companies @ BehindMLM

Forsage scammers Samuel D. Ellis and Sarah Theissen have settled fraud allegations made against them. The allegations were made in a lawsuit filed by the SEC, alleging Forsage was a $300 million Ponzi scheme.

NovaTech FX has received a securities fraud warning from the Central Bank of Russia.

Back in late March we learned several IM Mastery affiliates had been arrested in Spain. At the time names of suspects were not released. At the time “Awaken Dreamers” was the top Spanish IM Mastery Academy downline. A follow up report from El Pais confirms Awaken Dreamers leaders were among those arrested.

FVP Trade has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ warning;

EvoRich founder Andrew Khovratov was arrested in Russia back in April. Shortly after, Bob Ultee stepped in as the saviour of the Ponzi scheme. Across April and early May, this saw investors funnelled into Ultee’s bobcoin scheme. In mid May a possibly intoxicated Ultee smashed his allegedly speeding lambo into the back of a Peugeot [Continue reading…]

BehindMLM last checked in on Dubli back in 2019. Following tens of millions in losses over the years, five out of parent company Ominto’s board members resigned in mid 2018. A year later it was revealed the SEC had been investigating the company for securities fraud. Ominto settled the allegations. Dubli founder Michael Hansen stayed [Continue reading…]

On August 1st the SEC filed civil fraud charges against Forsage co-founder Vladimir “Lado” Okhotnikov. The regulator alleges Forsage is a $300 million dollar Ponzi scheme. That same day Okhotnikov doubled down and held a webinar titled, “Burning Question to Meta Force Founder”. You’d be wrong if you thought addressing the SEC’s lawsuit was a [Continue reading…]

Meta Force has received a fraud warning from the Central Bank of Russia.

David Wayne Mayer is co-founder of Silver Star Live. The CFTC sued Mayer, who also goes by the pseudonym “Quicksilver”, for forex fraud in 2020. On July 27th 2021, the CFTC was granted a $5 million default judgment against Mayer. The judgment also saw Mayer (right), subject to a permanent injunction that prohibits him from [Continue reading…]

Joshua Nicholas’ EmpiresX criminal trial is currently scheduled for August 15th. That’s not a typo, the trial is ten days away. Whether it actually goes ahead though is now up in the air, following an August 2nd motion to continue.