MLM @ BehindMLM

QZ Asset Management has received a securities fraud warning from South Africa. The Financial Sector Conduct Authority (FSCA), claims it opened an investigation following complaints from consumers.

A disbarred lawyer has filed a case against the Norwegian government. At a ten day hearing that started on May 25th, Per Danielsen, of the firm Danielsen & Co. AS, is accused of working with OneCoin’s Ruja Ignatova.

The Central Bank of Sri Lanka has issued a warning on eight MLM pyramid schemes. Scams named in the Central Bank’s May 31st notice include:

QZ Asset Management has received a Ponzi fraud warning from the Philippines. As per the Philippine SEC’s May 30th advisory;

Three QNet executives have been arrested on pyramid scheme fraud charges in Hyderabad, India. As reported by India Today on May 30th;

Swiss Valorem Bank and GSPartners have received a securities fraud warning from British Columbia, Canada.

As per a Status Report filed by the SEC on May 4th, Ryan Evans has refused to settle his Saivian fraud case. The parties have met and conferred several times regarding the potential to resolve this matter, including after the resolution of the matter as to the other defendants. Unfortunately, the parties have so far [Continue reading…]

IM Mastery Academy has received a securities fraud warning from Luxembourg’s Commission de Surveillance du Secteur Financier. As per the CSSF’s May 24th warning;

Nextgen crypto assets have been seized in Australia under suspicion of money laundering. In a May 26th notice addressed to NextGen,  the Australian Transaction Reports and Analysis Center (AUSTRAC) states they

GSPartners has received a securities fraud warning from the Alberta Securities Commission. The ASC added GSPartners to its “Investment Caution List” on May 19th, 2023.