MLM @ BehindMLM

Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in prison. Maike will also pay a $100,000 monetary fine, with restitution to be determined next year.

Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC. The SEC has also filed civil fraud charges against three US-based promoters.

My Micro Profits founder Ryan Ginster has plead guilty to one count of wire fraud.

Forcount Ponzi founder Francisley Valdevino Da Silva (aka Francis Silva), has been indicted in the US and arrested in Brazil. Two top Forcount Ponzi promoters in the US have also been indicted.

The USFIA Receiver’s 26th Interim Report details several distribution payment problems.

At the request of the CFTC, an Entry of Default has been recorded against Mirror Trading International CEO Johannes Steynberg.

Richard Maike, Doyce Barnes and Faraday Hosseinipour are trying to weasel out of being found guilty. Following their conviction by jury in September, the trio have filed for an acquittal and retrial.

Infinity2Global defendant Richard Anzalone has drowned in Hawaii. There’s not much to Anzalone’s death. As per an October 17th report from KITV;

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;