MLM @ BehindMLM

A reader got in contact earlier today to share an odd email from the DOJ, regarding Infinity2Global founder Richard Maike. As per the email, sent out as part of the DOJ’s Victim Notification System on September 8th; Defendant(s), Richard G. Maike, has been released from federal custody. The appeal in the case of defendant(s), Richard [Continue reading…]

The CFTC has secured a $1.7 billion consent judgment against Mirror Trading International. The judgment follows settlement negotiations with South African liquidators, and a Joint Motion to approve the then proposed consent judgment on September 5th. The court signed off on the judgment on September 6th.

Following an asset deposition of Mike Sims back in May, the SAEG Receiver has begun seizing assets tied to fraud.

OneCoin co-founder Sebastian Greenwood is scheduled to be sentenced on September 12th. In the lead up to his sentencing, Greenwood’s lawyer filed a Sentencing Memorandum on August 29th. In the memorandum, Greenwood’s lawyers request Greenwood be sentenced to time served and deported.

The Ontario Securities Commission has filed a Statement of Allegations with Canada’s Capital Markets Tribunal. As per the August 25th filed statement, OSC has requested the CMT certify that NovaTech FX and owner CEO Cynthia Petion committed securities fraud in Ontario; issue a permanent injunction against NovaTech FX prohibiting further acts of securities fraud; reprimand [Continue reading…]

Charles Scoville’s Traffic Monsoon indictment has been dismissed. On August 22nd the DOJ moved to dismiss the indictment. The court granted the motion on August 23rd.

Clynton Marks and accomplices Henri Honiball and Cecil Rowe filed an appeal against the High Court of South Africa’s “Mirror Trading International was an illegal and unlawful scheme” ruling. The ruling, handed down earlier this year in April, paved the way for criminal proceedings and Liquidators going after Marks and co.

A CashFX Group criminal investigation has been confirmed on the UK Police Major Incident Public Reporting Site. As spotted by Harry Page of the FaceBook Group “CashFX (in association with EverFX) Scam – Now What!?“, Essex Police appear to be leading the investigation.

The CFTC has secured a preliminary injunction against the Fundsz Ponzi Defendants. The preliminary injunction was ordered on August 23rd, following consent motions filed on August 21st and 22nd.

A fourth suspect behind the E-Creator “click a button” Ponzi scheme has been arrested. After E-Creator collapsed, Abraham Mutambu fled to his rural home in Chihota, a region in Zimbabwe’s east. Zimbabwe authorities made the arrest last week, presenting Mutambu in court on Saturday.