MLM @ BehindMLM

Andreas Szakacs, co-founder of the OmegaPro Ponzi scheme, appears to have been arrested in Turkey.

Alex Dee has pled guilty to one count of conspiracy to commit wire fraud. Dee’s guilty plea was entered on July 30th. Sentencing, including restitution is to be scheduled at a later date.

A July 23rd court order has approved a proposed plan of distribution filed by the Traffic Monsoon Receiver. Unfortunately there is still no timeline for distribution payments to Traffic Monsoon victims with allowed claims.

US Judge Jesus Bernal has given Jason Cardiff permission to flee travel to Ireland.

MyChargeback (aka “MyChargeback.com”), is part of a series of recovery scam websites tied to Cactil LLC. On or around June 25th the FBI, working with the DOJ, seized MyChargeBack’s website:

On July 22nd Jason Cardiff filed an ex parte motion requesting permission to travel to Ireland. According to Cardiff, his wife Eunjung recently “suffered a medical issue” in Slovakia. On July 20, 2024, Mr. Cardiff reported that his wife suffered a medical issue while she was in Slovakia. Mr. Cardiff reported that Mrs. Cardiff intends [Continue reading…]

Early on in their since dismissed case the SEC flagged concerns about Debt Box’s owners fleeing to Dubai. Now those concerns have been realized, along with what appears to be an attempted $400 million exit-scam.

The Capital Markets Tribunal has ruled NovaTech FX committed securities fraud in Ontario. Following analysis of evidence submitted by the Ontario Securities Commission (OSC), CMT published its findings on July 22nd, 2024.

Following years of delays, there is finally some movement on the SEC’s BitConnect promoter case.

The SAEG Receiver has accepted 211 victim claims totalling $57,715,542. Of the accepted claims, 160 were for the amount submitted. 51 claims have been accepted with a reduced claim amount totalling $13.2 million.