MLM @ BehindMLM

In what might be indirect confirmation Frank Schneider will be extradited to the US, the DOJ moved to unseal his indictment. The court granted the DOJ’s request on December 5th.

Fundz has received a securities fraud cease and desist from California. As per the Department of Financial Protection & Innovation’s November 22nd order;

NovaTech FX has received its second securities fraud warning from Canada. On October 14th the Alberta Securities Commission added NovaTech FX to its Investment Caution List. As per the ASC’s website, companies on the list

EmpiresX scammer Joshua David Nicholas has been sentenced to 51 months in prison. Nicholas’ sentence was handed down after 45 minute sentencing hearing, held on November 28th.

Validus has received a securities fraud “scam alert” from the Australian Securities & Investment Commission (ASIC). As per ASIC’s November 18th scam alert;

The EminiFX Receiver has recovered 3658 BTC from payment processor CoinPayments.

Jonathan Tetreault has settled Trade Coin Club fraud with the SEC for $780,795. Tetreault’s Consent Judgment was filed on November 18th, resolving the SEC’s case against him.

NovaTech FX has been issued a securities fraud cease and desist by California’s Department of Financial Protection & Innovation (DFPI). The notice marks the first regulatory action against NovaTech FX by a US regulator.

iComTech founder David Carmona has been arrested in the US. Carmona’s arrest follows indictment by a Grand Jury in the Southern District of New York.

Forsage promoter defendants Carlos Martinez and Alisha Shepperd have settled with the SEC.