MLM @ BehindMLM

Four hundred and eighty-seven QNet promoters have been arrested in Ghana. Citing QNet as a Ponzi scheme, authorities in Kumasi made the arrests on September 2nd, 2024.

Following a review of seventy MLM income disclosures, FTC staff have concluded they are “confusing” and “ambiguous”. Specific issues with MLM income disclosure statements cited by the FTC include:

A QNet victim has filed a complaint in Indore, India. Kanishka Parmar, a local QNet promoter, recruited Kusum into QNet on the promise of a Rs. 10 million ROI over five years (~$119,000 USD).

A new iX Global investment fraud case has been opened in Mumbai, India. 200 victims have come forward alleging Rs. 350 million in losses (~$4.1 million USD).

iGenius has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ April 2022 warning;

The Traders Domain has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ August 21st warning;

The SEC has secured a $680,235.05 final judgment against Nutra Pharma. Nutra Pharma’s final judgment is made up of:

Forcount’s Nestor Nunez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Nunez on December 6th, 2022.

Forcount promoter Antonia Perez Hernandez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Hernandez on December 6th, 2022.

The SEC has filed charges against the collapsed QZ Asset Management Ponzi scheme. The SEC’s Complaint, filed in South Dakota on August 26th, names QZ Global Limited, QZ Asset Management Limited and Blake Yeung Pu Lei as defendants.