So the saying goes; the wheels of justice turn slowly. Honestly, sometimes in the MLM world it feels like they don’t move at all. Back in 2014 BehindMLM published our MyNyloxin review. MyNyloxin served as the official network marketing arm for Nutra Pharma. Steve Gewecke headed up the company, which combined cobra venom pain relief [Continue reading…]
Articles under ‘regulation’:
The FTC’s lawsuit against Scott Chandler, Louis Gatto, Eric Pinkston and Thomas Dluca is turning into a bit of a circus. At the heart of the theatrics are two core issues; Scott Chandler handing over his illgotten bitcoin and Thomas Dluca deleting incriminating emails.
Richard and Angela Maike, Doyce Barnes, Richard Anzalone, Faraday Hosseinipour, Dennis Dvorin and Jason Syn were scheduled to face trial on January 7th, 2019. Following ongoing discovery issues and attorney substitution, that court date has now been vacated.
Thirteen Maxim Trader Group executives and employees have been found guilty in a Taiwanese court on charges related to investment fraud.
In a complete backflip from being “not interested” in settling as of October 2nd, Michael Force has reached a settlement with the FTC.
All but cementing any doubt it wasn’t a $3.6 billion dollar Ponzi scheme, on September 28th Judge Gorton ordered Final Judgment against TelexFree and TelexFree LLC.
Following the collapse of KashhCoin in late 2017, founder Asif Ashraf Malkani withdrew what he’d stolen and went into hiding. Complaints from KashhCoin investors after the collapse prompted an investigation by Indian authorities. That investigation lead to the arrest of one of Malkani’s accomplices. Malkani however remained at large, until his recent arrest in New Delhi.
Richard Maike and Richard Anzalone have filed motions to continue the Infinity2Global criminal trial. The trial is currently scheduled for January 7th, 2019. The DOJ has opposed the motion and argues that the defendants are trying to delay trial.
Back in early August, Richard Maike filed a motion arguing the DOJ’s use of public webinars constituted an illegal wiretap. The court has rejected Maike’s arguments and dismissed the motion.
Having failed to negotiate a settlement between themselves, defendant Mary Dee and the FTC have filed a joint settlement conference motion.