MLM @ BehindMLM

Kristijan Krstic, head of a Ponzi empire that allegedly bilked consumers out of $70 million, has been released from custody. Pending a decision from the European Court of Human Rights, Krstic will remain under house arrest till August 16th.

A Third Forfeiture Bill of Particulars has revealed millions of dollars in cash, crypto and assets the DOJ hopes to recover from Matt Goettsche.

Frank Schneider’s extradition to the US is on hold, pending the outcome of an appeal. A decision on Schneider’s extradition was supposed to have been made on Wednesday July 21st. As reported by Luxembourg publication Wort, Schneider, anticipating his extradition, has filed an appeal with the Nancy Court of Appeal. According to the terms of [Continue reading…]

Profit Connect has been shut down by the SEC. The regulator alleges mother and son founders, Brent Carson Kovar and Joy Irene Kovar (86), were behind a $12 million dollar Ponzi scheme.

Lyconet has been added to the Central Bank of Russia’s illegal company blacklist.

Antares Trade has been added to the Central Bank of Russia’s list of companies engaged in “illegal activities”.

Following the introduction of its FNK token exit-scam, Finiko has disabled withdrawals confirming its collapse. Owing to it being a Russian Ponzi scheme, specific details of Finiko’s collapse are scarce. I’m relying on auto-translations for the most part.

TriumphFX has been banned by Indonesian authorities due to investment fraud.

You won’t find his name anywhere on EmpiresX’s website. A quick search through YouTube however, returns plenty of videos citing “Joshua Nicholas Gregg” as EmpiresX’s Master Trader. Supposedly, Gregg, sometimes credited as just Joshua Greg/Gregg or Josh Greg/Gregg, works for Goldman Sachs in New York.

Arguably central to GSPartners’ G999 Ponzi scheme is Gold Standard Bank (GSB). On GSPartners’ website and in their marketing material Gold Standard Bank is represented as holding a banking license in Mwali. If you’ve never heard of Mwali, you’re not alone. It’s a tiny island off the eastern coast of Africa.