USI-Tech @ BehindMLM

The North American Securities Administrators Association (NASAA), has urged the US House Committee on Financial Services not to weaken state securities regulators. Several MLM related fraud cases, initiated by state regulators in the US, are cited in support. NASAA is made up of US state regulators, as well as their equivalents in the District of [Continue reading…]

USI-Tech co-founder Horst Costa Jicha has been added to the FBI’s most wanted list. As per Jicha’s most wanted list entry;

USI-Tech co-founder Horst Jicha has violated the terms of his release and gone on the run.

The FBI is seeking information from USI-Tech Ponzi victims. A questionnaire published on the FBI’s website “is seeking to identify potential victims of USI-Tech”.

USI-Tech co-founder Ralf Gold has been found dead in Brazil. As per a June 19th article from Radio Acesa spotted by the FaceBook group USI-Tech – Now What!?, Gold, 59, was “found dead inside the Clube do Tiro” on Wednesday.

USI-Tech co-founder Horst Jicha has been arrested in Florida. Jicha was indicted under seal on August 23rd, 2023. On December 21st, the DOJ filed a motion seeking limited unsealing of Jicha’s indictment. The stated reason for the request was for the limited purpose of disclosure to and by law enforcement personnel, including foreign authorities and the [Continue reading…]

Lee Oakley and partner in crime Kerry Stockton are building a mansion in Australia. As per a promo from Lea Design Studio, principal architect of the project, Oakley’s and Stockton’s waterfront property will be crowned “Laguna”.

Earlier this month Frank Calabro Jr. posted a series of rants against the North Carolina Securities Division. In one provided court transcript, it is revealed Calabro Jr. stole at least $2.2 million from USI-Tech Ponzi victims.

Following an order permanently banning USI-Tech from operating in Ontario, Canada, the Ontario Securities Commission has published detailed reasoning behind its decision. The reasoning includes an email from USI-Tech management that throws their Canadian affiliates under the bus.

Seemingly more procedural than anything at this stage, the Ontario Securities Commission is seeking an order that would permanently ban USI-Tech.