regulation @ BehindMLM

The North American Securities Administrators Association (NASAA), has cited thirteen GSPartners enforcement actions as examples of US state regulators “fighting fraud”.

Grokr Exchange fails to provide ownership or executive information on its website. Grokr Exchange operates from six known website domains: grokrwaid.com – privately registered on April 19th, 2025 grokr-lssc.com – privately registered on May 23rd, 2025 grokrmail.com (domain disabled, used for support email) – privately registered on February 19th, 2025 grokrx3wf.com (already abandoned) – privately [Continue reading…]

Shao Bank has received a desist and refrain fraud order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s August 13th Shao Bank order;

Beonbit has received a desist and refrain fraud order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s August 13th Beonbit order;

Ramil Ventura Palafox, founder of the PGI Global Ponzi scheme, has pled guilty to two counts of fraud. Palafox’s plea agreement was filed on September 16th and received court approval the same day.

Optimus VIP has received a desist and refrain fraud order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s August 13th Optimus VIP order;

Scott Lee Huss, aka Jryako (right), has been sentenced to 27 months in prison. Huss (right) was indicted under seal on multiple counts of fraud in February 2025. Huss’ criminal charges include wire fraud, mail fraud, money laundering and impersonating a foreign diplomat, consul or officer.

Fintoch has received a desist and refrain fraud order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s August 13th Fintoch order;

Nine promoters of the Coinplex Ponzi scheme have been arrested in Poland.

Another fifty-five victims of MLM human trafficking have been deported from Ghana.