Articles under ‘regulation’:

Perfectly Posh warned by FDA for product claim violations

Perfectly Posh operate in the personal care MLM niche and are based out of Utah in the US. As per the company’s website, Perfectly Posh market a range of products it claims ‘are made in the USA with the purest, natural ingredients on earth‘. Back in March the FDA visited the Perfectly Posh website for [Continue reading…]

OneCoin a criminal organization, claims Kazakhstan regulator

Back in April Kazakhstan authorities arrested top OneCoin investor Mirsaitova D.K. and several of her local downline. The case is being handled by the Economic Investigation Service, a department of the State Revenue Committee. In response to a media enquiry, yesterday the SRC provided an update as to the current status of the case.

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.

OneCoin Vietnamese regulatory document forged, govt says

Last weekend OneCoin held an affiliate rah-rah event in Vietnam. Coinciding with the event, a document purportedly signed off on by the Vietnamese government began doing the rounds. According to Vietnamese OneCoin affiliates, the document was “proof OneCoin has been officially licensed in Vietnam”. Not surprisingly, a few days ago the Vietnamese government issued a [Continue reading…]

Cleber Rocha wants money laundering evidence suppressed

With tens of millions of dollars in stolen Ponzi money on the line, the Department of Homeland Security agents who arrested Cleber Rene Rizerio Rocha had to move fast. Rocha, better known as the TelexFree mattress money mule, was caught trying to launder stolen investor funds on behalf of Carlos Wanzeler and his nephew,¬†Leonardo Casula [Continue reading…]

Renato Rodriguez & Gutemberg Dos Santos final judgments entered

Back in March the SEC filed a complaint against Vizinova owners Renato Rodriguez and Gutemberg Dos Santos. The SEC alleged Vizinova was a $5 million dollar Ponzi scheme. BehindMLM reviewed Vizinova in 2014 and concluded the same. Rather than contest the allegations and clear their name, both Rodriguez and Dos Santos settled. On June 8th, [Continue reading…]

Richard Maike and top Infinity 2 Global affiliates indicted

Following criminal charges filed against Richard Maike back in April, Maike, his wife and several top Global1Entertainment affiliates have been indicted. Named in the indictment are Richard Maike, Doyce Barnes, Richard Anzalone, Faraday Hosseinipour, Dennis Dvorin and Jason Syn. Maike’s wife Angela R. Leonard-Maike is also a named defendant.

Skyway Capital warning issued Estonian financial regulator

Estonia’s Financial Supervision Authority (FSA) is the country’s top financial regulator. Following increased interest and participation in Skyway Capital, the FSA issued an investment warning back in April.

D9 Clube banned in Rwanda for being an “illegal pyramid scheme”

Initially targeted at South America and Europe, the D9 Clube Ponzi scheme has since spread to west Africa. In a move to stem propagation of the scam across Rwanda, the National Bank today banned D9 Club. According to the National Bank of Rwanda, D9 Clube is

Indian authorities hunting six OneCoin affiliate fugitives

With twenty-four OneCoin affiliates already behind bars, Indian authorities are closing in on top Indian OneCoin affiliates. The latest out of India is reports that the Economic Offenses Wing are “hunting” four Indian nationals and Mary Beyance and Ereena Andreva.