Arrest warrant issued for Karatbars International’s Harald Seiz
A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz. [Continue reading…]
Gilbert Armenta’s OneCoin cooperation dossier
On January 27th OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum.
The filing was heavily redacted, prompting Inner City Press’ Matthew Lee to file a motion requesting access to an unredacted version.
At the request of the court, on February 10th Armenta’s attorneys clarified their position on the redactions.
Recognizing that Mr. Armenta’s cooperation has been referenced publicly we have removed redactions to general references to Mr. Armenta’s cooperation and have left redacted specific non-public details concerning his cooperation efforts and the Government’s investigation.
On the eve of Armenta’s sentencing, we take a look at the mostly unredacted Sentencing Memorandum.
Primarily to document the details of Armenta’s cooperation, and what led to the DOJ revoking its intent to file a supporting leniency letter with respect to Armenta’s sentencing. [Continue reading…]
Holton Buggs’ Meta Bounty Hunters Ponzi collapses
Holton Buggs’ Meta Bounty Hunters Ponzi scheme has collapsed.
Behindmlm reader Daz predicted Meta Bounty Hunters would soon experience withdrawal problems last October.
This was based on Meta Bounty Hunters commingling investor funds with The Traders Domain, a Ponzis scheme that collapsed towards the end of 2022. [Continue reading…]
The Traders Domain MLM Ponzi rabbit hole
The Traders Domain isn’t an MLM company. It is however linked to several MLM companies, all of which have since collapsed.
In this article we go down the The Traders Domain rabbit hole and link everything together. [Continue reading…]
Default judg. against Forsage’s Sergey Maslakov & Lola Ferrari
Default judgment has been granted against Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari. [Continue reading…]
WeWe Global & LyoPay Ponzi fraud warning from NZ
WeWe Global and LyoPay have received a “ponzi and pyramid” fraud warning from New Zealand.
As per the Financial Markets Authority’s February 8th warning; [Continue reading…]
Eric Dalius’s Saivian fraud settlement recovers $24 million
Eric J. Dalius’ Saivian settlement has cost him $24 million USD.
On February 3rd the SEC filed a stipulation requesting judgment against Dalius and Savian LLC. [Continue reading…]
FTC & Arkansas file for BINT summary judgment
The FTC and State of Arkansas have filed for summary judgment against Blessings in No Time and owner operators LaShonda and Marlon Moore. [Continue reading…]
Aluva struggling, pivots to crypto securities fraud
BehindMLM reviewed Aluva the same month it launched in June 2021.
In reviewing Aluva, I was kind of neutral on the MLM opportunity.
There’s nothing overtly offensive about Aluva’s MLM opportunity.
Unfortunately there’s also nothing to really hook you in.
Founder Gavin Dickson’s story about his father is a nice touch but the underlying message is basically “look after yourself before it’s too late”.
And you don’t necessarily need an energy drink, multivitamin drink or weight loss supplement to achieve that.
Almost two years into Aluva’s launch, SimilarWeb tracks negligible traffic to its website.
This isn’t definitive, but it’s a good indication Aluva isn’t doing well.
Since launch, Aluva has marketed a range of nutritional supplements.
Then, on or around January 10th, the company announced it was pivoting to AUX.
Participate in the biggest financial shift of the century and get your time back, more freedom, and finances on track using AUX.
This incredible platform launches 1/15!
AUX stands for Aluva University & Exchange; and you can probably guess where this is going… [Continue reading…]
Palm Alliance Management Review: Finance themed Ponzi
Palm Alliance Management fails to provide ownership or executive information on its website.
Palm Alliance Management’s website domain (“palmalliance.com”), was first registered in April 2016. The private registration was last updated on April 19th, 2022, with the current owners taking possession on April 10th.
From the Wayback Machine we can see Palm Alliance Management’s website went live around May 2022.
Despite existing for less than a year, Palm Alliance Management falsely claims on its website it was “founded in 2010”.
As of December 2022, SimilarWeb currently ranks top sources of traffic to Palm Alliance Management’s website as the US (72%), Australia (9%) and Germany (5%).
Indonesia clocked in at 4%, representing an 87% drop in traffic month on month.
The US providing the majority of traffic is suggestive but it’s hard not to ignore the collapse in Indonesia, which came first.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]
