MLM @ BehindMLM

The Philippines SEC has issued Solmax Global and its Igniter 100 Ponzi scheme with a securities fraud warning.

Through a web of financial mismanagement and corruption, officials of the Samoan Independent Seventh Day Adventist church in New Zealand stole millions from its congregation. A lot of the stolen money was pocketed by the officials themselves. The rest was  ploughed into OneCoin and other fraudulent investment schemes.

Although we became aware of indictments handed down to members of Krsitijan Krstic’s Ponzi empire last week, they remained under seal – meaning we didn’t have access to any details. As a result of the arrest of Krstic’s accomplice Haojia Miao, a redacted copy of the indictment was made available on his Texas case docket [Continue reading…]

Haojia Miao, aka Haljia Miao and Stan Miao, is part of Kristijan Krstic’s Ponzi empire. Miao, a Californian resident, was arrested by the FBI October 7th.

CHY Mall, aka Century Heng Yue Group Limited, has received a securities fraud warning in Ghana. As per Ghana’s SEC warning dated January 8th;

The first Serbian member of Kristijan Krstic’s Ponzi empire has been extradited to the US. Antonije Stojilkovic was arrested in July 2020 in Belgrade, on behalf of US authorities. Stojilkovic consented to extradition, and was escorted by FBI agents to Texas on February 4th. Stojilkovic is now facing charges related to participation in Krstic’s $70 [Continue reading…]

A OneCoin promoter in Ecuador has been sentenced to five years in prison. Ivonne Ortiz was a prominent promoter of the OneCoin Ponzi scheme in Ecuador. Ortiz featured in official OneCoin marketing material, appearing to be pretty high up the food chain.

Rinpark SA is a shell company Jay Noland set up in Uruguay. As alleged by the FTC, Rinpark SA was part of the Success by Health pyramid scheme. Through Rinpark SA, $300,000 is alleged to have been transferred out of the US to Uruguay between August 2019 and January 2020. Through a second amended complaint [Continue reading…]

Two years ago the Washington State AG filed a lawsuit against LuLaRoe. In the lawsuit the AG’s Office alleged LuLaRoe was an “unlawful pyramid scheme”. Rather than prove it’s not a pyramid scheme, LuLaRoe has settled the lawsuit for $4.75 million dollars.

Bitcoiin insider and top promoter John DeMarr has been arrested ‘for his alleged participation in a coordinated cryptocurrency and securities fraud scheme’. DeMarr’s indictment details one charge of conspiracy to commit securities fraud.