MLM @ BehindMLM

The FTC has secured a preliminary injunction in its Blueprint to Wealth fraud case. The granted injunction applies to defendants Robert William Shafer (aka Bob Shafer), Charles Joseph Garis Jr., Business Revolution Group and Samuel J. Smith.

In a bid to secure an early end to his probation, James Merrill claims he regret[s] with all my heart ever being associated with the former business partners, business and entire situation that led to my incarceration. Merrill’s letter to the court also provides additional context to his post-sentencing life.

Juan Arellano has pled guilty to iComTech fraud charges on the eve of his criminal trial. Following a superseding information filing on February 29th, Arellano pled guilty later the same day.

Details of the Dutch investigation into Ed Zimbardi have emerged, including the revelation that Zimbardi was released “after interrogation”.

Mining City has received a securities fraud warning from Cyprus. Mining City was one of eleven fraudulent investment schemes cited in a February 22nd warning from the Cyprus Securities and Exchange Commission (CySEC).

Konstantin Ignatov has received time served for his role in OneCoin. As reported by Matt Lee of Inner City Press, Ignatov will also be subject to two years supervised release and $118,000 in forfeiture.

LegacyX, the second reboot of the collapsed Trust Your Universe Ponzi scheme, is under investigation in Germany.

The HyperTech Group series of Ponzi schemes have received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). HyperTech Group related Ponzi schemes cited by ASIC in their March 1st warnings include:

Serial Ponzi scammer Edward Zimbardi (aka Ed Zimbardi), has been arrested in the Netherlands. As first spotted by Brandon @ Ponzi Patrol, WSB-TV Atlanta reports Zimbardi “has been arrested and charged with money laundering overseas.”

BitClub Network scammer Joby Weeks has had his bail conditions downgraded back to home incarceration. A February 22nd petition filed by a Pretrial Services Officer requested the change, pending an also requested bail review hearing.