regulation @ BehindMLM

iGenius promoters in Poland have been hit with civil fraud charges. Poland’s Office of Competition and Consumer Protection (UOKiK) filed the charges on April 22nd, coinciding with an iGenius securities fraud warning in March.

iGenius has received a caution from New Zealand’s Financial Markets Authority (FMA). As per the FMA’s July 4th iGenius caution;

Investview has settled iGenius securities fraud related allegations with Ontario and Quebec.

LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF). As per AMF’s July 4th LSSC fraud warning;

Homnifi has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added Homnifi to its Investor Alert List on June 30th, 2025.

LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from Saskatchewan’s Financial and Consumer Affairs Authority (FCAA).

Cryptex has received a fraud warning from Germany’s Federal Financial Supervisory Authority (BaFin). As per BaFin’s July 4th Cryptex warning;

Serial fraudster Andreas Kartrud has been sentenced to six years in prison. Norwegian authorities arrested Kartrud in late 2024. Kartrud, who holds dual Norwegian and Swedish citizenship, was then promptly extradited to Sweden.

Former top Iyovia promoter Alex Morton has consented to a preliminary injunction. Morton, one of nine defendants sued by the FTC and State of Nevada in May, stands accused of misappropriating over $76 million through Iyovia (formerly iMarketsLive and IM Mastery Academy).

OmegaPro’s Michael Shannon Sims and Juan Carlos Reynoso have been arrested.