MLM @ BehindMLM

When news broke that the US face of the Eagle Gates Group Ponzi scheme had been arrested, it was assumed to be the actor that played CEO Eddy McClough. Thai authorities arrested Derrick Matthew Keller on Monday, August 20th, 2018. Keller, a Texas resident, was presented as the western face of the company. While he [Continue reading…]

The Samoan Seventh Day Adventist Church in New Zealand has come under fire, for allegedly laundering millions of dollars through the OneCoin Ponzi scheme.

Following the SEC filing for default judgment back in February, a $17.8 million final judgment has been made against DFRF Enterprises. Heriberto Perez Valdes, an individual defendant in the case, also received a separate $1.2 million judgment.

Following withdrawal of Richard Maike’s attorney back in April, he was given thirty days to find new counsel. Maike is a named defendant in the DOJ’s Infinity2Global criminal case, which is scheduled to go to trial on July 22nd. In a new motion filed on June 10th, Maike advises the court he’s found a new [Continue reading…]

A defendant in the FTC’s case against Redwood Scientific Technologies has agreed to a permanent injunction and suspended monetary judgment.

It appears the FTC’s fraud case against Thomas Dluca, Louis Gatto, Eric Pinkston and Scott Chandler may have been settled. On May 24th a Settlement Conference was scheduled for June 4th. “All parties” were required to attendance the conference, which ran as scheduled.

Following claims Global Capital AG had approval of the Cambodian government to run a Ponzi scheme, Cambodian authorities have arrested co-founder Darren Yaw and his wife.

The Italian financial regulator CONSOB has temporarily suspended promotion of LiraCoin Club in Italy. In a published May 29th bulletin, CONSOB states LiraCoin Club’s MLM opportunity constitutes an investment proposal.

As part of a consumer protection ruling in Austria, Lyoness has been ordered to compensate victims with interest. The ruling covers Lyoness victim losses on investments made between 2007 to 2009 and in 2012.

As part of its legitimacy ruse, the World Way Capital Ponzi scheme pretended to have regulatory approval in Canada. In response to these claims, the Bank of Canada has issued a press-release confirming World Way Capital is a “fraudulent investment scheme”.