MLM @ BehindMLM

The Future Trade securities fraud warning from Belgium

The Future Trade has received a securities fraud warning from Belgium’s Financial Services & Markets Authority.

Skyway Capital banned in Italy for fraud, fined €70,000

Skyway Capital has been banned in Italy for securities fraud. As per a bulletin issued by CONSOB on September 21st;

TelexFree Receiver announces second claim distribution

The TelexFree Receiver has sent out an email detailing a second distribution to valid claim holders.

BINT scammers cry poor, plead with court for protection

Blessings In No Time owners LaShonda Moore and Marlon Moore have asked for protection against FTC depositions.

BitConnect’s Glenn Arcaro sentenced to 38 months in prison

BitConnect’s Glenn Arcaro has been sentenced to 38 months in prison (just over 3 years).

Meme Club pyramid scheme fraud warning from Russia

Meme Club has received a pyramid scheme fraud warning from Russia.

Darren Yaw & nine GCG Asia scammers arrested in Malaysia

Malaysian police have arrested ten individuals connected to GCG Asia. One of the arrested individuals is GCG Asia founder Darren Yaw.

Italian Traffic Monsoon investors settle claims with Receiver

A group of Italian Traffic Monsoon investors fell for the old “pay your upline instead of the company” MLM Ponzi ruse. The upline was Fabiano Santos, aka Maurizio Longo, who directed his victims to invest upwards of $1 million through his shell company Advertising Corp. Doubling down on his fraud, Santos filed investor claims with [Continue reading…]

ePayments shuts down, offers clients refunds (OneCoin?)

Back in 2020 payment processor ePayments announced it was the subject of a freeze order. The freeze order was issued by the FCA, tying up over £100 million in client funds. Those funds are still frozen. Now ePayments has announced it’s shutting down.

Richard Maike challenges denial of release till sentencing

Following being found guilty of every count on his Infinity2Global fraud indictment, Richard Maike requested he be released pending sentencing. The court denied the request, ordering Maike remanded to custody. On September 9th Maike filed a motion for reconsideration, asking the court to reverse its earlier decision.