regulation @ BehindMLM

UbitEx has received a securities fraud warning from France’s Autorite des Marches Financiers (AMF). As per the AMF’s February 13th, 2025 warning, Ubitex is “blacklisted by the AMF because it offers financial services or products without being authorized”.

An associate of DAO1’s Alexandru Nicolae Bodi (aka Alex Bodi), has been arrested in Romania. Late last year Horatiu Potra was “arrested for allegedly planning to instigate unrest in Romania.”

The SEC has dropped Oscar Garcia from its ongoing Batched investigation.

US authorities have confirmed an arrest warrant has been issued against fugitive Jason Cardiff.

Trade Coin Club founder Douver Braga has been denied release pending trial. In explaining why Braga was denied release in its February 28th order, the court wrote;

USI-Tech co-founder Horst Costa Jicha has been added to the FBI’s most wanted list. As per Jicha’s most wanted list entry;

Forcount Ponzi scammer Antonia Perez Hernandez has been sentenced to 30 months in prison.

Following contempt proceedings initiated against him, Alejandro Santiestaban, aka Alex Santi, has been ordered to cooperate with the Traders Domain Receiver. Santi will also foot half the Receiver’s legal costs in getting him to follow the court’s orders.

A Grand Jury has indicted Profit Connect founder Brent Carson Kovar. Kovar, a Nevada resident, was indicted on February 12th and arrested on February 13th.

Romanian authorities have raided the offices of CryptoData, a crypto development firm co-founded by Ovidiu Toma and Bogdan Mărunțiș. Toma is a serial fraudster tied to multiple MLM crypto Ponzi schemes.