MLM @ BehindMLM

Spain’s National Securities Market Commission has added FXTrading Corp to its list of illegally operating companies.

The National Bank of Slovakiahas issued investment fraud warnings against Skyway Capital and Five Winds.

Of the scammers behind the Zhunrize Ponzi scheme, only Todd Spencer remains as an active defendant. Spencer was sued by the Zhunrize Receiver, as part of a $2.8 million clawback lawsuit filed against Vodaware. Through Vodaware, Spencer is believed to have received upwards of $350,000 in stolen Zhunrize investor funds. In a Status Report filed [Continue reading…]

QNet has come under fire in India, following an investigation into unpaid commissions owed to more than 200,000 affiliates.

Eric Pinkston’s lawyers have had enough and want out. Unfortunately for them though Pinkston doesn’t appear to have consented, meaning his lawyers are stuck until replacement representation has been found.

Whereas regulation of the MLM sector came mostly to a standstill thanks to Trump’s shutdown, in some corners government employees are still active. One such corner is the Washington state AG’s Office, who are suing LuLaRoe for being a pyramid scheme.

Following an almost two year wait, earlier today a decision on Charles Scoville’s Traffic Monsoon Ponzi appeal was published. In a decision that positively nobody could have predicted, the Tenth Circuit appeals court has denied the Traffic Monsoon appeal.

A court transcript has provided the clearest picture of the ongoing international investigation into OneCoin yet.

Faith Sloan, the last remaining TelexFree defendant, was scheduled to face trial on February 11th. The SEC allege Sloan stole over a million dollars from TelexFree victims. Unfortunately due to Donald Trump’s ongoing government shutdown, Sloan’s trial has now been delayed until the end of March.

Payza co-founder Firoz Patel has pleaded not guilty to charges relating to money laundering. Patel also entered a plea of not guilty on behalf of Payza’s parent company, MH Pillars.