MLM @ BehindMLM

Titan Capital Markets has received a securities fraud warning from the Philippines. As per the Philippine SEC’s January 12th warning;

In light of date errors made in presenting its case, the SEC has opted to voluntarily dismiss securities fraud proceedings against iX Global and Debt Box. The revelation was made in a January 30th surreply filing, made in response to why the SEC shouldn’t be sanctioned.

Criminal charges were filed against HyperFund Ponzi promoter Brenda Indah Chunga on January 9th, 2024. The previous month, Chunga, aka Bitcoin Beautee, signed a plea deal with the DOJ on December 17th. Chunga has been charged with conspiracy to commit securities and wire fraud. This is acknowledged and accepted as fact in Chunga’s plea agreement.

Following unsealing of Rodney Burton’s HyperFund criminal case, details of his arrest have been made public. While we knew Burton was arrested in Florida on January 4th, what we didn’t know is Burton was arrested at the airport… with a one-way ticket to Dubai.

Joseph Cammarata has had Final Judgment entered against him in his SEC case. As per the January 23rd order, the former Investview CEO is up for $50.4 million in disgorgement.

Tradixis has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s January 29th warning, Tradixis exhibits “signs of a financial pyramid”.

HyperFund co-founder Sam Lee and promoter Brenda Indah Chunga have been charged by the SEC. The SEC cites HyperFund as a ~$1.7 billion dollar Ponzi scheme. This tracks with BehindMLM’s HyperFund review, published back in 2021.

HyperFund co-founder Sam Lee and promoters Rodney Burton and Brenda Chunga have been indicted. Lee, aka Xue Lee and Samuel Lee, has been charged with conspiracy to commit securities fraud and wire fraud. Burton has been charged with conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business. Chunga, who [Continue reading…]

Investview’s former accounts have been fined $400,000 for filing dodgy audits with the SEC. One individual accountant has also been fined $65,000 and barred from being associated with a registered public accounting firm.

OneCoin money launderer Mark Scott, 55, has been sentenced to ten years in prison.