regulation @ BehindMLM

What’s left of Corsair Group has rallied around a recently signed agreement with Shell. As outlined on Shell’s website; September 2024 In Europe, Shell and Corsair sign supply agreement for pyrolysis oil from post-consumer plastic waste produced at Corsair’s chemical recycling facility in Jämsä, Finland. Shell will process the pyrolysis oil at its Chemicals Park in Moerdijk. And [Continue reading…]

Thai authorities have made multiple arrests and seizures pertaining to The iCon Group. The iCon Group is an MLM company marketed across Thailand in Thai. Products detailed on The Icon Group’s website, which is still active, reveal a typical nutritional supplement offering.

Dial A Mula and associated companies have received a securities fraud warning from South Africa’s Financial Sector Conduct Authority (FSCA).

The Generation Zoe Ponzi trial has kicked off in Argentina. Commencing October 16th and expected to run till December 11th, the mammoth trial will determine the future of owner Leonardo Cositorto. Cositorto, appearing in a bulletproof vest alongside co-conspirator Maximiliano Batista, is on trial for criminal association and fraud.

Marcus Brisco has settled with the SAEG Ponzi Receiver for $400,000. The CFTC filed suit against Brisco in January 2023 over his participation in the collapsed SAEG Ponzi scheme. As part of the CFTC’s lawsuit, a Receiver was appointed to “recover assets for the benefit of [SAEG] victims”. On October 7th, a settlement between Brisco [Continue reading…]

RainbowEx fails to provide ownership or executive information on its website. RainbowEx’s website domain (“rainbowex.life”), was was privately registered on July 2nd, 2024. If we look at the source-code of RainbowEx’s website, we find it is localized to Chinese: This suggests whoever is running RainbowEx has ties to China. As always, if an MLM company [Continue reading…]

After pleading guilty to money laundering charges, Firoz Patel’s plan seems to have been do a bit of jail time and then live off $24 million in stashed bitcoin. Unfortunately for Patel the DOJ caught wind of the stash, prompting additional criminal charges filed in May 2023. Patel pled guilty to obstruction last month and [Continue reading…]

US authorities have finally taken action against The Traders Domain Ponzi scammers. On September 30th the CFTC filed suit against Traders Domain FX LTD and several additional corporate and individual defendants. While The Traders Domain itself wasn’t an MLM opportunity, the scam is of interest to BehindMLM due to several MLM Ponzis feeding into it. [Continue reading…]

Authorities in Gujarat have seized another 47.7 crore worth of assets tied to BitConnect (~$5.6 million).

Vortic United has received a securities fraud warning from the British Columbia Securities Commission (BCSC). As per BCSC’s October 7th, 2024 Vortic United warning;