MLM @ BehindMLM

There have been rumblings that OmegaPro’s collapse is tied to The Traders Domain, a non-MLM Ponzi scheme that also collapsed in late 2022. The implication being that OmegaPro investor funds were commingled into The Traders Domain, which was running its own Ponzi. I haven’t been able to verify anything, and I still can’t – at [Continue reading…]

Vista Network and owner operator Armen Temurian have been sued by the CFTC for commodities fraud. The CFTC alleges, among other things, that Vista Network was a $7 million dollar plus Ponzi scheme.

Sixty QNet scammers have been arrested in Ghana. Authorities claim the scammers continued to promote QNet, in violation of a July 2022 court order banning the pyramid scheme nationally.

Gilbert Armenta’s OneCoin crimes called for a 100 year sentencing guideline. In the lead up to his sentencing, Armenta’s lawyers asked for time served due to the conditions at MCC New York. The DOJ asked for seven years, stating that “any sentence of less than five years’ imprisonment would not (be appropriate).” Following a “lengthy [Continue reading…]

Validus and its promoters have been ordered to cease all business operations in New Zealand. The Financial Markets Authority’s interim stop order was issued on February 16th.

A source has provided insight into APLGO’s current business operations. The company is reported to be behind in commissions for over a year, as well as being behind on inventory payments in “most markets”.

EminiFX founder Eddy Alexandre has pled guilty to one count of commodities fraud. Alexandre’s guilty plea includes $248.8 million forfeiture judgment.

A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz.

On January 27th OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum. The filing was heavily redacted, prompting Inner City Press’ Matthew Lee to file a motion requesting access to an unredacted version. At the request of the court, on February 10th Armenta’s attorneys clarified their position on the redactions. Recognizing that Mr. Armenta’s cooperation [Continue reading…]

Default judgment has been granted against Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari.