regulation @ BehindMLM

Following their arrest in 2016, AlphaPool and Bonofa ringleaders Detlef Tilgenkamp, Thomas Kulla, Gernot Fuhr and Martin Böhm have received prison sentences.

As part of ongoing criminal proceedings against Sam Lee, Brenda Chunga and Rodney Burton, the DOJ is seeking HyperFund victim impact statements. Investors who lost money in HyperFund, Hyperverse and/or HyperNation are able to get further details from the DOJ’s website. HyperFund victim impact statements can either be mailed in or emailed (a PDF template [Continue reading…]

The GSPartners spinoff Billionico has received a securities fraud cease and desist from Texas. Named respondents in the Texas State Securities Board’s April 22nd emergency cease and desist order include:

OneCoin’s Mark Scott has secured release pending the outcome of his appeal.

The Alabama Securities Commission has sent out a questionnaire to GSPartners investors. Dated April 15th, the ASC’s questionnaire provides an opportunity for GSPartners investors to provide details pertaining to their individual circumstances. Oh, and the ASC also knows about Billionico…

Gregory Aggesen has pled guilty to conspiracy to commit wire fraud, conspiracy to commit money laundering through promotion and conspiracy to obstruct justice. The charges were filed against Aggesen in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers.

Mardy Eger, aka Marquis Demarking Egerton, has pled guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering with concealment. The charges were filed against Eger in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers.

BFF Crowdfunding has collapsed following a fraud warning from the Australian Securities and Investments Commission. BFF Crowdfunding, which also went by BFF Global Network, was a 400% ROI Ponzi cycler. The scam was run by Mike Taylor, a US resident of Texas.

William White has pled guilty to one count of conspiracy to obstruct justice. The charge was filed against White in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers.

Verse Network has received a securities fraud warning from France. As per the Autorite des Marches Financiers’ April 4th warning, Verse Network is “offering investments in … crypto-assets, without being authorized to do so”.