MLM @ BehindMLM

GSPartners (aka GSPro), owner Josip Heit and promoter Michael Lynn “El” Dalcoe have been fined $500,000. The fine was handed down as part of an emergency cease and desist, issued by Georgia’s Commissioner of Securities on January 22nd, 2024.

New Zealand authorities have seized a house and $462,000 in cash. The assets are believed to belong to OneCoin fugitive Frank Schneider.

EvoRich Ponzi founder Andrey Khovratov has been sentenced to five years in prison. Prosecutors had asked the court for a six year sentence. Following his arrest attempting to flee Russia in early 2022, Khovratov was charged with five counts of participating in fraud via organized crime.

iComTech promoter Marco Ruiz Ochoa has been sentenced to five years in prison. As per Ochoa’s January 19th judgment, in addition to his prison sentence he’s up for $914,000 in forfeiture and “any and all property” connected to iComTech. Further restitution has been deferred till April 3rd, 2024.

AutoTrade Gold founder Wahyu Kenzo (aka Dinar Wahyu Saptian Dyfrig), has been sentenced to ten years in prison. Kenzo was also fined Rp. 10 billion (~640,000 USD). Kenzo and two accomplices were arrested in early 2023. Indonesian authorities charged the scammers over operation of AutoTrade Gold, an alleged was a $582 million Ponzi scheme.

MLM Ponzi scammer Ryan Ginster appears to have killed himself in prison. Following a guilty plea entered in December 2022, Ginster, 36, was sentenced to 27 months in prison. In parallel civil proceedings, the SEC sued Ginster in late 2021. The federal regulator alleged that, through his My Micro Profits and Social Profimatic Ponzi schemes, [Continue reading…]

Although they were ordered unsealed last week, details of criminal charges against Alex Dee and Brian Kaplan remain under seal. Jerry Maurer’s case has been unsealed though, and through it we gain insight into the 8 Figure Dream Lifestyle criminal case. There’s also reference to a fourth “co-conspirator”, suggesting four 8 Figure Dream Lifestyle arrests [Continue reading…]

The Austrian Supreme Court has ruled that Lyoness’ affiliate contract and compensation plan are illegal. The decision follows legal action taken by the Austrian Association for Consumer Information (VKI). In Austria’s lower courts, VKI argued 47 contractual clauses that were part of Lyconet agreements and so-called Lyconet compensation plans … (lacked) transparent regulations and … [Continue reading…]

Federal Stock Bond has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s January 12th warning, Federal Stock Bond exhibits “signs of a financial pyramid”.

Three scammers behind the 8 Figure Dream Lifestyle pyramid scheme have been criminally charged. Alex Dee, aka Alex Dowlatshahi, was arrested in Washington on January 10th, 2024 Brian Kaplan was arrested in Colorado on October 2nd, 2023 Jerrold Maurer, aka Jerry Maurer, was arrested at an unknown date