SEC vs. Saivian trial scheduled for March 2021
As per an order made last month, the SEC vs. Saivian trial has been scheduled for March 30th, 2021 (not a typo).
MLM @ BehindMLM
Zhunrize Receivership winds down
The Zhunrize Receiver has filed his sixteenth and final status report. A December 19th motion also seeks to close the Zhunrize Receivership and discharge the Receiver.
BitClub Network website pulled offline
As the DOJ’s investigation into BitClub Network continues, the company’s website has now gone offline. As at the time of publication, attempts to load BitClub Network’s website throw up a 522 HTTP error (connection timed out).
BitClub Network’s Russ Medlin still at large
The unsealing of the BitClub Network case docket confirms that, as of December 20th, co-founder Russ Medlin is still on the run from authorities.
Jacques Poujade denied contempt reconsideration & stay
Jacques Poujade’s attempt to reverse an order directing him to surrender money and assets has been denied.
Traffic Monsoon victim claims process approved
The Traffic Monsoon Receiver’s proposed claims process has been approved. This means we now have a set cutoff date and procedural instructions for claim filing.
Russell Whitney’s estate settles MOBE fraud with FTC
Russell Whitney’s estate has settled with the FTC. As part of the settlement, a $1,428,616 monetary judgement has been awarded.
Traffic Monsoon claims process approval sought ($114 million)
Good news for those of you who keep asking when you’ll be able to file claims, the Traffic Monsoon Receiver has sought claims process approval.
Carlos Wanzeler & Carlos Costa arrested in Brazil
After what feels like far too long, news today that TelexFree co-founders Carlos Wanzeler and Carlos Costa have been arrested in Brazil.
Karatbars lies to FSCA, regulator doesn’t care
In a stunning backflip, South Africa’s FSCA has given up on regulating Karatbars International.
