regulation @ BehindMLM

Citing “unexpected events”, Jason Cardiff’s attorneys filed for a trial continuance on December 4th.

Allied Wallet’s Amy Rountree has been sentenced to time served. Rountree’s sentence was handed down on December 13th. She is additionally subject to one year of supervised release.

Serial fraudster Andreas Kartrud has been arrested in Sweden. Kartrud is being held in Malmo, on criminal charges related to 46 million SEK in tax fraud (~$4.1 million USD).

Trage Tech, aka Trage Technologies, has received a securities fraud cease and desist from the Georgia Commissioner of Securities. The Commissioner’s order also cites Eric Ture Muhammad, a serial fraudster and Trage Tech promoter.

8 Figure Dream Lifestyle’s three co-founders have received prison sentences.

QNet, Oriflame and and fifteen MLM companies have received fraud warnings from India’s Central Consumer Protection Authority (CCPA).

Marco A. Ruiz Ochoa has settled civil iComTech fraud charges with the CFTC. As per the terms of the settlement, Ochoa is

Disgraced MLM veteran Holton Buggs is shamelessly challenging the CFTC’s request for a Traders Domain preliminary injunction. Buggs, who is alleged to have misappropriated millions of dollars through Traders Domain, is the only defendant challenging proceedings.

OakSmart has received a securities fraud desist and refrain order from California’s Department of Financial Protection and Innovation (DFPI). As per DFPI’s December 2nd issued order;

Marcus Todd Brisco, a resident of Hawaii, has settled SAEG fraud charges with the CFTC. SAEG was a Ponzi scheme tied to The Traders Domain, through which a number of MLM Ponzi schemes, among them OmegaPro, are believed to have been funneled into. Brisco, working with co-defendant Michael Shannon Sims, helped launder SAEG invested funds [Continue reading…]