MLM @ BehindMLM

Rodney Burton, aka “Bitcoin Rodney”, was arrested in Florida on January 4th, 2024. Burton has been indicted on HyperFund fraud charges, filed as part of a wider criminal case in Maryland.

COS and COSCoins have received securities fraud warnings from the UK. As per the FCA’s December 12th warning, COS and COSCoin are “not authorised … and may be targeting people in the UK”.

Validus has received a securities fraud warning from Dubai. As per a December 22nd alert from the Dubai Financial Services Authority;

Serial MLM crypto scammer Nicholas Coppola has been arrested in Italy. Coppola had been hiding out in Dubai… …but appears to have wanted to spend Christmas and the new year in his native Veneto. Coppola was arrested by Italian financial police in Veneto on December 28th.

GSPro has received a fraud warning from Arizona. As per the Arizona Corporation Commission’s December 27th investor alert;

USI-Tech co-founder Horst Jicha has been arrested in Florida. Jicha was indicted under seal on August 23rd, 2023. On December 21st, the DOJ filed a motion seeking limited unsealing of Jicha’s indictment. The stated reason for the request was for the limited purpose of disclosure to and by law enforcement personnel, including foreign authorities and the [Continue reading…]

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…]