companies @ BehindMLM

Innov8tive Nutrition has filed for Chapter 11 bankruptcy. In a January 31st petition filing Innov8tive Nutrition disclosed it had between $100,001 to $500,000 in assets but also the same range in liabilities.

Axi fails to provide ownership or executive information on its website. Axi’s website domain (“m.bsxiikax.com”), was privately registered on October 18th, 2024. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Sebastian Greenwood and Mark Scott have lost their respective OneCoin criminal sentencing appeals.

Two OmegaPro victims have received partially suspended prison sentences in France.

Mavie Global’s FinUp spinoff has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). As per the CNMV’s January 13th FinUp warning;

Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). A per the CNMV’s January 13th, 2025 warning;

Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator. In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC. As per Bafin’s January 22nd, 2025 warning;

Skainet Systems’ drawn out collapse continues. Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment. As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance.

Indian authorities have made five arrests in connection to the Torres MLM Ponzi scheme. Torres was a jewelry themed MLM crypto Ponzi targeting Indians. The scam appears to have collapsed in the lead up to Christmas 2024. Torres’ Ponzi ruse was sham jewelry stores set up in India tied to Ukrainian scammers.

Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million.