MLM @ BehindMLM

Fabio Wanzeler’s request that he not be recognized as a TelexFree net-winner, i.e. someone who scammed TelexFree victims out of money, has come to an end. On December 21st the US Bankruptcy Court in Massachusetts denied Wanzeler’s motion.

More OneCoin victims have come forth in Argentina, potentially adding weight to the criminal case.

TVI Express was a travel themed pyramid scheme that collapsed years ago. The scams mostly Indian victims continue to seek justice against the scheme operator, Tarun Trikha. To that end Trikha has been arrested again by the police in Delhi.

A preliminary injunction has been granted against Digital Income System promoter Christopher Brandon Frye.

South Africa’s Financial Sector Conduct Authority has bluntly stated: MTI and its senior management are conducting an illegal operation, misleading clients and have contravened several laws. The statement was published as part of a December 17th press-release, updating the public on the status of the FSCA’s investigation.

TikTok, the popular Chinese owned video-sharing social network, has banned promotion of MLM across its entire platform. The decision was made public following recent changes to TikTok’s “community guidelines”. In TikTok’s updated guidelines, MLM comes under “frauds and scams” and is grouped together with Ponzi and pyramid schemes.

The state of Michigan has issued Darren Olayan a securities fraud cease and desist pertaining to Mintage Mining. Michigan’s notice was issued on April 8th, however I only came across it today as part of my research into Olayan’s $595,000 Utah fine. As per Michigan’s cease and desist;

The Utah Division of Securities has fined Divvee Social and Darren Olayan $595,000 as part of a securities fraud settlement.

Jeff Wright and his wife Amber have lost a bid to keep their finances hidden from the FTC. Wright joined Success by Health’s “Scientific Medical Advisory Board” in late 2018.

The Ontario Securities Commission has published a securities fraud warning against Karatbars International. The OSC added Karatbars to its warning list back in July. We missed that notice but are covering it now as a matter of record.