regulation @ BehindMLM

Kristijan Krstic has pled guilty to conspiracy to commit wire fraud and securities fraud. Krstic’s plea agreement was filed in Texas on April 1st. As per the filing, Krstic is facing up to twenty years on both counts and fines of up to $5.25 million.

Apertum and owner Josip Heit are set to square off against the Texas State Securities Board on April 8th. The scheduled hearing follows a TSSB securities fraud enforcement order issued last month, and subsequent request from Apertum and Heit for a hearing.

Grenada’s National Cyber Security Incident Response Team (CSIRT), has issued a “list of verified scams” warning. The warning, published back on January 16th, names several MLM companies being promoted locally.

Crown Global has received a securities fraud warning from the Ontario Securities Commission (OSC). As per the OSC’s March 24th warning;

The EminiFX Receiver has filed a clawback lawsuit against former CFO Clarelle Dieuveuil, aka Marie Dieuveuil and Clarelle Alexandre. The Receiver claims Dieuveuil, wife of EminiFX founder Eddy Alexandre, misappropriated “over $500,000”.

Earlier this month Paparazzi abruptly terminated its Washington State consultants. Paparazzi made no mention of any pending enforcement action, but it felt like the company was withholding information. A February 27th judgment reveals Paparazzi settled pyramid fraud allegations in Washington for $1.9 million.

Christopher James Scanlon has been indicted following failure to reach a plea agreement.

Crowd1 has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF). As per the AMF’s March 14th Crowd1 warning; Crowd1 is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. Offering unregistered securities in violation of Quebec financial law constitutes securities fraud.

PetronPay has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF). As per the AMF’s March 14th PetronPay warning; PetronPay [is] not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. Offering unregistered securities in violation of Quebec financial law constitutes securities fraud.

Apertum has received a securities fraud cease and desist order from Texas. The Texas State Securities Board (TSSB) groups Apertum, the blockchain tied to GSPartners reboot DAO1 and GSPro+, with “illegal and fraudulent securities schemes” run by Apertum associated Respondents.