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Following dozens of complaints from customers, the Norwegian Playing Authority despatched Be a warning letter final October. The letter suggested that the Playing Authority suspected Be was an unlawful pyramid scheme. The Playing Authority serves as Norway’s prime monetary regulator in relation to MLM pyramid and Ponzi schemes. BehindMLM has not seen a replica of […]

Monetary Training Companies’ Movement to Dismiss FTC proceedings in opposition to it has been denied. The FTC filed swimsuit in opposition to FES final June, alleging FES was a $467 million pyramid scheme. As a part of these proceedings, FES filed a Movement to Dismiss on July twenty fifth. In its February thirteenth order denying

Vbit Applied sciences, a collapsed MLM crypto Ponzi, has attracted the eye of Montana’s state securities regulator. As per an inner investigation by Montana’s Fee of Securities and Insurance coverage (CSI), Vbit Applied sciences scammed over 15,000 traders out of at the very least $11 million. On February 18th Troy Downing, Head of CSI, issued

Michael Glaspie, a serial promoter of fraudulent MLM schemes, has pled responsible to wire fraud. Glaspie’s legal case stems from his promotion of the “Mike G Deal”, which the DOJ confirmed was a $55 million “funding fraud scheme”. At time of publication Glaspie’s legal case has but to look on PACER. Nonetheless particulars of Glaspie’s

The NBH Finance Ponzi scheme has collapsed. In doing so, the scammers behind it have pulled a slightly weird inventory trade exit-scam. A communication posted on NBH Finance’s web site advises the corporate has “not been capable of repay the invested for therefore lengthy.” You see, within the world economic system and cryptocurrency, the bitcoin

Mindset 24 International’s John Brian McLane Jr. has pled responsible to tax fraud. Following an IRS investigation, the DOJ filed prices in opposition to McLane in June 2022. As per a June twenty first “info” submitting, McLane made simply over one million {dollars} in 2019, which he did not pay $417,481 in taxes on. Along

Vortic United has acquired a pyramid scheme fraud warning from Russia. As per the Central Financial institution of Russia’s February twentieth discover, Vortic United reveals “indicators of a monetary pyramid”. Vortic United is a Boris CEO Ponzi scheme headed up by Jensen Robles. The cryptocurrency  rip-off pitches every day returns of as much as 1.8%