MBI International @ BehindMLM

Amid an ongoing investigation by Malaysian authorities that saw raids conducted on MBI malls earlier this month, now news that a “top official” has been arrested. Malaysian authorities haven’t identified the arrested individual. From the sounds of it though, there’s little doubt they’ve nabbed MBI International founder Teddy Teow.

Following the Central Bank of Malaysia adding MBI International to their national alert list earlier this month, over the last few days police have conducted raids and seized millions of dollars.

Nine years after it launched in 2009, Malaysia’s top financial regulator has finally taken action against MBI International. Bank Negara Malaysia is pretty much Malaysia’s SEC equivalent and regulates the country’s financial sector. On May 22nd, the bank added MBI International and M Face International to its consumer alert list.

This one slipped through the cracks and was only recently brought to our attention by BehindMLM reader “TS”. Turns out back in August a number of MBI International scammers were arrested in Taiwan. The following is a run down in English, from a third-party translation and that of Kasey Chang.

Before we get started, I have to clarify that MBI International the MLM opportunity do not operate from “mbiinternational.com”. This appears to be an unrelated entity. MBI International the MLM opportunity operate from “mbiv2u.com” and are the subject of this review. MBI International launched in 2009 and is headed up by Tedy Teow (right). As per Teow’s MBI [Continue reading…]