MLM @ BehindMLM

After putting together our report on Joby Weeks’ release appeal yesterday, I noted the DOJ had filed an opposition while I was working on the report. Having detailed Weeks’ arguments for release on appeal, today we go over the DOJ’s response.

Following an overwhelming majority vote in favor, the TelexFree liquidation plan has been approved.

On May 28th BitClub Network defendant Jobadiah “Joby” Sinclair Weeks filed a Motion for Appeal, Review, and Revocation of his detention order. Weeks’ first unsuccessfully attempted to bust of custody back in January. This was followed up by a plea to President Trump in April, citing previously rejected COVID-19 concerns. That too was denied. Weeks’ [Continue reading…]

Mirror Trading International has received an emergency securities fraud cease and desist from Texas.

The USFIA Receiver estimates that victims will recover approximately 75% of losses.

Authorities in Côte d’Ivoire have banned Crowd1 and QNet. The stated reason for the ban is both companies operate as scams and facilitate money laundering.

Voting on the proposed TelexFree liquidation plan closed on June 30th. A published tally of the ballots reveals that TelexFree victims voted in support of the liquidation plan.

Earlier this year it emerged TelexFree scammer Sann Rodrigues fled Brazil with the aid of a lawyer and two former police officers. Rodrigues remains at large, however the attorney and one of the police officers involved were arrested back in February. The pair were released a day later and have been out on bail since. [Continue reading…]

Elysium Capital has received a securities fraud warning from Estonia’s Financial Supervisory Authority (FSA).

Two recent rulings have seen Jason and Eunjung Cardiff’s contempt appeal denied; and Jacques Poujade found to be in contempt. Redwood principals Jason and Eunjung Cardiff were found in contempt back in April. This marked the second time the Cardiffs were found in contempt. They were spared prison time owing to the COVID-19 pandemic.