MLM @ BehindMLM

Tin Quoc Tran, one of the ringleaders in the SAEG series of Ponzi schemes, has copped a $512 million default judgment.

A man who extorted around $146 million from BitConnect scammers has been arrested in Ahmedabad, Gujarat.

Brazilian authorities have confirmed Mirror Trading International CEO Johannes Steynberg’s death. Subsequently, an identity fraud related criminal case against Steynberg have been dropped.

Investview has confirmed the SEC’s investigation into iGenius is ongoing as of May 2024. The status update was confirmed by Investview in a 10-Q quarterly report, filed with the SEC on August 13th.

Axiome has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s August 15th warning, Axiome exhibits “signs of a financial pyramid”.

The DOJ’s response to MyChargeBack’s “give us back our website domain” petition suggests indictments are coming.

Mohammed “Moe” Diab and Amy Rountree have pled guilty to Allied Wallet fraud charges.

Details of how the SEC intends to handle victim restitution have been revealed in Jean Martin Zizi’s NovaTech FX settlement.

The SEC has filed suit against NovaTech FX’s founders and several top promoters. As per the federal regulator’s August 12th filed lawsuit, Cynthia and Eddie Petion ran a $650 million plus Ponzi scheme. In addition to NovaTech FX’s Petion co-founders, the SEC has also sued promoters Martin Zizi, Dapilini Dunbar, James Corbett, Corrie Sampson, John [Continue reading…]

Seven years after she disappeared, Bulgarian authorities have indicted OneCoin founder Ruja Ignatova.