MLM @ BehindMLM

Just under two weeks ago BehindMLM called out the TelexFree Trustee for failing to communicate with victims. Today the Trustee has finally provided an update on parallel IRS proceedings and distribution payments.

Thai authorities have arrested twenty one suspects in connection to the Eagle Gates Group Ponzi scheme. The latest arrests follow that of two suspects over two years ago.

Individually and through their D&L Trust, Linda and David Hackett stole over $1.2 million dollars from TelexFree victims. Over four years since clawback proceedings were filed against them, the Hacketts have settled with the TelexFree Trustee.

The FTC has warned ten MLM companies over false COVID-19 marketing claims. Claims made by the companies and their distributors specifically pertain to preventing and treatment of COVID-19. Warning letters were sent out by the FTC to the following MLM companies on April 24th:

A previously ordered stay on BitClub Network criminal proceedings has been extended through to May 30th.

The Zeek Rewards Receiver has provided an update on last partial distribution payments. In his April 20th update, the Receiver states:

The CFTC has dropped their case against Control Finance. On April 6th the court accepted the FTC’s motion to voluntarily dismiss Control Finance as a defendant.

Although claim dispute filings continue to clog the TelexFree case docket, litigation between the Trustee and IRS is likely the reason no claim distributions have gone out. We’ve known about the IRS’ claims against the Trustee for a while, but today is the first time we examine the case and what it potentially means for [Continue reading…]

From time to time I run a few searches to check up on our cast of characters. Last night I came across an interesting search result. Turns out Montana served Nui a securities fraud cease and desist last September. In hindsight, this goes a long way to explain Darren Olayan’s subsequent disappearance and the whole [Continue reading…]

BitClub Network scammer Joby Weeks has filed another emergency release motion. Among others, Weeks’ motion is addressed to President Trump, Vice President Mike Pence, “All the Supreme Court Justices”, William Barr (US AG), and New Jersey Senators Corey Booker and Robert Menendez.