Last month it emerged Robert Oblon had sold off Amplifei to LaCore Enterprises.

Details of the state of Amplifei have since emerged, suggesting the company failed to turn a profit. [Continue reading…]

Following on from news Alan Friedland had opted to settle CompCoin fraud charges with the CFTC, mid-trial no less, details of Friedland’s settlement are now public.

As per a court order approving the settlement on March 24th, Friedland will pay $1.2 million in restitution to CompCoin victims. [Continue reading…]

Defendants LaShonda and Marlon Moore have had their Motion to Dismiss the FTC’s fraud case against them dismissed.

The FTC filed suit against the Moores last June, pertaining to the Blessings in No Time (BINT) gifting scheme. [Continue reading…]

Back in June 2021 the MOBE Receivership announced it had returned $15.2 million to the FTC for distribution.

After a period of uncertainty, the FTC has announced $23 million has been paid out to MOBE victims. [Continue reading…]

Brent Kovar’s penchant for lavishing gifts on women he hired, was revealed by the Profit Connect Receiver last November.

The Temporary Receiver identified three Profit Connect employees with the responsibilities of administering the financial and personnel operations of Profit Connect: SW, a former pharmacy technician hired as the accounting manager and, as she has stated, a long-term girlfriend of Brent Kovar, RU, a former pharmacy technician hired as an accountant, and JM, with no prior job experience who was hired as the junior accountant and receptionist at the warehouse.

The accounting staff could not demonstrate even the most elementary understanding of business accounting best practices, the accounting staff was overcompensated based on their skills and experience, the accounting staff were provided lavish non-cash gifts for their efforts, the accounting staff unquestionably followed Brent Kovar’s every request, and there were unusual and inappropriate relationships with the accounting staff.

“RU” has been identified as Ramona Uriarte. She is the first Profit Connect employee to settle with the Receiver. [Continue reading…]

Leonardo Cositorto is expected to be extradited from the Dominican Republic as early as next Monday.

Cositorto is behind the Generation Zoe Ponzi scheme. He was arrested on an Interpol issued warrant earlier this week. [Continue reading…]

Gauss Global operates in the MLM cryptocurrency niche. The company claims to be a “Dubai-based company”.

Dubai is the MLM scam capital of the world. Through limited extradition treaties and non-regulation of MLM related fraud, Dubai provides scammers a safe-haven.

Any MLM company representing it is based out of Dubai immediately raises red flags.

Heading up Gauss Global is “Dionisio Da Silva Simoes”.

Simoes’ Gauss Global corporate bio is very vague. Other than a corresponding LinkedIn profile, Simoes doesn’t exist outside of Gauss Global marketing.

I was going to write Gauss Global’s executives off as stolen stock photos, save for a marketing video uploaded on March 26th.

The video, uploaded to Gauss Global’s official YouTube channel and purportedly shot in Dubai, features Simoes and General Director “Martin Rojas”:

The guy on the left is Global Master “Bruno Pereira” who, despite having “20 years of network marketing”, also doesn’t exist outside of Gauss Global marketing.

The language spoken in the video is Spanish, which syncs with Gauss Global claiming it’s “a family owned company, from Portugal and Peru”.

I think rather than being from South America, this is more reflective of Gauss Global targeting a Spanish-speaking audience.

Gauss Global’s website domain (“gaussgloballlc.com”), was privately registered on November 30th, 2021.

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…]

Generation Zoe Ponzi scammer Leonardo Cositorto has finally been arrested.

Cositorto had been on the run in Colombia, openly flaunting an Interpol issued international arrest warrant.

Despite publicizing his movements throughout Colombia, it wasn’t Colombian authorities who nabbed Corsitorto.

He was picked up on April 4th in the Dominican Republic. [Continue reading…]

Last October BehindMLM covered YEP begging the public for $1 million, to cover $4.2 million in losses in 2020.

At the time I noted Driven Trading, which was curiously absent from YEP’s SEC filings.

I also noted a “coming soon” automation component being pitched to founders:

That’s now launched, seeing YEP adding securities fraud to its MLM offering.

Well, at least up until very recently. [Continue reading…]

The PlatinCoin Ponzi scheme has been rebooted as PlatinWorld.

PlatinCoin was a Ponzi scheme launched in 2017 by Ponzi promoter turned founder, Alex Reinhardt.

Reinhardt modeled PlatinCoin on the collapsed SwissCoin Ponzi, which he was a top net-winner in.

That’s Reinhardt on the left, celebrating theft of €94,000 EUR from SwissCoin investors. [Continue reading…]