MLM @ BehindMLM

Skyway Capital has been added to Lithuania’s blocked website list. As per the Bank of Lithuania, the cited reason for the ban is securities fraud.

Authorities in Argentina have arrested two Generation Zoe accountants. Julieta Sciutti and Maximiliano Mitroff are cited as a “key part” of Generation Zoe’s money laundering.

Disgruntled EminiFX investors have flooded the CFTC case docket with pro se motions. The motions demand the Judge reconsider an earlier order approving EminiFX Receivership expenses.

Hyperverse has received a pyramid scheme fraud warning from the Hungarian National Bank.

Four and a half years after BitConnect collapsed, a victim has registered a complaint with police in India. The victim, identified only as a lawyer in Pune, Maharashtra, claims to have lost “close to 220 bitcoin”.

IM Mastery Academy has received a pyramid fraud warning from Poland’s Office of Competition and Consumer Protection (UOKiK).

CKB168 was a $200 million MLM pyramid scheme that targeted Asian-Americans in the US. Abroad, the majority of CKB168 victims were based in China. The SEC shut down CKB168 all the way back in 2013. In total sixteen CKB168 executives and top promoters were sued. Parallel criminal charges were also filed by the DOJ in [Continue reading…]

Top US Forsage promoter Mark F. Hamlin has settled a securities fraud lawsuit brought against him by the SEC.

Eric Tippetts has settled securities fraud allegations brought against him by the SEC. The violations pertain to Tippetts involvement in Nasgo and ShareNode, a combined $10 million Ponzi scheme.

Bank of Hodlers was an Indian “blockchain based finance company” created by Darshan Bathija in 2018. BehindMLM reviewed Bank of Hodlers in June 2019, concluding it was a simple shit token exit-scam MLM crypto Ponzi. Bank of Hodlers went on to collapse in 2021, prompting Bathija to drop MLM and reboot as Vauld. Vauld solicited [Continue reading…]