regulation @ BehindMLM

Mark Scott’s OneCoin trial is taking place over the next few weeks. The highlight of proceedings so far has been Ruja Ignatova’s brother, Konstantin Ignatov, trotted out as a cooperating witness. Ignatov’s testimony, yesterday in particular, has provided us with a few interesting bombshells.

Konstantin Ignatov has appeared as a witness for the DOJ. Examination by prosecutors spanned questions about his involvement in OneCoin, working under his sister, Ruja Ignatova, and Mark Scott’s visit to the Sofia head office.

A long history of ignoring court directives has resulted in an incarceration order for Jason and Eunjung Cardiff. Jacques Poujade, who the FTC allege helped the Cardiffs conceal hundreds of thousands of dollars, will also be fined $5000 a day for non-compliance.

Silver Star Live and owners Hassan Mahmoud and Candace Ross-Mahmoud have agreed to settle Commodity Exchange Act violations.

Charles Scoville’s bid to legalize Ponzi schemes through the Supreme Court has come to an end.

The FTC has filed a lawsuit against the MLM company Neora (formerly Nerium), and owner Jeff Olson. According to the FTC, Neora has operated as a pyramid scheme since inception as Nerium International in 2011.

Just shy of two weeks ago the Traffic Monsoon Receiver requested permission to engage Canadian attorneys. The attorneys are required to pursue judgement against Canadian Traffic Monsoon net-winners. On October 28th the Receiver’s motion was denied.

The DOJ has hit back at Mark Scott’s motions in limine, labeling them a transparent attempt to whitewash the trial of the defendant’s criminal conduct and curtail significantly the Government’s ability to introduce relevant evidence. Below are the main arguments Scott’s attorney put forth that the DOJ object to.

Mark Scott’s attorney has put forward the extraordinary argument that lying to banks isn’t bank fraud.

The Traffic Monsoon Receiver has requested permission to engage local counsel to pursue Canadian net-winners.