MLM @ BehindMLM

Jason Cardiff’s failure to the return the US has resulted in forfeiture of his bail. Following his arrest in November 2023, Cardiff was granted release on a $530,000 bond. Cardiff’s bail was secured by $500,000 through a property owned by Lilia Murphy; and $30,000 in cash paid by Brian Kennedy. Both Murphy and Kennedy submitted [Continue reading…]

One thousand five hundred and one GSPartners victim claims have been filed as of March 13th. Of the claims filed, Secretary of State Brad Raffensperger asserts one hundred twenty one are from Georgia investors.

Pursuant to a granted seizure warrant on January 31st, 2025, the DOJ has moved to seize 119.65 bitcoin from Juan Carlos Reynoso. Reynoso is a serial promoter of MLM Ponzi schemes but, as of yet, details surrounding the case tied to the seizure are unclear. Here’s what we do know:

Texas has pulled out of the GSB settlement, citing multiple alleged violations of the reached agreement by GSB and owner Josip Heit. I won’t absolve Mr. Heit of his latest frauds. The term sheet has been myriad violated by your clients, those that still exist. Let’s litigate and see if you can look in a [Continue reading…]

Twenty-eight QNet scammers have been arrested in Nigeria. Citing QNet as a Ponzi scheme, Nigeria’s Economic and Financial Crimes Commission (EFCC), arrested the suspects on or around March 10th.

South Africa’s courts have beaten the Hawks to the punch. Mirror Trading International suspected owner and confirmed primary beneficiary, Clynton Marks, has been arrested for contempt of court.

Quintessential Business Network (QBN) has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). As per the CNMV’s February 25th warning;

UbitEx has received a securities fraud warning from France’s Autorite des Marches Financiers (AMF). As per the AMF’s February 13th, 2025 warning, Ubitex is “blacklisted by the AMF because it offers financial services or products without being authorized”.

An associate of DAO1’s Alexandru Nicolae Bodi (aka Alex Bodi), has been arrested in Romania. Late last year Horatiu Potra was “arrested for allegedly planning to instigate unrest in Romania.”

The SEC has dropped Oscar Garcia from its ongoing Batched investigation.