MLM @ BehindMLM

The FTC has issued a second COVID-19 warning to major players in the MLM industry. This time around the regulator is citing examples of marketing fraud from Youngevity, Melaleuca, Isagenix, Juice Plus+, Plexus Worldwide and Vivri.

The SEC has filed a federal fraud lawsuit against Daniel F. Putnam, Jean Paul Ramirez Rico and Angel A. Rodriguez. The SEC alleges the defendants defrauded consumers out of at least $12 million through cryptocurrency securities fraud.

Crowd1 has been identified as a “pyramid scam” by Gabon’s Ministry of Economy and Finance.

MOBE’s payment processor QualPay has settled fraud charges with the FTC. The settlement includes a $46.7 million dollar suspended monetary judgment.

TelexFree Brazil co-owners Carlos Wanzeler and Carlos Costa have been sentenced to twelve and a half years in prison. The pair have also been fined R$1 million ($183,698 USD) each.

A report from Morning News Direct Sales alleges that Jeunesse products worth 1.5 billion yuan were seized on May 19th. The haul equates to $210 million dollars in seized inventory, and is the second largest seizure of Jeunesse products to date.

Crypto help by the 8 Figure Lifestyle Dream defendants will be liquidated at the current market rate. A preliminary injunction granted last July froze the assets of John Bain, Alex Dee, Brian Kaplan and Jerrold Maurer. The above defendants ran the 8 Figure Dream Lifestyle gifting scheme. Last June the the FTC sued Bain, Dee, [Continue reading…]

Mauritius’ Financial Service Commission has issued a securities fraud warning against Crowd1.

An investigation into Unaico executives in Pakistan has progressed to the arrest phase. The National Accountability Bureau is investigating Unaico CEO Dan Andersson and Atif Kamran. The investigation examined the allegation that Anderson and Kamran, through Unaico, caused Rs. 190 million ($1.1 million USD) in losses.

Just over a week ago the TelexFree Trustee announced he was working on a Plan of Liquidation for filing. On May 6th the plan was filed, revealing what TelexFree victims can expect recovery wise.