MLM @ BehindMLM

On January 27th OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum. The filing was heavily redacted, prompting Inner City Press’ Matthew Lee to file a motion requesting access to an unredacted version. At the request of the court, on February 10th Armenta’s attorneys clarified their position on the redactions. Recognizing that Mr. Armenta’s cooperation [Continue reading…]

Default judgment has been granted against Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari.

WeWe Global and LyoPay have received a “ponzi and pyramid” fraud warning from New Zealand. As per the Financial Markets Authority’s February 8th warning;

Eric J. Dalius’ Saivian settlement has cost him $24 million USD. On February 3rd the SEC filed a stipulation requesting judgment against Dalius and Savian LLC.

The FTC and State of Arkansas have filed for summary judgment against Blessings in No Time and owner operators LaShonda and Marlon Moore.

Crown Global has received a securities fraud warning from Canada. On February 3rd the Alberta Securities Commission added Crown Global to its Investment Caution List.

QZ Asset Management has been found to be offering unregistered securities in Indonesia. As such, the Otoritas Jasa Keuangan has declared QZ Asset Management to be an illegal investment scheme.

John DeMarr, a central figure in Kristijan Krstic’s Ponzi empire, has been sentenced to 5 years in prison. DeMarr has also been ordered to pay back $3.5 million in restitution.

Argentinian authorities have made another Generation Zoe Ponzi arrest. Rodrigo Hernán García (aka Roko and Rokomanía), was arrested earlier this week by Argentina’s Anti-mafia division. He has been charged with illicit association and fraud.

Mindset24 Global scammers John Brian McLane Jr. and Paul Anthony Nash have settled fraud allegations with the SEC.