MLM @ BehindMLM

Several interesting developments in the FTC’s case against Digital Altitude have arisen over the past few weeks. On July 26th Judge Kronstadt issued several orders regarding the developments, which we’ll dive into below.

State state of Daniel Filho’s mental health has been dragging on for some time. Last we checked in was just under a year ago, wherein a motion requesting the appointment of a Receivership was denied. At issue was Filho not being convicted of a crime, which is technically true. Despite being indicted in 2015, Filho’s [Continue reading…]

Cloud mining company Genesis Mining found itself the recipient of a securities fraud cease and desist, as part of South Carolina’s crackdown on Swiss Gold Global. Despite indicating they wouldn’t be challenging the notice, information was nonetheless submitted to the South Carolina Securities Division. Based on this information, Genesis Mining’s cease and desist has been [Continue reading…]

Insight into how OneCoin seemingly manage to keep one step ahead of authorities has surfaced, courtesy of a District Court judgment in Germany. The case involved a government tax official facing allegations he tipped off a friend about a money laundering investigation.

A District Court in the Ostrobothnia region of Finland has approved the seizure of €179,000 EUR. The order was made against a Finnish OneCoin affiliate, who is a suspect in a criminal case related to tax fraud.

Owing the amount of litigation WorldVentures has recently filed, we’ve published a number of articles featuring the company this week. Perhaps one unintended consequence of WorldVentures’ legal filings is disclosure as to how much it currently owes affiliates. I’ve been hearing rumors that WorldVentures is behind on commission payments for some time now. But up [Continue reading…]

A Joint Status Report filed by the FTC on July 20th, has revealed settlement negotiations between Digital Altitude, Michael Force, Mary Dee and the FTC have broken down.

Things have been pretty quiet over at Skyway Capital, following a regulatory warning issued by Estonia in June 2017. Russia remains Skyway Capital’s primary source of investment revenue, however New Zealand could be emerging as a fresh source of victims to dupe. On July 12 New Zealand’s Financial Markets Authority issued a Skyway Capital “suspected [Continue reading…]

Following criminal charges being filed against Teddy Teow back in May, promotion of the MBI International Ponzi scheme appears to have shifted to New Zealand. This has attracted the attention of the Financial Markets Authority, who yesterday issued an “unregistered business” warning.

Following no response from BitConnect, a cease and desist issued against the company by North Carolina has been ordered permanent.