companies @ BehindMLM

An Arizona court has ruled Success by Health was a pyramid scheme. Having now considered the disputed evidence in its capacity as finder of fact, the Court concludes that the FTC should also prevail on its pyramid scheme claim as to SBH. The decision marks the first significant MLM related win for the FTC since [Continue reading…]

A third individual has been charged in connection to the “Mike G Deal” investment scheme. Bryan Lee was indicted under seal on May 15th. Sometime between May 16th and May 19th Lee was arrested, leading to the unsealing of the indictment on May 18th.

Rain International and Christina Rahm Cook have settled a lawsuit pertaining to Cook’s claimed credentials. As part of the settlement, Cook’s counterclaims against Rain have also been settled.

As part of a massive 131 judgment, the Arizona court hearing the FTC’s case has held the Success by Health Defendants liable of evidence spoliation.

Poly Film fails to provide ownership or executive information on its website. Poly Film’s website domain (“awesf3sx.com”) was privately registered on April 2nd, 2023. In its website terms and conditions, Poly represents it is incorporated in Singapore as “PT Poly Singapore.” This is likely a shell company, with Poly having no actual corporate ties to [Continue reading…]

GSPartners has rebranded as Swiss Valorem Bank. The move follows several GSPartners related securities fraud warnings from financial regulators.

The Arizona Corporation Commission is looking to file a securities fraud cease and desist against We Sell Miners LLC and owner Jeremie Sowerby. The ACC’s Securities Division claims We Sell Miners LLC and Sowerby have violated Arizona’s Securities Act.

My BlockX has received a securities fraud warning from the Ontario Securities Commission (OSC). As per the OSC’s May 17th warning;

A new report from a court-appointed Monitor suggests Financial Education Services’ compliance efforts are heading in the right direction. The FES Monitor filed his first report last November. In the report, which focused heavily on FES’ ongoing compliance efforts, the Monitor claimed “more can be done”. In a second report filed on April 27th, the [Continue reading…]

Fyndiq2 fails to provide ownership or executive information on its website. Fyndiq2’s website domain (“fyndiq2.com”), was privately registered on April 24th, 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.