MLM @ BehindMLM

On May 12th EminiFX founder and CEO Eddy Alexandre was arrested. The bust was part of a joint operation between the DOJ and CFTC. Part of that operation was an FBI sting that began in or around March 2022. In this article we examine how the FBI took down Alexandre and, following his arrest, what [Continue reading…]

The CFTC has secured injunctive relief against EminiFX and owner Eddy Alexandre. Unsealing of the CFTC’s case today confirms Alexandre is facing both civil and criminal fraud charges.

Two unnamed fugitives are holding up OneCoin criminal proceedings in Italy. A June deadline has been set, after which proceedings against the two fugitives will be separated from the main case.

EminiFX founder and CEO Eddy Alexandre has been arrested for commodities and wire fraud. The DOJ alleges EminiFX was a $59 million dollar Ponzi scheme.

OneCoin founder Ruja Ignatova has been added to Interpol’s red notice wanted list. Ignatova is wanted by Germany, who seek to hold her responsible for “jointly committed especially serious case of fraud (and) money laundering”.

Melissa Sorenson is a former Paparazzi employee. Sorenson was terminated in January 2022. The circumstances of the termination have not been disclosed by herself or Paparazzi. What we do know, courtesy of a chatlog exhibit, is Sorenson feels she was “wrongfully terminated”. To that end she’s filed multiple complaints with state and federal labor regulators.

The Philippine SEC has issued a press-release reminding consumers that the Crowd1 Ponzi scheme remains banned across the country.

The FTC has announced over $149 million has been distributed to victims of the Advocare pyramid scheme. The FTC’s announcement was made on May 5th. It follows Advocare settling fraud allegations with the FTC for $150 million in 2019.

The SEC is set to face off against the Mining Capital Coin defendants on May 19th. At stake are the millions in ill-gotten gains Capuci allegedly stole through his Mining Capital Coin Ponzi scheme.

Mining Capital Coin co-founders Luiz Carlos Capuci and Emerson Sousa Pires have been sued by the SEC. The SEC alleges Capuci and Pires offered an “irresistible investment opportunity”, but in reality ran a Ponzi scheme.