regulation @ BehindMLM

A third Samoan church has been implicated in promotion of the OneCoin Ponzi scheme. Previously the Samoan Seventh Day Adventist Church and Worship Center Christian Church came under fire for funneling their congregations into OneCoin. Both churches were also implicated in money laundering, following Samoa’s ban on OneCoin investment. Now the Samoa Worship Center in [Continue reading…]

Unfortunately the sentencing of OneCoin money launderer Mark Scott has been pushed back, again. At the conclusion of Scott’s trial, at which he was found guilty, sentenching was scheduled for February 21st. That was then delayed till sometime after February 24th.

Earlier today, someone claiming to be an “industry observer” tried to convince me that affiliate autoship wasn’t a problem within Success By Health. No idea if it’s a coincidence or not, but later the same day it emerged the FTC had filed a pyramid scheme lawsuit against the company.

The arraignments of Matthew Goettsche, Jobadiah Weeks and Joseph Abel were held on January 15th. All three BitClub Network defendants pled not guilty to the charges the DOJ has leveled against them.

In a recent update published on the Zeek Receivership website, the Receiver revealed Zeek Rewards’ net-winners attempted to take their case to the Supreme Court. Not sure how I’d missed it but this was certainly news to me.

It’s been roughly four and a half years, but John Wuo’s involvement in the USFIA Ponzi scheme has finally been explained.

If you’re running an MLM company with a passive investment opportunity baked in, you’re offering a security. In order to offer securities legally, you need to register your opportunity with financial regulators in every jurisdiction you solicit investment in. Simple enough. Well, not if you’re running Exchange Wallet. In response to recent securities fraud warnings [Continue reading…]

The National Securities Market Commission has confirmed Mind Capital is committing securities fraud in Spain.

Liechtenstein’s Financial Markets Authority has issued a securities fraud warning against Exchange Wallet.

In light of his lawyers abandoning him, Charles Scoville has decided it’s best he represent himself. Scoville’s first communication with the court is a hand-written letter he’s penned himself. And boy it’s a doozy.