Sixty QNet scammers have been arrested in Ghana.

Authorities claim the scammers continued to promote QNet, in violation of a July 2022 court order banning the pyramid scheme nationally. [Continue reading…]

Tiber River announced it was abandoning its MLM business model last month.

Tiber River distributors were still able to generate sales throughout January, with final commission checks going out this month.

On February 14th Tiber River told distributors it was screwing them out of their final commissions. [Continue reading…]

Gilbert Armenta’s OneCoin crimes called for a 100 year sentencing guideline.

In the lead up to his sentencing, Armenta’s lawyers asked for time served due to the conditions at MCC New York.

The DOJ asked for seven years, stating that “any sentence of less than five years’ imprisonment would not (be appropriate).”

Following a “lengthy sentencing proceeding” on February 16th, Gilbert Armenta has been sentenced to five years in prison. [Continue reading…]

Validus and its promoters have been ordered to cease all business operations in New Zealand.

The Financial Markets Authority’s interim stop order was issued on February 16th. [Continue reading…]

Scammers behind Cancri Jewelry are trying to reboot the collapsed Ponzi scheme.

Cancri Jewelry is an eastern European Ponzi scheme. The original Ponzi ruse was a jewelry storefront in Turkey. [Continue reading…]

The Energy Spas Ponzi scheme has collapsed.

Sometime in the last 24 hours Energy Spa’s website has been pulled offline. The scam’s social media profiles have also been deleted. [Continue reading…]

Valentus founder and CEO Dave Jordan has sold the company to Paul Pearson.

How much Pearson bought Valentus for has not been disclosed.

When exactly the sale took place is unclear but top distributors were informed at Valentus’ Sioux Falls headquarters earlier this month. [Continue reading…]

On or around February 11th, Vasayo informed its distributors is was shutting down its MLM opportunity.

The announcement was made via a Zoom webinar, which I’ve unfortunately not been able to find a copy of.

Nonetheless following a tip off from a BehindMLM reader, here’s what I’ve been able to suss out. [Continue reading…]

A source has provided insight into APLGO’s current business operations.

The company is reported to be behind in commissions for over a year, as well as being behind on inventory payments in “most markets”. [Continue reading…]

The Mayo Trade Ponzi scheme has collapsed.

Last week Mayo Trade’s website was updated to reveal “MT 2.0”:

The primary change is withdrawals have been disabled for 90 days. [Continue reading…]