MLM @ BehindMLM

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.

Youngevity has had their securities revoked as part of a settlement reached with the SEC. This includes Youngevity’s shares, which previously traded under the ticker YGYI.

GSPartners has received a securities fraud cease and desist order from Mississippi. The December 6th order also applies to GSPartners’ owner Josip Heit, and local Mississippi promoter Richard L. Shoto.