MLM @ BehindMLM

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.

Former Investview CEO Joseph Cammarata is having ongoing financial difficulties with his lawyers. The court previously approved $2 million in legal fees be carved out of an asset freeze. Cammarata claims those funds were exhausted prior to his first criminal trial.

Faraday Hosseinipour has been sentenced to 2.5 years in prison. Hosseinipour’s January 5th sentencing follows her mail and securities fraud conviction last September.

US authorities have taken down the “Mike G Deal”. The DOJ and SEC allege $45 million in fraud, and ringleader Neil Suresh Chandran has been arrested. On January 4th, the SEC filed a Complaint naming Chandran, Garry Davidson, Michael Glaspie, Linda Knott, Amy Mossel (Glaspie’s wife), Banner Co-Op Inc., BannersGo LLC and AEO Publishing Inc. [Continue reading…]

Dagcoin scammers Nils Grossberg and Kristijan Ress have reportedly been released by Estonian authorities. The pair, who ran the Dagcoin Ponzi scheme from Estonia, were arrested with two accomplices last October.