regulation @ BehindMLM

Wiseling securities fraud notice issued in Bahamas

Wiseling has received a securities fraud notice from the Securities Commission of the Bahamas. It should be noted what the Wiseling collapsed last month. The Ponzi scheme’s CEO, Matias Lappo, has been outed as an actor from St. Petersburg.


Karatbars securities fraud notice issued in Bahamas

Karatbars International has received a securities fraud notice from the Securities Commission of the Bahamas.


Liyeplimal & CHY Mall fraud warnings issued in West Africa

Liyeplimal and CHY Mall have come under fire by the Le Conseil Régional de l’Epargne Publique et des Marchés Financiers (CREPMF). According to CREPMF, Liyeplimal and CHY Mall are “unauthorized actors … collecting irregular funds from the public” in the region.


Still no VPL mask sales, FTC questions contract discussions

About a month ago this was the status of VPL Medical’s mask sales: As of February 24, 2021, no new sales contracts have been executed. As per a joint status report filed on March 26th, here’s the latest: As of March 24, 2021, no sales contracts have been executed. Oh my.


CHY Mall pyramid scheme warning issued in Rwanda

CHY Mall has received a pyramid scheme warning from Rwanda’s Ministry of Trade and Industry (MINICOM). According to MINICOM, Century Heng Yue (dba CHY MALL) was initially registered ‘to do e-commerce business’ in Rwanda. Following a joint investigation however, Rwandan authorities have concluded CHY Mall has “diverted to (a) pyramid scheme”.


$571 million judgment against Control Finance’s Boris CEO

The CFTC has secured a $571 million dollar judgment against Control Finance CEO Benjamin Reynolds. There’s just one problem… Benjamin Reynolds doesn’t exist.


Mark Scott requests OneCoin sentencing be delayed indefinitely

In an endorsed memo filed on March 18th, convicted OneCoin money launderer Mark Scott has requested his sentencing be delayed indefinitely.


CashFX Group securities fraud warning issued by Jersey

CashFX Group has received a securities fraud warning from the Jersey Financial Services Commission (JFSC). Just so we’re clear, that’s Jersey the UK dependency not New Jersey in the US.


Forsage securities fraud cease and desist issued in Montana

Forsage has been issued a securities fraud cease and desist from Montana’s Commissioner of Securities and Insurance.


Kristijan Krstic Ponzi empire extraditions on hold

US authorities’ efforts to extradite Kristijan Krstic and several accomplices have hit a roadblock. In a decision handed down either earlier this week or late last week, the Belgrade Court of Appeals has overturned previously granted extradition requests.