companies @ BehindMLM

Twoand a half months after it canned its MLM opportunity and went wholesale, Dot Dot Smile has filed for bankruptcy. Dot Dot Smile initiated Chapter 11 proceedings in California on September 3rd.

The SEC has moved to serve three of Forsage’s four founders via alternative service. Vladimir “Lado” Okhotnikov, Lola Ferrari, Sergey Maslakov all reside overseas.

Twelve Defendants in the TelexFree class-action filed motions to dismiss the latest Fifth Amended Complaint. Five motions were granted and one was partially granted, leaving six Defendants fully on the hook.

Cheri Beth Bowen has settled a securities fraud lawsuit brought against her by the SEC. As alleged by the SEC, Bowen stole “at least” $303,000 through the Forsage Ponzi scheme.

TelexFree victims participating in the Trusteeship claims process are being targeted by scammers. On September 6th the US Bankruptcy Court for Massachusetts published the following order:

After signalling its intent to serve Johannes Steynberg through the Hague Convention last month, the CFTC has now asked for permission to effect alternate service. If granted, the CFTC will serve Steynberg via a Texas newspaper and the Supreme Court of Texas’ website.

The Success by Health Receiver’s Tenth report reveals the Receivership is insolvent As of July 31st, 2022, the SBH Receivership has $1.85 million in liabilities. The problem is there’s only $15,548 left in the bank.

FocuStar provides no information on its website about who owns or runs the company. FocuStar’s website domain (“focustar.io”), was privately registered on April 10th, 2022. If we look at the source-code of FocuStar’s website, we see it’s localized to Chinese: This strongly suggests whoever is behind FocuStar has ties to China. SimilarWeb currently tracks top [Continue reading…]

While BehindMLM has a whole section on LaCore Enterprises, we’ve never actually reviewed Lacore’s first launch; bHip Global. bHip Global operates in the nutritional supplement MLM niche. The company was founded in 2007 and is based out of Texas in the US. BehindMLM first came across Terry LaCore back in 2013, as part of our [Continue reading…]

Bitcoin Vault has received a securities fraud warning from the UK’s Financial Conduct Authority. As per the FCA’s August 26th Bitcoin Vault warning;