regulation @ BehindMLM

PayDiamond scammer Dilhermano Gonçalves arrested in Brazil

Brazilian authorities have arrested Dilhermano Pereira Gonçalves, a key figure in the PayDiamond Ponzi scheme.


Details of Konstantin Ignatov’s OneCoin guilty plea

Courtesy of Matthew Russell Lee from the Inner City Press, details of Konstantin Ignatov’s guilty plea have been made public.


InfoTrax settle FTC Act consumer privacy and security violations

The FTC has gone after MLM services provider InfoTrax for multiple violations of the FTC Act.


Karatbars fraud warnings issued in Germany & South Africa

Regulators in Germany and South Africa have issued fraud warnings pertaining to involvement in Karatbars International.


DOJ: Emails prove Mark Scott knew OneCoin was fraudulent

The DOJ has filed a letter requesting several communications be admitted as evidence, on the grounds they prove Mark Scott knew OneCoin was fraudulent.


Daniel Pacheco’s hilarious fraud lawsuit answers rejected

Daniel Pacheco’s hilarious answers to the SEC’s iPro Network fraud lawsuit have been rejected by the court.


Major roadblock for TelexFree victim distributions removed

Unbeknown to me (and I imagine a fair for of you), the Plaintiff’s Interim Executive Committee (PIEC) and TelexFree Trustee have been at loggerheads over investment flow. Following two rulings that sided with the Trustee on the matter, now a First Circuit appeal decision has also followed suit.


Konstantin’s testimony drops one OneCoin bombshell after another

Mark Scott’s OneCoin trial is taking place over the next few weeks. The highlight of proceedings so far has been Ruja Ignatova’s brother, Konstantin Ignatov, trotted out as a cooperating witness. Ignatov’s testimony, yesterday in particular, has provided us with a few interesting bombshells.


Konstantin testifies for DOJ, turns on OneCoin and sister

Konstantin Ignatov has appeared as a witness for the DOJ. Examination by prosecutors spanned questions about his involvement in OneCoin, working under his sister, Ruja Ignatova, and Mark Scott’s visit to the Sofia head office.


Cardiffs incarcerated, Poujade fined $5000 a day for contempt

A long history of ignoring court directives has resulted in an incarceration order for Jason and Eunjung Cardiff. Jacques Poujade, who the FTC allege helped the Cardiffs conceal hundreds of thousands of dollars, will also be fined $5000 a day for non-compliance.