MLM @ BehindMLM

Horizok has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s May 5th warning, Horizok exhibits “signs of a financial pyramid”.

The Blockchain Era has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). As per ASIC’s April 23rd warning, Xera

Xera has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). As per ASIC’s April 23rd warning, Xera

Coverage of ongoing clawback litigation against Mirror Trading International Ponzi scammers has seen Maxtra Technologies threaten legal action.

Billionico has blocked Texas residents following its inclusion in a securities fraud order.

Billionico is dead in the water following a securities fraud cease and desist from Texas. As part of the Texas State Securities Board’s April 22nd order, Auratus was cited as an associated company tied to Terry Lee and a Hong Kong shell company. Other companies TSSB associated with Auratus include Primus Liquidity Holding (Marshall Islands), [Continue reading…]

Polish Traffic Monsoon scammer Piotr Chajkowski has settled clawback proceedings against him. In an April 10th filing, the Traffic Monsoon Receiver confirmed “the amount of $1,027,236.58, has been fully satisfied by payment of the full Settlement Amount”.

On the same day he was arrested, William Morro was arraigned before a Judge. At his arraignment Morro pled guilty to one count of conspiracy to commit bank fraud.

William Morro has been arrested on OneCoin money laundering charges. As per an April 23rd superseding indictment charging Morro with bank fraud;

Serial Ponzi promoter Shelley Cullen has been convicted of five violations of New Zealand’s Fair Trading Act. Cullen, who once declared she wanted to be “one of the biggest scammers in NZ”, is facing a fine of up to $600,000 NZD per violation.