MLM @ BehindMLM

The FTC has been granted summary judgment as to liability against the Success by Health defendants.

Three top Finiko promoters have been arrested in Kazan, Russia. In local media coverage, Ilgiz Shakirov (right) is cited as a Finiko Vice President. In BehindMLM’s May 2020 Finiko review, the affiliate rank Vice President didn’t exist. It appears to have been added as a higher rank sometime after.

Paparazzi held a ten year anniversary celebration in Las Vegas last month. Unofficial tracking on social media suggests it might have been a COVID-19 super-spreader event. The verified attendee death tally currently sits at eleven.

OneCoin defendants in Argentina have put up a strawman defense in a bid to avoid conviction. The scammers argue that because they recruited four police officers into OneCoin, that somehow absolves them of legal liability.

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

Ghana’s Immigration Service has threatened to jail QNet scammers entering the country illegally.

Following the entering of a guilty plea to one count of conspiracy to commit wire fraud, Glenn Arcaro has been released on a $500,000 secured bond.

Glenn Arcaro has plead guilty to BitConnect related criminal charges. BitConnect was a $2 billion dollar MLM crypto Ponzi scheme that collapsed in January 2017. Glenn Arcaro promoted BitConnect and served on the executive team as its US National Promoter.

The SEC has finally filed suit against BitConnect and executives Satish Kumbhani and Glenn Arcaro. The lawsuit follows a similar suit filed against BitConnect’s top US promoters in May.

Well that didn’t take long. Just two weeks after being let out of custody, Kristijan Krstic and his wife have violated their release conditions and fled.