MLM @ BehindMLM

ProCash has received a securities fraud warning from Spain’s Comision Nacional del Mercado De Valores.

OmegaPro has been declared a fraudulent online trading platform in Belgium. The Financial Services and Markets Authority’s May 5th warning follows ‘complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market.’

Two money launderers tied to the Recylix Ponzi scheme have been sentenced to prison.

John DeMarr’s Bitcoiin indictment was filed on March 23rd, 2021. The indictment details four counts of fraud, pertaining to DeMarr’s involvement in Bitcoiin and Start Options.

It’s been seven months since our last Saivian update. The case has been progressing but up until now there hasn’t been any significant events. On May 3rd a joint motion was filed requesting a stay on the SEC’s Savian fraud case. The stated reason for the requested stay was mediation.

As per our last update, Jason Cardiff had been given until May to secure VPL Medical mask contracts. Failing which the Redwood Receiver had been directed to cease funding the company’s operation. Since then we’ve also had the AMG Supreme Court decision, further complicating proceedings.

Belgium’s Financial Services and Markets Authority has issued securities fraud notices against EndoTech, CashFX Group and Mirror Trading International. As per the FSMA, EndoTech, CashFX Group and MTI are offering what they refer to as “expert advisors” schemes.

Muhammad Zafar, one of OneCoin’s top earners, has been arrested in Pakistan. Zafar is facing fraud charges in relation to his promotion of “OneCoin and others”.

The recent AMG Supreme Court decision has created a headache for the FTC. Following the decision, Success by Health now seek to dissolve the granted preliminary injunction. SBH also wants the Receivership to return any funds obtained as fees paid by the company.

After four years of literally doing nothing, BaFin are investigating a German OneCoin promoter’s website.