Mind Capital denies securities fraud (lol), reveals Ponzi execs

Mind Capital has issued their response to a securities fraud warning from Spain’s top financial regulator.

Spoiler: It doesn’t address securities fraud. [Continue reading…]

Mark Scott’s OneCoin sentencing delayed till April 2020

Unfortunately the sentencing of OneCoin money launderer Mark Scott has been pushed back, again.

At the conclusion of Scott’s trial, at which he was found guilty, sentenching was scheduled for February 21st.

That was then delayed till sometime after February 24th. [Continue reading…]

Success By Health a $7 million pyramid scheme, alleges FTC

Earlier today, someone claiming to be an “industry observer” tried to convince me that affiliate autoship wasn’t a problem within Success By Health.

No idea if it’s a coincidence or not, but later the same day it emerged the FTC had filed a pyramid scheme lawsuit against the company. [Continue reading…]

BitClub Network scammers plead not guilty, Weeks want out

The arraignments of Matthew Goettsche, Jobadiah Weeks and Joseph Abel were held on January 15th.

All three BitClub Network defendants pled not guilty to the charges the DOJ has leveled against them. [Continue reading…]

Zeek Rewards scammers filed a Supreme Court writ

In a recent update published on the Zeek Receivership website, the Receiver revealed Zeek Rewards’ net-winners attempted to take their case to the Supreme Court.

Not sure how I’d missed it but this was certainly news to me. [Continue reading…]

Youngevity vs. Wakaya trial scheduled for May 2020

Youngevity’s dispute with Wakaya Perfection dates back to 2016.

As I write this there are currently 679 filings in the long-running case, most of which are administrative.

As such I’ve been keeping updates on the case to a minimum, preferring to wait for substantial developments.

As per an order made on December 26th, the case has now been given a trial date. [Continue reading…]

John Wuo, former Arcadia mayor, rcvd $1.8 mill from USFIA

It’s been roughly four and a half years, but John Wuo’s involvement in the USFIA Ponzi scheme has finally been explained. [Continue reading…]

Exchange Wallet founder lies to investors re: securities fraud

If you’re running an MLM company with a passive investment opportunity baked in, you’re offering a security.

In order to offer securities legally, you need to register your opportunity with financial regulators in every jurisdiction you solicit investment in.

Simple enough. Well, not if you’re running Exchange Wallet.

In response to recent securities fraud warnings issued in Germany and Austria, Exchange Wallet’s founder has served up a porky pie sandwich. [Continue reading…]

Uforia Science Review 2.0: Nutrition inspired by DNA?

Uforia Science launched in late 2018. BehindMLM published its original Uforia Science review on December 12th the same year.

In the comments of our review, a reader reached out just over a week ago to let us know our review needed an update.

I took a glance at Uforia Science’s current offering and confirmed.

Today we revisit Uforia Science for an updated review. [Continue reading…]

Mind Capital securities fraud warning issued in Spain

The National Securities Market Commission has confirmed Mind Capital is committing securities fraud in Spain. [Continue reading…]