companies @ BehindMLM

Between the SEC suing it for securities fraud and Indian authorities arresting money launderers, iX Global’s original forex and crypto mining ruses are dead. In an effort to continue violating US federal securities law, iX Global has announced a new NFT “rewards” grift.

In light of date errors made in presenting its case, the SEC has opted to voluntarily dismiss securities fraud proceedings against iX Global and Debt Box. The revelation was made in a January 30th surreply filing, made in response to why the SEC shouldn’t be sanctioned.

Criminal charges were filed against HyperFund Ponzi promoter Brenda Indah Chunga on January 9th, 2024. The previous month, Chunga, aka Bitcoin Beautee, signed a plea deal with the DOJ on December 17th. Chunga has been charged with conspiracy to commit securities and wire fraud. This is acknowledged and accepted as fact in Chunga’s plea agreement.

Following unsealing of Rodney Burton’s HyperFund criminal case, details of his arrest have been made public. While we knew Burton was arrested in Florida on January 4th, what we didn’t know is Burton was arrested at the airport… with a one-way ticket to Dubai.

Joseph Cammarata has had Final Judgment entered against him in his SEC case. As per the January 23rd order, the former Investview CEO is up for $50.4 million in disgorgement.

Tradixis has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s January 29th warning, Tradixis exhibits “signs of a financial pyramid”.

HyperFund co-founder Sam Lee and promoter Brenda Indah Chunga have been charged by the SEC. The SEC cites HyperFund as a ~$1.7 billion dollar Ponzi scheme. This tracks with BehindMLM’s HyperFund review, published back in 2021.

TranzactCard has allegedly been breached. As per a January 28th post on BreachForums, a new user going by “Aleksey_Petrov” is selling 48,000 credit card numbers submitted to TranzactCard.

HyperFund co-founder Sam Lee and promoters Rodney Burton and Brenda Chunga have been indicted. Lee, aka Xue Lee and Samuel Lee, has been charged with conspiracy to commit securities fraud and wire fraud. Burton has been charged with conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business. Chunga, who [Continue reading…]

Mirror Trading International net-winners have been issued summons in South Africa. The summons are part of liquidator’s efforts to claw back money paid to MTI’s top earners.