Clayton Thomas has received an $844,706 judgment in his SEC fraud case.

Thomas’ June 9th judgment also includes an injunction, permanently prohibiting further violations of the Securities and Exchange Act. [Continue reading…]

GoodbuyKK fails to provide ownership or executive information on its website.

GoodbuyKK’s website domain (“goodbuykk.com”), was privately registered on March 3rd, 2023.

If we look at GoodbuyKK’s website source-code, we find Chinese:

This strongly suggests whoever is running GoodbuyKK has ties to China.

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…]

Dmatrx fails to provide executive or ownership information on its website.

Dmatrx’s website domain (“dmatrx.com”), was privately registered on April 24th, 2023.

Of note is Dmatrix citing Singapore time on their website;

To receive profits at 00:00 Singapore time, please add Singapore time to the phone clock to view.

While not definitive, this suggests whoever is running Dmatrx might be based out of Singapore.

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…]

Belgium’s Financial Services and Markets Authority has issued an Intelligence Prime Capital fraud warning.

The FSMA cites Intelligence Prime Capital as a “new fraudulent trading platform”. A bit odd considering the Ponzi scheme collapsed in February 2022. [Continue reading…]

Family First Life has settled another robocall fraud lawsuit filed against it, this time in Florida. [Continue reading…]

Former Investview CEO Joseph Cammarata has been sentenced to ten years in prison for recovery scamming.

Cammarata will also have to pay $31.2 million in restitution. [Continue reading…]

French authorities have dropped the ball, allowing OneCoin’s Frank Schneider to flee pending extradition to the US. [Continue reading…]

Four days after Luxembourg’s Commission de Surveillance du Secteur Financier issued a securities fraud warning, IM Mastery Academy held a marketing event in Kirchberg on May 29th.

Police raided the event, which targeted “young students”, after receiving complaints from parents.

The raids led to the arrest of several organizers of the event. IM Mastery Academy’s founder Chris Terry doesn’t appear to have been in attendance. [Continue reading…]

On May 16th BehindMLM reported Manifest was committing securities fraud via Simply Success.

Less than 24 hours later Simply Success was abandoned. Now Manifest’s securities fraud is going by The Latest Wave. [Continue reading…]

The UK’s Financial Conduct Authority has announced

a crackdown on financial advertising amid concerns about “the ease and speed with which people can make high-risk investments”.

Of note is the banning of “refer a friend” commissions, which all MLM crypto schemes offer. [Continue reading…]