MLM @ BehindMLM

TriumphFX has received two securities fraud warnings from Ontario, Canada. The Ontario Securities Commission issued separate warnings for TriumphFX and Triumph Int. on December 14th.

Daisy Global has received a second securities fraud warning from Canada. The Alberta Securities Commission added Daisy Global to its Investment Caution List on December 12th.

Serial MLM crypto Ponzi scammer Jeremie Sowerby has been indicted for a third time. On December 12th, Sowerby was indicted on charges related to Dunamis Global Technologies.

The ITP Corp “click a button” app Ponzi has received a securities fraud warning from Washington. In their December 15th warning, the Department of Financial Institutions (DFI) warns ITP Corp “appear(s) to be engaged in fraud”.

EXW Wallet co-founder Benjamin Herzog has pled guilty. Herzog’s guilty plea was entered mid-trial, following damning testimony from his ex-girlfriend,

OnPassive has received a Ponzi fraud warning from Bangladesh. As per the Bangladesh Bank’s December 12th warning, OnPassive is a “fraudulent Ponzi scheme” engaged in “embezzlement of large amounts of money”.

David Gilbert Saffron was initially indicted back in June 2022. He was charged with wire fraud, related to operation of the Circle Society Ponzi scheme. Saffron’s arrest did pop up on my radar but, as far as I could tell, Circle Society wasn’t MLM so BehindMLM didn’t cover it. A new sealed superseding indictment, filed [Continue reading…]

A local leader of the GIG-OS Ponzi scheme has been arrested in Argentina. Only identified as “FMV”, the scammer was arrested during a series of raids last Thursday.

Arrested MTI CEO Johannes Steynberg has been enjoying internet access from a Brazilian prison.

Indian authorities have arrested a second Bitsolives suspect. As reported by the Time of India, Prashant Brahmbhatt was arrested returning to India from Dubai on Wednesday, December 6th.