MLM @ BehindMLM

A few weeks back I came across news that the Pakistan SEC had shut down ‘at least nine companies dealing in cryptocurrencies and offering Ponzi/MLM, referral marketing, pyramid business/schemes‘. Although this was MLM related news, I didn’t recognize any of the company names and so left it at that. A reader has now informed me [Continue reading…]

GTI-Net lost its appeal against an investment fraud warning issued by Belgium’s Financial Services and Markets Authority (FSMA). The company responded by “shutting down”, only to reboot itself with a new name and website.

With the clocking ticking down towards her TelexFree trial, now news that Faith Sloan has reached a settlement with the SEC.

Two OneCoin promoters have been arrested in Singapore, on the charges related to “pyramid selling”.

Years of Ponzi scamming through OneCoin is catching up with scammers. Following news of €400,000 in tax fraud in Romania, now OneCoin affiliates are being arrested in Finland for the same crime.

Rolling coverage of Devide by the Swedish publication Sydsvenskan has enraged the company, prompting a protest and complaint with the Press Ombudsman.

In a March 27th filing, the SEC has moved to voluntarily dismiss two claims of securities fraud against TelexFree defendant Faith Sloan.

Payza, one of the three parties the Zeek Receiver is pursuing over a $13.1 million clawback, has agreed to a consent judgment for the full amount owed.

Following detainment after his arrest in California, OneCoin’s Konstantin Ignatov has been transferred to New York.

Following on from the collapse of Farm Bank in 2018 and subsequent investigation, authorities have indicted multiple suspects in the case.