Armen Temurian is having trouble providing Vista Network trading proof.

Perhaps not surprising, given BehindMLM pegged Vista Network as a MLM crypto Ponzi back in 2017. This tracks with a CFTC investigation, which led to a $7 million fraud lawsuit.

Since the CFTC filed suit in 2023, there have been lengthy delays – mostly related to production and examination of discovery. Temurian (right), Vista Network’s owner, has also burned through three sets of lawyers.

Under threat of sanctions (currently held pending Temurian’s ongoing cooperation), this leads us production of discovery requested by the CFTC.

As per a Status Report filed by the CFTC on May 12th;

Since March 6, Defendant produced certain documents in response to Plaintiff’s Requests for Production (including documents and communications concerning other lawsuits).

Defendant also provided information concerning Vista-related websites, Vista customer inflows and outflows, and where materials that are responsive, but not yet produced, may be found. But responses to Plaintiff’s discovery requests remain incomplete.

Defendant has identified potentially responsive materials that he has not yet produced, such as materials located in two hard drives and certain data depositories.

More specifically, Defendant represented that he is working to find records of trading Vista customer funds and to produce records of Vista-related webpages.

During the meet-and-confers, Defendant also indicated difficulties in obtaining certain relevant records from a third-party service provider relating to Vista customer funds, and Plaintiff is working independently to seek such records.

The CFTC has asked the court to continue to hold its sanctions motion till July 14th. A Status Report will be filed on this date, the details of which I’ll cover in an update below.

 

Update 15th July 2025 – A Status Report was filed on July 14th. Temurian is still dragging his feet on discovery.

Since May 13, 2025, the parties have made progress in discovery, though Defendant Temurian’s responses to Plaintiff’s discovery requests remain incomplete.

Accordingly, Plaintiff respectfully requests that the Court continue to hold the motion for sanctions in abeyance and set a deadline of 60 days from now for another status report.

I’ll leave another update below when the court responds to the report.

 

Update 20th July 2025 – The court notes the CFTC has not filed a motion for sanctions. The next Status Report is due by September 12th.