MLM @ BehindMLM

Following unsealing of Rodney Burton’s HyperFund criminal case, details of his arrest have been made public. While we knew Burton was arrested in Florida on January 4th, what we didn’t know is Burton was arrested at the airport… with a one-way ticket to Dubai.

Joseph Cammarata has had Final Judgment entered against him in his SEC case. As per the January 23rd order, the former Investview CEO is up for $50.4 million in disgorgement.

Tradixis has received a pyramid scheme fraud warning from Russia. As per the Central Bank of Russia’s January 29th warning, Tradixis exhibits “signs of a financial pyramid”.

HyperFund co-founder Sam Lee and promoter Brenda Indah Chunga have been charged by the SEC. The SEC cites HyperFund as a ~$1.7 billion dollar Ponzi scheme. This tracks with BehindMLM’s HyperFund review, published back in 2021.

HyperFund co-founder Sam Lee and promoters Rodney Burton and Brenda Chunga have been indicted. Lee, aka Xue Lee and Samuel Lee, has been charged with conspiracy to commit securities fraud and wire fraud. Burton has been charged with conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business. Chunga, who [Continue reading…]

Investview’s former accounts have been fined $400,000 for filing dodgy audits with the SEC. One individual accountant has also been fined $65,000 and barred from being associated with a registered public accounting firm.

OneCoin money launderer Mark Scott, 55, has been sentenced to ten years in prison.

The Streakk Ponzi scheme has rebranded as Earn World. Earn World has been set up on a single-page website on the domain “earn.world”, first registered in 2017. The private registration was last updated on May 24th, 2023, which is likely around the time Streakk acquired it. This coincides with the collapse of Streakk’s STKK token.

GSPartners (aka GSPro), owner Josip Heit and promoter Michael Lynn “El” Dalcoe have been fined $500,000. The fine was handed down as part of an emergency cease and desist, issued by Georgia’s Commissioner of Securities on January 22nd, 2024.

New Zealand authorities have seized a house and $462,000 in cash. The assets are believed to belong to OneCoin fugitive Frank Schneider.