MLM @ BehindMLM

Gilbert Armenta’s OneCoin crimes called for a 100 year sentencing guideline. In the lead up to his sentencing, Armenta’s lawyers asked for time served due to the conditions at MCC New York. The DOJ asked for seven years, stating that “any sentence of less than five years’ imprisonment would not (be appropriate).” Following a “lengthy [Continue reading…]

Validus and its promoters have been ordered to cease all business operations in New Zealand. The Financial Markets Authority’s interim stop order was issued on February 16th.

A source has provided insight into APLGO’s current business operations. The company is reported to be behind in commissions for over a year, as well as being behind on inventory payments in “most markets”.

EminiFX founder Eddy Alexandre has pled guilty to one count of commodities fraud. Alexandre’s guilty plea includes $248.8 million forfeiture judgment.

A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz.

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.