MLM @ BehindMLM

An iX Global promoter has been arrested in Wardha, a city in the Indian state of Maharashtra. Following an EOW Nagpur investigation, Preeti Nilesh Raut stands accused of stealing Rs. 25.9 million through iX Global (~$309,000 USD).

Australian BitConnect scammer John Bigatton has avoided prison. Following a guilty plea in May, Bigatton faced up to forty-seven years in prison. On July 15th, Bigatton was convicted but “released on a recognisance to be of good behaviour for three years.”

After stealing millions from consumers through cryptocurrency Ponzi schemes, and allegedly aware of federal investigations into him, HyperFund’s Rodney Burton believed he was above the law. As part of that process, Burton fell down a sovereign citizen rabbit hole. Upon his arrest at a Florida airport back in January, US authorities seized a “27-page packet [Continue reading…]

HyperFund Ponzi promoter Rodney Burton was arrested en route to Dubai back in January. Since then Burton has been in custody pending the outcome of him criminal case. On June 16th, Burton filed a motion requesting a review of his detention. Burton’s motion was denied on July 9th.

Verdicts against EXW Wallet defendants, including co-founder Ben Herzog, were expected to be handed down this month. Austrian authorities have now made new filings in the criminal case, delaying verdicts to at least September.

Media reports from the Netherlands and Belgium have confirmed the identity of the arrested Nano Club Ponzi scammer in Spain. Citing the suspect as “Stijn V.”, multiple reports have confirmed Vanstraelen’s age and former professional cycling career.

iGenius has recently expanded its unregistered trading offering through CoinRule.

Spanish authorities have arrested the ringleader behind the Nano Club Ponzi scheme. Cited only as “the head of a criminal organization”, the suspect has been charged by Belgian authorities on multiple counts of fraud and money laundering.

Billions Trade Club has received a fraud warning from Mexico. As per a June 19th FaceBook post by CONDUSEF;

Star Network has received a fraud related desist and refrain order from California. As per the Department of Financial Protection and Innovation’s June 5th order;