MLM @ BehindMLM

Mirror Trading International liquidators have filed clawback litigation against suspected owners Clynton Marks and Cheri Ward (aka Cheri Marks).

Anthony Norman has reportedly been arrested in Sweden. Prosecutors have charged Norman with financial crimes, leading to his arrest in late October.

I started BehindMLM almost fourteen years ago. Next April the site turns fifteen. After seeing an ad on TV that looked suspicious, I published a “review” of it on my then personal blog. That took off and soon enough I had readers requesting reviews of other MLM companies.

BehindMLM can confirm that GSPartners and owner Josip Heit are the subjects of multiple federal and state regulatory investigations in the US. Investigations we’re aware of include the CFTC, SEC and Alabama Securities Commission.

BE and local promoter Rhemuel Lunio have received a securities fraud warning from the Philippines. As per the Philippine SEC’s October 31st warning,

Vincent Boutin has settled his Traffic Monsoon clawback case with the Receivership.

EminiFX victims have until December 18th. 2023 to file claims through a portal set up by the Receivership. The portal can be accessed through the EminiFX Receivership’s website.

Jacques Poujade has been sentenced to 63 months in prison for defrauding investors out of “nearly $6.2 million” dollars.

Indian authorities have issued arrest warrants for multiple iX Global promoters. Among the wanted fugitives is Viraj Patil, whose fraud has been celebrated on Ted Nuyten’s BusinessForHome; Originally from India, Patil has since fled the country for Dubai. After speaking with seventeen iX Global victims in India, Money Control broke news of the arrest warrants [Continue reading…]

Without action by law enforcement, Mirror Trading International liquidation proceedings have recovered only a fraction of what was stolen. Now it’s been revealed a quarter of that, around $9.8 million, will go to liquidators.