companies @ BehindMLM

AutoTrade Gold founder Wahyu Kenzo (aka Dinar Wahyu Saptian Dyfrig), has been sentenced to ten years in prison. Kenzo was also fined Rp. 10 billion (~640,000 USD). Kenzo and two accomplices were arrested in early 2023. Indonesian authorities charged the scammers over operation of AutoTrade Gold, an alleged was a $582 million Ponzi scheme.

Eagle Bit Trade was an MLM crypto Ponzi scheme launched in 2018. Run by Brazilian national Edson Junior Amaral, Eagle Bit Trade was the usual “crypto trading bot” ruse. After Italy issued an Eagle Bit Trade securities fraud warning in November 2018, the Ponzi scheme went on to collapse shortly thereafter. Now, five years later, [Continue reading…]

MLM Ponzi scammer Ryan Ginster appears to have killed himself in prison. Following a guilty plea entered in December 2022, Ginster, 36, was sentenced to 27 months in prison. In parallel civil proceedings, the SEC sued Ginster in late 2021. The federal regulator alleged that, through his My Micro Profits and Social Profimatic Ponzi schemes, [Continue reading…]

Although they were ordered unsealed last week, details of criminal charges against Alex Dee and Brian Kaplan remain under seal. Jerry Maurer’s case has been unsealed though, and through it we gain insight into the 8 Figure Dream Lifestyle criminal case. There’s also reference to a fourth “co-conspirator”, suggesting four 8 Figure Dream Lifestyle arrests [Continue reading…]

What was left of the original RICO class-action over Donald Trump’s promotion of ACN has been dismissed.

The Austrian Supreme Court has ruled that Lyoness’ affiliate contract and compensation plan are illegal. The decision follows legal action taken by the Austrian Association for Consumer Information (VKI). In Austria’s lower courts, VKI argued 47 contractual clauses that were part of Lyconet agreements and so-called Lyconet compensation plans … (lacked) transparent regulations and … [Continue reading…]

Some top earners at least pretend to be remorseful about the millions they stole through OneCoin. Then there’s Kari Wahlroos, who in an upcoming documentary tells OneCoin victims to “kiss my ass”. Wahlroos, a Finnish national who describes himself as “one of the grandmaster orchestrators” of OneCoin, is set to feature in “OneCoin – The [Continue reading…]

The EchoOne Ponzi scheme has collapsed. EchoOne initiated its exit-scam on Saturday, December 23rd. The ruse of choice was a “transition to litecoin”.

The LGreen Ponzi scheme has collapsed. Problems began roughly five weeks ago with withdrawals delays. These culminated in LGreen’s website being pulled offline over the weekend.

JUFB fails to provide ownership or executive information on its website. JUFB’s website domain (“jufb.top”), was first registered in July 2006. The private registration was last updated on October 26th, 2023 through a Chinese registrar. Note that this is around the time the current owners took possession of the domain. If we click through to [Continue reading…]