MLM @ BehindMLM

The British Columbia Securities Commission has published reasoning behind its decision to extend a temporary order. The order, issued on November 16th, 2023, prohibits promotion of GSPartners’ “MetaCertificates” unregistered securities offering. Specific breaches of British Columbia law cited by the BCSC included: illegal distribution of securities; illegal trading of securities; prohibited representations; and fraud In [Continue reading…]

Terrence Pounds has been sentenced to 94 months in prison for COVID-19 loan fraud. Pounds, who orchestrated the multi-million dollar fraud scheme, will also have to pay back $4.2 million in restitution.

Brazil’s Supreme Court has approved the extradition of BitRobot admin  Laurent Myriam Claude Barthelemy. Barthelemy was arrested in Brazil on an international arrest warrant request by Belgium in April 2023.

Irina Dilkinska, OneCoin’s former Head of Legal and Compliance, has been sentenced to four years in prison.

Jury selection for the SEC’s MyNyloxin trial was supposed to kick off on March 25th. Instead on March 7th, a Joint Motion was filed requesting the pending trial. The basis for the request was a reached settlement. On March 8th the Joint Motion was granted, requesting the parties file a Status Report or Stipulation of [Continue reading…]

The FDA has issued a second consumer warning pertaining to undeclared ingredients in Govvi’s WOW! supplement. Testing of an additional sample of WOW! revealed undeclared DMHA. The sample also contained DMAA, which the FDA issued a warning about last December.

YEM Foundation is under investigation by Germany’s BaFin regulator. As part of BaFin’s ongoing regulation, a YEM Foundation securities fraud warning was issued on March 22nd, 2024.

Indian authorities have seized ₹4.3 billion in cryptocurrency, gold and cash ($51.9 million USD). As reported by The Hindu on April 1st, the assets are tied to BitConnect’s “Divyesh Darji and others”.

Coenraad Botha has been fined R216 million ($11.3 million USD) by South Africa’s Financial Sector Conduct Authority (FSCA). Botha, a licensed lawyer in South Africa, has also been disbarred for ten years.

InvesableAI and the scammers behind it are under investigation in Singapore. As reported by the Straits Times on March 24th;