MLM @ BehindMLM

Luiz Capuci and Emerson Pires are selling off real-estate assets in Florida. The assets are frozen as per a Mining Capital Coin injunction, granted to the SEC in June. Now the SEC has moved for contempt against both Defendants.

Matthew Goettsche was a key figure behind BitClub Network, a $722 million dollar Ponzi scheme. Following Goettsche’s arrest in 2019 he pled not guilty. Goettsche was deemed a flight risk though and ordered into custody. Following failed plea agreement negotiations, Goettsche appealed his detention and a $20 million bond was set in December 2020. Goettsche [Continue reading…]

The Future Trade has received a securities fraud warning from Belgium’s Financial Services & Markets Authority.

Skyway Capital has been banned in Italy for securities fraud. As per a bulletin issued by CONSOB on September 21st;

The TelexFree Receiver has sent out an email detailing a second distribution to valid claim holders.

Blessings In No Time owners LaShonda Moore and Marlon Moore have asked for protection against FTC depositions.

BitConnect’s Glenn Arcaro has been sentenced to 38 months in prison (just over 3 years).

Meme Club has received a pyramid scheme fraud warning from Russia.

Malaysian police have arrested ten individuals connected to GCG Asia. One of the arrested individuals is GCG Asia founder Darren Yaw.

A group of Italian Traffic Monsoon investors fell for the old “pay your upline instead of the company” MLM Ponzi ruse. The upline was Fabiano Santos, aka Maurizio Longo, who directed his victims to invest upwards of $1 million through his shell company Advertising Corp. Doubling down on his fraud, Santos filed investor claims with [Continue reading…]