MLM @ BehindMLM

TLC Trading has received a securities fraud desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI). DFPI’s August 20th, 2024 order cites the following respondents:

Auratus Gold has received a securities fraud warning from New Zealand. In its September 27th warning, the Financial Markets Authority (FMA) advises;

A September 13th scheduling order has set an SEC v. OnPassive trial date for April 6th, 2026. Note this is not a typo, the trial is scheduled eighteen months out from September, 2024.

The SEC has filed securities fraud charges against two Apex promoters. Anthony Lotito and Joseph Hagan stand accused of defrauding consumers through Apex, a collapsed passive returns investment scheme. In addition to Lotito and Hagan, both New Jersey residents, the SEC also names their respective companies; Revolution Leasing and Scryptmob II LLC.

Following settlement of fraud charges related to operation of multiple MLM Ponzi schemes, monetary relief has been ordered against defendants Dan Putnam and Jean Paul Ramirez Rico.

Angel Rodriguez has settles a $12 million fraud case filed against him by the SEC. On September 5th, 2024, the court issued a final judgment at the request of the SEC. Rodriguez consented to the motion, constituting an effective settlement.

Mining Capital Coin’ Luiz Carlos Capuci is in a bit of a pickle. Due to parallel criminal proceedings kicking off in Brazil, Capuci claims he is unable to pay US lawyers representing him in an SEC fraud case.

Following a settlement reached with US states earlier this month, AlixPartners has set up a website to process victim claims.

While BitConnect promoter Michael Noble settled the SEC’s fraud allegations against him in 2021, disgorgement, interest and civil penalty amounts remain disputed. Seeking to finalize these amounts, the SEC filed a motion seeking monetary relief against Noble on September 16th.

Francisco Story has settled SAEG Ponzi charges with the CFTC for $125,000. The CFTC filed suit against Story in January 2023 over his participation in the collapsed SAEG Ponzi scheme.