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AutoTrade Gold founder Wahyu Kenzo (aka Dinar Wahyu Saptian Dyfrig), has been sentenced to ten years in prison. Kenzo was also fined Rp. 10 billion (~640,000 USD). Kenzo and two accomplices were arrested in early 2023. Indonesian authorities charged the scammers over operation of AutoTrade Gold, an alleged was a $582 million Ponzi scheme.

MLM Ponzi scammer Ryan Ginster appears to have killed himself in prison. Following a guilty plea entered in December 2022, Ginster, 36, was sentenced to 27 months in prison. In parallel civil proceedings, the SEC sued Ginster in late 2021. The federal regulator alleged that, through his My Micro Profits and Social Profimatic Ponzi schemes, [Continue reading…]

Although they were ordered unsealed last week, details of criminal charges against Alex Dee and Brian Kaplan remain under seal. Jerry Maurer’s case has been unsealed though, and through it we gain insight into the 8 Figure Dream Lifestyle criminal case. There’s also reference to a fourth “co-conspirator”, suggesting four 8 Figure Dream Lifestyle arrests [Continue reading…]

The Austrian Supreme Court has ruled that Lyoness’ affiliate contract and compensation plan are illegal. The decision follows legal action taken by the Austrian Association for Consumer Information (VKI). In Austria’s lower courts, VKI argued 47 contractual clauses that were part of Lyconet agreements and so-called Lyconet compensation plans … (lacked) transparent regulations and … [Continue reading…]

Federal Stock Bond has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s January 12th warning, Federal Stock Bond exhibits “signs of a financial pyramid”.

Three scammers behind the 8 Figure Dream Lifestyle pyramid scheme have been criminally charged. Alex Dee, aka Alex Dowlatshahi, was arrested in Washington on January 10th, 2024 Brian Kaplan was arrested in Colorado on October 2nd, 2023 Jerrold Maurer, aka Jerry Maurer, was arrested at an unknown date

Following executed search warrants on January 11th, Indian authorities have frozen Rs. 6.4 million (~$77,000 USD). In a January 12th press-release, the Enforcement Directorate revealed the funds were tied to iX Global and TP Global FX.

Two former promoter of the 8 Figure Dream Lifestyle pyramid scheme have been sued by the FTC. A Complaint filed by the FTC on December 8th, 2023, names three defendants: Bob Shafer, aka Robert William Shafer, Coach Bob, Bo Hall, Bo Small, Bo Rich and Beau Rich, a resident of New York; Samuel James Smith, [Continue reading…]

David Carmona, founder of the iComTech Ponzi scheme, has pled guilty to one count of conspiracy to commit wire fraud. After initially pleading not guilty following his arrest in late 2022, Carmona changed his plea at a December 22nd hearing.

As a point of policy, BehindMLM’s contact form categorically states anything to do with “reputation management enquiries/demands” and “SEO” will be ignored. Unfortunately that doesn’t stop shady operators from falsely marketing they can get BehindMLM content removed. Today we’re covering marketing lies from Mike Munter and Matt Peters.