MLM @ BehindMLM

Mirollex has received a securities fraud warning from Spain’s Comision Nacional del Marcado de Valores.

CashFX Group has received a securities fraud warning form South Africa’s Financial Sector Conduct Authority.

Thanks to the Supreme Court’s AMG decision, scammers are getting off Scot-free. The latest set back for the FTC is a decision in their Redwood case against defendants Jason and Eunjung Cardiff.

In a startling admission, the FCA has bluntly confirmed it is unable to regulate securities fraud in the UK.

Following on from our coverage of Belgian authorities shutting down Vitae earlier this week, two arrested suspects have now been confirmed. For more we turn to a June 24th report from De Tijd.

Lyoness’ eCredits spinoff has received a securities fraud warning from Liechtenstein’s Financial Market Authority.

Belgian authorities have shut down the Vitae token Ponzi scheme. Vitae Token launched as Vitae Coin back in early 2018. It was quickly renamed Vitae Token and promoted as part of a social network. That concept flopped, prompting founder Michael Weber to add a Ponzi scheme.

Following a directive last month in their NetForce case, the FTC has filed a motion seeking a contempt judgment and compensatory civil contempt sanctions. The FTC first sought NetForce contempt sanctions against Jay Noland mid last year.

The FTC has announced it is reviewing the Business Opportunity Rule. The review pertains specifically to the MLM and gig economy industries, and is a direct response to the recent AMG Supreme Court decision.

The Success By Health asset-freeze appears to be hanging by a thread. For now at least, a decision has been made to maintain the asset freeze and appointed Success by Health Receivership.