WeWe Global’s hopes of pitching its Ponzi scheme across Australia and New Zealand throughout February hasn’t gone to plan.

The so-called “Oceania Tour” was met with a hostile reception from New Zealand’s Financial Markets Authority, who issued a Ponzi and pyramid fraud warning on February 8th. [Continue reading…]

Following on from Batched disabling withdrawals towards the end of 2022, founder and CEO Oscar Garcia held a webinar on February 10th.

Speaking to around 150 investors, Garcia laid out what he claims happened in the lead up to Batched’s collapse. [Continue reading…]

EminiFX founder Eddy Alexandre has pled guilty to one count of commodities fraud.

Alexandre’s guilty plea includes $248.8 million forfeiture judgment. [Continue reading…]

A German court has issued an arrest warrant for Karatbars International founder and CEO Harald Seiz. [Continue reading…]

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 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 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 judgment has been granted against Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari. [Continue reading…]

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 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…]