Back in September the US Commodities Futures Trading Commission (CFTC) filed a lawsuit against Timothy Baggett, Kimball Parker, Make Your Future, Changes Worldwide, and Changes Trading.

Timothy Baggett and Kimball Parker failed to respond to the lawsuit. The CFTC subsequently filed for an Entry of Default which was granted against both defendants last month.

The CFTC had also sought an Entry of Default against Changes Worldwide and Changes Worldwide. Owing to procedural issues however, the motions were denied. [Continue reading…]

Of the named net-winner defendants being pursued by the Zeek Rewards Receiver, default judgement has been granted against Michael Van Leeuwen ($1.6 million), Darryle Douglas ($2.2 million), Todd Disner ($2 million), David Sorrells ($1.19 million) and Trudy Gilmond ($2.1 million).

Following summary judgement granted against Zeek’s net-winners just over a week ago, the Receiver filed for final judgement against the remaining named net-winner defendants. [Continue reading…]

The TelexFree victim claim portal went live earlier this year in May.

In September, the TelexFree Trustee sought an extension to the claim deadline. This request was approved, with an extension for filing victim claims granted until December 31st, 2016.

With the deadline only a few weeks ago, the Trustee has again sought a deadline extension. [Continue reading…]

Realizing the gig was up, Carlos Wanzeler fled the US as regulators closed in on TelexFree.

As one of the owners of the TelexFree Ponzi scheme, in July 2014 Wanzeler was indicted for fraud and conspiracy.

A superseding indictment was filed back in September, focusing on money laundering and assets derived from unlawful activity.

While is partner James Merrill has since plead guilty to wire fraud, Wanzeler (right) remains a fugitive on the run in Brazil.

US authorities are working with their Brazilian counterparts, however whether Wanzeler returns to the US to face charges is unclear.

In the meantime the DOJ have filed for a post-indictment temporary restraining order. If granted, the TRO will freeze what appears to be the residence of Wanzeler’s brother in the US. [Continue reading…]

Back in March Latvia’s Financial and Capital Market Commission (FCMC) issued a regulatory warning against OneCoin.

Claiming OneCoin was “modeled on pyramid scheme principles” and unlicensed, the FCMC warned soliciting investment into OneCoin was a criminal offense.

At the time it was uncertain whether the FCMC would take any further action against OneCoin or local affiliates.

Nine months later they haven’t yet, however a few days ago the regulator did issue another warning. [Continue reading…]

There is no information on the MMM FSTP website indicating who owns or runs the business.

The MMM FSTP website domain (“mmmfstp.com”) was privately registered on June 9th, 2016.

Alexa currently estimate that 89% of all traffic to the MMM FSTP website originates out of China. It’s a good bet that whoever is running the company is likely also based out of China too.

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…]

There is no information on the FastBTC website indicating who owns or runs the business.

The FastBTC website domain (“fastbtc.info”) was registered on November 28th, 2016. Faisal Kamal is listed as the owner, with an address in Dubai also provided.

On his LinkedIn profile, Kamal (right) cites himself as a Supervisor at Forever Living Products.

Other MLM opportunities Kamal has recently are mostly of the cash gifting variety: ZarFund, The Dollar Sharing, 2×2 Funds, Coin Leaders (Ponzi points), RiseBits, VertigoBTC, 3×2 Core, 2×4 Club, Binary Global and Verdant BTC.

When he’s not scamming people through cash gifting schemes, Kamal is also an IT Systems Analyst at Dubai Petroleum.

Read on for a full review of the FastBTC MLM opportunity. [Continue reading…]

Following a hearing on December 7th, the Temporary Restraining Order My Advertising Pays had sought against VX Gateway has been denied. [Continue reading…]

An Amazing Living press-release identifies Robert Aveyard as CEO of the company.

No information about Aveyard is provided on the Amazing Living website.

My own research didn’t turn up anything, which is a bit suspicious.

The Amazing Living website domain (“myamazingliving.com”) was registered on September 2nd, 2016. Thomas Nash is listed as the owner, with an address in Ontario, Canada also provided.

Again, I wasn’t able to find any information on Nash specific to Amazing Living.

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…]

There is no information on the My Crypto World website indicating who owns or runs the business.

Both My Crypto World website domains (“mycryptoworld.com” and “mycryptoworld.net”) were registered privately on September 15th, 2015.

Alexa currently estimate that traffic to the My Crypto World dotcom domain is primarily sourced from the US (37%) and Germany (32%).

This suggests that whoever is running My Crypto World is likely based out of one or both of these countries.

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…]