MLM @ BehindMLM

Gilbert Pardla and Gustav Poland have settled DagCoin fraud charges for “approximately 5000 euros”.

Armen Temurian is having trouble providing Vista Network trading proof. Perhaps not surprising, given BehindMLM pegged Vista Network as a MLM crypto Ponzi back in 2017. This tracks with a CFTC investigation, which led to a $7 million fraud lawsuit.

Jim Aleksander Anderson has been arrested in Spain. Following his arrest, Anderson was extradited to France. Details are vague but French police are reported to suspect Anderson “is involved in a large-scale Ponzi scheme.”

A proposed The Traders Domain victim claims process was approved on April 29th. As per the approval order, The Traders Domain victims have until July 28, 2025 to file claims.

AkashX has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA). As per the FMA’s May 2nd AkashX warning;

ArbiSmart has been ordered to cease committing securities fraud in Italy. As per an order published by CONSOB on April 30th, ArbiSmart has been found to be illegally offering investment services to Italian residents.

Barnaje DAO has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added Barnaje DAO to its Investor Alert List on April 7th, 2025.

Following an investigation that began in 2023, iGenius has received a securities fraud warning from Poland’s Office of Competition and Consumer Protection (UOKiK).

WeWe Global has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added WeWe Global to its Investor Alert List on April 8th, 2025.

Last November the long-running forex scam IM Mastery Academy rebooted as Iyovia. No official reason was given for the rebranding, prompting me to speculate; If I had to guess, IM Mastery Academy rebranding as Iyovia probably signals we’re getting close to the outcome of the FTC’s investigation. On May 1st the FTC and Nevada filed [Continue reading…]