companies @ BehindMLM

Mining City has received a securities fraud warning from Cyprus. Mining City was one of eleven fraudulent investment schemes cited in a February 22nd warning from the Cyprus Securities and Exchange Commission (CySEC).

Konstantin Ignatov has received time served for his role in OneCoin. As reported by Matt Lee of Inner City Press, Ignatov will also be subject to two years supervised release and $118,000 in forfeiture.

LegacyX, the second reboot of the collapsed Trust Your Universe Ponzi scheme, is under investigation in Germany.

The HyperTech Group series of Ponzi schemes have received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). HyperTech Group related Ponzi schemes cited by ASIC in their March 1st warnings include:

Serial Ponzi scammer Edward Zimbardi (aka Ed Zimbardi), has been arrested in the Netherlands. As first spotted by Brandon @ Ponzi Patrol, WSB-TV Atlanta reports Zimbardi “has been arrested and charged with money laundering overseas.”

The Anonymous Trading Ponzi scheme has collapsed. Following reports of non-payment dating back to August 2023, Anonymous Trading is understood to have initiated its collapse through an “anonycoin” shitcoin. That ruse has played out, with Anonymous Trading advising it is shutting down as per an “investigation” exit-scam.

Ali Saleh has screwed over the attorney representing him in his Eaconomy case. On February 5th Saleh’s attorney filed a motion requesting permission to withdraw. The court granted the motion on February 21st.

Durex VIP fails to provide ownership or executive information on its website. Durex VIP’s website domain (“durexvip.cc”), was registered with bogus details on February 22nd, 2024. Of note is Durex VIP’s domain being registered through Chinese registrar Alibaba (Singapore). As always, if an MLM company is not openly upfront about who is running or owns [Continue reading…]

Deana Lozano has voluntarily dismissed her case against Pruvit. Lozano filed suit against Pruvit in June 2023. In her suit Lozano alleged Pruvit claimed its products contain “no artificial flavors”, but in fact used petrochemical derived flavoring.

BitClub Network scammer Joby Weeks has had his bail conditions downgraded back to home incarceration. A February 22nd petition filed by a Pretrial Services Officer requested the change, pending an also requested bail review hearing.