BehindMLM: Latest MLM news and reviews

OmegaPro victim vigilantes in France sentenced to prison

Feb.01, 2025 in OmegaPro, regulation 1 Comment

Two OmegaPro victims have received partially suspended prison sentences in France. [Continue reading…]

FinUp securities fraud warning from Spain

Feb.01, 2025 in companies, regulation Leave a Comment

Mavie Global’s FinUp spinoff has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

As per the CNMV’s January 13th FinUp warning; [Continue reading…]

Nimbus Platform & Syncord fraud warning from Spain

Feb.01, 2025 in companies, regulation Leave a Comment

Nimbus Platform and its Syncord reboot have received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores (CNMV).

A per the CNMV’s January 13th, 2025 warning; [Continue reading…]

Skainet Systems securities fraud warning from Germany

Feb.01, 2025 in companies, regulation 1 Comment

Skainet Systems has received a securities fraud warning from Germany’s BaFin regulator.

In its warning BaFin cites both Skainet Systems and purported parent shell company Cermak LLC.

As per Bafin’s January 22nd, 2025 warning; [Continue reading…]

Skainet Systems restricts withdrawals, forced new investment

Feb.01, 2025 in companies 2 Comments

Skainet Systems’ drawn out collapse continues.

Following withdrawal delays throughout December 2024 and incentivizing locking up funds for another six months last month, Skainet Systems is now demanding new investment.

As per reports from investors, if a withdrawal request is made Skainet Systems is demanding new investment equal to 51% of an affiliates’ backoffice balance. [Continue reading…]

Torres Ponzi scheme arrests by Indian authorities

Feb.01, 2025 in companies, regulation Leave a Comment

Indian authorities have made five arrests in connection to the Torres MLM Ponzi scheme.

Torres was a jewelry themed MLM crypto Ponzi targeting Indians. The scam appears to have collapsed in the lead up to Christmas 2024.

Torres’ Ponzi ruse was sham jewelry stores set up in India tied to Ukrainian scammers. [Continue reading…]

David Carmona cops $789K iComTech restitution, $3.7M forfeiture

Jan.31, 2025 in iComTech, regulation Leave a Comment

Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million. [Continue reading…]