regulation @ BehindMLM

A Spanish court has sentenced GetEasy’s Tiago Fontoura Miranda to ten and a half years in prison. GetEasy was a 2014 MLM Ponzi scheme built around a “GPS tracker” ruse. GetEasy represented it was based out of Macau but was operated from Europe.

The Namibian High Court has ruled that the Bank of Namibia was justified in investigating Coenie Botha’s CBI Global Ponzi scheme.

Authorities in Vietnam have busted the Bitney MLM scheme, which is claimed to have had almost 200,000 promoters. In addition to operating as a pyramid scheme, Bitney also marketed a juice laced with erectile disfunction medication.

A May 23rd court ruling has certified Jason Cardiff flouting court orders will see acquaintances forfeit over half a million dollars.

The Ame Global MLM Ponzi scheme has been busted by Vietnamese authorities. Following registration of a criminal case, involving over 9000 investors, Vietnamese authorities announced they’d “dismantled” Ame Global earlier this week.

On May 15th Iyovia emailed promoters to advise it was abandoning its MLM opportunity on May 23rd. BehindMLM covered this development on May 22nd. Within hours of our article going live, Iyovia advised promoters it is “officially suspending operations”.

Iyovia has received a pyramid fraud warning from Bolivia’s Autoridad de Supervision del Sistema Financiero (ASFI).

Suspected money launderer Christopher Scanlon has had his indictment dismissed. Scanlon was arrested back in 2023. Following failed plea negotiations, Scanlon was then indicted back in March. As per an amended order for dismissal filed on April 30th;

The Kolkata Directorate of Enforcement (ED), has made a number of seizures following raids on May 16th. As reported by the ED on May 20th, raids were connected to an ongoing criminal case targeting TM Traders & M/s KK Traders. These entities are cited as alter-egos of iX Global and TP Global FX.

Josip Heit has been ordered to attend an upcoming Texas hearing in person.