regulation @ BehindMLM

Polish prosecutors have seized $6.4 million from Lyoness’ bank accounts. The accounts were held with ING Bank Slaski SA and contain a mix of euros and zloty (PLN).

OneCoin money launderer David Pike has pled guilty to one count of bank fraud. As per a Consent Preliminary Order of Forfeiture, presented at Pike’s October 19th plea control hearing, he is also subject to a $2.09 million dollar judgment.

HyperFund is under regulatory investigation by Germany’s Federal Financial Supervisory Authority (BaFin). As per an announcement issued on October 19th, BaFin has categorized HyperFund as an “unauthorized business”.

TriumphFX has received a securities fraud warning from the Monetary Authority of Singapore (MAS).

CashFX Group has received a securities fraud warning from the Monetary Authority of Singapore (MAS).

The SEC has tracked BitConnect defendant Craig Grant to a hideout in Jamaica. In an October 8th request for an amended summons, the SEC reveals Grant’s hideout address:

Earlier today a reader tipped me off to one of PGI Global’s website domains being seized by US authorities. Initially I was skeptical, owing to the domain in question not being one I was familiar with. Dozens of rabbit holes later, BehindMLM can confirm the domain “prateorsglobal.com” was used by PGI Global and has been [Continue reading…]

Airbit Club defendant Pablo Renato Rodriguez isn’t having a great time in prison. After his arrest and initial denial of bail, Rodriguez contracted COVID-19 in pre-trial custody. This saw him subject to a two month lockdown. Upon release from lockdown and transfer to the Erie County Correctional Facility in New York, Rodriguez then got into [Continue reading…]

The Profit Connect Receiver has booted defendants Brent and Joy Kovar from their Las Vegas home.

Royal Q has received a securities fraud warning from the Philippines.