MLM @ BehindMLM

GiraCoin has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

The Profit Connect Receiver has recovered $9.1 million. The announcement was made as part of the Receiver’s Second Status Report, filed February 7th.

Traffic Monsoon has had a $145 million Final Judgment entered against it. I’m a little bit lost on the procedural side of things, as the Final Judgment follows a $2.5 million Jan 2021 default judgment order.

And now, an update on Mirror Trading liquidation proceedings out of South Africa: *checks notes* every MTI victim claim has been rejected the only claim approved was filed by JNX Online, a company belonging to MTI founder Johann Steynberg South African authorities continue to do nothing The shitshow continues…

Hyperverse has been added to New Zealand’s HyperFund securities fraud warning.

Family First Life, Enagic and Amplifei have received COVID-19 cease and desist demand notices from the FTC. The notices pertain to fraudulent marketing claims related to COVID-19.

Four days into his trial, Alan Friedland has settled fraud allegations with the CFTC. This one is a bit unusual, as typically we see settlements reached before trial. I think this is the first MLM fraud trial I’ve seen where a settlement was reached during trial.

Luca Di Donna, an Italian lawyer with ties to former Prime Minister Giuseppe Conte, is under investigation for OneCoin money laundering.

CashFX Group has been declared an illegal business in Italy. As a result CONSOB, Italy’s top financial regulator, has ordered CashFX Group’s website be blocked nationally.

About a week ago BehindMLM started receiving reports of new checks sent to Zeek Rewards victims. Today the Receiver confirmed these were final distribution payments.