MLM @ BehindMLM

Serial MLM crypto scammer Nicholas Coppola has been arrested in Italy. Coppola had been hiding out in Dubai… …but appears to have wanted to spend Christmas and the new year in his native Veneto. Coppola was arrested by Italian financial police in Veneto on December 28th.

GSPro has received a fraud warning from Arizona. As per the Arizona Corporation Commission’s December 27th investor alert;

USI-Tech co-founder Horst Jicha has been arrested in Florida. Jicha was indicted under seal on August 23rd, 2023. On December 21st, the DOJ filed a motion seeking limited unsealing of Jicha’s indictment. The stated reason for the request was for the limited purpose of disclosure to and by law enforcement personnel, including foreign authorities and the [Continue reading…]

Seems iX Global top earner Viraj Patil didn’t fancy spending Christmas and New Year’s in Dubai. Viraj, a wanted fugitive, was arrested after his flight from Dubai landed at Chhatrapati Shivaji Maharaj International Airport on Sunday night.

The FDA has issued a December 21st advisory against Govvi’s WOW! supplement. The federal regulator warns consuming WOW! can “lead to cardiovascular problems, including heart attack, shortness of breath and tightening of the chest.”

Bulgarian authorities have dropped an investigation into Nexo. Nexo was a non-MLM crypto Ponzi pitching passive returns of up to 10% annually. Despite not being registered to offer securities in Bulgaria and thus operating illegally, in closing their investigation the Prosecutor’s Office claimed they found

The SEC is facing sanctions in its securities fraud case against Debt Box and iX Global. In a nutshell, the SEC’s attorneys got some dates wrong with respect to when the Debt Box defendants began transferring investor funds out of the US to the UAE. This led to a false sense of urgency, which the [Continue reading…]

Shao Bank has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s December 21st warning, Shao Bank exhibits “signs of a financial pyramid” scheme.

Simpy Bhardwaj, aka Simpy Gaur, has been arrested on charges related to the Gain BitCoin Ponzi scheme.

Ellev8 has received a securities fraud warning from New Zealand’s Financial Market Authority. As per the FMA’s October 12th warning;