Gilbert Armenta’s OneCoin forfeiture tops $50 million
A consented to preliminary order has pegged Gilbert Armenta’s OneCoin forfeiture at over $50 million dollars.
MLM @ BehindMLM
Financial Education Services fails to dismiss FTC fraud case
Financial Education Services’ Motion to Dismiss FTC proceedings against it has been denied. The FTC filed suit against FES last June, alleging FES was a $467 million pyramid scheme. As part of those proceedings, FES filed a Motion to Dismiss on July 25th.
5th NovaTech securities fraud warning from Canada (Quebec)
NovaTech FX has received a securities fraud warning from Quebec’s Autorite des Marches Financiers. NovaTech LTD was added to the AMF’s investor warnings list on February 3rd, 2023.
Montana’s CSI goes after collapsed Vbit Technologies Ponzi
Vbit Technologies, a collapsed MLM crypto Ponzi, has attracted the attention of Montana’s state securities regulator.
Michael Glaspie pleads guilty to “Mike G Deal” criminal charge
Michael Glaspie, a serial promoter of fraudulent MLM schemes, has pled guilty to wire fraud. Glaspie’s criminal case stems from his promotion of the “Mike G Deal”, which the DOJ confirmed was a $55 million “investment fraud scheme”. At time of publication Glaspie’s criminal case has yet to appear on PACER. Nonetheless details of Glaspie’s [Continue reading…]
NBH Finance collapses, pulls bizarre stock-exchange exit-scam
The NBH Finance Ponzi scheme has collapsed. In doing so, the scammers behind it have pulled a rather bizarre stock exchange exit-scam.
NovaTech FX ordered to cease trading in Ontario, Canada
NovaTech FX has been issued a temporary cease trade order by the Ontario Securities Commission.
Lado Okhotnikov indicted for Forsage Ponzi wire fraud
Forsage founder Vladimir “Lado” Okhotnikov has been indicted for conspiracy to commit wire fraud.
Mindset 24 Global’s John McLane Jr. pleads guilty to tax fraud
Mindset 24 Global’s John Brian McLane Jr. has pled guilty to tax fraud. Following an IRS investigation, the DOJ filed charges against McLane in June 2022.
Does LaCore Enterprises have a lead contamination problem?
Yesterday I was researching an MLM company debuting a strip-delivery supplement. It reminded me a lot of Axis Klarity from Elomir, an MLM company launched under LaCore Enterprises last year. Wondering if LaCore Enterprises might be behind this other company, I ran a few searches to see if anything come up. I forget the exact [Continue reading…]
