regulation @ BehindMLM

OEA first casualty of 8 Figure Dream Lifestyle fraud lawsuit

In a September 16th court filing, Online Education Academy has advised it is “suspending its business and dissolving as soon as possible”.

London Police drop OneCoin investigation, defer to DOJ

After three years the City of London Police have revealed they’ve dropped their OneCoin investigation. The revelation was made in what appears to be a public request for a case review.

Cloud Token securities fraud warning issued in Mauritius

Mauritius’ Financial Services Commission has issued a securities fraud warning against Cloud Token. In their warning the FSC singles out Cloud Token affiliates promoting the investment opportunity through social media. The groups “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by name.

Vemma victims receive over $2.2 mill back thru FTC settlement

The FTC has advised Vemma victims will soon be receiving settlement checks in the mail.

Investimento Bitcoin under investigation for fraud in Brazil

The Brazilian SEC has launched an investigation into the Investimento Bitcoin Ponzi scheme.

SEC files for default judgment against remaining DFRF defendants

The SEC has filed for default judgement against DFRF Enterprises defendants Daniel Filho, Wanderley Dalman, Gaspar Jesus, Eduardo Da Silva and Romildo Da Cunha. The SEC’s default motions follow the denial of motions to dismiss by Dalman, Jesus and Da Silva. The trio’s lawyers have also withdrawn from the case, following months of non-communication.

TelexFree Trustee urges victims not to sell claims

The TelexFree Trustee has warned against victims selling approved claims.

Brazilian court orders TelexFree (Ympactus) into bankruptcy

A Brazilian affiliate has secured a bankruptcy judgment against TelexFree. What does that mean? …I’m not sure.

QNet spinoff Serfa Marketing shut down, owner arrested

Authorities in India have shut down Serfa Marketing Private Limited, a QNet spinoff launched by former affiliate Baki Srinivas Reddy.

Details of Matt Lloyd’s MOBE settlement + updates

Following “lengthy negotiations” between Matt Lloyd McPhee and the MOBE Receiver, a settlement was reached a few months back. In a September 6th court filing, the Receiver has now revealed details of the proposed settlement.