8 Figure Dream Lifestyle scammers receive prison sentences
Dec.18, 2024 in
companies, regulation
8 Figure Dream Lifestyle’s three co-founders have received prison sentences.
- Alex Dee was sentenced to 36 months in prison and ordered to pay $1.84 million in forfeiture
- Brian Kaplan was sentenced to 22 months in prison and ordered to pay $2.83 million in forfeiture
- Jerrold Maurer was sentenced to 22 months in prison and ordered to pay $1.54 million in forfeiture
8 Figure Dream Lifestyle was an MLM gifting pyramid scheme launched in 2017.
Dee, Kaplan and Maurer were arrested between October 2023 and January 2024.
Kaplan and Maurer pled guilty to conspiracy to commit wire fraud in November 2023. Dee pled guilty to the same in July 2024.
The FTC also filed 8 Figure Dream Lifestyle civil fraud charges in 2019. A $31.9 million judgment was handed down in September 2020.
Legacy Builders promoters next?
There would certainly be enough victims to warrant a case. I’d like to say Legacy Builders and/or one of the other larger Covid-19 gifting scams that popped up will get dinged but over the next four years, who knows?
^^ That’s from an FTC Commissioner on December 17th, dissenting against the FTC regulating unfair or deceptive fees. When we’ve got FTC Commissioners (openly) putting politics above consumer harm, we’ve got a problem.
I’d like to be pleasantly surprised but I’m not expecting much from US authorities till after 2028.
For the record when it comes to BehindMLM I couldn’t give a toss about politics. That said between the SEC, CFTC and various state regulators, over the last four years we’ve seen a dramatic decrease in US MLM related securities, wire and/or commodities fraud.
The FTC was making inroads to be more effective but sounds like that’s all going to be undone because idiots can’t get over “bIdEn-HaRrIs” or the “dEmOcRaTiC mAjOrItY’s AsSaUlT oN aMeRiCaN bUsInEsSeS“.
If you can’t leave politics out of law enforcement and regulation you shouldn’t be in law enforcement and regulation. Keep your personal politics to yourself and do your damn jobs.