GSPartners threatens FinTelegram over regulatory compliance failures
FinTelegram has received a legal threat for acting on GSPartners’ regulatory compliance failures.
As reported here on Behind and verifiable through their respective websites, GSPartners has received securities fraud warnings from multiple Canadian regulators: [Continue reading…]
We Are All Satoshi & Sam Lee D&R from California
Sam Lee and his We Are All Satoshi Ponzi scheme have received a Desist and Refrain Order from California.
As per the Department of Financial Protection & Innovation’s September 27th order; [Continue reading…]
OnPassive’s SEC fraud trial scheduled for June 2025
As per an October 11th, Case Management and Scheduling Order, the SEC’s OnPassive fraud trial will kick off on June 2nd, 2025. [Continue reading…]
Skyway Capital Ponzi reboots with SWGT token
Skyway Capital is at it again. On their umpteenth reboot, the Ponzi scammers are hoping to fleece investors through the newly created SWGT token. [Continue reading…]
i-Payout, Telecom Logic & TD Bank settle with TelexFree CA
International Payout Systems (i-Payout), TD Bank and Telecom Logic have reached a settlement with the ongoing TelexFree class-action. [Continue reading…]
Tori Belle Trustee files for Chapter 7 bankruptcy conversion
The Acting US Trustee for Tori Belle has filed a motion requesting its Chapter 11 bankruptcy be converted to a Chapter 7 liquidation.
The motion was supported by the Trustee for parent company LashLiner, whose own Chapter 11 bankruptcy was converted into a Chapter 7 back in August.
As filed on October 3rd, the Tori Belle Trustee claims; [Continue reading…]
VBit Limited pyramid fraud warning from Russia
VBit Limited has received a pyramid fraud warning from Russia.
As per the Central Bank of Russia’s October 11th warning, VBit Limited exhibits “signs of a financial pyramid” scheme. [Continue reading…]
Paparazzi settles “toxic contaminants” Utah class-action
Paparazzi and Plaintiffs Lori Teske and Terri Franklin have come to a settlement.
Following arbitrage proceedings ordered earlier this year, a joint stipulation was filed on October 10th. [Continue reading…]
Global Aid Club’s Ponzi admin named & shamed (reboot?)
Global Aid Club was a short-lived MLM smart-contract Ponzi.
Global Aid Club’s smart-contract was launched on October 5th, climbed to $222,492 and was then unceremoniously cleaned out on October 8th.
BehindMLM can now reveal Global Aid Club’s primary admin. [Continue reading…]
Preston Capital Review: AI crypto trading ruse Ponzi
Preston Capital fails to provide ownership or executive information on its website.
Preston Capital’s website domain (“prestoncapital.io”), was privately registered on September 12th, 2023.
In an attempt to appear legitimate, Preston Capital claims it is “registered in UK and ha(s) a valid certificate of incorporation.”
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
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…]
