regulation @ BehindMLM

After his arrest in 2023 Jason Cardiff was granted bail, secured by a $500,000 appearance bond. Following Cardiff’s failure to return to the US as ordered last month, the DOJ has now moved for forfeiture of Cardiff’s bond.

Blessings In No Time co-founders Marlon and Lashonda Moore have pled guilty to related criminal charges.

Sebastian Greenwood and Mark Scott have lost their respective OneCoin criminal sentencing appeals.

Two OmegaPro victims have received partially suspended prison sentences in France.

Mavie Global’s FinUp spinoff has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). As per the CNMV’s January 13th FinUp warning;

Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV). A per the CNMV’s January 13th, 2025 warning;

Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator. In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC. As per Bafin’s January 22nd, 2025 warning;

Indian authorities have made five arrests in connection to the Torres MLM Ponzi scheme. Torres was a jewelry themed MLM crypto Ponzi targeting Indians. The scam appears to have collapsed in the lead up to Christmas 2024. Torres’ Ponzi ruse was sham jewelry stores set up in India tied to Ukrainian scammers.

Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million.

DAO1 has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA).