The Profit Connect Receiver has received permission to make an interim distribution.

On December 19th, 2024, the court approved pro rata distribution of $8 million in recovered funds to Profit Connect victims with a valid claim. [Continue reading…]

Citing “unexpected events”, Jason Cardiff’s attorneys filed for a trial continuance on December 4th. [Continue reading…]

A lawsuit filed against Clayton Sampson, aka Clay Sampson, has revealed behind-the-scenes fraud at EnvyTV.

EnvyTV was a pirated content streaming MLM company Sampson launched in 2019.

In November 2020 husband-and-wife Plaintiffs Mary Jane Beauregard and John Hugh Smith, filed suit against defendants: [Continue reading…]

Allied Wallet’s Amy Rountree has been sentenced to time served.

Rountree’s sentence was handed down on December 13th. She is additionally subject to one year of supervised release. [Continue reading…]

Katia Wanzeler has reached a settlement with the TelexFree Trustee. [Continue reading…]

Serial fraudster Andreas Kartrud has been arrested in Sweden.

Kartrud is being held in Malmo, on criminal charges related to 46 million SEK in tax fraud (~$4.1 million USD). [Continue reading…]

The TrageTech Ponzi scheme has collapsed.

TrageTech’s website was disabled on December 12th, following an original October 2024 collapse and multiple US regulatory fraud warnings. [Continue reading…]

Trage Tech, aka Trage Technologies, has received a securities fraud cease and desist from the Georgia Commissioner of Securities.

The Commissioner’s order also cites Eric Ture Muhammad, a serial fraudster and Trage Tech promoter. [Continue reading…]

SAG Quantify fails to provide ownership or executive information on its website.

SAG Quantify operates from two known website domains; “sag-quantify.com” and “sag-quantify.net”. Both domains were registered with bogus details on November 22nd, 2024.

Of note is SAG Quantify’s website domains being registered through the Chinese registrar Alibaba (Singapore).

In an attempt to appear legitimate, SAG Quantify provides a company registration certificate for Invest SAG LTD.

Invest SAG LTD was registered in the UK on November 18th, 2024.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are 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…]

8 Figure Dream Lifestyle’s three co-founders have received prison sentences. [Continue reading…]