companies @ BehindMLM

Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). A per the CNMV’s January 13th, 2025 warning;

Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator. In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC. As per Bafin’s January 22nd, 2025 warning;

Skainet Systems’ drawn out collapse continues. Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment. As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance.

Indian authorities have made five arrests in connection to the Torres MLM Ponzi scheme. Torres was a jewelry themed MLM crypto Ponzi targeting Indians. The scam appears to have collapsed in the lead up to Christmas 2024. Torres’ Ponzi ruse was sham jewelry stores set up in India tied to Ukrainian scammers.

Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million.

Former Monat President Stuart MacMillan and owners Luis and Rayner Urdaneta have settled the legal dispute against them. As per a January 27th filed Joint Stipulation;

DAO1 has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA).

South African authorities have recovered R475,000 from Chinese “click a button” app Ponzi scammers (~$25,640 USD).

AI-OPSAi fails to provide ownership or executive information on its website. AI-OPSAi’s website domain (“ai-opsai.com”), was registered with bogus details on December 7th, 2024. Of note is AI-OPSAi’s website domain being registered through the Chinese registrar Alibaba (Singapore). As always, if an MLM company is not openly upfront about who is running or owns it, [Continue reading…]

Jason Cardiff has disobeyed court orders instructing him to return to the US by January 19th. In the lead up to Cardiff’s potential fugitive status, the DOJ executed a previously filed extradition warrant.