MLM @ BehindMLM

Two superseding indictments have been filed in the Forcount Ponzi criminal case, adding Nestor Nunez and Ramon Perez as defendants.

Indian authorities have frozen $11 million dollars they allege is part of a money laundering racket tied to QNet.

Tedy Teow, founder of the MBI International Ponzi scheme, is set to be extradited to China.

Financial regulators in Portugal have issued a second CashFX Group securities fraud warning. As per a January 17th warning from the Comissão do Mercado de Valores Mobiliários (CNVM);

The EminiFX Receiver has secured court-approval to sell off 3680 BTC. The vast majority of the bitcoin (3658 BTC), was recovered from CoinPayments in November.

March 2022 saw JetCoin scammers Dwayne Golden, Mardy Eger and Gregory Aggesen arrested. The trio were indicted on criminal charges related to their operation of the JetCoin Ponzi scheme. Simultaneously, the CFTC also filed paralell civil fraud charges. What I didn’t know up until today was the CFTC also investigated accomplice James Ward.

Following on from our coverage of Angie Amaya’s fine, I’ve since learnt that three OmegaPro scammers were fined by the SFC in 2022. The SFC also issued a second OmegaPro securities fraud warning. And, as late as December 29th, ordered yet another Colombian OmegaPro promoter to stop scamming.

OmegaPro Ponzi promoter Angie Vanessa Pineda Amaya has been fined. Amaya was one of eight scammers ordered to cease promoting OmegaPro in May 2021.

Bulgarian authorities have raided the offices of the Nexo crypto Ponzi scheme. That itself is just another day in crypto but authorities are apparently alleging Nexo’s founders had ties to OneCoin.

800 victims of the BitConnect Ponzi scheme are set to receive a share in $17 million recovered through restitution.