MLM @ BehindMLM

Validus fraud warning from Belgium’s FSMA

Dec.17, 2022 in companies, regulation, Validus 5 Comments

Validus has received a fraud warning from Belgium’s Financial Services and Markets Authority. As per the FSMA’s December 14th warning;

Sebastian Greenwood pleads guilty to OneCoin fraud charges

Dec.17, 2022 in OneCoin, regulation 89 Comments

Karl Sebastian Greenwood has pled guilty to OneCoin related wire fraud and money laundering charges.

USFIA Ponzi founder Steve Chen dies in prison

Dec.16, 2022 in regulation, USFIA 1 Comment

USFIA founder Steve Chen has died in prison. Following a guilty plea entered back in 2020, Chen was sentenced to to ten years in prison in 2021.

3rd NovaTech FX securities fraud warning from Canada (ONT)

Dec.16, 2022 in companies, NovaTech FX, regulation 23 Comments

The Ontario Securities Commission has issued a NovaTech FX securities fraud warning.

Richard Maike sentenced to 10 years in prison for I2G fraud

Dec.16, 2022 in Global1Entertainment, regulation 2 Comments

Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in prison. Maike will also pay a $100,000 monetary fine, with restitution to be determined next year.

Forcount founder and three promoters sued by SEC

Dec.15, 2022 in companies, regulation 5 Comments

Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC. The SEC has also filed civil fraud charges against three US-based promoters.

Ryan Ginster pleads guilty to wire fraud, faces 20 yrs in prison

Dec.15, 2022 in companies, regulation Leave a Comment

My Micro Profits founder Ryan Ginster has plead guilty to one count of wire fraud.

Forcount founder & top promoters indicted for wire fraud

Dec.15, 2022 in companies, regulation 10 Comments

Forcount Ponzi founder Francisley Valdevino Da Silva (aka Francis Silva), has been indicted in the US and arrested in Brazil. Two top Forcount Ponzi promoters in the US have also been indicted.