companies @ BehindMLM

BDSwiss has listed GSPartners’ shell company GSBDSwiss in a published abuse warning. BDSwiss warns that GSBDSwiss is a “scam company … that you should avoid”.

Following the collapse of its original Ponzi scheme, SolaRoad is rebooting the scam as Laniakea.

Richard Maike’s conviction appeal has been dismissed. The appeal was filed after a motion seeking an acquittal and new trial was denied last September.

When MLM companies committing fraud tout a debit card, it’s typically obtained through shell companies attached to dodgy merchants. Both GSPartners’ and PLC Ultima offered debit cards through PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC – all owned by Christopher James Scanlon. Scanlon was arrested by US authorities at [Continue reading…]

The Fintoch Ponzi scheme has collapsed. Withdrawals were disabled shortly after ~$31.6 million was reportedly withdrawn from an associated smart-contract.

SolaRoad has collapsed. The Ponzi scheme has disabled withdrawals and initiated a “hackers!” exit-scam.

The first of the arrested Generation Zoe defendants in Argentina has pled guilty. As reported by El Dario in Spanish on May 24th;

The SEC and EmpiresX have reached a $34.8 million settlement. The reached settlement consists of $32,178,397 in disgorgement and $2,661,554 in prejudgment interest.

On May 5th, a Texas District Court gave the CFTC a May 26th deadline to file for default judgment against Mirror Trading International (MTI). This prompted the CFTC to file a motion requesting the deadline be stayed on May 15th. In that filing, the CFTC revealed it had reached a settlement with MTI.

The CFTC has sued iComTech Ponzi scammers for commodities fraud. Name defendants in the CFTC’s May 24th filed Complaint are: