MLM @ BehindMLM

The Zeek Rewards Receiver filed his second quarter 2021 report on July 30th. Not much happened in the second quarter outside of the IRS losing an appeal case.

The CFTC has been awarded a $15.6 million dollar default judgment against David Mayer and his company Silver Star Live.

The FTC has been denied monetary relief in their fraud case against Neora. The decision is undoubtedly a blow to the regulator’s enforcement efforts.

Fourteen promoters of the OneCoin Ponzi scheme have been indicted by Italy’s Guardia di Finanza. The indictments were filed in Bolzano, a city in Italy’s South Tyrol province. Unfortunately the names of those indicted have not been released.

Mirror Trading International’s liquidators have confirmed the existence of a US investigation into Mirror Trading International. The news follows months of inaction by South African authorities.

After pleading not guilty to four counts of Bitcoiin related fraud in April, a few days ago DeMarr entered a change of plea.

Global Investment Trading (dba Liyeplimal), has received a fraud warning from Quebec’s Autorite Des Marches Financiers.

Oman’s Ministry of Commerce has equated MLM to “pyramid marketing”. As a result of the classification, Oman has issued a directive banning MLM nationwide. The Ministry of Commerce outlawed MLM in Oman as per the Trade Law, Royal Decree No. 55/90.

Defendants Brent Carson Kovar and Joy Irene Kovar stand accused of running Profit Connect, which the SEC alleges was a $12 million dollar Ponzi scheme. Recent filings suggest the Kovars don’t intend to put up a fight.

The CFTC has approved settlements with three of four Global Trading Club scammers. The Global Trading Club settlements were presented to the court on July 27th as consent orders.