regulation @ BehindMLM

Monat has found itself in hot water over alleged deceptive business acts and practices. An investigation by the Florida Attorney General into violations of the Florida Deceptive and Unfair Trade Practices Act (FDUTPA), has resulted in Monat entering into an Assurance of Voluntary Compliance (AVC).

Mining City has received a securities fraud warning from the Philippines SEC. The Philippines SEC has identified Mining City as a “security in the form of (an) investment contract”.

The CFTC has filed suit against Global Trading Club scammers Mayco Alexis Maldonado Garcia, Cesar Castaneda, Rodrigo Jose Castro Molina and Joel Castaneda Garcia.

Jason Cardiff has once again been called out as a lawyer in a California District Court. Unfortunately although being found in contempt, Cardiff has managed to dodge prison time.

Neora’s “we want to legalize pyramid schemes” lawsuit against the FTC has been dismissed.

Rather than clear their names at trial, the 8 Figure Dream Lifestyle defendants have settled with the FTC. As per the proposed settlement, John A. Bain, Alex Dee (aka Alex S. Dowlatshahi), Brian M. Kaplan and Jerrold S. Maurer will cop a $31.9 million judgment. The proposed settlement also applies to corporate defendants 8 Figure [Continue reading…]

Paraiba World has received a securities fraud notice from the German regulator BaFin. As per BaFin’s investigation earlier this year, Paraiba World operated through Paraiba World and NeoMoc Global LTD.

Joseph Frank Abel, better known as Joe, is one of the scammers behind the BitClub Network Ponzi scheme. Late last year, Abel and four co-conspirators were indicted on fraud charges. Following his arrest, earlier this year Abel initially pled not guilty. As revealed in a September 3rd DOJ press-release, Abel has now entered a guilty [Continue reading…]

John Bigatton, former Bitconnect Australian National Representative, is the subject of an ongoing investigation by the Australian Securities and Investments Commission (ASIC). As part of ASIC’s investigation, Bigatton has been slapped with a seven year financial services ban.

Ahead of Mark Scott’s October sentencing, the DOJ has filed a forfeiture motion. As per the motion, the DOJ wants Mark Scott to forfeit a whopping $392 million dollars.