MLM @ BehindMLM

Following settlement of fraud charges related to operation of multiple MLM Ponzi schemes, monetary relief has been ordered against defendants Dan Putnam and Jean Paul Ramirez Rico.

Angel Rodriguez has settles a $12 million fraud case filed against him by the SEC. On September 5th, 2024, the court issued a final judgment at the request of the SEC. Rodriguez consented to the motion, constituting an effective settlement.

Mining Capital Coin’ Luiz Carlos Capuci is in a bit of a pickle. Due to parallel criminal proceedings kicking off in Brazil, Capuci claims he is unable to pay US lawyers representing him in an SEC fraud case.

Following a settlement reached with US states earlier this month, AlixPartners has set up a website to process victim claims.

While BitConnect promoter Michael Noble settled the SEC’s fraud allegations against him in 2021, disgorgement, interest and civil penalty amounts remain disputed. Seeking to finalize these amounts, the SEC filed a motion seeking monetary relief against Noble on September 16th.

Francisco Story has settled SAEG Ponzi charges with the CFTC for $125,000. The CFTC filed suit against Story in January 2023 over his participation in the collapsed SAEG Ponzi scheme.

Following certificates of default entered against Craig Grant and Trevon James in late August, the SEC has filed proposed orders against the BitConnect Ponzi promoters.

Michael Shannon Sims, aka Mike Sims, has settled SAEG Ponzi charges with the CFTC for $250,000.

Charles Joseph Garis Jr. has settled Blueprint to Wealth fraud charges with the FTC. As part of his filed September 13th settlement, Garis Jr. consented to a $567,313 monetary judgment. Based on sworn financial statements provided to the FTC by Garis Jr., the parties have agreed to a reduced $100,000 suspended judgment.

iX Global scammer Viraj Patil managed to convince a Judge in Kolkata to grant him interim bail. Upon release, Nagpur’s Economic Offenses Wing immediately arrested Patil and threw him back in prison.