MLM @ BehindMLM

YEM and the YEM Foundation have received a securities fraud warning from Austria. As per the Financial Market Authority’s 13th May warning;

GSPartners has received a securities fraud warning from Saskatchewan, Canada. As per the Financial and Consumer Affairs Authority’s June 1st investor alert;

QZ Asset Management has received a securities fraud warning from South Africa. The Financial Sector Conduct Authority (FSCA), claims it opened an investigation following complaints from consumers.

A disbarred lawyer has filed a case against the Norwegian government. At a ten day hearing that started on May 25th, Per Danielsen, of the firm Danielsen & Co. AS, is accused of working with OneCoin’s Ruja Ignatova.

The Central Bank of Sri Lanka has issued a warning on eight MLM pyramid schemes. Scams named in the Central Bank’s May 31st notice include:

QZ Asset Management has received a Ponzi fraud warning from the Philippines. As per the Philippine SEC’s May 30th advisory;

Three QNet executives have been arrested on pyramid scheme fraud charges in Hyderabad, India. As reported by India Today on May 30th;

Swiss Valorem Bank and GSPartners have received a securities fraud warning from British Columbia, Canada.

As per a Status Report filed by the SEC on May 4th, Ryan Evans has refused to settle his Saivian fraud case. The parties have met and conferred several times regarding the potential to resolve this matter, including after the resolution of the matter as to the other defendants. Unfortunately, the parties have so far [Continue reading…]

IM Mastery Academy has received a securities fraud warning from Luxembourg’s Commission de Surveillance du Secteur Financier. As per the CSSF’s May 24th warning;