MLM @ BehindMLM

The SEC filed its lawsuit against Traffic Monsoon and owner Charles Scoville in July 2016. To date Scoville has failed to file a response to the suit, prompting the SEC to request an entry of default.

The DOJ has filed David R. Pike’s superseding indictment, detailing four instances of fraud. Last November news of David Pike’s arrest in August 2018 emerged. The DOJ put off filing Pike’s indictment, owing to the possibility of additional charges. Not sure if Pike’s initial indictment was ever filed, but the latest is a February 6th [Continue reading…]

Neora has moved to dismiss the FTC’s pyramid scheme lawsuit against it. The company argues the FTC’s lawsuit should be dismissed, owing to it filing a “duplicative” lawsuit first in Illinois. In the alternative, Neora wants the FTC’s New Jersey lawsuit moved to Illinois or Texas.

In his filed Memorandum in support of post-trial motions, Mark Scott’s attorney claims Scott was ignorant of Gilbert Armenta’s conduct. He also insists the DOJ failed to provide sufficient evidence of money laundering, despite a jury convicting Scott on all counts.

Jason and Eungung Cardiff are challenging a previously granted preliminary injunction. The injunction is part of the FTC’s case against Redwood Scientific Technologies, which the Cardiff’s own.

The Hamburg Regional Court in Germany has banned promotion and distribution of Arego Life’s Adapt X.1 supplement. The ban applies to a Arego Life distributor defendant, and came into effect following an injunction issued on January 21st.

Rather than front up to court and fight a lost cause, DFRF Enterprises defendant Jeffrey Feldman has settled. Feldman, a previously convicted felon, was one of five DFRF Enterprises sued by the SEC back in 2015. He was the front man for the company’s non-existent Ponzi insurance claims.

Spain’s CNMV financial regulator has issued an investment warning against F2 Trading Corp.

A third Samoan church has been implicated in promotion of the OneCoin Ponzi scheme. Previously the Samoan Seventh Day Adventist Church and Worship Center Christian Church came under fire for funneling their congregations into OneCoin. Both churches were also implicated in money laundering, following Samoa’s ban on OneCoin investment. Now the Samoa Worship Center in [Continue reading…]

Unfortunately the sentencing of OneCoin money launderer Mark Scott has been pushed back, again. At the conclusion of Scott’s trial, at which he was found guilty, sentenching was scheduled for February 21st. That was then delayed till sometime after February 24th.