MLM @ BehindMLM

GSPartners, Swiss Valorem Bank and owner Josip Heit have received a securities fraud cease and desist from Arkansas. As per the Arkansas Securities Department’s November 22nd order;

Just days after a marketing event was held in South Africa, the Financial Sector Conduct Authority has issued a GSPartners securities fraud warning.

India’s Enforcement Directorate (ED) has prosecuted Amway for money laundering. The charges were filed under India’s Prevention of Money Laundering Act, with the underlying investigation dating back to 2011.

The collapsed PrivaFund Ponzi scheme is under criminal investigation in Austria.

Benjamin Herzog’s 23 year old ex-girlfriend has testified in the EXW Wallet criminal trial against him. Herzog was indicted and arrested on EXW Wallet related fraud charges in August. His criminal trial in Austria began in September.

Serial MLM crypto Ponzi scammer Jeremie Sowerby has been indicted and arrested again, this time for Softek and Justice Capital related fraud.

Dennis Dvorin has pled guilty to criminal charges related to the Infinity2Global Ponzi scheme. On November 17th, Dvorin pled guilty to one count of securities fraud.

A UK court has refused extradition of Christopher Hamilton to the US. Hamilton was indicted back in 2019. He stands accused of laundering over $100 million in stolen OneCoin Ponzi funds.

NovaTech FX and owners Cynthia and Eddie Petion have been charged with securities fraud in Washington. A cease and desist order and Statement of Charges was filed against NovaTech and the Petions on October 27th.

GSPartners has received a securities fraud cease and desist order from Wisconsin’s Department of Financial Institutions (DFI). As per a November 16th notice filed by DFI’s Securities Division, GSPartners has been engaging in an international scheme to illegally sell fraudulent investments. Its scheme is being driven by an international confederation of multilevel marketers that have [Continue reading…]