MLM @ BehindMLM

Mind Capital’s David Kagel sentenced to 5 yrs probation

Oct.11, 2024 in companies, regulation 1 Comment

Mind Capital’s David Lee Kagel has been sentenced to five years probation. The former securities law attorney will also have to pay back $13.9 million in restitution.

The GSB securities fraud cease and desist

Oct.11, 2024 in GSPartners, regulation 22 Comments

Back in mid September BehindMLM received a cease and desist from Avi Perry, an attorney at Quinn Emanuel Urquhart & Sullivan (Quinn Emanuel), acting on behalf of GSB Gold Standard Corporation and owner Josip Heit. In a nutshell, Perry objected to BehindMLM’s ongoing reporting on GSB’s and Heit’s alleged securities fraud. While I did respond [Continue reading…]

TrageTech securities fraud warning from Texas (+GSPartners)

Oct.11, 2024 in companies, regulation 12 Comments

TrageTech has received a securities fraud warning from the Texas State Securities Board (TSSB). TSSB’s October 10th enforcement order also cites promoter Eric Ture Muhammad, cited as a GSPartners and Billionico promoter.

Allianz settles with Profit Connect Receiver

Oct.10, 2024 in companies, Profit Connect, regulation Leave a Comment

Allianz Life Insurance has entered into a settlement with the Profit Connect Receiver. As per the terms of the settlement, Allianz will pay $125,250 to the Receivership, from which $2500 to four Profit Connect investors.

Robin Enos settles Krstic Ponzi empire charges with SEC

Oct.09, 2024 in Options Rider, regulation Leave a Comment

Robin Enos has settled Krstic Ponzi empire fraud charges with the SEC. Enos’ SEC settlement was filed as a pending consent judgment on September 30th. The court approved the consent judgment later the same day.

iComTech’s David Carmona sentenced to 10 years in prison

Oct.06, 2024 in companies, iComTech, regulation Leave a Comment

iComTech founder David Carmona has been sentenced to ten years in prison. Restitution and monetary penalties will be determined on November 22nd, 2024..

DGPT Review: AI ruse “click a button” app Ponzi

Oct.05, 2024 in click a button app Ponzis, regulation 2 Comments

DGPT fails to provide ownership or executive information on its website. DGPT has three known website domains: dgpt.club – registered with bogus information on August 27th, 2024 ai.dgpt.club – DGPT app access dgpt.cloud – privately registered on July 7th, 2023 (already abandoned) Of note is DGPT’s .CLUB website domain being registered through the Chinese registrar [Continue reading…]