MLM @ BehindMLM

Turkish authorities have arrested a second OmegaPro executive. Robert Velghe was arrested in Istanbul on Tuesday, September 3rd.

Four hundred and eighty-seven QNet promoters have been arrested in Ghana. Citing QNet as a Ponzi scheme, authorities in Kumasi made the arrests on September 2nd, 2024.

Following a review of seventy MLM income disclosures, FTC staff have concluded they are “confusing” and “ambiguous”. Specific issues with MLM income disclosure statements cited by the FTC include:

A QNet victim has filed a complaint in Indore, India. Kanishka Parmar, a local QNet promoter, recruited Kusum into QNet on the promise of a Rs. 10 million ROI over five years (~$119,000 USD).

A new iX Global investment fraud case has been opened in Mumbai, India. 200 victims have come forward alleging Rs. 350 million in losses (~$4.1 million USD).

iGenius has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ April 2022 warning;

The Traders Domain has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ August 21st warning;

The SEC has secured a $680,235.05 final judgment against Nutra Pharma. Nutra Pharma’s final judgment is made up of:

Forcount’s Nestor Nunez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Nunez on December 6th, 2022.

Forcount promoter Antonia Perez Hernandez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Hernandez on December 6th, 2022.