MLM @ BehindMLM

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.

A report from the Centre of Information Resilience has tied Prizm and founder Aleksey Muratov to Donetsk separatism in Ukraine. As per their website, the Centre for Information Resilience is

Last month it emerged Robert Oblon had sold off Amplifei to LaCore Enterprises. Details of the state of Amplifei have since emerged, suggesting the company failed to turn a profit.

Following on from news Alan Friedland had opted to settle CompCoin fraud charges with the CFTC, mid-trial no less, details of Friedland’s settlement are now public. As per a court order approving the settlement on March 24th, Friedland will pay $1.2 million in restitution to CompCoin victims.