MLM @ BehindMLM

New York Attorney General Letitia James has sued NovaTech FX, AWS Mining and Eddie and Cynthia Petion for fraud. Through NovaTech FX and AWS Mining, the NYAG alleges the Petions “defrauded thousands of investors worldwide out of over a billion dollars”.

South African authorities have arrested GSPartners promoter Neil Leon De Waal. De Waal was recruited into GSPartners by Brendon Earp-Jones, who in turn was recruited by Andrew Eaton. Eaton was a top GSPartners promoter who worked directly under owner Josip Heit.

Neora has lost a bid to have the FTC cover $5.2 million in “attorney’s and expert fees and expenses”.

Chogan Group executives, including its co-founders, have been arrested for “tax fraud, money laundering and self-laundering, as well as tax and bankruptcy crimes.” Operation “Paradise World”, an investigation initiated by Italian authorities, resulted in four arrests made earlier this week.

WDC Quantify has received a securities fraud warning from the UK’s Financial Conduct Authority (FCA). As per the FCA’s May 20th warning, WDC Quantify

The New York Supreme Court Appellate Division has upheld BehindMLM’s appeal against GSB Gold Standard Corporation’s subpoenas. In upholding BehindMLM’s appeal, the NYSC Appellate Division ordered GSB’s subpoenas quashed.

Following a motion from the SEC, its $49 million securities fraud case against iX Global and Debt Box has been voluntarily dismissed. The court ordered the dismissal on May 28th, also ordering the SEC to pay costs.

Arkbit Capital, Arkbit Capital Holdings, ABC Holdings and ABC Mining have been issued an emergency securities fraud cease and desist from Texas.

David Lee Kagel has pled guilty to Mind Capital criminal charges. Kagel was originally scheduled to plead guilty on May 13th but fainted on the way to his hearing. The court rescheduled for May 28th, on which Kagel’s plea agreement was file.

Four years after Mirror Trading International collapsed, South African authorities have confirmed an ongoing criminal investigation.