companies @ BehindMLM

Emerson Pires, Flavio Goncalves and Joshua David Nicholas, have each been indicted on EmpiresX fraud charges. Pires and Goncalves co-founded the EmpiresX Ponzi scheme. Joshua Nicholas worked with them to create the illusion of trading.

The Commodity Futures Trading Commission has sued EmpiresX and its executives for “at least $41.6 million” in fraud. The CFTC’s lawsuit was filed in parallel with an SEC civil fraud lawsuit pertaining to the same conduct.

EmpiresX and its executives have been sued by the SEC for $40 million in securities fraud. In addition to being fraudulent, Defendants’ offers and sales of EmpiresX securities violated the registration provisions of the federal securities laws. The SEC brings this lawsuit to hold Defendants responsible for their fraud The SEC’s lawsuit was filed on [Continue reading…]

Paraiba World affiliate investors who try to withdraw are reporting non-payment. The Paraiba World Ponzi scheme is now approximately three weeks behind in withdrawal payments.

A group of Plaintiffs have filed a securities fraud lawsuit against Liyeplimal and associated scammers in the US. The parties list is so long it spans three pages. Plaintiffs also managed to rip off BehindMLM without citation.

Mirror Trading International CEO Johan Steynberg has been sued by the CFTC. According to the regulator, Mirror Trading International was a $1.7 billion dollar Ponzi scheme.

The FBI has added OneCoin founder Ruja Ignatova to their top ten most wanted list. US authorities have put up a $100,000 reward “for information leading to (her) arrest”.

The Klay Group “click a button” app Ponzi scheme has collapsed. Following three days of withdrawal delays, as of a few days ago Klay Group’s website has been pulled offline. Klay Group is your typical “click a button” app Ponzi, this time targeting Hungary.

The SEC has secured a preliminary injunction against Mining Capital Coin. The granted injunction also applies to individual defendants Luiz Carlos Capuci and Emerson Sousa Pires.

As per a Joint Notice filed on June 2nd, the SEC and defendant Eric J. Dalius will return to mediation. With the Saivian fraud trial scheduled for September 2022, this would appear to be the last change for Dalius to settle and avoid potentially harsher penalties in court.