Michael Force & Mary Dee cut off from Digital Altitude victim funds
Following some to and fro, the FTC’s request that Michael Force and Mary Dee be cut off from victim funds has been approved.
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$169 million awarded in Zeek Rewards net-winner judgments
In the recently filed Status Report for the Second Quarter of 2018, the Zeek Receiver has revealed $169 million has been awarded in net-winner judgments.
Myanmar bans MLM outright, affiliates face prison time
Myanmar, a nation in south-east Asia, has banned multilevel marketing completely.
Mary Dee files expenses opposition, FTC responds to both objections
Mary Dee has filed an opposition to the FTC’s request to modify the Digital Altitude preliminary injunction. The FTC has requested the court cut off Force and Dee from victim-funds, which under the current injunction sees them collecting a monthly living expense.
Is WorldVentures operating illegally in Brazil?
WorldVentures response to Rwanda declaring the company was an illegal pyramid scheme was certainly strange. Rather than prove it wasn’t a pyramid scheme, WorldVentures brushed off the ban by claiming it didn’t do business in Rwanda. This caught the attention of several Brazilian WorldVentures affiliates. Because despite Brazil not appearing on WorldVentures list of authorized [Continue reading…]
CFTC confirms iMarketsLive & Wealth Generators operated illegally
The CFTC has issued a press-release confirming iMarketsLive and Wealth Generators were ‘illegally offering forex and binary options to retail investors in the United States‘. According to the CFTC, both MLM companies failed to register their respective offering, making the businesses illegal.
SEC takes Zeek Receivership to task over excessive billing
In an attempt to dismiss their victims, a cliché trotted out whenever the government steps in and shuts down a scam is that said government will keep most of the money. What scammers don’t realize is that there are checks and balances in place to ensure this doesn’t happen, as evidenced by a recent SEC [Continue reading…]
Force demands continued access to frozen funds, blames lawyers
As of September 7th, Michael Force and Mary Dee have been paid combined living and medical expenses of $42,367 and $48,504 respectively. Citing “significant changed circumstances”, the FTC now want to stop these monthly payments – and Michael Force isn’t too happy about it.
OneCoin scammer indicted on $400 million money laundering charge
After seemingly little no progress on the regulatory front for some time, a key OneCoin insider has been indicted on a money laundering charge in the US.
$10.8 mill judgement in Sean Brown Digital Altitude settlement
Following on from news a settlement between Sean Brown and the FTC had been reached back in July, details of the settlement have now been made public.
