MLM @ BehindMLM

The Future Trade has received a securities fraud warning from Belgium’s Financial Services & Markets Authority.

Skyway Capital has been banned in Italy for securities fraud. As per a bulletin issued by CONSOB on September 21st;

The TelexFree Receiver has sent out an email detailing a second distribution to valid claim holders.

Blessings In No Time owners LaShonda Moore and Marlon Moore have asked for protection against FTC depositions.

BitConnect’s Glenn Arcaro has been sentenced to 38 months in prison (just over 3 years).

Meme Club has received a pyramid scheme fraud warning from Russia.

Malaysian police have arrested ten individuals connected to GCG Asia. One of the arrested individuals is GCG Asia founder Darren Yaw.

A group of Italian Traffic Monsoon investors fell for the old “pay your upline instead of the company” MLM Ponzi ruse. The upline was Fabiano Santos, aka Maurizio Longo, who directed his victims to invest upwards of $1 million through his shell company Advertising Corp. Doubling down on his fraud, Santos filed investor claims with [Continue reading…]

Back in 2020 payment processor ePayments announced it was the subject of a freeze order. The freeze order was issued by the FCA, tying up over £100 million in client funds. Those funds are still frozen. Now ePayments has announced it’s shutting down.

Following being found guilty of every count on his Infinity2Global fraud indictment, Richard Maike requested he be released pending sentencing. The court denied the request, ordering Maike remanded to custody. On September 9th Maike filed a motion for reconsideration, asking the court to reverse its earlier decision.