MLM @ BehindMLM

Daniel Putnam has settled a $12 million fraud case filed against him by the SEC. On January 3rd, the SEC filed a Motion for Entry of Judgment against Putnam. Putnam consented to the requested judgment on December 30th.

Krstic Ponzi empire defendant Jaira David has been sentenced to three years in prison. Upon release David will be subject to two years of supervised release. He’s also been ordered to pay $380,000 in restitution.

Ronald R. Deering has settled Forsage fraud allegations brought against him. Deering was the last of seven Forsage Ponzi promoters sued by the SEC back in August.

The SEC has secured judgment against Nasgo Ponzi defendant Maurice “Butch” Chelliah.

NovaTech FX has received a securities fraud notice from Saskatchewan’s Financial and Consumer Affairs Authority.

Daniel Pacheco and his fellow iPro Network defendants have settled the SEC’s fraud case against them.

Having been convicted of wire fraud and money laundering, former Investview CEO Joseph Cammarata now faces tax fraud criminal charges.

Simon Stepsys, a notorious Ponzi scammer from the UK, has pled guilty to tax fraud. As per a case brought by the UK’s Insolvency Service, Stepsys’ tax fraud related to Simon Stepsys Success International.

Former Investview CEO Joseph Cammarata’s SEC civil fraud case has been reopened. The case, in which Cammarata is alleged to have misappropriated “at least $40 million” through recovery scams, was stayed back in February pending the outcome of parallel criminal proceedings.

A top EverFX executive has been arrested in Spain. Spanish authorities accuse the CashFX Group linked broker of “stealing billions of euros from hundreds of thousands of investors”.