MLM @ BehindMLM

Verse Network has received a securities fraud warning from Russia. As per the Central Bank of Russia’s August 2nd warning, Verse Network exhibits

E-Creator was a typical “click a button” Ponzi targeting Zimbabwe. Run through a mobile app, E-Creator’s ruse was “clicking a button” to create fake product orders. Remarkably, after E-Creator collapsed Zimbabwean authorities were able to make an arrest. A Chinese national and two local accomplices were caught at the airport trying to flee the country.

Xaindex has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s August 1st warning, Xaindex exhibits “signs of a financial pyramid”.

Plexus has settled allegations of mail fraud for $600,000. As per a civil case brought by the DOJ, Plexus

Redwood Scientific Technologies concealer Jacques Poujade has pled guilty to “fraudulently obtaining more than $5.2 million”.

USFIA victims have been given a final August 9th deadline to sort out their claims. Following a July 24th court order, the USFIA Receiver published the following update;

GSPartners and Swiss Valorem Bank have received a securities fraud warning from Ontario, Canada. As per the Ontario Securities Commission’s July 25th, warning;

LaShonda and Marlon Moore have settled fraud charges brought against them for $9.7 million dollars. The Moores are also permanently prohibited running, participating in or having anything to do with MLM.

WETER has received a pyramid fraud warning from the Central Bank of Russia (CBR). As per the CBR’s July 24th warning, WETER exhibits “signs of a financial pyramid” scheme.

BehindMLM published a review of Terrence Pounds’ Keep It 100 Ponzi scheme earlier this month. What I didn’t know at the time is Pounds had previously been indicted on fourteen counts of COVID-19 loan fraud.