MLM @ BehindMLM

Eric J. Dalius has reached a settlement with the SEC over Saivian securities fraud. The news follows the Saivian defendants reentering negotiations with the SEC back in June.

BitClub Network Ponzi scammers Jobadiah Weeks, Silviu Balaci and Joe Abel are scheduled to be sentenced in March 2023. The trio’s respective sentencing dates were rescheduled via an August 12th order:

The Traffic Monsoon Receiver has confirmed Imtiaz Aslam has fled to Dubai. The revelation was made in a motion to serve Aslam by alternative service, filed on July 19th.

Skyway Capital has been added to Lithuania’s blocked website list. As per the Bank of Lithuania, the cited reason for the ban is securities fraud.

Authorities in Argentina have arrested two Generation Zoe accountants. Julieta Sciutti and Maximiliano Mitroff are cited as a “key part” of Generation Zoe’s money laundering.

Disgruntled EminiFX investors have flooded the CFTC case docket with pro se motions. The motions demand the Judge reconsider an earlier order approving EminiFX Receivership expenses.

Hyperverse has received a pyramid scheme fraud warning from the Hungarian National Bank.

Four and a half years after BitConnect collapsed, a victim has registered a complaint with police in India. The victim, identified only as a lawyer in Pune, Maharashtra, claims to have lost “close to 220 bitcoin”.

IM Mastery Academy has received a pyramid fraud warning from Poland’s Office of Competition and Consumer Protection (UOKiK).

CKB168 was a $200 million MLM pyramid scheme that targeted Asian-Americans in the US. Abroad, the majority of CKB168 victims were based in China. The SEC shut down CKB168 all the way back in 2013. In total sixteen CKB168 executives and top promoters were sued. Parallel criminal charges were also filed by the DOJ in [Continue reading…]