MLM @ BehindMLM

Bitcoin Vault has received a securities fraud warning from the UK’s Financial Conduct Authority. As per the FCA’s August 26th Bitcoin Vault warning;

The DOJ has secured a stay of the CFTC’s civil EminiFX fraud proceedings.

QNet has received a pyramid scheme fraud warning from Bhutan. As per the Office of Consumer Protection’s August 26th warning;

The SEC has secured Certificate of Default against John and Jonatina Barksdale. Following personal service on John Barksdale on June 20th and service via email on Jonatina on June 30th, response deadlines kicked in for July 11th and July 21st respectively.

Dubai’s crime community has welcomed a new fugitive into the fold; John Barksdale. Barksdale recently celebrated his birthday at a local karaoke bar. Vitaliy Dubinin was in attendance, and shared footage of the event on FaceBook.

OneCoin money launderer Christopher Hamilton will be extradited from the UK to the US.

The SEC has filed a motion requesting permission to allow alternative service on the Mining Capital Coin defendants.

Nugen Coin has received a securities fraud warning from British Columbia, Canada.

Luigi Bruni’s life after CashFX Group is providing insight into how the Ponzi scheme continued to recruit new victims, despite denying withdrawals for close to a year. Like any MLM Ponzi scheme, CashFX Group owner and CEO Huascar Lopez kept most of the money for himself. He also paid top affiliates $20,000 a month to [Continue reading…]

Two EmpiresX victims have filed a civil class-action in Florida. That’s on top of the CFTC’s and SEC’s civil regulatory lawsuits against EmpiresX. What’s interesting is the Florida state court hearing the class-action has appointed an EmpiresX Receiver.