regulation @ BehindMLM

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

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

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

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

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

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.

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 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.

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.