MLM @ BehindMLM

News broke of Allied Wallet executives being indicted on criminal charges last Friday. At the time I was unable to access what I believed was a sealed indictment. Sure enough a sealed indictment was filed on August 25th. Pending the arrest of three of the suspects, all of which were US-based, the DOJ requested the [Continue reading…]

Following an entry of default judgment recorded against Global Trading Club scammer Rodrigo Jose Castro Molina, a court has ordered the CFTC to file for default judgment.

Success Factory has received a pyramid scheme warning from the Central Bank of Russia. As per the Central Bank’s August 31st warning, Success Factory exhibits “signs of a pyramid scheme”.

Torexo Finance has received a pyramid scheme warning from the Central Bank of Russia.

The Financial Crime Investigation Unit has confirmed it is investigating the allegation a Seychelles notary signed off on a fraudulent Power of Attorney. That PoA would later be used to launder 230,000 bitcoin in stolen OneCoin investor funds.

On August 12th attorneys for Profit Connect defendants Brent Carson Kovar and Joy Kovar filed a motion to withdraw. The cited reason for the withdrawal was non-payment, as well as issues securing out-of-state counsel familiar with SEC proceedings.

When I checked the BitClub Network case docket today I thought I’d missed something. There were several references to a bail revocation hearing pertaining to Joby Weeks. But I couldn’t recall seeing a motion preempting the scheduled hearings. Looking at the other filings though, I came across this in a motion from Week’s attorneys:

Four Allied Wallet executives, including owner and CEO Ahmad “Andy” Khawaja, have been indicted on fraud charges. This latest round of indictments follows charges filed in 2019, as well as an FTC lawsuit detailing theft of $110 million.

Mark Scott has failed to have his sentencing suspended indefinitely. Following a letter filed earlier this week and subsequent opposition by the DOJ, the court rescheduled Scott’s sentencing to November 9th.

The Mark Scott sentencing circus continues, with Scott now asking his OneCoin fraud sentencing be postponed indefinitely.