MLM @ BehindMLM

Trillant is under investigation for fraud in Germany. BaFin disclosed it was investigating Trillant and EUPAC Digital Services Ltd. on November 22nd, 2022.

Following two securities fraud warnings and an interim stop order, Validus filed an appeal against New Zealand’s Financial Markets Authority. The High Court dismissed Validus’ appeal, meaning the Ponzi scheme is now permanently banned in New Zealand.

CapitalX has received a fraud warning from Russia. This appears to have prompted scammers behind the Ponzi scheme to pull the plug.

Fintoch has received a securities fraud warning from Malaysia. On June 8th, the Malaysia Securities Commission added Fintoch to its Investor Alert List.

The Bank of Namibia successfully overturned a court decision, requiring it to fund Coenraad Botha’s collapsed CBI Global Ponzi scheme. I know that’s an utterly ridiculous sentence but uh… welcome to Ponzi regulation in Namibia.

Blackfort Wallet has received a securities fraud warning from Germany. As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities.

CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation. The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme.

Disbarred OneCoin lawyer Per Danielsen has lost his case against the Norwegian government. In handing down its June 23rd decision, the Oslo District Court found Danielsen had “persistently deviated from acceptable lawyer behavior”.

Seven QNet promoters have been arrested in Togo’s capital city Lome. As per a June 28th press-release from Togo’s National Police;

On June 2nd Jackie Aguilar’s defendant filed a letter advising the court of her death on May 28th. Aguilar, one of six AirBit Club defendants who pled guilty to fraud, was due to be sentenced on June 27th. Following receipt of Aguilar’s death certificate on June 22nd, the case against her was dismissed on June [Continue reading…]