MLM @ BehindMLM

On June 1st the SEC tabled three proposed judgments against BitConnect defendants Joshua Jeppesen, Ryan Maasen and Laura Mascola. A partial judgment was tabled for Michael Noble. Each of the proposed judgments were consented to by the defendants. On June 3rd the SEC was directed to make an additional filing, explaining why the judgments were [Continue reading…]

Seven months after raiding Mirror Trading International’s South African offices, the FSCA has announced its intent fine the company. Oh my god just do it already…

CashFX Group has received a securities fraud warning from the Central Bank of Ireland. The Central Bank of Ireland is Ireland’s top financial regulator (think SEC in the US).

Although it’s always had a reputation for harboring scammers, over the past year and a half Dubai cemented itself as the MLM scam capital of the world. This coincided with the spread of the COVID-19 pandemic. Whereas most countries effected some sort of border control, Dubai has remained open for visitors. This has seen practically [Continue reading…]

Kripto Future has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

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.