MLM @ BehindMLM

Last July former top earner Michael Gehart filed a lawsuit against Visalus. Gehart alleged Visalus was an “illegal pyramid scheme”. He also the claimed the company ran a secret Amazon retail racket, effectively giving Gehart an unfair advantage over other Visalus affiliates. In early 2017 Visalus took control of the Amazon racket, prompting Gehart to [Continue reading…]

A securities fraud cease and desist that closely ties into Bitqyck has been issued in Texas. Bitqyck was launched in early 2017 by co-founders Bruce Bise and Samuel (Sam) Mendez. They were joined by Mark Steven Royer shortly after launch. The Texas Securities Board refers to Bise as “a white collar criminal”. Mendez is a [Continue reading…]

The good news TelexFree victims waiting for an update on allowed claims is you’re one step closer to distribution. The bad news is the latest update means payments probably won’t be going out this year.

Top Italian financial regulator CONSOB has issued a cease and desist against Eagle Bit Trade.

As part of their civil TelexFree case, on October 4th and November 5th the SEC deposed Faith Sloan. Whereas Sloan certainly isn’t the first prominent MLM underbelly figure to be deposed, what makes this deposition unique is that the SEC has made the entire transcript public. Sloan’s deposition provides revealing insight into the mind of [Continue reading…]

What kind of MLM marketer is Faith Sloan? According to the SEC she’s one that has participated in at least nine multi-level marketing programs (including TelexFree) in which a promoter recruits other promoters and is compensated according to the number of persons recruited. Yep. The SEC just publicly slammed Faith Sloan for serial scamming the public [Continue reading…]

The regulatory noose around Ruja Ignatova’s neck has tightened even further, following the arrest of Sebastian Greenwood. We all seem to have slept on the news, which was reported in a throwaway paragraph by the Bangkok Post on November 5th.

From the sounds of it, Pro HealthyWayz was your typical MLM autoship recruitment scheme. Following the duping of 40,000 affiliates for just over $4 million two years ago, an investigation by Indian authorities was launched. That investigation has now led to the arrest of nine ringleaders behind the scheme.

Brief updates on the FTC’s Digital Altitude lawsuit; the FTC’s motion for a final order with respect to default judgment against Digital Altitude has been taken under submission Mary Dee and the FTC have reached a yet to be approved settlement the Digital Altitude Receiver has filed his Third Interim Report More details on each [Continue reading…]

While they’ve managed to succeed in having Chandler turn over his acquired bitcoin, the FTC’s contempt motion has been denied. The FTC’s show cause contempt motion stemmed from Chandler initially refusing to turn over his bitcoin, as required by a previously granted preliminary injunction.