MLM @ BehindMLM

A Forfeiture Notice has been added to Kristijan Krstic’s Ponzi empire indictment. The addition was made through a second superseding indictment, filed on December 28th.

India has banned MLM pyramid schemes through new Consumer Protection Rules. The rules were enacted in 2021, giving MLM companies 90 days to comply. As reported by MoneyLife;

CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

Kangot has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

Mido Finance has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

Intelligence Prime Capital has received a securities fraud warning from the Central Bank of Russia.

Ganancias Deportivas is a Spanish-language MLM company. Affiliates marketing Ganacias Deportivas pitch a 20% monthly ROI, in addition to recruitment commissions. Over the past few months, Ganancias Deportivas has received securities fraud warnings from both Spain and Italy.

The “mastermind” behind OneCoin recruitment in Thailand has been arrested, again. Mana Jumuang (aka Mr. Kay), was first arrested on charges of fraud in 2019.

Earlier this month BitClub Network defendant Joby Weeks requested some “time alone” with his wife Stephanie. He didn’t get what he wanted.

Profit Connect owners Brent Carson Covar and Joy I. Covar have settled with the SEC. The SEC shut down Profit Connect in July, alleging the Kovars ran a $12 million dollar Ponzi scheme.