MLM @ BehindMLM

Defendants LaShonda and Marlon Moore have had their Motion to Dismiss the FTC’s fraud case against them dismissed. The FTC filed suit against the Moores last June, pertaining to the Blessings in No Time (BINT) gifting scheme.

Back in June 2021 the MOBE Receivership announced it had returned $15.2 million to the FTC for distribution. After a period of uncertainty, the FTC has announced $23 million has been paid out to MOBE victims.

Brent Kovar’s penchant for lavishing gifts on women he hired, was revealed by the Profit Connect Receiver last November. The Temporary Receiver identified three Profit Connect employees with the responsibilities of administering the financial and personnel operations of Profit Connect: SW, a former pharmacy technician hired as the accounting manager and, as she has stated, [Continue reading…]

Leonardo Cositorto is expected to be extradited from the Dominican Republic as early as next Monday. Cositorto is behind the Generation Zoe Ponzi scheme. He was arrested on an Interpol issued warrant earlier this week.

Generation Zoe Ponzi scammer Leonardo Cositorto has finally been arrested. Cositorto had been on the run in Colombia, openly flaunting an Interpol issued international arrest warrant. Despite publicizing his movements throughout Colombia, it wasn’t Colombian authorities who nabbed Corsitorto. He was picked up on April 4th in the Dominican Republic.

EvoRich founder and CEO Andrey Khovratov has been arrested in Russia. Authorities in Tagansky, a district in Moscow, have charged Khovratov with three counts of fraud.

Paraiba has received a second securities fraud warning from Austria’s Financial Market Authority (FMA). The FMA is Austria’s top financial regulator (SEC equivalent).

BitPlam has received a pyramid fraud warning from Russia. Which is a bit odd, seeing a BitPlam is supposed to have collapsed last November.

Paraiba World has received a securities fraud warning from FINMA. FINMA is Switzerland’s stop financial regulator (SEC equivalent).

South Africa’s FSCA has issued a Gift of Legacy warning. The warning follows enquiries from the South African public. As per the FSCA’s March 23rd warning, which followed enquiries from the public, the regulator confirms Gift of Legacy isn’t committing securities fraud. This would be a violation of South Africa’s Financial Advisory and Intermediary Services.