companies @ BehindMLM

GoArbit has received a securities fraud alert from Argentina’s Comision Nacional de Valores. As per the CNV’s February 15th alert;

Following on from Oscar Garcia blaming Frank DiCrisi for Batched’s collapse, in a recent legal filing Garcia claims tens of millions of dollars has been was also laundered.

Following Daxio’s collapse, owner Frode Jorgensen has fled Thailand. In a recent update sent out to his victims, Jorgensen also claims hired hitmen are after him.

Vista Network and owner operator Armen Temurian have been sued by the CFTC for commodities fraud. The CFTC alleges, among other things, that Vista Network was a $7 million dollar plus Ponzi scheme.

Sixty QNet scammers have been arrested in Ghana. Authorities claim the scammers continued to promote QNet, in violation of a July 2022 court order banning the pyramid scheme nationally.

Tiber River announced it was abandoning its MLM business model last month. Tiber River distributors were still able to generate sales throughout January, with final commission checks going out this month. On February 14th Tiber River told distributors it was screwing them out of their final commissions.

Gilbert Armenta’s OneCoin crimes called for a 100 year sentencing guideline. In the lead up to his sentencing, Armenta’s lawyers asked for time served due to the conditions at MCC New York. The DOJ asked for seven years, stating that “any sentence of less than five years’ imprisonment would not (be appropriate).” Following a “lengthy [Continue reading…]

Validus and its promoters have been ordered to cease all business operations in New Zealand. The Financial Markets Authority’s interim stop order was issued on February 16th.

Scammers behind Cancri Jewelry are trying to reboot the collapsed Ponzi scheme. Cancri Jewelry is an eastern European Ponzi scheme. The original Ponzi ruse was a jewelry storefront in Turkey.

The Energy Spas Ponzi scheme has collapsed. Sometime in the last 24 hours Energy Spa’s website has been pulled offline. The scam’s social media profiles have also been deleted.