companies @ BehindMLM

$6.4 million seized from Lyoness by Polish prosecutors

Polish prosecutors have seized $6.4 million from Lyoness’ bank accounts. The accounts were held with ING Bank Slaski SA and contain a mix of euros and zloty (PLN).

David Pike pleads guilty to OneCoin fraud, $2 mill judgment

OneCoin money launderer David Pike has pled guilty to one count of bank fraud. As per a Consent Preliminary Order of Forfeiture, presented at Pike’s October 19th plea control hearing, he is also subject to a $2.09 million dollar judgment.

BloxTec holding funds hostage with advanced fee scam

BloxTec is informing affiliates they need to pay a fee if they want to withdraw. This is known as an “advanced fee” scam, where funds are held hostage unless additional fees are paid.

HyperFund under investigation in Germany for securities fraud

HyperFund is under regulatory investigation by Germany’s Federal Financial Supervisory Authority (BaFin). As per an announcement issued on October 19th, BaFin has categorized HyperFund as an “unauthorized business”.

New fake Ruja Ignatova video targets Chinese speakers

The OneLife Earth scammers have released a new DeepFakes Ruja Ignatova video, this time targeting Chinese speakers.

Mining City disables withdrawals, initiates KYC exit-scam

Mining City has disabled affiliate withdrawals. Starting October 16th, Mining City will only allow affiliates who’ve completed KYC to withdraw.

TriumphFX securities fraud warning issued in Singapore

TriumphFX has received a securities fraud warning from the Monetary Authority of Singapore (MAS).

CashFX Group securities fraud warning issued in Singapore

CashFX Group has received a securities fraud warning from the Monetary Authority of Singapore (MAS).

YEP lost $4.2 mill in 2020, now seeking $1 mill from public

When I first came across YEP soliciting a million in virtual shares, I pegged it as yet another MLM company engaged in securities fraud. Looking into it further however, it appears YEP are selling virtual shares legally. The problem is the numbers don’t add up. As far as I can tell it’s a terrible deal.

Solmax Global collapses, reboot promised by end of OCT

Solmax Global appears to have collapsed. Withdrawals are disabled, commissions aren’t being paid out and, as I understand it, new investment isn’t going through.