Something strange is going on between WorldVentures and Seacret Direct. Since filing for Chapter 11 bankruptcy, Seacret Direct has poached three high-level executives from WorldVentures. Now, in a communication sent out to distributors, WorldVentures has confirmed ” there is no plan for a merger with Seacret”. What is going on? The original announcement law November […]
Bad blood between WorldVentures and Seacret Direct? Read More »
A CashFX Group securities fraud warning has been issued by Saskatchewan’s FInancial and Consumer Affairs Authority. As per the FCAA, CashFX Group is offering Saskatchewan residents a Multi-Level-Marketing opportunity to invest in forex. Cash FX Group is not registered in any capacity with the FCAA. Individuals or companies need to be registered with the FCAA
CashFX Group securities fraud warning from Saskatchewan Read More »
The Financial Commission is feeling the heat, prompting the independent organization to distance itself from Daisy AI’s Anna Becker. Daisy AI is an MLM crypto trading bot Ponzi launched a few weeks ago. The scam is run by co-founders Anna Becker and Dmitry Gushchin. Before she got into launching Ponzi schemes, Becker was a member
The Financial Commission distances itself from Anna Becker Read More »
Finalmente Global’s Kobus van der Merwe appears to be feeling the heat, such that he’s uploaded “Finalmente Global Final Video” to YouTube. In the January 23rd video van der Merwe blames recent liquidation proceedings for Finalmente Global’s collapse. The first thing van der Merwe does is reassure his victims that he’s “still here”. Here being
Kobus van der Merwe’s bogus Finalmente Global excuses Read More »
Following a preliminary injunction being granted against Digital Income System promoters Brandon Frye and Kaitlyn Scott, the FTC has now moved for default judgment. As per the FTC’s January 13th court filing; The FTC’s Complaint alleges that Frye, Scott, and the remaining Defendants—Digital Income System, Inc., Derek Jones Foley, William Foley, and Jennifer Hedrick —
FTC seeks def judgment against Brandon Frye & Kaitlyn Scott Read More »
Authorities in New Delhi have shut down the Future Maker Life Care pyramid scheme in 2018. Directors Radhe Shyam and Bansi Lal have been arrested. The Enforcement Directorate is now pursuing criminal charges against them. Shyam and Lal have been charged under the Prize Chit and Money Circulation (Banning) Act. They stand accused of promoting
Future Maker Life Care pyramid shut down in India Read More »
Yeah so turns out Ukraine has its own SEC equivalent; the National Commission on Securities and Stock Market. In what I believe is a first for BehindMLM, today we’re reporting on a securities fraud warning issued from Ukraine. According to the NSSMC, QubitTech was identified as a “dubious financial project” in the fourth quarter of
QubitTech securities fraud warning issued in Ukraine (not a joke) Read More »
Another “bUt ThEy CaN’t ToUcH oUr MoNeY!” MLM trading bot Ponzi has collapsed. On January 12th iQuandex informed its affiliates of a “technical error”. The revelation followed iQuandex shutting down its trading bot platform without explanation a few days prior. As per iQuandex’s communication; Dear partners and clients! As you know, in the last few days
iQuandex collapses, pulls “technical error” exit-scam Read More »
A New Zealand based Lion’s Share promoter has received a cease and desist notice. The cease and desist notice was issued to Shelly Cullen by the Commerce Commission on December 21st. A month to the day, the Commerce Commission made the notice public on January 19th. Cullen (right) caught the attention of New Zealand authorities
Lion’s Share cease and desist issued in New Zealand Read More »
CubeBit has received a securities fraud warning from the Philippines SEC. As per the SEC’s December 10th warning, CubeBit is ‘soliciting investments in the Philippines WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY from the Commission.’ The public is again warned of such possible “Ponzi Scheme” offering high-yielding investments online. This is the equivalent of a securities
CubeBit securities fraud warning issued in the Philippines Read More »
