MLM @ BehindMLM

$680K final judgment in Nutra Pharma’s SEC fraud case

The SEC has secured a $680,235.05 final judgment against Nutra Pharma. Nutra Pharma’s final judgment is made up of:


Forcount’s Boris CEO pleads guilty to wire fraud

Forcount’s Nestor Nunez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Nunez on December 6th, 2022.


Forcount’s Antonia Hernandez pleads guilty to wire fraud

Forcount promoter Antonia Perez Hernandez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Hernandez on December 6th, 2022.


QZ Asset Management sued by SEC for securities fraud

The SEC has filed charges against the collapsed QZ Asset Management Ponzi scheme. The SEC’s Complaint, filed in South Dakota on August 26th, names QZ Global Limited, QZ Asset Management Limited and Blake Yeung Pu Lei as defendants.


Top TVI Express scammer’s assets seized in South Africa

A top TVI Express scammer has had their assets frozen in South Africa. Describing TVI Express as “South Africa’s biggest pyramid scheme”, the High Court in Johannesburg has ordered the estate of Adelaide Musa Duma “provisionally sequestrated”.


MBI International’s Tedy Teow extradited to China

Tedy Teow Wooi Huat (aka Zhang Yufa) pops up in the news every few years. The charges get bigger and how much Teow is reported to have stolen increases. Following approval of Teow’s extradition in January 2023, he was finally extradited from Thailand on August 20th.


FBI seeking USI-Tech victim information

The FBI is seeking information from USI-Tech Ponzi victims. A questionnaire published on the FBI’s website “is seeking to identify potential victims of USI-Tech”.


Family First Life cease and desist pending in Oklahoma

An investigation by Oklahoma’s Department of Securities resulted in a recommendation Family First Life be issued with a cease and desist.


Bavarsis securities fraud warning from Australia

Bavarsis has received a securities fraud warning from Australia. As per the Australian Securities and Investment Commission’s August 22nd warning, Bavarsis


Auratus Gold securities fraud warning from Australia

Auratus Gold has received a securities fraud warning from Australia. As per the Australian Securities and Investment Commission’s August 22nd warning, Auratus Gold