MLM @ BehindMLM

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”.

It’s Only 5 and owner Elton Potts have received a $10,000 securities fraud cease and desist from Michigan. As per the Corporation, Securities and Commercial Licensing Bureau 19th April notice;

Saskatchewan’s Financial and Consumer Affairs Authority has requested GSPartners investors get in contact.

The first of “around 31” Generation Zoe defendants has been sentenced to four years in prison. Gustavo Saavedra, who worked as a lawyer for Generation Zoe, pled guilty to fraud charges last month. Following entry of his guilty plea, Saavedra was subject to an “abbreviated trial” as per Argentinian law.

Rolvi Trading has received a securities and pyramid fraud warning from New Zealand’s Financial Markets Authority.