MLM @ BehindMLM

Glenn Arcaro and his company Future Money have settled BitConnect fraud charges with the SEC.

Following Mirror Trading International’s collapse in late 2020, CEO Johann Steynberg fled South Africa for Brazil. Authorities eventually caught up with Steynberg and arrested him late last month. Steynberg managed to evade authorities on account of him having at least three fake IDs. We now also now Steynberg spent 2021 living on stolen bitcoin and [Continue reading…]

Brazilian authorities have arrested Mirror Trading International CEO Johann Steynberg. Steynberg was picked up Goiania on an international arrest warrant issued by Interpol.

Investview has disclosed it was subpoenaed by the SEC on November 9th, 2021. The subpoena sought production of documents, which Investview believes pertains to potential iGenius securities fraud violations.

Bitcoiin defendant John Demarr will surrender $3,513,305.14 as part of his plea deal with the DOJ.

Authorities in China have frozen $94 million of TST Tin’Secret’s assets, on suspicion the company is running a pyramid scheme. The freeze purportedly follows complaints from consumers in China’s northern Hebei province.

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).