OmegaPro @ BehindMLM

Disgraced MLM veteran Holton Buggs is shamelessly challenging the CFTC’s request for a Traders Domain preliminary injunction. Buggs, who is alleged to have misappropriated millions of dollars through Traders Domain, is the only defendant challenging proceedings.

Marcus Todd Brisco, a resident of Hawaii has settled SAEG fraud charges with the CFTC. SAEG was a Ponzi scheme tied to The Traders Domain, through which a number of MLM Ponzi schemes, among them OmegaPro, are believed to have been funneled into. Brisco, working with co-defendant Michael Shannon Sims, helped launder SAEG invested funds [Continue reading…]

The CFTC has been given permission to serve several The Traders Domain defendants via alternate service.

The CFTC is reaching out directly to victims of The Traders Domain Ponzi scheme. The federal regulator published a “confidential customer survey” on November 14th, which it claims will “provide [the] CFTC with pertinent information on this case.”

Holton Buggs has filed motions seeking dismissal of the case against him and dissolvement of a court-appointed Receiver.

Several The Traders Domain scammers have consented to preliminary injunctions. Between October 22nd and 25th, the CFTC filed preliminary injunction consent orders pertaining to:

Marcus Brisco has settled with the SAEG Ponzi Receiver for $400,000. The CFTC filed suit against Brisco in January 2023 over his participation in the collapsed SAEG Ponzi scheme. As part of the CFTC’s lawsuit, a Receiver was appointed to “recover assets for the benefit of [SAEG] victims”. On October 7th, a settlement between Brisco [Continue reading…]

US authorities have finally taken action against The Traders Domain Ponzi scammers. On September 30th the CFTC filed suit against Traders Domain FX LTD and several additional corporate and individual defendants. While The Traders Domain itself wasn’t an MLM opportunity, the scam is of interest to BehindMLM due to several MLM Ponzis feeding into it. [Continue reading…]

When news of OmegaPro co-founder Andreas Szakacs’ arrest broke in August, Abdul Ghaffar Mohaghegh was credited with tipping off Turkish authorities. The investigation leading to Szakacs’s arrest began with a tip-off on June 28, when an anonymous informant reported to the Istanbul Provincial Gendarmerie Command that Avcı was residing at a location in Acarkent, Istanbul, under [Continue reading…]

Francisco Story has settled SAEG Ponzi charges with the CFTC for $125,000. The CFTC filed suit against Story in January 2023 over his participation in the collapsed SAEG Ponzi scheme.