regulation @ BehindMLM

The SEC has sued PGI Global’s Ramil Venture Palafox and several relief defendant accomplices. Ramil Ventura Palafox is the sole named defendant. The SEC has also sued four relief defendants;

PGI Global Ponzi scammer Ramil Ventura Palafox, aka RV Palafox, has been arrested in California. Palafox’s arrest follows a March 13th, 2025 sealed Grand Jury indictment in Virginia.

Profit Connect’s Brent Covar is running another recently launched Ponzi while out on pre-trial release.

Pending court approval, James Ward has settled Apex Financial securities fraud charges brought against him by the SEC. Apex Financial was an MLM crypto Ponzi launched in 2021. The scheme was built around APT, a token Ward created. In its September 2024 Complaint, the SEC alleged Ward defrauded “at least 70 investors” out of “at [Continue reading…]

In a bid to shirk legal responsibility for running a $29 million gifting scheme, Marlon and LaShonda Moore have had a sovereign citizen meltdown. The court isn’t buying it, their attorneys have bailed and LaShonda and Marlon have been arrested again.

Twelve years ago Michael Deese launched the MyAdvertisingPays Ponzi scheme. MyAdvertisingPays, or MAPS as it was called, is believed to have defrauded US and Europe residents out of tens of millions of dollars. By late 2015 MyAdvertisingPays was on the verge of collapse. The Ponzi limped along throughout 2016, with withdrawals halting in early September. [Continue reading…]

Both the GSB and Apertum Texas fraud hearings have been delayed. Following a scheduling notice filed last week, the Texas State Securities Board was set to face off against Apertum and owner Josip Heit on Tuesday April 8th. The hearing was rescheduled sometime yesterday for  May 27th and 28th. At time of publication I don’t [Continue reading…]

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.