companies @ BehindMLM

Cryptex fraud warning from Germany

Cryptex has received a fraud warning from Germany’s Federal Financial Supervisory Authority (BaFin). As per BaFin’s July 4th Cryptex warning;


Andreas Kartrud sentenced to six years in prison

Serial fraudster Andreas Kartrud has been sentenced to six years in prison. Norwegian authorities arrested Kartrud in late 2024. Kartrud, who holds dual Norwegian and Swedish citizenship, was then promptly extradited to Sweden.


Alex Morton consents to Iyovia preliminary injunction

Former top Iyovia promoter Alex Morton has consented to a preliminary injunction. Morton, one of nine defendants sued by the FTC and State of Nevada in May, stands accused of misappropriating over $76 million through Iyovia (formerly iMarketsLive and IM Mastery Academy).


OmegaPro’s Mike Sims & Carlos Reynoso arrested

OmegaPro’s Michael Shannon Sims and Juan Carlos Reynoso have been arrested.


FBI seeking information from OmegaPro Ponzi victims

The FBI is seeking information from victims of the OmegaPro Ponzi scheme.


TSSB’s Billionico/Auratus fraud order dismissed

The Texas State Securities Board’s Billionico and Auratus emergency fraud order has been dismissed.


LSSC securities fraud warning from Canada (NB)

LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from the Financial and Consumer Services Commission of New Brunswick (FCNB). As per FCNB’s June 24th LSSC fraud warning;


LSSC securities fraud warning from Canada (AB)

LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from the Alberta Securities Commission (ASC). As per ASC’s June 19th LSSC fraud warning;


BNP Paribas USDT Review: Stolen identity “click a button” Ponzi

BNP Paribas USDT fails to provide ownership or executive information on its website. BNP Paribas’ website domain (“catousd.com”), was registered with bogus details on June 12th, 2025. Of note is BNP Paribas’ website domain being registered through the Chinese registrar Alibaba (Singapore). As always, if an MLM company is not openly upfront about who is [Continue reading…]


Dubai Holding USDT Review: Stolen identity “click a button” Ponzi

Dubai Holding USDT fails to provide ownership or executive information on its website. Dubai Holding USDT’s website domain (“q.f1inwlu.cyou”), was privately registered on January 27th, 2025. 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.