MLM @ BehindMLM

As of a Status Report filed by the FTC on August 7th, discovery provided by Digital Altitude, Michael Force and Mary Dee is riddled with “glaring omissions and inadequacies.”

Things are getting serious for BitConnect’s top promoters, as “Crypto Clover” found out upon returning to the US. Crypto Clover (real name: Calen Powell), promoted BitConnect through his YouTube channel until it collapsed. How much money Powell stole from BitConnect victims is unclear. Powell refers to himself as a “crypto nomad”, having sold most of his assets [Continue reading…]

One of the common rebuttals we see to Lyoness’ Ponzi scheme is the cashback side of the business. Originally offered through Lyoness itself, the cashback scheme was rebranded as CashBack World last year. Following the Gaming Board’s decision to ban and then uphold Lyoness’ ban in Norway, the company has filed a second appeal. In [Continue reading…]

After just over two years of vowing to clear his name and prove Traffic Monsoon wasn’t a Ponzi scheme, Charles Scoville has entered into settlement negotiations with the SEC.

Last we checked in, Redwood Scientific Technologies was facing fines of $5000 a day for non-compliance with an FTC investigation. Redwood Scientific Technologies is the parent company of the now defunct RengaLife MLM opportunity. On July 13th the FTC filed a Status Report regarding a database Redwood provided in June. The FTC allege information crucial [Continue reading…]

Following non-payment to investors, Taiwan’s Ministry of Justice have opened a criminal investigation into Argyll Technologies.

Following denial of his motion to dismiss, Santiago De La Rosa entered settlement negotiations with the SEC and TelexFree Trustee. Those negotiations lead to a proposed settlement, which was approved by the court on July 31st.

As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%). This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning.

Top BitConnect investor Craig Grant uploaded a YouTube video a few hours ago, in which he confirms an SEC investigation into the company is underway.

The DOJ has filed a superseding indictment against all seven Infinity2Global defendants on July 11th. A superseding indictment replaces an existing indictment and is filed either due to legal defect or grand jury irregularity.