companies @ BehindMLM

A Karatbars scammer wants to be Wilmington’s treasurer

Wilmington city councilman Vash Turner is running for treasurer. His involvement in the Karatbars Ponzi scheme has raised questions among his constituents.

Neora’s “bad faith” FTC lawsuit dismissed

Neora’s “we want to legalize pyramid schemes” lawsuit against the FTC has been dismissed.

Avacen denied NuLife Ventures restraining order

Avacen has been denied a requested TRO against NuLife Ventures. The ruling means that, at least for the foreseeable future, NuLife Ventures will retain exclusive rights to market Avacen’s products.

$31.9 million 8 Figure Dream Lifestyle settlement reached

Rather than clear their names at trial, the 8 Figure Dream Lifestyle defendants have settled with the FTC. As per the proposed settlement, John A. Bain, Alex Dee (aka Alex S. Dowlatshahi), Brian M. Kaplan and Jerrold S. Maurer will cop a $31.9 million judgment. The proposed settlement also applies to corporate defendants 8 Figure [Continue reading…]

What’s going on at Uforia Science? (new company???)

Uforia Science launched in late 2018. The company is part of LaCore Enterprises and is essentially a reboot of Foru International. Following a failed merger between Uforia Science and MaVie earlier this year, things appear to have further deteriorated.

Paraiba World securities fraud notice issued in Germany

Paraiba World has received a securities fraud notice from the German regulator BaFin. As per BaFin’s investigation earlier this year, Paraiba World operated through Paraiba World and NeoMoc Global LTD.

Joe Abel pleads guilty to BitClub Network securities fraud

Joseph Frank Abel, better known as Joe, is one of the scammers behind the BitClub Network Ponzi scheme. Late last year, Abel and four co-conspirators were indicted on fraud charges. Following his arrest, earlier this year Abel initially pled not guilty. As revealed in a September 3rd DOJ press-release, Abel has now entered a guilty [Continue reading…]

BitConnect scammer John Bigatton receives securities ban

John Bigatton, former Bitconnect Australian National Representative, is the subject of an ongoing investigation by the Australian Securities and Investments Commission (ASIC). As part of ASIC’s investigation, Bigatton has been slapped with a seven year financial services ban.

Freebay Review: Karatbars’ V999 Ponzi token reboot

Freebay was founded in June 2020 and is a marketing reboot of Karatbars International. Rather than just be honest about it however, Karatbars has opted to present Freebay as a “partnership”. A lack of transparency leaves Karatbars’ owner Harald Seiz’s stake in Freebay unclear. If I had to guess Seiz, with possibly one or more [Continue reading…]

Cellements temporarily closes, blames Naxum software

Late last week Cellements announced it would be temporarily closing. In a message posted on their website, the Cellements advised it was forced to temporarily shut down all business related activities due to our new software provider, Naxum, not being able to live up to their promise and deliver a functional platform. Naxum claims “there [Continue reading…]