companies @ BehindMLM

Frank Schneider is believed to have been indicted in the US on, among other things, money laundering charges. Currently awaiting a decision on his extradition to the US, Schneider also just admitted to money laundering for OneCoin.

Decentra has received a securities fraud warning from the Philippines. As per the SEC’s June 14th warning; DECENTRA and its representatives, agents and individuals and groups of individuals acting on its behalf have been found to be offering unregistered securities to the public without the necessary authority or license issued by the Commission. The SEC [Continue reading…]

Coenie Botha’s latest legal grift in Namibia has seen him claim running his Ponzi scheme costs $62,150 a month. This is based on a March carve-out, which saw the Bank of Namibia required to unfreeze enough for CBI Global to meet its “day-to-day operations”. CBI Global is a collapsed MLM crypto Ponzi scheme run by [Continue reading…]

The PerRank Ponzi scheme is demanding more money from its investors. Withdrawals have been disabled and those who don’t hand over funds will be terminated.

COTP Ponzi victims are being targeted with a reload Ponzi. COTP Safer Miner has popped up on the domain “cotp.finance”. The domain was privately registered on May 24th, 2022. COTP Safe Miner appears to have launched on or around June 9th.

Back in April Karatbars International affiliates reported receipt of an email from AcuaWellington. AcuaWellington represented they’d “taken over all receivables and liabilities of the Karatbars group of companies”. Further research reveals Acua Wellington is in all likelihood a recovery scam. But not your typical recovery scam.

Emile Parfait Simb, owner of the Liyeplimal Ponzi scheme, was arrested in Cameroon last month. Cameroonian authorities apprehended Simb as he attempted to board a plane bound for Morocco. Despite being charged with “serious fraud”, Simb was released on condition he hand over his passport. Upon being released, Simb and his family promptly fled Cameroon. [Continue reading…]

The USFIA Receivership and IRS have reached a settlement regarding tax claims held by the IRS. Pending court approval, this paves the way for USFIA victim distribution payments to go out.

ZetBull has received a securities fraud warning from the UK’s Financial Conduct Authority.

LaCore Enterprises has merged its Perfectly Posh and Innov8ive Nutrition MLM companies. As per a recent communication sent out to distributors, Perfectly Posh’s “Home Office” advised;