regulation @ BehindMLM

The Traders Domain Ponzi scammer Juan Herman, aka JJ Herman, has been hit with a $250,000 contempt fine. The fine was part of an August 12th order, following contempt allegations raised by The Traders Domain Receiver.

MTS Foundation and ToFro have received a trading fraud warning from Belgium’s Financial Services and Markets Authority (FSMA).

BitClub Network’s Joby Weeks has tested positive for cocaine. Citing Weeks’ drug habit and other violations, the DOJ has pushed back on Weeks’ requests for relaxed release conditions.

Avlitex has received a trading fraud warning from Belgium’s Financial Services and Markets Authority (FSMA).

OnPassive owner Ash Mufareh has settled fraud charges with the SEC for $32 million.

Alliance in Motion has been ordered to cease business operations by the Vanuatu Financial Intelligence Unit (VFIU). VFIU commenced an investigation into Alliance in Motion (aka AIM Global), following a marketing event held at the Ramada Resort on August 5th.

Michael Shannon Sims, a defendant in the CFTC’s The Traders Domain Ponzi case, has been accused of mortgage shenanigans, hiding luxury watches and failing to disclose requested financial information. On July 28th, the Traders Domain Receiver filed a motion requesting Sims be ordered to show cause over multiple injunction violations.

Iyovia defendants Jason Brown, Matthew Rosa and their company Global Dynasty Network, have settled fraud allegations brought by the FTC and State of Nevada for $36 million.

The head of myWorld Spain has been arrested on pyramid fraud charges. Spain’s National Police confirmed the arrest in a July 31st press-release.

As per a July 31st order, the Texas State Securities Board has opted to set aside its Apertum Foundation emergency order. The order, issued on March 20th, pertains to ongoing alleged securities fraud. In addition to Apertum Foundation, TSSB’s order named Josip Heit, Dirc Zahlmann, Bruce Innes Wylde Hughes and Dennis Christopher Loos as respondents.