MLM @ BehindMLM

EmpiresX and its executives have been sued by the SEC for $40 million in securities fraud. In addition to being fraudulent, Defendants’ offers and sales of EmpiresX securities violated the registration provisions of the federal securities laws. The SEC brings this lawsuit to hold Defendants responsible for their fraud The SEC’s lawsuit was filed on [Continue reading…]

Mirror Trading International CEO Johan Steynberg has been sued by the CFTC. According to the regulator, Mirror Trading International was a $1.7 billion dollar Ponzi scheme.

The FBI has added OneCoin founder Ruja Ignatova to their top ten most wanted list. US authorities have put up a $100,000 reward “for information leading to (her) arrest”.

The SEC has secured a preliminary injunction against Mining Capital Coin. The granted injunction also applies to individual defendants Luiz Carlos Capuci and Emerson Sousa Pires.

As per a Joint Notice filed on June 2nd, the SEC and defendant Eric J. Dalius will return to mediation. With the Saivian fraud trial scheduled for September 2022, this would appear to be the last change for Dalius to settle and avoid potentially harsher penalties in court.

The Central Bank of the Comoros has issued a multi-scam fraud warning for Gold Standard Bank and Dafri Bank. As per the BCC’s 15th June warning;

Bitqyck co-founders Bruce Bise and Samuel Mendez have been sentenced to 50 months in prison each. The IRS initiated a criminal investigation into the pair following failure to report Bitqyck’s taxes in 2016 and 2017.

Two OneCoin money launderers in the UK are fighting extradition to the US. Christopher John Hamilton and Robert McDonald are adamant if they have a case to answer to then it should be in the UK.

Pending the outcome of a criminal investigation, Generation Zoe’s Leonardo Cositorto is being held in Bouwer Prison. From cockroaches to the food, Cositortia isn’t having a great time.

Sebastian Greenwood and the DOJ have reached an agreement on his OneCoin trial scheduling. As per a letter motion filed on June 21st, a May 2023 trial date was requested.