companies @ BehindMLM

Valentus founder and CEO Dave Jordan has sold the company to Paul Pearson. How much Pearson bought Valentus for has not been disclosed. When exactly the sale took place is unclear but top distributors were informed at Valentus’ Sioux Falls headquarters earlier this month.

On or around February 11th, Vasayo informed its distributors is was shutting down its MLM opportunity. The announcement was made via a Zoom webinar, which I’ve unfortunately not been able to find a copy of. Nonetheless following a tip off from a BehindMLM reader, here’s what I’ve been able to suss out.

A source has provided insight into APLGO’s current business operations. The company is reported to be behind in commissions for over a year, as well as being behind on inventory payments in “most markets”.

The Mayo Trade Ponzi scheme has collapsed. Last week Mayo Trade’s website was updated to reveal “MT 2.0”: The primary change is withdrawals have been disabled for 90 days.

WeWe Global’s hopes of pitching its Ponzi scheme across Australia and New Zealand throughout February hasn’t gone to plan. The so-called “Oceania Tour” was met with a hostile reception from New Zealand’s Financial Markets Authority, who issued a Ponzi and pyramid fraud warning on February 8th.

Following on from Batched disabling withdrawals towards the end of 2022, founder and CEO Oscar Garcia held a webinar on February 10th. Speaking to around 150 investors, Garcia laid out what he claims happened in the lead up to Batched’s collapse.

EminiFX founder Eddy Alexandre has pled guilty to one count of commodities fraud. Alexandre’s guilty plea includes $248.8 million forfeiture judgment.

A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz.

On January 27th OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum. The filing was heavily redacted, prompting Inner City Press’ Matthew Lee to file a motion requesting access to an unredacted version. At the request of the court, on February 10th Armenta’s attorneys clarified their position on the redactions. Recognizing that Mr. Armenta’s cooperation [Continue reading…]

Holton Buggs’ Meta Bounty Hunters Ponzi scheme has collapsed. Behindmlm reader Daz predicted Meta Bounty Hunters would soon experience withdrawal problems last October. This was based on Meta Bounty Hunters commingling investor funds with The Traders Domain, a Ponzis scheme that collapsed towards the end of 2022.