MLM @ BehindMLM

As per a chargesheet filed on March 24th, Gordon Brad Beckstead helped BitClub Network scammers launder “millions of dollars”.

Model Farming has received a pyramid fraud warning from the Central Bank of Russia. As per the CBR’s April 20th warning, Model Farming exhibits “signs of a financial pyramid”.

Generation Zoe’s legal advisor Hector Luis Yrimia is wanted by Argentinian authorities. Yrimia has an international arrest warrant out on him, issued through Interpol. On Tuesday April 12th, following additional seizures and raids on his properties in Argentina, Yrimia turned himself in to Interpol’s Dubai branch. Instead of arresting Yrimia and initiating extradition proceedings, Interpol [Continue reading…]

Bulgarian authorities have taken the extraordinary step of disowning OneCoin Ponzi founder Ruja Ignatova. Ignatova, who was born in Bulgaria, held dual Bulgarian-German citizenship. In an April 18th press-release, Bulgaria’s Ministry of the Interior declared Ignatova has been “released from Bulgarian citizenship.”

The Traffic Monsoon Receivership has flagged work starting on a “plan of distribution”. The announcement follows resolution of a significant percentage of investor claims.

Authorities in India have launched a pyramid fraud investigation into Amway. The preliminary stage of the investigation has seen ₹ 757 crore in assets frozen ($99.1 million USD).

The DOJ has filed for permission to notify OneCoin victims of upcoming criminal proceedings.

Another eight QNet promoters have been arrested in Ghana. The scammers were in charge of 120 victims, being held hostage in a “compound house”.

Following his arrest and announced extradition from the Dominican Republic last week, Generation Zoe Ponzi scammer Leonardo Cositorto has touched down in Argentina… …where he immediately developed a sudden onset of high blood pressure requiring hospitalization.

Quwiex has received a securities fraud warning from New Zealand’s Financial Markets Authority. In response to being busted, Boris CEO George Bennet has announced Quwiex Global rebranding.