regulation @ BehindMLM

Mirror Trading International’s Johann Steynberg arrested in Brazil

Brazilian authorities have arrested Mirror Trading International CEO Johann Steynberg. Steynberg was picked up Goiania on an international arrest warrant issued by Interpol.


Investview subpoenaed by SEC over potential iGenius fraud

Investview has disclosed it was subpoenaed by the SEC on November 9th, 2021. The subpoena sought production of documents, which Investview believes pertains to potential iGenius securities fraud violations.


Bitcoiin defendant John DeMarr to forfeit $3.5 million

Bitcoiin defendant John Demarr will surrender $3,513,305.14 as part of his plea deal with the DOJ.


$94M in TST Tin’Secret assets frozen pending pyramid case

Authorities in China have frozen $94 million of TST Tin’Secret’s assets, on suspicion the company is running a pyramid scheme. The freeze purportedly follows complaints from consumers in China’s northern Hebei province.


Forfeiture Notice added to Kristijan Krstic’s Ponzi indictment

A Forfeiture Notice has been added to Kristijan Krstic’s Ponzi empire indictment. The addition was made through a second superseding indictment, filed on December 28th.


India bans MLM pyramid schemes… again?

India has banned MLM pyramid schemes through new Consumer Protection Rules. The rules were enacted in 2021, giving MLM companies 90 days to comply. As reported by MoneyLife;


CashFX Group securities fraud warning from Spain

CashFX Group has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).


Kangot securities fraud warning issued by Spain

Kangot has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).


Mido Finance securities fraud warning from Spain

Mido Finance has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).


Intelligence Prime Capital securities fraud warning from Russia

Intelligence Prime Capital has received a securities fraud warning from the Central Bank of Russia.