companies

PayDiamond scammer Dilhermano Gonçalves arrested in Brazil

companies, Frauds, regulation

Brazilian authorities have arrested Dilhermano Pereira Gonçalves, a key determine within the PayDiamond Ponzi scheme. Gonçalves was arrested on November fifth, on a warrant  following his indictment. Pay Diamond was a Ponzi scheme launched in early 2017. By mid-year the scheme seems to have collapsed. Gonçalves (proper) is certainly one of 5 accused. Authorities are […]

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InfoTrax settle FTC Act consumer privacy and security violations

companies, Frauds, regulation

The FTC has gone after MLM providers supplier InfoTrax for a number of violations of the FTC Act. InfoTrax is a well-established providers supplier throughout the MLM business. The corporate relies out of Utah was based in 1988 by CEO Mark Rawlins. InfoTrax’s shopper record options numerous well-known MLM manufacturers, together with doTerra, Xango and

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Daniel Pacheco’s hilarious fraud lawsuit answers rejected

companies, Frauds, regulation

Daniel Pacheco’s hilarious solutions to the SEC’s iPro Community fraud lawsuit have been rejected by the court docket. Again in August we coated Pacheco’s hilarious solutions to the SEC’s lawsuit. In keeping with Pacheco (proper), the SEC can’t sue him as a result of; a statute of limitations applies; “the SEC didn’t undergo any precise

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Silverstar Live & Mahmouds settle CFTC fraud for $75,000

companies, Eaconomy, Frauds, regulation

Silver Star Reside and homeowners Hassan Mahmoud and Candace Ross-Mahmoud have agreed to settle Commodity Alternate Act violations. Silver Star Reside appeared on BehindMLM’s radar earlier this 12 months. Following evaluation of the businesses enterprise mannequin, we concluded Silverstar Reside was engaged in securities fraud. When Ted Nuyten at BusinessForHome raised the identical considerations a

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Cloud Token withdrawal delays (1 month+), leaders fighting

Cloud Token, companies, Frauds

Uneasy alliances cast with the widespread purpose of fleecing Cloud Token traders are coming to an finish. Cloud Token withdrawals have been suspended for a month or extra in some cases. Firm help is MIA, studies of selective withdrawal funds are rising and associates are getting stressed. Cloud Token’s prime “C4” recruiters are buckling beneath

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iMarketLive’s CPSG lawsuit abandoned, dismissed by court

companies, Frauds, iMarketsLive

iMarketsLive filed a defamation go well with towards Copy Revenue Success International mid final 12 months. Attributable to inaction on iMarketsLive’s half, the lawsuit has now been dismissed. Along with CPSG, particular person defendants named in iMarketsLive’s go well with have been Joel Santiago, Joe Oits, Muhammad Zidan (aka Mack Zidan, Mack Mills), Gregory Perdriel,

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Valentus’ & Elepreneurs’ supp supplier issued FDA warning

companies, Frauds, regulation, Valentus

Various Laboratories, a complement producer and provider for a number of MLM firms, has been issued a warning letter by the FDA. Various Laboratories is predicated out of Florida and operated by CEO Kevin Thomas. Amongst different merchandise, Various Laboratories manufactures Elevate Good Espresso, Choclevate and Elevate Nitro for Elepreneurs (previously Elevacity) and SlimRoast Optimum

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Cloud Token, WoToken fraud investigations in BC Canada

Cloud Token, companies, Frauds, regulation

Cloud Token and WoToken are each underneath investigation by the British Columbia Securities Fee. In Canada securities regulation happens at a province degree, with the BCSC regulating securities in British Columbia. Neither Cloud Token or WoToken are registered to supply securities in Canada, that means each schemes function illegally throughout the nation. BCSC identifies each

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