MLM @ BehindMLM

Dwayne Golden, Gregory Aggesen, Marquis Demacking Egerton (aka Mardy Eger) and William White have been indicted. Their indictment pertains to the running of multiple MLM crypto Ponzi schemes.

The SEC has sued John Barksdale and his sister JonAtina “Tina” Barksdale over Ormeus Global fraud. The regulator alleges the Barkdales stole over $124 million through Ormeus Global’s ORME cryptocurrency.

John Barksdale has been indicted on securities and wire fraud charges. Barksdale stands accused of running Ormeus Global, a $70 million dollar Ponzi scheme.

Generation Zoe has received a securities fraud warning from Colombia. As per the Superintendencia Financiera de Colombia’s March 1st warning;

OneCoin money launderer David Pike has been sentenced to two years probation. Pike’s sentencing hearing was covered by Inner City Press, with Matthew Lee reporting from the courtroom.

NWorld has received a regulatory cease and desist from the Philippine SEC.

IX Inversors has received a securities fraud warning from Ecuador. As per the Superintendencia de Bancos’ January 13th warning, IX Inversors

OneCoin co-founder Sebastian Greenwood has fired his attorneys on the eve of a pretrial conference. In a filing requesting permission to withdraw from the case, Greenwood’s former attorney claims he’s “facing extraordinary exposure”.

Satish Kumbhani has been indicted by a Grand Jury in San Diego. Kumbhani, an Indian national, is the founder of the notorious BitConnect Ponzi scheme.

Intelligence Prime Capital has received a second securities fraud warning from Canadian authorities. The latest warning was issued by the Ontario Securities Commission.