MLM @ BehindMLM

The CFTC has secured a $571 million dollar judgment against Control Finance CEO Benjamin Reynolds. There’s just one problem… Benjamin Reynolds doesn’t exist.

In an endorsed memo filed on March 18th, convicted OneCoin money launderer Mark Scott has requested his sentencing be delayed indefinitely.

CashFX Group has received a securities fraud warning from the Jersey Financial Services Commission (JFSC). Just so we’re clear, that’s Jersey the UK dependency not New Jersey in the US.

Forsage has been issued a securities fraud cease and desist from Montana’s Commissioner of Securities and Insurance.

US authorities’ efforts to extradite Kristijan Krstic and several accomplices have hit a roadblock. In a decision handed down either earlier this week or late last week, the Belgrade Court of Appeals has overturned previously granted extradition requests.

The Australian Securities and Investments Commission has emerged as a regulator of choice for scammers. Despite being a financial regulator, ASIC operates at a snail’s pace and has no actual power of offshore scammers who feed it bogus details. Nowhere is this better on display then with the recently collapsed Beurax Ponzi scheme.

Following a request by the SEC on February 18th, the iPro Network civil trial has been delayed for a fifth time. As revealed in a subsequent stipulation, this time the delay is attributable to the use of gift cards in iPro Network.

Back in April 2020 the CFTC filed charges against Alan Friedland (right) and his companies Fintech Investment Group and Compcoin. BehindMLM didn’t cover the lawsuit because it was unrelated to the MLM industry. In light of Friedland being outed as the architect behind the recently launched NRGY smart-contract Ponzi scheme however, I felt it worthwhile [Continue reading…]

In its ongoing case against Success by Health and owner Jay Noland, the FTC has moved for summary judgement with respect to liability. As summarized by the FTC, their case against SBH and Noland is as follows:

In an attempt to overturn the granted preliminary injunction against Success by Health and owner Jay Noland, one hundred and eight SBH affiliates submitted filed declarations. Ignoring the FTC’s legal arguments, some SBH affiliates instead raised allegations of racism. The Court considered Defendants’ arguments about those allegations and stated: “This is a frivolous argument and [Continue reading…]