The SEC has filed for default judgement against DFRF Enterprises defendants Daniel Filho, Wanderley Dalman, Gaspar Jesus, Eduardo Da Silva and Romildo Da Cunha.

The SEC’s default motions follow the denial of motions to dismiss by Dalman, Jesus and Da Silva.

The trio’s lawyers have also withdrawn from the case, following months of non-communication. [Continue reading…]

The TelexFree Trustee has warned against victims selling approved claims. [Continue reading…]

A Brazilian affiliate has secured a bankruptcy judgment against TelexFree.

What does that mean?

…I’m not sure. [Continue reading…]

Authorities in India have shut down Serfa Marketing Private Limited, a QNet spinoff launched by former affiliate Baki Srinivas Reddy. [Continue reading…]

Trunited operates in the ecommerce, personal care and nutritional supplement MLM niches.

On its website Trunited provides a virtual office address in the US state of Arizona.

Heading up Trunited is founder Nicolas Porter (right).

In addition to Trunited, Porter also owns the dental practice Risas Dental.

Risas Dental was founded in 2011. Trunited was founded in 2016.

As far as I can tell Trunited is Porter’s first venture as an MLM executive.

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

Counterclaims filed by Nerium against co-founder Dennis Windsor have been settled via an agreed injunction. [Continue reading…]

Nerium Biotech has withdrawn its false advertising lawsuit against Neora. [Continue reading…]

United Capital Investments operates in the MLM cryptocurrency niche. The company fails to provide contact details on its website.

Listed as CEO of the company is Antoun Toubia.

No information about Toubia is provided on United Capital Investments’ website. His Pinterest profile suggests he’s based out of the UK.

Persual of Toubia’s LinkedIn profile reveals he’s knee-deep in cryptocurrency, primarily via advisory roles to various projects.

As per Toubia’s LinkedIn profile bio;

As a knowledgeable and dedicated investment services professional with a Middle Eastern background, Antoun Toubia is founder and Chief Executive Officer at UCI, a private equity company launched in 2008.

In addition to his unique insights, Antoun has extensive experience in private trading and equity investment, venture capital, hedge funds, blockchain technology and crypto-currencies.

I wasn’t able to independently verify any of that.

What I was able to verify is that United Capital Investments’ website domain was first registered in March 2016.

The incomplete address used to register the domain is in Charlestown, Nevis.

Nevis is a scam-friendly jurisdiction with little to no regulation.

There is no legitimate reason for an MLM company to incorporate itself there (note there is no evidence of United Capital Investment having incorporated in Nevis).

As far as I can tell, Antoun Toubia does not have an MLM history.

Read on for a full review of United Capital Investments’ MLM opportunity. [Continue reading…]

A Status Report filed in the BitConnect class-action alleges a number of defendants are hiding from the law. [Continue reading…]

The Faculty of Commercial and Business Sciences (FKPV) is a college in Celje, Slovenia.

FKPV is currently gearing up to hold a three-day “blockchain summer school” event starting September 17th.

As per FKPV’s promotional material for the event;

Don’t miss great lecturers, work in the sections on cryptocurrencies and ICOs, and smart contracts and technology.

Expect insights into the creation of blockchain business models and global trends.

We will select domestic and foreign experts. We will look into more examples in more detail and start creating business models.

Get a seat and fill out an application today.

In late August FKPV published a list of lecturers appearing at the event, among which was Polona Ajdic.

Ajdic is a prominent Slovenian OneCoin promoter. [Continue reading…]