regulation @ BehindMLM

Liyeplimal securities fraud warning issued by COSUMAF

The Commission de Surveillance du Marche Financier de L’Afrique Centrale, better known as COSUMAF, has issued a securities fraud warning against Liyeplimal.

ArbiStar’s Santi Fuentes arrested in Spain

Serial Ponzi scammer Santiago Fuentes has been arrested in Spain. Spanish authorities have charged Fuentes with “belonging to a criminal organization” and money laundering.

Cardiffs continue to conceal assets, alleges FTC

The FTC has opposed the Cardiffs’ latest attempt to access frozen funds, alleging the couple are still actively concealing assets in contempt of court.

Digital Altitude Receivership formally closed

Following a discharge motion filed earlier this year, the Digital Altitude Receivership has been formally closed. The order was made on October 5th, following approval to pay $42,779 to Receivership staff.

AirBit Club civil case stayed pending criminal case outcome

AirBit Club civil proceedings initiated by the SEC have been stayed, pending outcome of the DOJ’s criminal case. The stay order was issued on October 5th, following a letter motion filed by defendants Cecila Millan and Margarita Cabrera.

VPL’s viability grossly overstated, 4 weeks behind schedule

Despite being found to be in contempt, last month Jason Cardiff dodged incarceration based on representations that VPL Medical was a viable business. In a nutshell, the court ruled that Cardiff being put to work for VPL was of more benefit to the FTC than incarceration. As part of that arrangement, the court-appointed Redwood Receiver [Continue reading…]

FTC’s Neora case trial scheduled for October 2022

As per the FTC’s Neora case docket, a three-week bench trial has been scheduled for October 11th, 2022. No that’s not a typo, the trial is two years away.

LuLaRoe fined $95K for “unfair & deceptive” Buy Back Policy

An investigation by the Pennsylvania Attorney General has found LuLaRoe’s Buy Back Policy to be “unfair and deceptive”. The AG alleges LuLaRoe’s business practices are in violation of Pennsylvania Consumer Protection Law.

OneCoin criminal indictment sentencing dates

Given the amount of OneCoin scammers that have been indicted in the US, it’s difficult to keep track of the upcoming sentencing dates. Throw in the pandemic and constant resetting of dates and… well, you’d be forgiven for losing track of who’s being sentenced when. It’s my job to keep track of these things and [Continue reading…]

Saivian trial pushed back to Nov 2021 due to COVID-19 fears

The fear of contracting COVID-19 has seen the Savian fraud trial pushed back again. As per a motion filed on September 18th, defendant Eric Dalius’ attorneys cite concerns about their health.