MLM @ BehindMLM

Following an asset deposition of Mike Sims back in May, the SAEG Receiver has begun seizing assets tied to fraud.

OneCoin co-founder Sebastian Greenwood is scheduled to be sentenced on September 12th. In the lead up to his sentencing, Greenwood’s lawyer filed a Sentencing Memorandum on August 29th. In the memorandum, Greenwood’s lawyers request Greenwood be sentenced to time served and deported.

The Ontario Securities Commission has filed a Statement of Allegations with Canada’s Capital Markets Tribunal. As per the August 25th filed statement, OSC has requested the CMT certify that NovaTech FX and owner CEO Cynthia Petion committed securities fraud in Ontario; issue a permanent injunction against NovaTech FX prohibiting further acts of securities fraud; reprimand [Continue reading…]

Charles Scoville’s Traffic Monsoon indictment has been dismissed. On August 22nd the DOJ moved to dismiss the indictment. The court granted the motion on August 23rd.

Clynton Marks and accomplices Henri Honiball and Cecil Rowe filed an appeal against the High Court of South Africa’s “Mirror Trading International was an illegal and unlawful scheme” ruling. The ruling, handed down earlier this year in April, paved the way for criminal proceedings and Liquidators going after Marks and co.

A CashFX Group criminal investigation has been confirmed on the UK Police Major Incident Public Reporting Site. As spotted by Harry Page of the FaceBook Group “CashFX (in association with EverFX) Scam – Now What!?“, Essex Police appear to be leading the investigation.

The CFTC has secured a preliminary injunction against the Fundsz Ponzi Defendants. The preliminary injunction was ordered on August 23rd, following consent motions filed on August 21st and 22nd.

A fourth suspect behind the E-Creator “click a button” Ponzi scheme has been arrested. After E-Creator collapsed, Abraham Mutambu fled to his rural home in Chihota, a region in Zimbabwe’s east. Zimbabwe authorities made the arrest last week, presenting Mutambu in court on Saturday.

In violation of a court-ordered Statutory Restraining Order (SRO), Fundsz admins continue to provide investors with fake trading results. The CFTC has also responded to an emergency motion filed by Rene Larralde, seeking dissolvement of the granted SRO.

The outcome of Michael Glaspie’s SEC civil fraud lawsuit hinges on sentencing in parallel criminal proceedings. Glaspie was sued by the SEC back in January as a promoter of the Mike G Deal (aka CoinDeal). Following a lack of updates from the SEC, the court ordered the regulator to “show cause” by August 4th.