regulation @ BehindMLM

Barnaje DAO has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added Barnaje DAO to its Investor Alert List on April 7th, 2025.

Following an investigation that began in 2023, iGenius has received a securities fraud warning from Poland’s Office of Competition and Consumer Protection (UOKiK).

WeWe Global has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). ASIC added WeWe Global to its Investor Alert List on April 8th, 2025.

Last November the long-running forex scam IM Mastery Academy rebooted as Iyovia. No official reason was given for the rebranding, prompting me to speculate; If I had to guess, IM Mastery Academy rebranding as Iyovia probably signals we’re getting close to the outcome of the FTC’s investigation. On May 1st the FTC and Nevada filed [Continue reading…]

Cryptex has received a securities fraud warning from Austria’s Financial Market Authority (FMA). As per the FMA’s April 12th, 2025 Cryptex warning;

The SEC has sued PGI Global’s Ramil Venture Palafox and several relief defendant accomplices. Ramil Ventura Palafox is the sole named defendant. The SEC has also sued four relief defendants;

PGI Global Ponzi scammer Ramil Ventura Palafox, aka RV Palafox, has been arrested in California. Palafox’s arrest follows a March 13th, 2025 sealed Grand Jury indictment in Virginia.

Profit Connect’s Brent Covar is running another recently launched Ponzi while out on pre-trial release.

Pending court approval, James Ward has settled Apex Financial securities fraud charges brought against him by the SEC. Apex Financial was an MLM crypto Ponzi launched in 2021. The scheme was built around APT, a token Ward created. In its September 2024 Complaint, the SEC alleged Ward defrauded “at least 70 investors” out of “at [Continue reading…]

In a bid to shirk legal responsibility for running a $29 million gifting scheme, Marlon and LaShonda Moore have had a sovereign citizen meltdown. The court isn’t buying it, their attorneys have bailed and LaShonda and Marlon have been arrested again.