MLM @ BehindMLM

Coenraad Botha fined R216 million for CBI Global fraud

Coenraad Botha has been fined R216 million ($11.3 million USD) by South Africa’s Financial Sector Conduct Authority (FSCA). Botha, a licensed lawyer in South Africa, has also been disbarred for ten years.


InvesableAI under investigation in Singapore

InvesableAI and the scammers behind it are under investigation in Singapore. As reported by the Straits Times on March 24th;


FutureNet’s Stephan Morgenstern to be extradited to S. Korea

FutureNet Ponzi scammer Stephan Morgenstern will be extradited from Albania to South Korea. Following Morgenstern’s rearrest in Albania after he fled Greece last year, South Korean authorities renewed extradition proceedings.


GSB Gold Standard Corporation fraud warnings from UK

The UK’s FCA has issued multiple securities fraud warnings against GSB Gold Standard Corporation associated companies. On March 21st the FCA issued fraud warnings against G999, Lydian World and Gold Standard Trade (aka GSTrade).


FVP Trade, Onewiex & CosCoin fraud warnings from Belgium

Belgium’s Financial Services and Markets Authority (FSMA) has issued three MLM related fraudulent trading platform warnings. In a warning published on March 14th, the FSMA “strongly advises against responding to any offers of financial services made by” CosCoin, Onewiex and FVP Trade.


Clynton Marks fails to remove MTI liquidators

After accusing them of “serious misconduct”, MTI kingpin Clynton Marks applied to have court-appointed liquidators removed. As reported by MoneyWeb on March 18th, Western Cape High Court rejected Marks claims


SEC sanctioned for “bad faith” in Debt Box fraud case

A court has found the SEC getting some dates wrong in its Debt Box case constitutes bad faith. Financial sanctions have been imposed and the SEC’s request to dismiss the case for refiling has been denied.


Coenie Botha and wife Charlotte Murove arrested again

CBI Global founder Coenraad Botha (69) and wife Charlotte Murove (31) have been charged with sixty-three criminal offenses related to the CBI Global Ponzi scheme. Following their arrest on Monday the 11th , a defense attorney argued Botha’s and Murove’s arrest was unlawful. Based on there being no appropriate warrants issued for Botha or Murove, [Continue reading…]


iComTech’s David Brend & Gustavo Rodriguez found guilty

Following conclusion of their iComTech trial on March 14th, a jury took just three hours to unanimously find David Brend and Gustavo Rodriguez guilty of conspiracy to commit wire fraud.


8 Figure Dream Lifestyle’s Alex Dee arraigned, trial date set

8 Figure Dream Lifestyle defendant Alex Dee has been arraigned. Following Dee’s arrest on January 10th, Dee finally made his initial appearance on February 20th.