Zeek Receiver’s VictoriaBank contempt motion denied
The Zeek Rewards Receiver’s contempt motion against VictoriaBank has been denied.
MLM @ BehindMLM
Digital Altitude Receivership winding up, victims screwed
A short update note on the Digital Altitude Receiver’s website informs visitors that the Receivership is due to wind down soon. Victims of the $54 million dollar scam have also been advised they are mostly screwed.
Mark Scott likely to have bank employees testify against him
The DOJ has requested permission to present several witnesses at Mark S. Scott’s trial via CCTV. Attached to the filing is a special agent declaration, which reveals insight into evidence the DOJ will present against Scott.
Why Mark Scott wants post-arrest OneCoin interview suppressed
After his arrest on suspicion of helping OneCoin launder hundreds of millions of dollars, Mark S. Scott sat down with FBI agents for an interview. Scott alleges he was denied an attorney during the interview. He’s subsequently asked the court to suppress anything he said during it as evidence. On September 27th the DOJ clapped [Continue reading…]
Herbalife cops $20 million SEC fine for fraud in China
Following an investigation into Herbalife’s Chinese operations, the SEC has determined the company uses it’s global compensation plan across the country. As Herbalife reveals in its own SEC filings, ‘[i]n China, while direct selling is permitted, multi-level marketing is not.‘
US court agrees evidence shows OneCoin money laundering
As bits and pieces of the US DOJ case against OneCoin and its executives are unsealed, we’re getting a clearer picture of where the case is at. In a recent filing concerning potentially privileged information, a previously sealed order has revealed the New York court’s position on the DOJ’s evidence.
William Apostelos cops $11.1 million disgorgement judgment
As part of a civil case brought against him by the SEC, William Apostelos has received an $11.1 million dollar disgorgement judgment. Apostelos popped up on BehindMLM’s radar in 2014, through a review we did on Genesis Acquisition International. Turns out Genesis Acquisitions was part of a wider Ponzi scheme, which was Apostelos was busted [Continue reading…]
DOJ seeks access to potentially privileged OneCoin evidence
Pursuant to a sealed July 23rd order, the DOJ is seeking access to potentially privileged evidence.
OEA first casualty of 8 Figure Dream Lifestyle fraud lawsuit
In a September 16th court filing, Online Education Academy has advised it is “suspending its business and dissolving as soon as possible”.
London Police drop OneCoin investigation, defer to DOJ
After three years the City of London Police have revealed they’ve dropped their OneCoin investigation. The revelation was made in what appears to be a public request for a case review.
