MLM @ BehindMLM

Auratus Gold securities fraud warning from New Zealand

Auratus Gold has received a securities fraud warning from New Zealand. In its September 27th warning, the Financial Markets Authority (FMA) advises;


OnPassive SEC trial scheduled for Apr 6th, 2026 (updates)

A September 13th scheduling order has set an SEC v. OnPassive trial date for April 6th, 2026. Note this is not a typo, the trial is scheduled eighteen months out from September, 2024.


SEC sues two Apex promoters (Investview)

The SEC has filed securities fraud charges against two Apex promoters. Anthony Lotito and Joseph Hagan stand accused of defrauding consumers through Apex, a collapsed passive returns investment scheme. In addition to Lotito and Hagan, both New Jersey residents, the SEC also names their respective companies; Revolution Leasing and Scryptmob II LLC.


Putnam & Ramirez SEC fraud judgment tops $16 mill

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 settles $12 mill fraud case with SEC

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.


Luiz Capuci can’t pay US lawyers, trial in Brazil

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.


GSPartners fraud settlement website goes live

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


SEC seeks $731K from Michael Noble in BitConnect disgorgement

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 settles SAEG fraud charges for $125,000

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.


SEC reveals $6.1 mill Craig Grant & Trevon James judgments

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.