The Brazilian SEC has launched an investigation into the Investimento Bitcoin Ponzi scheme. Although they’ve yet to make a formal statement, the Brazilian SEC (CVM) has confirmed to UOL it is investigating Investimento Bitcoin for suspected fraud. CVM (Securities and Exchange Commission) says in a report that it has found “evidence of fraud in third-party […]
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Exchange Wallet operates in the cryptocurrency MLM niche. The company provides what appears to be a virtual address in Slovenia on its website. Heading up Exchange Wallet is CEO Christian Kurt Singer. Christian Kurt Singer’s name only appears on the internet on Exchange Wallet’s website. Singer (right) doesn’t have a digital footprint, meaning his corporate
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Scanty Investment lists executive information on its website, however the names and images provided are bogus. The photo provided for Scanty Investment’s CEO Russel Baker is actually Alexander Oleg Zhirkov. Up until recently, Zhirkov’s image was being used to promote binary options schemes. Similarly, the rest of Scanty Investment’s “professional team” are either stock photos
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A September 11th court order has scheduled the WorldVentures v. Mavie lawsuit trial for December 2nd, 2019. The day after the order co-defendant Ariix filed a motion requesting a reset of the trial date. Ariix claims it’s holding a distributor event in Thailand between December 4th and 11th. Key Ariix executives, including CEO Fred Cooper,
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QuiAri operates in the nutritional supplement MLM niche. The company is based out of Florida and headed up by founder and CEO, Bob Reina. Bob Reina (right) first appeared on BehindMLM in 2014, as founder and CEO of Talk Fusion. Talk Fusion was founded in 2007 and sold $1499 communication packages. Owing to the outrageous
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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 The trio’s lawyers have also withdrawn from the case, following months of non-communication. Daniel
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The TelexFree Trustee has warned against victims selling approved claims. The warning was reported by the Brazilian Times. I was unable to find an English equivalent or even the context of the Trustee’s warning. In any event, along with a consumer rights attorney, the Trustee warns some companies are contacting victims and offering to buy
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A Brazilian affiliate has secured a bankruptcy judgment against TelexFree. What does that mean? …I’m not sure. A TelexFree affiliate claims the company owes them $50,000. That prompted a lawsuit, which culminated in a bankruptcy order on Monday. According to the ruling, the company confirmed the amount due, said it was unable to pay the
Brazilian court orders TelexFree (Ympactus) into bankruptcy Read More »
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
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Counterclaims filed by Nerium against co-founder Dennis Windsor have been settled via an agreed injunction. News of a settlement between Windsor (right) and Nerium (now Neora) broke back in May. As per a joint motion filed on August 16th, the parties have agreed to a permanent injunction. The injunction sees Dennis Windsor prohibited and permanently
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