MLM @ BehindMLM

Nepal’s top financial regulator has issued an illegality warning against Crowd1, HyperFund and Solmax Global.

EmpiresX has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores. As per the CNMV’s January 17th warning, EmpiresX

Two days ago Frank Schneider lost his extradition appeal. The decision, handed down by the Nancy Appeals Court, provides insight into Schneider’s US indictment.

Senexa has received a pyramid fraud warning from Russia.

The Nancy Appeals Court has approved Frank Schneider’s extradition. Following preliminary granting to Schneider’s extradition, he filed an appeal last July. Schneider’s legal team argued that, if extradited to the US, Schneider would be denied “fundamental rights”. The Nancy Appeals Court rejected this argument.

Epic Trading has received a pyramid scheme warning from the Philippines. As per the Philippine SEC’s 19th January notice; What makes EPIC TRADING appealing to the public is not the business of foreign exchange but the chance to earn weekly and monthly referral fees from recruitment of up to $1,000,000.00. An IBO is entitled to [Continue reading…]

Spanish authorities have arrested Vitor Fajardo Fajardo has been dubbed “one of the biggest cryptocurrency scammers in Europe”.

In 2011, back when South Africa actually regulated MLM fraud, the Reserve Bank declared TVI Express was a pyramid scheme. TVI Express promoters responded by declaring anyone against the company was ‘against black people becoming wealthy‘. TVI Express collapsed nationally a year later in 2012. Authorities pegged South African losses at around $254 million. Investigations [Continue reading…]

Crowd1 has received a securities fraud warning from the Central Bank of Russia.

A group of Crowd1 promoters in Azerbaijan have been arrested. Following their arrest, the scammers admitted Crowd1 was a fraudulent pyramid scheme.