MLM @ BehindMLM

Kristijan Krstic and his Ponzi empire accomplices have been sued by the SEC. The civil lawsuit follows Krstic’s arrest in Serbia late last year.

In an ex-parte motion requesting instruction from the court, the Redwood Receiver has accused Jason Cardiff of inappropriate conduct. The inappropriate conduct pertains to the Receiver believing that Cardiff and VPL Medical are ‘seeking to use their fee application positions to incentivize the Receiver to act improperly for their benefit.’

Italy’s Competition Authority has once again found Lyoness to be an illegal pyramid scheme. The company has been issued with another €3 million EUR fine ($3.6 million USD).

A CashFX Group securities fraud warning has been issued by Saskatchewan’s FInancial and Consumer Affairs Authority.

Following a preliminary injunction being granted against Digital Income System promoters Brandon Frye and Kaitlyn Scott, the FTC has now moved for default judgment.

Undelivered mail in the Traffic Monsoon SEC case suggests owner Charles Scoville may have been released from jail.

Authorities in New Delhi have shut down the Future Maker Life Care pyramid scheme in 2018. Directors Radhe Shyam and Bansi Lal have been arrested. The Enforcement Directorate is now pursuing criminal charges against them.

The Traffic Monsoon Receivership has secured default judgments against promoters Ernest “Ernie” Ganz and David Barker. Together, the pair of scammers are up for $953,195.

South Africa’s FInancial Sector Conduct Authority has announced the completion of its Mirror Trading International investigation. It appears what happens next is now up to Commercial Crime Unit of the National Prosecuting Authority.

A second OneCoin promoter in Singapore has been sentenced to six months in prison. Terence Lim Yoong Fook will also have to pay a $210,000 SGD ($158,603 USD).