regulation @ BehindMLM

After doing nothing for almost a year while the Crowd1 Ponzi scheme spread like wildfire, South African authorities have clarified the company operates illegally. Well, sort of.

When news of the BitClub Network arrests broke last December, we learned that the grand jury indictments behind the arrest were under seal. And so they remained until all of the defendants were in custody. That condition was finally satisfied last week, following Russ Medlin’s arrest in Indonesia. With Medlin’s arrest came the unsealing of [Continue reading…]

Vietnam’s Competition and Consumer Protection Department has issued fraud warnings against Crowd1 and OneLink.

A Crowd1 investment warning has been issued across Central Africa. In related news Crowd1 investors in South Africa are upset at the company’s latest round of low payouts.

Russ Medlin has been arrested in Indonesia. Indonesian authorities worked with the FBI to apprehend Medlin last Sunday. The arrest follows an Interpol red notice issued last December.

New Zealand’s Financial Markets Authority has issued a scam warning against Skyway Capital and New Economic Evolution of the World (NEEW).

In a bizarre ruling, two OneCoin Ponzi scammers in Germany have been acquitted.

Silver Star Live was a forex themed MLM opportunity we came across in 2019. Based on its business model we concluded that, at a minimum, Silver Star Live was engaged in securities fraud. We first learned of CFTC action against Silver Star Live in late 2019. Two of the company’s co-owners, Candace Ross-Mahmoud and Hassan [Continue reading…]

A Crowd1 securities fraud warning has been issued by New Zealand’s Financial Markets Authority.

Last month we covered the Jason and Eunjung Cardiff’s attempt to have FTC proceedings against them stayed, pending a since withdrawn appeal against the sale of their house. The Cardiffs also argued “they were not afforded due process”, and had a whinge about most of their motions being denied. The court disagreed and denied the [Continue reading…]