MLM @ BehindMLM

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.

edX AI has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s May 17th warning, edX AI exhibits “signs of a financial pyramid”.

Australian BitConnect promoter John Louis Anthony Bigatton has pled guilty to a criminal charge brought by Public Prosecutors. On May 16th Bigatton pled guilty to one charge of providing unlicensed financial services on behalf of another person.

A NovaTech FX Ponzi promoter has received a securities fraud cease and desist from Ohio. Steven Douglas Alexander, of Cincinnati, is cited as a Respondent in the Ohio Division of Securities March 22nd order.

Following news of a settlement between Nutra Pharma Corp defendants and the SEC in April, details of two settlements have now been made public. As part of a final judgment in favor of the SEC;

Following two distributions of recovered funds to victims, the USFIA Receiver has requested court permission to destroy records and close the Receivership.

Anna Morgenstern, wife of FutureNet co-founder Stephan Morgenstern, has been criminally charged by South Korean authorities. Separately Albanian authorities have charged Anna with laundering funds tied to a criminal offense.

YIPTG has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s May 15th warning, YIPTG exhibits “signs of a financial pyramid”.

Following closure of the EminiFX victim claim portal, 110,318 transactions from over 30,000 victims have been verified. The transactions correlate to $229 million in verified invested funds and around $30 million in verified withdrawals. Just over 5000 EminiFX investors have submitted disputed transactions, or transactions that were unable to verified.