regulation @ BehindMLM

Victims of the Traffic Monsoon Ponzi scheme have been given another 60 days to file claim details. As of the original claim bar date, October 31st, 2024, 660 US and 9205 foreign Traffic Monsoon victims had filed allowed claims with sufficient information. These claims top $45 million. Another 9685 victims have eligible filed claims but [Continue reading…]

CFX Legacy has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added CFX Legacy to its Investor Alert List on December 12th, 2024.

Despite the Australian Securities and Investment Commission (ASIC) issuing two fraud warnings, a group of die-hard investors continue to promote Auratus and Billionico. Today we take a look at how Australian investors are violating ASIC’s Auratus and Billionico fraud warnings.

OakSmart has received a securities fraud warning from New Zealand’s Financial Markets Authority. As per the FMA’s December 19th warning;

Two Malaysian scammers behind SingliWorld and TriumphFX have been jailed. On January 3rd, Leong Koon Wah and Ng Kuan Chuan were sentenced to ten years and six months and seven years and six months respectively.

Sentencing of three BitClub Network scammers have been continued to February 2025.

OneCoin money launderer William Morro has been sentenced to one year probation.

Ontario’s Capital Markets Tribunal has handed down a $2.5 million fine to NovaTech FX and Cynthia Petion.

Following the court’s rejection of a time served plea deal, Mohammed “Moe” Diab’s Allied Walled criminal case is headed to trial.

iComTech Ponzi promoter David Brend has been sentenced to ten years in prison. Brend’s sentence was handed down on December 2nd, following a guilty verdict in March 2024.