Indian authorities have made five arrests in connection to the Torres MLM Ponzi scheme.

Torres was a jewelry themed MLM crypto Ponzi targeting Indians. The scam appears to have collapsed in the lead up to Christmas 2024.

Torres’ Ponzi ruse was sham jewelry stores set up in India tied to Ukrainian scammers. [Continue reading…]

Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million. [Continue reading…]

Former Monat President Stuart MacMillan and owners Luis and Rayner Urdaneta have settled the legal dispute against them.

As per a January 27th filed Joint Stipulation; [Continue reading…]

DAO1 has received a securities fraud warning from New Zealand’s Financial Markets Authority (FMA). [Continue reading…]

South African authorities have recovered R475,000 from Chinese “click a button” app Ponzi scammers (~$25,640 USD). [Continue reading…]

AI-OPSAi fails to provide ownership or executive information on its website.

AI-OPSAi’s website domain (“ai-opsai.com”), was registered with bogus details on December 7th, 2024.

Of note is AI-OPSAi’s website domain being registered through the Chinese registrar Alibaba (Singapore).

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…]

Back in October 2024 someone registered the domain “behindmlmreviews.com”.

In or around late November, a poor attempt at cloning BehindMLM’s website was attached to the domain.

Now scammers behind the site are charging $500 for fake BehindMLM reviews – and neither the domain registrar or hosting company are doing anything about it. [Continue reading…]

Jason Cardiff has disobeyed court orders instructing him to return to the US by January 19th.

In the lead up to Cardiff’s potential fugitive status, the DOJ executed a previously filed extradition warrant. [Continue reading…]

Eaconomy and co-owner Hassan Mahmoud has filed suit against My Daily Choice owner Josh Zwagil.

In a Nevada suit filed on January 21st, Mahmoud claims Zwagil’s company Creative Brands attempted a “hostile takeover” of Eaconomy. [Continue reading…]

On January 26th BehindMLM published its Vyb review, identifying it as a recruitment-driven pyramid scheme.

Over the 48 hours since:

• Vyb co-owner and CEO Aundray Russell nuked his FaceBook account
• Vyb lost its payment processor
• Vyb’s website has been deleted and
• Vyb co-owner Megan Lynch held a “meltdown” webinar, leaning heavily into religious affinity fraud

Let’s discuss. [Continue reading…]