MLM @ BehindMLM

OakSmart has received a securities fraud desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s December 2nd issued order;

Marcus Todd Brisco, a resident of Hawaii has settled SAEG fraud charges with the CFTC. SAEG was a Ponzi scheme tied to The Traders Domain, through which a number of MLM Ponzi schemes, among them OmegaPro, are believed to have been funneled into. Brisco, working with co-defendant Michael Shannon Sims, helped launder SAEG invested funds [Continue reading…]

StableDAO board member Nicholas Hofgren, aka Nick Hofgren, has been banned from holding executive positions in Guernsey. Specifically and for a period of fourteen years, in November 2022 the Guernsey Financial Services Commission prohibited Hofgren

The CFTC has been given permission to serve several The Traders Domain defendants via alternate service.

Eaconomy has received a securities fraud warning from the Czech National Bank (CNB). As per the CNB’s November 11th, 2024 warning;

Eaconomy has received a securities fraud warning from the UK’s Financial Conduct Authority (FCA). As per the FCA’s November 25th, 2024 warning;

Indian authorities have raided the home of Gaurav Mehta, an audit company employee. The Central Bureau of Investigation has also issued a summons for Mehta.

The CFTC is reaching out directly to victims of The Traders Domain Ponzi scheme. The federal regulator published a “confidential customer survey” on November 14th, which it claims will “provide [the] CFTC with pertinent information on this case.”

Cannerald, aka CannerGrow, has received a securities fraud warning from Germany’s BaFin. As per BaFin’s October 14th warning, Cannerald AG is under “suspicion of public offering of profit participation certificates without required securities information sheet”. BaFin’s wording is a bit janky but this is the equivalent of a securities fraud warning in other jurisdictions.

Indian authorities in Thane have made several arrests related to the Oris Team Ponzi scheme. As reported by Maharashtra Mirror on November 19th;