companies @ BehindMLM

Marco A. Ruiz Ochoa has settled civil iComTech fraud charges with the CFTC. As per the terms of the settlement, Ochoa is

OakSmart has initiated an OAK USD Coin Ponzi exit-scam. OakSmart’s exit-scam was announced two days after BehindMLM reviewed OakSmart, and California’s DFPI issued an OakSmart securities fraud desist and refrain order.

The Swag Ponzi scheme has collapsed. Italian media are reporting Swag withdrawals have been disabled, affecting “almost 30,000” investors.

Glory Assurance fails to provide ownership or executive information on its website. Glory Assurance operates from two known website domains; gloryassurance.com (marketing) and hashkingdom.com (app). Both of Glory Assurance’s website domains were privately registered on February 2nd, 2024. If we look at the source-code of both of Glory Assurance’s websites we find Chinese: This suggests [Continue reading…]

Visalus, owned by Texas-based LaCore Enterprises, has filed for Chapter 11 bankruptcy. As per the filing, signed by Niklas Sarnicola, Visalus owes “less than $3,024,725” to “more than 100,000 creditors”.

Blue Electric Technology Limited, aka BETL, has collapsed. The “click a button” app Ponzi heavily targeted Bulgarians, reportedly resulting in thousands of investors losing millions of dollars. BETL’s “click a button” ruse was portable phone chargers.

Disgraced MLM veteran Holton Buggs is shamelessly challenging the CFTC’s request for a Traders Domain preliminary injunction. Buggs, who is alleged to have misappropriated millions of dollars through Traders Domain, is the only defendant challenging proceedings.

EVChargezus fails to provide ownership or executive information on its website. EVChargezus’ website domain (“evchargezus.com”), was privately registered on November 13th, 2024. If we look at EVChargezus’ website source-code, we find Chinese: This suggests whoever is running EVChargezus has ties to China. EVChargezus has already attracted the attention of financial regulators. The Central Bank of [Continue reading…]

OakSmart has received a securities fraud desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s December 2nd issued order;

Marcus Todd Brisco, a resident of Hawaii has settled SAEG fraud charges with the CFTC. SAEG was a Ponzi scheme tied to The Traders Domain, through which a number of MLM Ponzi schemes, among them OmegaPro, are believed to have been funneled into. Brisco, working with co-defendant Michael Shannon Sims, helped launder SAEG invested funds [Continue reading…]