MLM @ BehindMLM

In a May 14th press-release, Dubli (trading as Ominto) has announced it will voluntarily delist itself from the Nasdaq Capital Market. The official reason for the voluntary delisting is ongoing non-compliance with regulatory filing requirements.

Citing cryptocurrency as inherently “insecure” and “volatile”, the FTC is seeking a court order requiring defendants to liquidate crypto assets held into USD. The May 11th motion was filed as part of the FTC’s case against Scott Chandler, Louis Gatto, Eric Pinkston & Thomas Dluca. The four defendants stand accused of scamming the general public [Continue reading…]

Reaction to our Dapps Global expose has been swift, with investors suspected of leaking information kicked out of secret social media groups. The company name “Dapps Global” has also been abandoned, and plans to launch an ICO postponed till October.

Evidently OneCoin investment in Sweden has resulted in a few taxation issues popping up. While the level of investment into OneCoin from Sweden as a whole isn’t known, it’s significant enough for the Swedish Taxation Authority to add a OneCoin query to its cryptocurrency taxation FAQ. The fourth question on the Swedish Tax Authority’s FAQ [Continue reading…]

One of the core problems a Ponzi points MLM cryptocurrency faces is getting their altcoin listed on a public exchange. In addition to hitching B2G to Dragon Mining Tech and several “scam within a scam” companies (Bitcoin Trading World, Crypto Mining Space, Palilula Mining etc.), Bitcoiin have been heavily touting public exchange adoption over the [Continue reading…]

In the bowels of Facebook another unregistered securities ICO offering is being prepared for launch. Today we take a look at the upcoming launch of Dapps Global and serial MLM underbelly scammers promoting it.

OneCoin investment in Samoa has set off alarm bells, prompting the Central Bank to direct financial institutions to block investment into the scheme.

Authorities in Pakistan have “unearthed a huge business racket” in Pakistan, with those involved accused of promoting several dubious MLM opportunities.

A serial scammer has been fired following revelations she tried to recruit students into dubious MLM schemes.

The FTC and Eric Pinkston have reached a preliminary injunction agreement, resulting in an agreed injunction granted on April 20th. Last month the FTC sued Pinkston for promoting and profiting off of the Bitcoin Funding Team and My7Network scams. As per the agreement, the court acknowledges that the FTC has an “ultimate likelihood of success”.