MLM @ BehindMLM

Following his arrest last Friday, details of Kirill Doronin’s criminal charges have been revealed. Russian authorities have charged Doronin ‘under Part 4 of Article 159 of the Criminal Code (fraud by a group of persons or on an especially large scale)’. If convicted, Doronin faces a maximum ten year prison sentence.

As part of the ongoing Argentinian investigation into OneCoin, prosecutors in Cordoba have approved the arrest of four additional suspects. Rodrigo Domínguez, Aldo Leguizamón and two other people stand accused of defrauding clients through the OneCoin Ponzi scheme.

Defendants Eric J. Dalius and Ryan Evans have failed to reach a settlement with the SEC. As a result, the Saivian Ponzi scheme fraud case will now head to trial.

Russian authorities have arrested Finiko founder Kirill Doronin. According to Russian media reports, Doronin was picked up and detained in Kazan, Tartarstan.

Authorities in Kyrgyzstan have arresed several local promoters of the collapsed Finiko Ponzi scheme. As reported by 24 KG; Criminal police officers detained suspects in organizing the FINIKO financial pyramid. This was reported by the press service of the Internal Affairs Directorate of the Leninsky district of the capital. Local promoters of the scam were [Continue reading…]

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.