CFTC’s EminiFX fraud case stayed pending crim proceedings
The DOJ has secured a stay of the CFTC’s civil EminiFX fraud proceedings.
companies @ BehindMLM
Eco and Greenchoyce relaunches Ponzi, now targeting PH
The GreenChoyce Ponzi scheme has collapsed again. The former Crowd1 Ponzi scammers behind the scam have rebooted as Eco and Greenchoyce, this time targeting the Philippines.
WorldOTC collapses, pulls “regulators!” exit-scam
The WorldOTC “click a button” app Ponzi has collapsed. WorldOTC withdrawals have been disabled, and an a “regulators!” exit-scam has been deployed.
NewAge files for Chapter 11 bankruptcy (Ariix & China)
NewAge filed for Chapter 11 bankruptcy on August 30th. The filing affects subsidiary MLM companies Noni by NewAge and Ariix.
QNet pyramid scheme fraud warning from Bhutan
QNet has received a pyramid scheme fraud warning from Bhutan. As per the Office of Consumer Protection’s August 26th warning;
Lyoness’ accounts frozen in South Africa, Ponzi lawsuit
Two civilians have managed to get Lyoness’ bank accounts in South Africa frozen. As reported by MoneyWeb on September 1st;
Zenith patent mess deepens after Vietal Nutrition steps in
Zenith formulator Vietal Nutrition has provided Awakend with a prepared statement explaining the origins of the supplement. The move follows Awakend failing to be transparent about the origins of Zenith supplement, leading to ongoing uncertainty.
Mag Markets collapses, wipes accounts for reboot
The Mag Markets Ponzi scheme has collapsed. On August 28th Mag Markets Support informed investors it was wiping their accounts. A reboot was also revealed.
MetaForce collapses, funds “frozen” while Okhotnikov stalls
MetaForce, Vladimir “Lado” Okhotnikov’s latest Forsage reboot, has collapsed. Investor funds are “frozen” and Okhotnikov is stalling for time.
Certificate of default entered against John & JonAtina Barksdale
The SEC has secured Certificate of Default against John and Jonatina Barksdale. Following personal service on John Barksdale on June 20th and service via email on Jonatina on June 30th, response deadlines kicked in for July 11th and July 21st respectively.
