that have been around since 2012. Christina Hinks, a former LuLaRoe affiliate,  is a “mommy blogger” who goes by the alias MommyGyver. MommyGyver is also a website, on which Hinks frequently blogs about LuLaRoe. Much like what we publish here on BehindMLM from time to time, MommyGyver’s articles on [Continue reading…]

Joseph Craft banned from appearing before SEC as an accountant

Continuing their pursuit of professionals who enabled the $3 billion dollar Ponzi scheme TelexFree, the SEC today announced it has banned Joseph Craft from appearing before them as an accountant.