companies @ BehindMLM

David Gilbert Saffron was initially indicted back in June 2022. He was charged with wire fraud, related to operation of the Circle Society Ponzi scheme. Saffron’s arrest did pop up on my radar but, as far as I could tell, Circle Society wasn’t MLM so BehindMLM didn’t cover it. A new sealed superseding indictment, filed [Continue reading…]

Jeremy Roma’s Daisy Ponzi scheme has collapsed again. In a December 11th marketing video, owner Jeremy Roma revealed Daisy was ditching EndoTech. A February 2024 reboot was also announced.

A local leader of the GIG-OS Ponzi scheme has been arrested in Argentina. Only identified as “FMV”, the scammer was arrested during a series of raids last Thursday.

Arrested MTI CEO Johannes Steynberg has been enjoying internet access from a Brazilian prison.

Last month ACN announced it would be disabling perks, aka “loyalty rewards”. The announcement, presented in the ACN backoffice, details the discontinuation of perks starting November 10th.

Indian authorities have arrested a second Bitsolives suspect. As reported by the Time of India, Prashant Brahmbhatt was arrested returning to India from Dubai on Wednesday, December 6th.

GSPartners’ latest ploy to disable investor accounts is KYC. Despite not caring about KYC since it launched in 2020, GSPartners has advised investors they have until December 15th to comply. Investors to who fail to provide GSPartners with photo ID and other personal documents, run the risk of their accounts being “temporarily suspended”.

Youngevity has had their securities revoked as part of a settlement reached with the SEC. This includes Youngevity’s shares, which previously traded under the ticker YGYI.

GSPartners has received a securities fraud cease and desist order from Mississippi. The December 6th order also applies to GSPartners’ owner Josip Heit, and local Mississippi promoter Richard L. Shoto.

Youngevity has ended its foray into 8 Minute Trader. In a communication sent out to members, Youngevity advised it had made the decision to close the 8 Minute Trader project, effective November 14, 2023.