MLM @ BehindMLM

Seems iX Global top earner Viraj Patil didn’t fancy spending Christmas and New Year’s in Dubai. Viraj, a wanted fugitive, was arrested after his flight from Dubai landed at Chhatrapati Shivaji Maharaj International Airport on Sunday night.

The FDA has issued a December 21st advisory against Govvi’s WOW! supplement. The federal regulator warns consuming WOW! can “lead to cardiovascular problems, including heart attack, shortness of breath and tightening of the chest.”

Bulgarian authorities have dropped an investigation into Nexo. Nexo was a non-MLM crypto Ponzi pitching passive returns of up to 10% annually. Despite not being registered to offer securities in Bulgaria and thus operating illegally, in closing their investigation the Prosecutor’s Office claimed they found

The SEC is facing sanctions in its securities fraud case against Debt Box and iX Global. In a nutshell, the SEC’s attorneys got some dates wrong with respect to when the Debt Box defendants began transferring investor funds out of the US to the UAE. This led to a false sense of urgency, which the [Continue reading…]

Shao Bank has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s December 21st warning, Shao Bank exhibits “signs of a financial pyramid” scheme.

Simpy Bhardwaj, aka Simpy Gaur, has been arrested on charges related to the Gain BitCoin Ponzi scheme.

Ellev8 has received a securities fraud warning from New Zealand’s Financial Market Authority. As per the FMA’s October 12th warning;

The Blockchain Era has received a “suspected Ponzi and pyramid scheme” warning from New Zealand. As per the Financial Market Authority’s November 13th warning;

Banker Quotes has received a securities fraud warning from New Zealand’s Financial Market Authority. As per the FMA’s December 12th warning;

Infinity2Global defendant Jason Syn has escaped prison time. Following a December 19th guilty plea entered on one count each of conspiracy to commit mail fraud and securities fraud, Syn was sentenced to three years probation.