regulation @ BehindMLM

TelexFree’s Wanzeler & Costa cop 12 yrs prison in Brazil

TelexFree Brazil co-owners Carlos Wanzeler and Carlos Costa have been sentenced to twelve and a half years in prison. The pair have also been fined R$1 million ($183,698 USD) each.

$770 million worth of Jeunesse products seized in China

A report from Morning News Direct Sales alleges that Jeunesse products worth 1.5 billion yuan were seized on May 19th. The haul equates to $210 million dollars in seized inventory, and is the second largest seizure of Jeunesse products to date.

8 Figure Dream Lifestyle defendant’s crypto to be liquidated

Crypto help by the 8 Figure Lifestyle Dream defendants will be liquidated at the current market rate. A preliminary injunction granted last July froze the assets of John Bain, Alex Dee, Brian Kaplan and Jerrold Maurer. The above defendants ran the 8 Figure Dream Lifestyle gifting scheme. Last June the the FTC sued Bain, Dee, [Continue reading…]

Crowd1 securities fraud warning issued in Mauritius

Mauritius’ Financial Service Commission has issued a securities fraud warning against Crowd1.

Unaico case in Pakistan proceeds to arrest phase

An investigation into Unaico executives in Pakistan has progressed to the arrest phase. The National Accountability Bureau is investigating Unaico CEO Dan Andersson and Atif Kamran. The investigation examined the allegation that Anderson and Kamran, through Unaico, caused Rs. 190 million ($1.1 million USD) in losses.

TelexFree Trustee puts up ~40% recovery plan for vote

Just over a week ago the TelexFree Trustee announced he was working on a Plan of Liquidation for filing. On May 6th the plan was filed, revealing what TelexFree victims can expect recovery wise.

Karatbars International securities fraud warning from NZ

New Zealand’s FMA has issued a securities fraud warning against Karatbars International.

Cardiffs’ contempt stay motion infuriates FTC

The FTC isn’t happy about the Cardiffs’ latest attempt to stall regulatory proceedings against them. Eunjung and Jason Cardiff have disregarded this Court’s Orders since the day they were served with the Temporary Restraining Order. They now seek to have the Court stay or set aside three of its Orders, all of which were issued [Continue reading…]

Crowd1 throws Philippine investors under the bus

Crowd1 affiliate investors have been given a glimpse of how the company plans to respond to regulatory action. By throwing them under the bus and abandoning them.

OneCoin class-action stay lifted, case is back on

Plaintiffs in the OneCoin class-action have convinced the Judge to reopen the case. On April 28th a joint letter informed the court of both the plaintiff’s and defendant’s current positions.