regulation @ BehindMLM

SEC seeks Scoville default judgment + Receiver updates

As requested by the SEC, on April 2nd the court clerk recorded entry of default against Charles Scoville. Later that same day the SEC filed for default judgment.


OneCoin money launderer David Pike to plead guilty

Via a letter addressed to the court, David Pike’s attorneys have confirmed the OneCoin money launderer intends to plead guilty.


AirBit Club website blocked in Italy following fraud warning

AirBit Club has been banned in Italy following a securities fraud warning issued by CONSOB. CONSOB is Italy’s SEC equivalent. The regulator issued a securities fraud warning against AirBit Club on March 30th.


Cardiffs found in contempt, dodge prison due to COVID-19

Jason and Eunjung Cardiff have once again been found in contempt of court. Unfortunately due to the COVID-19 pandemic, the pair have been spared prison time.


iPro Network pulling exchange exit-scam amid SEC litigation

If the company’s official Twitter account is to be believed, iPro Network is in the midst of pulling another exchange exit-scam. This is the same iPro Network that was sued by the SEC eleven months ago.


Tanzanian prosecutors to recover $6.9 mill in OneCoin funds

As part of an ongoing investigation, prosecutors in Tanzania have moved to recover $6.9 million in stolen OneCoin investor funds.


BitClub Network scammers denied COVID-19 release

BitClub Network scammers Matthew Goettsche and Joby Weeks have been denied temporary release from prison. The pair had asked to be released based on “particularly harmful implications” related to the COVID-19 pandemic.


Mark Scott released from prison over medical concerns

OneCoin money launderer Mark Scott has been released from prison. The decision was made on the basis of Scott’s current medical condition and concerns over the coronavirus pandemic.


Benjamin Reynolds served, CFTC to file for default

The CFTC’s case against Control Finance CEO Benjamin Reynolds continues. Reynolds was served via notices placed in the Daily Telegraph newspaper. He’s unlikely to have seen them though, because Benjamin Reynolds doesn’t exist.


Redwood Scientific Tech trial delayed due to COVID-19

In what I imagine is going to become a frequently increasing occurrence, the scheduled FTC v. Redwood Scientific Technologies trial has been pushed back.