MLM @ BehindMLM

PGI Global’s UK shell company has been shut down by the High Court. As per a September 13th order, PGI Global UK Ltd has been “wound up” and subject to liquidation.

NovaTech FX has received a securities fraud warning from the British Columbia Securities Commission. As per the BCSC’s October 11th warning;

Vladimir “Lado” Okhotnikov has secured representation against the SEC. As a result, the previously entered Entry of Default has been “exited”.

Golden Way has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s October 26th notice, Golden Way exhibits “signs of a financial pyramid”.

Sailesh Pandey, alleged to be a key IX Global Ponzi insider, was arrested by Indian authorities on October 21st. Pandey, with assistance from brothers Arvind and Rohit, stands accused of laundered over $9 million in stolen funds.

Success Factory has received a pyramid scheme fraud warning from Bermuda. As per the Bermuda Police Service’s April 15th warning, the department

Success Factory’s offices in the Netherlands were raided last Tuesday. FIOD, who investigate financial crimes in the Netherlands, conducted the raid on behalf of Estonian authorities.

As Sam Lee gears up to defraud consumers with his new StableDAO Ponzi, proceedings in Australia are providing insight into his earliest crypto scams.

NewAge has settled violations of the Securities and Exchange Act with the SEC. As per an October 19th order, NewAge consented to a cease and desist.

Following on from a 2017 judgement, James Merrill has now settled with the TelexFree Trustee.