MLM @ BehindMLM

EmpiresX scammer Joshua David Nicholas has been sentenced to 51 months in prison. Nicholas’ sentence was handed down after 45 minute sentencing hearing, held on November 28th.

Validus has received a securities fraud “scam alert” from the Australian Securities & Investment Commission (ASIC). As per ASIC’s November 18th scam alert;

The EminiFX Receiver has recovered 3658 BTC from payment processor CoinPayments.

Jonathan Tetreault has settled Trade Coin Club fraud with the SEC for $780,795. Tetreault’s Consent Judgment was filed on November 18th, resolving the SEC’s case against him.

NovaTech FX has been issued a securities fraud cease and desist by California’s Department of Financial Protection & Innovation (DFPI). The notice marks the first regulatory action against NovaTech FX by a US regulator.

iComTech founder David Carmona has been arrested in the US. Carmona’s arrest follows indictment by a Grand Jury in the Southern District of New York.

Forsage promoter defendants Carlos Martinez and Alisha Shepperd have settled with the SEC.

FutureNet Ponzi co-founder Stephan Morgenstern has been arrested in Greece. Morgenstern’s arrest was part of a joint operation that took place on October 26th.

Financial Education Services’ court-appointed Monitor (formerly Receiver), has filed his first report. Overall FES has taken steps to address compliance, but top earners appear to still be flouting rules.

In a surprising development, Luxembourg’s government has confirmed it will not contest Frank Schneider’s extradition.