companies @ BehindMLM

Following news of a settlement between Nutra Pharma Corp defendants and the SEC in April, details of two settlements have now been made public. As part of a final judgment in favor of the SEC;

Following two distributions of recovered funds to victims, the USFIA Receiver has requested court permission to destroy records and close the Receivership.

Anna Morgenstern, wife of FutureNet co-founder Stephan Morgenstern, has been criminally charged by South Korean authorities. Separately Albanian authorities have charged Anna with laundering funds tied to a criminal offense.

YIPTG has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s May 15th warning, YIPTG exhibits “signs of a financial pyramid”.

Following closure of the EminiFX victim claim portal, 110,318 transactions from over 30,000 victims have been verified. The transactions correlate to $229 million in verified invested funds and around $30 million in verified withdrawals. Just over 5000 EminiFX investors have submitted disputed transactions, or transactions that were unable to verified.

Former Investview CEO Joseph Cammarata has been sentenced to six years in prison for tax fraud.

edX AI fails to provide ownership or executive information on its website. edX AI’s website domain (“edxai-usdt.com”), was privately registered on April 25th, 2024. Of note is edX AI’s website domain being registered through the Chinese registrar Alibaba (Singapore). In an attempt to appear legitimate, edX AI provides a FINCEN MSB registration certificate for EDX [Continue reading…]

Xelliss appears to have collapsed. As per a May 12th press-release, Xeliss’ product IP, distributor and customer database have been sold off to Zinzino. Both Xeliss and Zinzino are European MLM companies.

Mind Capital Ponzi scammer David Lee Kagel has fainted on the way to his Mind Capital change of plea hearing. As per a May 13th minute entry on Kagel’s criminal case docket;

Horizok has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s May 5th warning, Horizok exhibits “signs of a financial pyramid”.