MLM @ BehindMLM

The SEC has secured judgment against Nasgo Ponzi defendant James Hardy. The SEC filed for judgment against Hardy on February 28th. The court granted the motion and ordered judgment on March 7th.

In addition to Pablo Renato Rodriguez, all five other defendants have also pled guilty. On the chopping block we have: Gutemberg dos Santos – AirBit Club co-owner Karina Chairez – AirBit Club Master Council promoter Cecilia Millan – AirBit Club Master Council promoter Jackie Aguilar – AirBit Club National Entrepreneur promoter and Scott Hughes – [Continue reading…]

Pablo Renato Rodriguez has pled guilty to an AirBit Club criminal charge. Rodriguez and partner in crime Gutemberg Dos Santos, were indicted in 2020 on criminal charges relating to AirBit Club.

AutoTrade Golder founder and CEO Dinar Wahyu Saptian Dyfrig, better known as Wahyu Kenzo, has been arrested in Indonesia. Indonesian authorities allege AutoTrade Gold was a 9 trillion INR Ponzi scheme (~$582 million USD).

Joshua David Nicholas has been ordered to pay $3.3 million in restitution. The order follows Nicholas pleading guilty to one count of conspiracy to commit wire fraud last September. That plea led to a 51 month prison sentence, handed down a few months later in November.

The Mirror Trading International tax issue in South Africa is expected to drag into 2024.

Following dozens of complaints from consumers, the Norwegian Gambling Authority sent Be a warning letter last October. The letter advised that the Gambling Authority suspected Be was an illegal pyramid scheme.

Back in the day I associated .IO domains with silly but fun web games. These days .IO domains are synonymous with crypto fraud. Two groups aren’t happy about that, and in 2021 they filed a lawsuit against the .IO domain operator.

A consented to preliminary order has pegged Gilbert Armenta’s OneCoin forfeiture at over $50 million dollars.

Financial Education Services’ Motion to Dismiss FTC proceedings against it has been denied. The FTC filed suit against FES last June, alleging FES was a $467 million pyramid scheme. As part of those proceedings, FES filed a Motion to Dismiss on July 25th.