companies @ BehindMLM

OnPassive owner Ash Mufareh has settled fraud charges with the SEC for $32 million.

Alliance in Motion has been ordered to cease business operations by the Vanuatu Financial Intelligence Unit (VFIU). VFIU commenced an investigation into Alliance in Motion (aka AIM Global), following a marketing event held at the Ramada Resort on August 5th.

Michael Shannon Sims, a defendant in the CFTC’s The Traders Domain Ponzi case, has been accused of mortgage shenanigans, hiding luxury watches and failing to disclose requested financial information. On July 28th, the Traders Domain Receiver filed a motion requesting Sims be ordered to show cause over multiple injunction violations.

Iyovia defendants Jason Brown, Matthew Rosa and their company Global Dynasty Network, have settled fraud allegations brought by the FTC and State of Nevada for $36 million.

Following on from myWorld filing for bankruptcy in 2023 and being declared insolvent earlier this week, Lyconet has now also been declared insolvent.

A Carter-Ruck partner solicitor has been recommended for prosecution over OneCoin legal threats. The UK’s Solicitors Regulation Authority (SRA) recommended Claire Frances Gill for prosecution on March 21st, 2025. As noted by Dan Neidle, founder of Tax Policy Associated, Carter-Ruck attempted to prevent Gill’s prosecution recommendation from being made public. This failed, resulting Gill’s prosecution [Continue reading…]

Following myWorld filing for bankruptcy and reports it was drowning in $110 million in debt in 2023, myWorld has been declared insolvent in Europe.

The head of myWorld Spain has been arrested on pyramid fraud charges. Spain’s National Police confirmed the arrest in a July 31st press-release.

Pruvit and CEO Brian Underwood have been sued for sex discrimination and assault. Plaintiff Clarissa Jones filed suit against Pruvit and Underwood on July 14th in Jefferson Circuit Court, Kentucky.

As per a July 31st order, the Texas State Securities Board has opted to set aside its Apertum Foundation emergency order. The order, issued on March 20th, pertains to ongoing alleged securities fraud. In addition to Apertum Foundation, TSSB’s order named Josip Heit, Dirc Zahlmann, Bruce Innes Wylde Hughes and Dennis Christopher Loos as respondents.