MLM @ BehindMLM

India’s Enforcement Directorate (ED) has prosecuted Amway for money laundering. The charges were filed under India’s Prevention of Money Laundering Act, with the underlying investigation dating back to 2011.

The collapsed PrivaFund Ponzi scheme is under criminal investigation in Austria.

Benjamin Herzog’s 23 year old ex-girlfriend has testified in the EXW Wallet criminal trial against him. Herzog was indicted and arrested on EXW Wallet related fraud charges in August. His criminal trial in Austria began in September.

Serial MLM crypto Ponzi scammer Jeremie Sowerby has been indicted and arrested again, this time for Softek and Justice Capital related fraud.

Dennis Dvorin has pled guilty to criminal charges related to the Infinity2Global Ponzi scheme. On November 17th, Dvorin pled guilty to one count of securities fraud.

A UK court has refused extradition of Christopher Hamilton to the US. Hamilton was indicted back in 2019. He stands accused of laundering over $100 million in stolen OneCoin Ponzi funds.

NovaTech FX and owners Cynthia and Eddie Petion have been charged with securities fraud in Washington. A cease and desist order and Statement of Charges was filed against NovaTech and the Petions on October 27th.

GSPartners has received a securities fraud cease and desist order from Wisconsin’s Department of Financial Institutions (DFI). As per a November 16th notice filed by DFI’s Securities Division, GSPartners has been engaging in an international scheme to illegally sell fraudulent investments. Its scheme is being driven by an international confederation of multilevel marketers that have [Continue reading…]

Kentucky’s Department of Financial Institutions has filed a lawsuit against GSPartners and owner Josip Heit. The lawsuit is the first step to obtaining a cease and desist order related to securities fraud.

GSPartners and three Canadian promoters have received a temporary order from the British Columbia Securities Commission. The order is part of a “coordinated U.S.-Canada enforcement action”, targeting GSPartners.