MLM @ BehindMLM

USFIA victims have been given a final August 9th deadline to sort out their claims. Following a July 24th court order, the USFIA Receiver published the following update;

GSPartners and Swiss Valorem Bank have received a securities fraud warning from Ontario, Canada. As per the Ontario Securities Commission’s July 25th, warning;

LaShonda and Marlon Moore have settled fraud charges brought against them for $9.7 million dollars. The Moores are also permanently prohibited running, participating in or having anything to do with MLM.

WETER has received a pyramid fraud warning from the Central Bank of Russia (CBR). As per the CBR’s July 24th warning, WETER exhibits “signs of a financial pyramid” scheme.

BehindMLM published a review of Terrence Pounds’ Keep It 100 Ponzi scheme earlier this month. What I didn’t know at the time is Pounds had previously been indicted on fourteen counts of COVID-19 loan fraud.

Three Canadian DFRF Enterprises promoters have been fined $956,000. The enforcement action, initiated by the British Columbia Securities Commission, comes eight years after US authorities took action against the Ponzi scheme.

Ryan Morgan Evans has settled the SEC’s Saivian fraud case against him. As per a stipulated judgment filed on July 14th, Evans will pay $175,000 in disgorgement, $52,129 in prejudgment interest and a $111,614 civil penalty.

EminiFX Ponzi scammer Eddy Alexandre has been sentenced to nine years in prison.

Bitcoin Trading World has received a Desist and Refrain Order from California’s Department of Financial Protection and Innovation. On June 28th, DFPI cited Bitcoin Trading World and Antonije Stojiljkovic for securities fraud. Just one problem though… Bitcoin Trading World is long gone and Stojiljkovic is already serving time in prison.

Turbo has received a securities fraud warning from France. As per the Autorite des Marches Financiers’ July 7th warning, Turbo is