Mark Scott’s trial saw FBI Special Agent Shimko take to the stand.

As revealed in Special Agent Shimko’s cross-examination, the first known OneCoin arrest by US authorities was mid September 2017. [Continue reading…]

On paper OneCoin never officially operated in the US. Unofficially US investors were being fed the same lies and encouraged to sign up.

Spearheading these efforts were Maurice Katz and Sal Leto. Katz and Leto hosted various OneCoin events across the US, with the assistance of local promoters.

One such event was attended by William Horn. [Continue reading…]

Matthew Lloyd McPhee has been handed down a $318 million dollar final judgment. [Continue reading…]

If you ever wondered what day to day life was like in a $4 billion dollar Ponzi scheme, Konstantin Ignatov’s witness testimony is probably your best bet.

BehindMLM reader WhistleBlowerFin has graciously made available transcripts from Scott’s trial late last year.

In addition to his pre-trial testimony and live reporting from the Inner City Press, the following testimony is from Mark Scott’s November 2019 trial.

Konstantin Ignatov was questioned by the DOJ and cross-examined by Mark Scott’s attorney Arlo Devlin-Brown.

I’ve done my best to quote the transcript with minimal editing. There is some overlap between Konstantin’s pre-trial testimony and Inner City Press’ reporting, but I’ve done my best to minimize it.

When combined, I believe all three sources make for compelling reading to anyone who’s been following OneCoin. [Continue reading…]

The Digital Altitude Receiver has opted not to pursue recovery efforts against Paradise Media Ventures and owner John Souza.

In light of that being the last outstanding action for the Receivership, the Receiver has filed for discharge. [Continue reading…]

A March 12th status conference in the Payza case has been rescheduled for April. [Continue reading…]

GoSolar Mining provides no information on its website about who owns or runs the company.

According to the company’s “about us” page on its website,

GoSolar Mining expanded its financing to individual clients since 2017.

GoSolar Mining’s website domain wasn’t privately registered until November 2018. The scheme itself appears to have only launched in late 2019.

GoSolar Mining provides a corporate address in Gibraltar on their website.

Further research reveals this address belongs to virtual office merchant Regus.

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…]

Convicted OneCoin money launderer Mark Scott is facing disbarment.

According to a report from the Miami Herald, Scott has been suspended from practicing law as of last Wednesday. [Continue reading…]

A decision on whether Jason and Eunjung Cardiff are in contempt remains pending, but in the meantime several other motion decisions have gone against them. [Continue reading…]

PetClub 247 operates in the pet supplies MLM niche.

The company provides two corporate addresses in California on its website.

Heading up PetClub 247 is President and CEO Steve Youngblood.

When I looked up one of PetClub 247’s corporate addresses, I noted it was shared with NicMaxx, an e-cigarette company, and inLife.

inLife was an e-cigarette MLM company.

The company last official Facebook post is dated March 2015, and suggests the company was renamed to NicMaxx.

NicMaxx’s last official Facebook post was August 2016.

Both companies still have web presences but appear to be defunct.

Management wise, PetClub 247, inLife and NicMaxx are headed up by the same corporate team; Steve Youngblood, Simon Lu, Gino Ferrare and Craig Youngblood.

Read on for a full review of PetClub 247’s MLM opportunity. [Continue reading…]