MLM @ BehindMLM

Following an internal investigation into WorldVentures by Rwandan authorities, yesterday the Rwanda Development Board issued a pyramid scheme warning to the public.

The leading theory behind BitConnect is that it was run by Indian scammers looking to launder funds, following devaluation of specific banknotes in late 2016. This theory is increasingly looking probable, following a request to Indian authorities by their US counterparts.

Rather than accept an August 8th ruling denying them $6.3 million in stolen MOBE victim funds, Qualpay and Synovus Bank have filed an appeal. The previously granted TRO directed MOBE’s bank and payment processors to turn over any funds related to the business to the Receivership.

Following MOBE insiders Russell Whitney and Susan Zanghi consenting to preliminary injunctions, a preliminary injunction has been granted against MOBE and owner Matt Lloyd McPhee.

The Green Life Corporation, Oriflame and Unicity have been fined by Vietnamese regulators. The fines were handed down following an investigation that revealed the three companies were violating Vietnamese MLM regulations.

As their Questra World Ponzi collapsed, the scammers behind it and Atlantic Global Asset Management launched Five Winds Asset Management. Despite the arrest of founder Pavel Krymov and active criminal investigations in Russia and Kazakhstan, recruitment of gullible investors into Five Winds shows no signs of slowing down. At the time of publication Alexa cite [Continue reading…]

A Fourteenth Status Report has been filed by the Zhunrize Receiver, revealing that the victim claim process will wrap up this quarter.

A bail application has surfaced, suggesting LEO President and CEO Dan Andersson may have been arrested in Pakistan. The writ petition in question was filed on July 11th by Dan Gunnar Bjarne Andersson. A hearing was held on August 13th and the case has been adjourned until August 27th, with no further specific details provided.

Update June 15th 2019 – Following publication of this article, it has come to light that while Derrick Keller appeared in Eagle Gates Group marketing videos, he didn’t play Eddy McClough. The actor who played Eddy McClough is still at large. /end update   Eagle Gates Group CEO “Eddy McClough” has been outed as Derrick Matthew [Continue reading…]

If you need a prime example of the incestual slime that oils the MLM underbelly, look no further than iMarketsLive’s recently filed lawsuit against Copy Profit Success Global.