MLM @ BehindMLM

iX Global, its CEO and several promoters have been sued for securities fraud by the SEC. Between iX Global and its Debt Box ruse, the SEC’s July 26th filed Complaint names eighteen defendants.

Verse Network has received a securities fraud warning from Russia. As per the Central Bank of Russia’s August 2nd warning, Verse Network exhibits

E-Creator was a typical “click a button” Ponzi targeting Zimbabwe. Run through a mobile app, E-Creator’s ruse was “clicking a button” to create fake product orders. Remarkably, after E-Creator collapsed Zimbabwean authorities were able to make an arrest. A Chinese national and two local accomplices were caught at the airport trying to flee the country.

Xaindex has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s August 1st warning, Xaindex exhibits “signs of a financial pyramid”.

Plexus has settled allegations of mail fraud for $600,000. As per a civil case brought by the DOJ, Plexus

Redwood Scientific Technologies concealer Jacques Poujade has pled guilty to “fraudulently obtaining more than $5.2 million”.

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.