Final Judgment ruled against TelexFree in SEC case
All but cementing any doubt it wasn’t a $3.6 billion dollar Ponzi scheme, on September 28th Judge Gorton ordered Final Judgment against TelexFree and TelexFree LLC.
MLM @ BehindMLM
KashhCoin founder Asif Malkani arrested after a year on the run
Following the collapse of KashhCoin in late 2017, founder Asif Ashraf Malkani withdrew what he’d stolen and went into hiding. Complaints from KashhCoin investors after the collapse prompted an investigation by Indian authorities. That investigation lead to the arrest of one of Malkani’s accomplices. Malkani however remained at large, until his recent arrest in New Delhi.
Richard Maike trying to delay Infinity2Global trial, DOJ allege
Richard Maike and Richard Anzalone have filed motions to continue the Infinity2Global criminal trial. The trial is currently scheduled for January 7th, 2019. The DOJ has opposed the motion and argues that the defendants are trying to delay trial.
Infinity2Global public webinar evidence not an illegal wiretap
Back in early August, Richard Maike filed a motion arguing the DOJ’s use of public webinars constituted an illegal wiretap. The court has rejected Maike’s arguments and dismissed the motion.
Mary Dee & FTC settlement advances, Michael Force “not interested”
Having failed to negotiate a settlement between themselves, defendant Mary Dee and the FTC have filed a joint settlement conference motion.
Net Leaders & DasCoin under criminal investigation in Poland
The District Public Prosecutor’s Office in Warsaw has confirmed a criminal investigation into the DasCoin Ponzi scheme.
USFIA Receiver to hold claims meeting for investor victims
Still stalling about filing your USFIA victim claim? Got questions you need answered in person? Well, you’re in luck.
Uganda struggling with MLM cryptocurrency fraud
It’s no secret that Africa is a hotbed of MLM cryptocurrency fraud. Perpetrators, primarily from the US and Europe, have no scruples when it comes to targeting and exploiting uneducated (and often poor) investors in Africa. On an almost daily basis BehindMLM receives emails from people with distinctly African names. More often than not they’re [Continue reading…]
Munafa Network Marketing losses pegged at $86.8 million
Since our last update on Munafa Network Marketing in May, Pakistani authorities have arrested an addition thirty-four suspects. As of May 2018, authorities had arrested five suspects. Further investigation has revealed Munafa Network Marketing was spearheaded by over 271 primary promoters.
Craig Grant receives BitConnect phone call from SEC
Top BitConnect promoter Craig Grant has confirmed he received a phone call from the SEC on September 26th.
