MLM @ BehindMLM

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.

Antares Trade has received a securities fraud warning from Canada’s British Columbia Securities Commission.

Antares Trade has received a securities fraud warning from Spain’s CNMV. The Comision Nacional del Mercadeo de Valores is Spain’s top financial regulator (SEC equivalent).

Blessings In No Time, aka “BINT”, was a matrix-based pyramid scheme. On June 9th BINT and husband and wife operators, LaShonda and Marlon Moore, were sued by the Texas AG. Today the FTC and Arkansas AG have followed up with a joint federal fraud lawsuit.

At a June 2nd initial appearance and arraignment, defendants Trey Knight and his wife Emily plead not guilty. The pair are facing criminal charges related to wire fraud, dating back to 2016.

The FBI are feeling confident about Frank Schneider’s arrest. Two days ago two FBI agents arrived in the French city of Nancy. The reason for the visit was to ‘thank French investigators SRPJ and the BRI after the arrest in April 2021 in Meurthe-et-Moselle of‘ Frank Schneider.