regulation @ BehindMLM

Following a review of seventy MLM income disclosures, FTC staff have concluded they are “confusing” and “ambiguous”. Specific issues with MLM income disclosure statements cited by the FTC include:

A QNet victim has filed a complaint in Indore, India. Kanishka Parmar, a local QNet promoter, recruited Kusum into QNet on the promise of a Rs. 10 million ROI over five years (~$119,000 USD).

A new iX Global investment fraud case has been opened in Mumbai, India. 200 victims have come forward alleging Rs. 350 million in losses (~$4.1 million USD).

iGenius has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ April 2022 warning;

The Traders Domain has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ August 21st warning;

The SEC has secured a $680,235.05 final judgment against Nutra Pharma. Nutra Pharma’s final judgment is made up of:

Forcount’s Nestor Nunez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Nunez on December 6th, 2022.

Forcount promoter Antonia Perez Hernandez has pled guilty to conspiracy to commit wire fraud. The charge was part of a superseding indictment, filed against Hernandez on December 6th, 2022.

The SEC has filed charges against the collapsed QZ Asset Management Ponzi scheme. The SEC’s Complaint, filed in South Dakota on August 26th, names QZ Global Limited, QZ Asset Management Limited and Blake Yeung Pu Lei as defendants.

A top TVI Express scammer has had their assets frozen in South Africa. Describing TVI Express as “South Africa’s biggest pyramid scheme”, the High Court in Johannesburg has ordered the estate of Adelaide Musa Duma “provisionally sequestrated”.