MLM @ BehindMLM

BehindMLM first reported on an FBI investigation into BitConnect back in March, following confirmation from top-investor Trevon James. Following the disappearance of BitConnect Director John Bigatton’s wife, authorities have confirmed the FBI investigation is ongoing.

In a message provided to affiliates in their backoffice, Bitqyck has confirmed it is under federal regulatory investigation. The company doesn’t name which regulator is investigating it. Based on Bitqyck’s unregistered securities business model however, it’s safe to say it’s probably the SEC.

Thomas Dluca is one of four named defendants in a March 2018 FTC filed lawsuit. The lawsuit specifically alleges Dluca is the founder of the Bitcoin Funding Team gifting scam. He is also accused of promoting the My7Network pyramid scheme. Despite the granting of a TRO and preliminary injunction, to date Dluca has failed to [Continue reading…]

Firoz Patel’s Payza tax fraud bill has claimed to $15.2 million, following adjusted undeclared income of $26.2 million USD. Revenu Québec previously pegged Patel’s unpaid taxes at $10.8 million, however an ongoing investigation has revealed additional undeclared income.

News of the arrest of a Charles David Scoville in Utah broke last week. Given the severity of the charge, I held off on reporting the story until I had absolute confirmation it was Traffic Monsoon’s Charles Scoville. Following an unrelated June 18th filing by the Receiver, I can now confirm Charles Scoville, founder of [Continue reading…]

A new motion by the FTC has requested the currently scheduled preliminary injunction hearing for June 26th be pushed back to July. The FTC’s motion has consent from all of the named defendants, as well as the court-appointed temporary MOBE Receiver.

Last we checked on Redwood Scientific Technologies, parent company of RengaLife, they were continuing to dig themselves a deeper hole over alleged FTC Act violations. Redwood have missed multiple production deadlines, primarily relating to discovery requests by the FTC. Following a motion by the FTC to find Redwood in contempt of court, a hearing was [Continue reading…]

The FTC are looking to depose Susan Zanghi, one of three individual defendants in their case against MOBE. In an unusual turn of events, prior to Zanghi’s deposition the FTC have filed an emergency motion to unfreeze $5000. The requested funds are to pay for limited legal representation at Zanghi’s deposition.

Rather than clear his name with evidence he isn’t a serial scammer, Frank Calabro Jr. has agreed to stop committing securities fraud in North Carolina.

One of the assets attributed to Scoville’s use of Traffic Monsoon investor funds is a £290,000 flat and parking space in Manchester, UK. The use of investor funds to purchase the property in 2015 means the asset belongs to the Traffic Monsoon Receivership estate. The Receiver has keys to the property but was unable to file [Continue reading…]