Articles under ‘regulation’:

BitClub Network investor alert issued in North Carolina

A BitClub Network investor warning has been issued by the North Carolina Securities Division.

MOBE’s “entire business model is a fraud”, FTC’s TRO granted

The FTC’s request for a Temporary Restraining Order against MOBE is supported by over 4557 pages of evidence. This includes: declarations from multiple MOBE victims (168 complaints were filed with the FTC) citations from MOBE’s 2016 case against Digital Altitude evidence collected from transcripts of communications between undercover FTC agents and MOBE staff evidence collected via [Continue reading…]

FTC claim MOBE a $125 million “fraudulent business education” scam

After the FTC busted Digital Altitude earlier this year, inevitably people began asking “What about MOBE?” So similar are MOBE’s and Digital Altitude’s “high-ticket marketing education” business models, that MOBE actually sued Digital Altitude in 2016. Having won an injunction against Digital Altitude and the scam all but shut down, now the FTC have filed [Continue reading…]

MOBE admins confirm FTC investigation, beg for legal defense funding

Following our announcement yesterday, BehindMLM can now confirm an FTC investigation into MOBE. That investigation is directly responsible for the MOBE website being offline and suspension of business operations.

MOBE shut down by the FTC?

This morning I received intel that two days ago top earners, Michael Williams and Michael Giannulis, informed their MOBE downline they were leaving the company. The cited reason for Williams’ and Giannulis’ departure was an FTC investigation into MOBE. Currently every MOBE corporate website is down. Here’s what we know.

Vida Divina not licensed to sell products in Ecuador, warning issued

Vida Divina is being actively marketed across Ecuador without an appropriate license from the National Agency for Health Regulation, Control and Surveillance (ARCSA). This has prompted ARCSA to issue a regulatory warning against Vida Divina, urging Ecuadorians to consider “the safety of the population”.

Oscar H. Brown & Robert Mecham Zeek Rewards settlements pending

For their part in defrauding Zeek Rewards Ponzi victims out of $1.8 million, the Receiver sued USHBB and operators James More, Oscar H. Brown and Robert Mecham in 2015. Default judgement was entered against USHBB ($675,000) and James Moore ($109,130) in 2015. Pending approval from the court, the Receiver has reached a settlement agreement with [Continue reading…]

Norway reaffirms Lyoness illegal pyramid scheme decision

Any hope Lyoness changing its name to myWorld would reverse an earlier ban have been dashed, after the Norwegian Gaming Board reaffirmed Lyoness is an illegal pyramid scheme.

Zhunrize Vodaware settlements, Todd Spencer still fighting

In late 2017 the Zhunrize Reciever filed suit against Vodaware. Vodaware was essentially a shell company set up to assist in the operation of Zhunrize. Ironically the company’s initial cooperation with the Zhunrize Receivership led to the Receiver uncovering it as the recipient of $2.8 million in stolen investor funds. The Receiver’s lawsuit named  Vodaware, Inc., [Continue reading…]

MBI International founder Teddy Teow charged with financial fraud

The Bank of Malaysia has charged MBI International Ponzi boss Teddy Teow with two counts of financial fraud.