MLM @ BehindMLM

CKB168 was a $200 million MLM pyramid scheme that targeted Asian-Americans in the US. Abroad, the majority of CKB168 victims were based in China. The SEC shut down CKB168 all the way back in 2013. In total sixteen CKB168 executives and top promoters were sued. Parallel criminal charges were also filed by the DOJ in [Continue reading…]

Top US Forsage promoter Mark F. Hamlin has settled a securities fraud lawsuit brought against him by the SEC.

Eric Tippetts has settled securities fraud allegations brought against him by the SEC. The violations pertain to Tippetts involvement in Nasgo and ShareNode, a combined $10 million Ponzi scheme.

Bank of Hodlers was an Indian “blockchain based finance company” created by Darshan Bathija in 2018. BehindMLM reviewed Bank of Hodlers in June 2019, concluding it was a simple shit token exit-scam MLM crypto Ponzi. Bank of Hodlers went on to collapse in 2021, prompting Bathija to drop MLM and reboot as Vauld. Vauld solicited [Continue reading…]

Following a joint-application filed on July 25th, Dan Putnam’s securities fraud case has been delayed well into 2023.

The CFTC has initiated Hague Convention service on EmpiresX scammers Emerson Pires and Flavio Goncalves. Pires and Goncalves co-founded the EmpiresX Ponzi scheme.

On July 27th the FTC moved for a three-week continuance of their scheduled trial against Neora. The court denied the motion on August 5th, meaning unless a settlement is reached, the parties are on track for a courtroom showdown.

Forsage scammers Samuel D. Ellis and Sarah Theissen have settled fraud allegations made against them. The allegations were made in a lawsuit filed by the SEC, alleging Forsage was a $300 million Ponzi scheme.

NovaTech FX has received a securities fraud warning from the Central Bank of Russia.

Back in late March we learned several IM Mastery affiliates had been arrested in Spain. At the time names of suspects were not released. At the time “Awaken Dreamers” was the top Spanish IM Mastery Academy downline. A follow up report from El Pais confirms Awaken Dreamers leaders were among those arrested.