MLM @ BehindMLM

Haskell Knight, better known in the MLM industry as Trey Knight, has been indicted on three felony counts of wire fraud.

A May 10th Receivership Status Report reveals that 12,500 Traffic Monsoon victims have had their claims approved. The total dollar amount of approved claims so far comes to $33,383,808.

Antares Trade has received a securities fraud warning from Belgium’s Financial Service and Markets Authority.

Teqra has received a securities fraud warning by Spain’s Comision Nacional del Mercado de Valores (CMNV). The CMNV is Spain’s top financial regulator (SEC equivalent).

The Financial Conduct Authority has banned EverFX from offering services to consumers in the UK. The ban follows EverFX denying it operated as a broker for the CashFX Group Ponzi scheme. Whether the ties between the two companies are behind EverFX’s UK ban however are unclear.

Around the same time US authorities began looking into OneCoin, Dubai’s General Department of Criminal Investigations raised money laundering concerns. How the parallel investigations concluded however, couldn’t be any more different.

The Central Bank of Cuba, the country’s top financial regulator, has issued a warning targeting several MLM Ponzi schemes. Scams cited in the Central Bank’s May 13th warning include;

Trust Investing Director Ruslan Concepcion has been arrested by Cuban authorities. Concepcion was apprehended on April 22nd, attempting to board a plane bound for Russia.

Following raids and asset seizures, Argentinian authorities have arrested ten individuals connected to Intense Live.

A Suspicious Activity Report from Mashreq Bank has provided insight into OneCoin’s ~2015 banking woes. The report, filed by the Mashreq Bank’s Audit, Fraud & Compliance Group, is dated September 1st, 2015. Affected customers listed are