MLM @ BehindMLM

OmegaPro funds have been seized by UK authorities. The regulatory action occurred through OMP Money, a UK shell company set up by OmegaPro to access banking channels. OMP Money was in turn tied to Viola Money, which was shut down by UK authorities last December.

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

Generation Zoe’s Argentinian offices and three residential homes were raided last Friday. Authorities have since made four arrests. The Generation Zoe crackdown follows a securities fraud warning issued by Argentinian authorities.

DagCoin’s Success Factory Ponzi scheme has been banned by the Central Bank of Jordan. The CBJ’s nationwide Dagcoin ban was handed down as part of a 2019 Financial Stability Report.

A supplemental motion filed by the DOJ suggests Michael Noble is facing BitConnect criminal charges.

The Department of Trade and Industry has revealed plans to issue MLM companies with legitimacy seals. The seals aim to “protect consumers against trade malpractice”.

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…