MLM @ BehindMLM

Following a successful appeal last month, the Kristijan Krstic extraditions were punted back to a Serbian High Court. That High Court has now reaffirmed that “that all legal preconditions for extradition have now been determined”. This means that extradition is once again on the cards, pending the outcome of another new appeal.

Alan Friedland (right) appears to be withholding evidence from the CFTC. Outstanding requests for production of documents to Friedland date back to August 2020. After eight months of stuffing around on Friedland’s part, on April 9th the CFTC filed a motion seeking to compel production.

The DOJ has been granted an intervention in the SEC’s civil case against Kristijan Krstic, John DeMarr and Robin Enos. The granted intervention is followed by an order staying the case, pending the outcome of parallel criminal proceedings.

Bitles has received an emergency securities fraud cease and desist from Texas in the US. The Texas State Securities references Bitles Limited, Janis Lacis, C3 Data Services and Edward Carter.

A 39 year old man has been apprehended by Portugal’s Judiciary Police. Gonçalo Silva, author of the website Fraud Portugal, hypothesizes the suspect is Evo Binary’s Ramon Alcantara.

VPL Medical has been given till May to get profitable. As per an April 2nd order, the Receiver (will) no longer be authorized to fund VPL operations out of funds designated for consumer redress after this month. The order follows the FTC’s revelation that VPL is blowing through $200,000+ in Receivership funds a month.

HyperFund has received a securities fraud warning from the UK’s Financial Conduct Authority. HyperFund is part of HyperTech, owned by Ryan Xu.

The bid by Success by Health affiliates to intervene in the FTC’s regulatory case has been denied. The denied second motion to intervene follows an earlier attempt, which was also denied.

CashFX Group has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA).

Late last month I was engaged with a reader pretending retail customers had interest in Be’s apps. At the time I noted Be had changed their website domain from “befactor.com” to “berules.com”. Considering the Be reboot of Melius was not that old itself, I flagged this as a strange. MLM companies don’t change their website [Continue reading…]