BehindMLM’s State of the Scam 2024
Today on April 10th, 2024, BehindMLM turns fourteen. This is a look back on the past twelve months, published as our annual “State of the Scam” report.
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Joby Weeks’ BitClub Network release conditions restricted
Following a petition filed by a Pretrial Services Officer, a court has altered Joby Weeks’ release conditions to be “more restrictive”.
Debt Box promoter Ryan Bowen dismissed from SEC case
Debt Box promoter Ryan Bowen has been voluntarily dismissed from the SEC’s case. A stipulation filing also provides clarity on how the SEC intends to handle the case going forward.
Inside BCSC’s investigation into GSPartners & promoters
The British Columbia Securities Commission has published reasoning behind its decision to extend a temporary order. The order, issued on November 16th, 2023, prohibits promotion of GSPartners’ “MetaCertificates” unregistered securities offering. Specific breaches of British Columbia law cited by the BCSC included: illegal distribution of securities; illegal trading of securities; prohibited representations; and fraud In [Continue reading…]
Terrence Pounds sentenced to 7.8 yrs in prison for fraud
Terrence Pounds has been sentenced to 94 months in prison for COVID-19 loan fraud. Pounds, who orchestrated the multi-million dollar fraud scheme, will also have to pay back $4.2 million in restitution.
Brazil approves extradition of BitRobot’s Laurent Barthelemy
Brazil’s Supreme Court has approved the extradition of BitRobot admin Laurent Myriam Claude Barthelemy. Barthelemy was arrested in Brazil on an international arrest warrant request by Belgium in April 2023.
OneCoin’s Irina Dilkinska sentenced to four years in prison
Irina Dilkinska, OneCoin’s former Head of Legal and Compliance, has been sentenced to four years in prison.
Nutra Pharma Corp settles MyNyloxin fraud with SEC
Jury selection for the SEC’s MyNyloxin trial was supposed to kick off on March 25th. Instead on March 7th, a Joint Motion was filed requesting the pending trial. The basis for the request was a reached settlement. On March 8th the Joint Motion was granted, requesting the parties file a Status Report or Stipulation of [Continue reading…]
FDA issues second Govvi heart attack ingredient warning
The FDA has issued a second consumer warning pertaining to undeclared ingredients in Govvi’s WOW! supplement. Testing of an additional sample of WOW! revealed undeclared DMHA. The sample also contained DMAA, which the FDA issued a warning about last December.
YEM Foundation securities fraud warning from Germany
YEM Foundation is under investigation by Germany’s BaFin regulator. As part of BaFin’s ongoing regulation, a YEM Foundation securities fraud warning was issued on March 22nd, 2024.
