regulation @ BehindMLM

Samoa Worship Centre in NZ tied to OneCoin Ponzi

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…]

Mark Scott’s OneCoin sentencing delayed till April 2020

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.

Success By Health a $7 million pyramid scheme, alleges FTC

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.

BitClub Network scammers plead not guilty, Weeks want out

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.

Zeek Rewards scammers filed a Supreme Court writ

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.

John Wuo, former Arcadia mayor, rcvd $1.8 mill from USFIA

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

Exchange Wallet founder lies to investors re: securities fraud

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…]

Mind Capital securities fraud warning issued in Spain

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

Exchange Wallet securities fraud warning from Liechtenstein

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

Charles Scoville sends bizarre god letter to court

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.