MLM @ BehindMLM

As I’m used to covering US legal proceedings, how indictments play out in Germany is a little strange. But bear with me. Last November three OneCoin money launderers were indicted. Those indictments have now been approved by a District Court in Munster, paving the way for a criminal trial.

Early last year Toga Limited lost its Philippine SEC registration after authorities identified it as an “investment scam”. Following the regulatory ban, Toga Limited rebranded as Eostre Berhad. This has prompted the SEC to issue a second warning.

Praetorian Group International and Xifra Lifestyle have received fraud warnings from Peru’s Superintendencia de Banca Seguros.

Late last year OmegaPro registered its OMP Money shell company with the FCA. Presumably following an internal investigation, the FCA has now cancelled OMP Money’s registration.

So apparently there’s a Visalus criminal investigation going on in Italy. If this is the first you’re hearing of it you’re not alone.

EvoRich has received a securities fraud warning from Latvia’s Financial and Capital Market Commission. As per the FCMC’s March 9th warning, EvoRich

Skyway Capital and New Economic Evolution of the World (more commonly known as NEEW), have received a securities fraud warning from the UK’s Financial Conduct Authority.

Freebay has been added to New Zealand’s Financial Markets Authority’s Karatbars International securities fraud warning.

Top US promoters of the BitConnect Ponzi scheme have been sued in a securities fraud lawsuit filed by the SEC. Defendants on the chopping block are Trevon Brown (aka Trevon James), Craig Grant, Joshua Jeppesen, Ryan Maasen, Michael Noble (aka “Michael Crypto”). Jeppesen’s fiancee, Laura Mascola, is the sole named relief defendant. As described by [Continue reading…]

Two interesting updates have come from a May 27th Status Conference in Sebastian Greenwood’s criminal case. The first update is that efforts to negotiate a pre-trial disposition of the case have thus far been unsuccessful. As explained by prosecuting DOJ attorney Nicholas Folly;