MLM @ BehindMLM

Blackfort Wallet has received a securities fraud warning from Germany. As per BaFin’s June 29th warning, Blackfort Wallet is offering unregistered securities.

CryptoProgram has received a fraud desist and refrain order from California’s Department of Financial Protection and Innovation. The DFPI claims “Master Affiliate” Edward Anthony Zimbardi is running a Ponzi scheme.

Disbarred OneCoin lawyer Per Danielsen has lost his case against the Norwegian government. In handing down its June 23rd decision, the Oslo District Court found Danielsen had “persistently deviated from acceptable lawyer behavior”.

Seven QNet promoters have been arrested in Togo’s capital city Lome. As per a June 28th press-release from Togo’s National Police;

On June 2nd Jackie Aguilar’s defendant filed a letter advising the court of her death on May 28th. Aguilar, one of six AirBit Club defendants who pled guilty to fraud, was due to be sentenced on June 27th. Following receipt of Aguilar’s death certificate on June 22nd, the case against her was dismissed on June [Continue reading…]

OneX Finance has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s June 27th warning, OneX Finance exhibits “signs of a financial pyramid”.

Ruja Ignatova’s arrest bounty has been bumped to $250,000. When Ignatova was added to the FBI’s Ten Most Wanted Fugitives list in July 2022, the original bounty was $100,000. Given OneCoin was a $4 billion Ponzi scheme, this seemed a little on the light side. $250,000 isn’t comparatively significant but is nonetheless more than the [Continue reading…]

Emerson Pires and Flavio Goncalves, co-founders of the EmpiresX Ponzi scheme, have copped a $45.8 million judgment in their SEC fraud case.

One of the executive ringleaders behind USFIA’s GemCoin Ponzi scheme has avoided prison. Leonard Stacy Johnson pled guilty to two counts of fraud in July 2019. On June 5th, Johnson was sentenced to two years probation and $45,871 in restitution.

Dmatrx has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s June 20th warning, Dmatrx exhibits “signs of a “financial pyramid”.