MLM @ BehindMLM

Alejandro Santiestaban, aka Alex Santi, is facing contempt proceedings for a third time in The Traders Domain proceedings. The Traders Domain was a Ponzi scheme run by Canadian national Ted Safranko. The Traders Domain collapsed in late 2022. The CFTC filed suit in October 2024, alleging over two thousand investors lost “no less than $283 [Continue reading…]

Serial fraudster Edward “Ed” Zimbardi has been fined $500,000 by the Georgia Commissioner of Securities. Zimbardi’s companies IMG and CryptoProgram have each also been fined $500,000.

Tag Markets has received a securities fraud warning from Austria’s Financial Market Authority (FMA). As per the FMA’s February 20th Tag Markets fraud warning;

BitradeX has received a securities fraud warning from the Thailand Securities and Exchange Commission.

The breakdown of settlement negotiations between Matthew Goettsche and the DOJ mean his case will proceed to trial.

Ray Higdon and wife Jessica have settled with the The Traders Domain Receiver for $150,000.

BitClub Network Ponzi promoter Joby Weeks has been denied permission to withdraw his guilty plea. Again.

Four VBit Technologies relief defendants have settled with the SEC. Proposed consent judgments were filed on January 21st. The court approved all three filings on January 22nd.

Meta Whale has received a securities fraud warning from the Alberta Securities Commission (ASC).

The SEC claims it has confirmed NovaTech FX co-founders Cynthia and Eddie Petion are not in Dubai.