companies @ BehindMLM

iX Global, its CEO and several promoters have been sued for securities fraud by the SEC. Between iX Global and its Debt Box ruse, the SEC’s July 26th filed Complaint names eighteen defendants.

Verse Network has received a securities fraud warning from Russia. As per the Central Bank of Russia’s August 2nd warning, Verse Network exhibits

E-Creator was a typical “click a button” Ponzi targeting Zimbabwe. Run through a mobile app, E-Creator’s ruse was “clicking a button” to create fake product orders. Remarkably, after E-Creator collapsed Zimbabwean authorities were able to make an arrest. A Chinese national and two local accomplices were caught at the airport trying to flee the country.

KZ1 has been sold to Kannaway for $5 million. Kannaway’s parent company Medical Marijuana revealed the acquisition in an August 1st press-release.

Xaindex has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s August 1st warning, Xaindex exhibits “signs of a financial pyramid”.

PeradoxPro fails to provide ownership or executive information on its website. PeradoxPro’s website domain (“peradoxpro.com”), was privately registered on March 1st, 2023. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Plexus has settled allegations of mail fraud for $600,000. As per a civil case brought by the DOJ, Plexus

FFST Group fails to provide ownership or executive information on its website. FFST Group’s website domain (“ffst.com”), was first registered in 2003. The private registration was last updated on May 30th, which is around the time current owners bought it. If we look at FFST Group’s website source-code, we find a reference to the Chinese [Continue reading…]

Terrence Pound’s Keep It 100 Ponzi scheme has collapsed. Following a July 27th webinar in which Pounds claimed Keep It 100 investment had dropped from ~$100,000 to $~5000 a day, Keep It 100’s website went offline. Visits to Keep It 100’s website now reveal an unscheduled maintenance message:

Redwood Scientific Technologies concealer Jacques Poujade has pled guilty to “fraudulently obtaining more than $5.2 million”.