MLM @ BehindMLM

Infinity2Global Ponzi scammers Richard Maike and Doyce Barnes have been denied appeals on their respective convictions. In a fourteen page published opinion by the Sixth Circuit, the US Court of Appeals found;

LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from the British Columbia Securities Commission (BCSC). As per BCSC’s June 23rd LSSC fraud warning;

JetCoin Ponzi admin Dwayne Golden has been sentenced to eight years in prison. Eight years was the maximum range the DOJ sought in pre-sentencing filings. As per a judgment filed on June 27th, Golden was also ordered to pay $2.46 million in forfeiture.

Vincent Anthony Mazzotta Jr. has pled guilty to conspiracy to obstruct justice and money laundering.

HB 162 MLM “house bill” has passed Delaware’s House of Representatives.

Mirror Trading International’s South African liquidators have bungled court proceedings in the UK. As reported by Moneweb on June 18th, MTI’s liquidators filed a “UK application” to avoid a statute of limitation in South Africa.

Amid pending settlements and default judgments against those who ran the scam, the CFTC has opted to voluntarily dismiss its Fundsz as a corporate entity.

Collapsed billion dollar MLM pyramid scheme Iyovia is failing to meet its financial obligations. Iyovia customer data is also being deleted and Iyovia co-founders Chris and Isis Terry have gone underground.

Following an interim $1.1 million distribution payment and pending $200,000 final distribution payment, the SAEG Receiver has filed a motion requesting the Receivership be closed.

Malaysian and Chinese police have seized $900 million tied MBI International, a Ponzi scheme run by Tedy Teow Wooi Huat (aka Zhang Yufa).