There have been rumblings that OmegaPro’s collapse is tied to The Merchants Area, a non-MLM Ponzi scheme that additionally collapsed in late 2022. The implication being that OmegaPro investor funds had been commingled into The Merchants Area, which was working its personal Ponzi. I haven’t been capable of confirm something, and I nonetheless can’t – […]
Was OmegaPro tied to collapsed The Traders Domain Ponzi? Read More »
GoArbit has obtained a securities fraud alert from Argentina’s Comision Nacional de Valores. As per the CNV’s February fifteenth alert; GoArbit and Máximo Martínez aren’t registered as brokers within the corresponding Registry of this CNV. Passive funding alternatives supplied by MLM corporations represent securities choices. This requires registration with monetary regulators in each jurisdiction funding
GoArbit securities fraud alert issued by Argentina Read More »
Following on from Oscar Garcia blaming Frank DiCrisi for Batched’s collapse, in a latest authorized submitting Garcia claims tens of tens of millions of {dollars} has been was additionally laundered. For reference, the events on this story are: Batched – rebranding of the Uulala Ponzi scheme (late 2021) Oscar Garcia – proprietor and CEO of
Batched used to launder millions from The Traders Domain Read More »
Following Daxio’s collapse, proprietor Frode Jorgensen has fled Thailand. In a latest replace despatched out to his victims, Jorgensen additionally claims employed hitmen are after him. I need to preface this text by stating Frode Jorgensen is a serial scammer. His phrase means nothing and he has no credibility. I’m protecting Jorgensen’s excuses so there’s
Frode Jorgensen flees Thailand, claims hitmen are after him Read More »
Vista Community and proprietor operator Armen Temurian have been sued by the CFTC for commodities fraud. The CFTC alleges, amongst different issues, that Vista Community was a $7 million greenback plus Ponzi scheme. The CFTC’s Criticism was filed on February fifteenth and names Armen Temurian and Vista Community Applied sciences as defendants. As alleged by
Armen Temurian sued by CFTC for Vista Network $7 mill Ponzi Read More »
Tiber River introduced it was abandoning its MLM enterprise mannequin final month. Tiber River distributors had been nonetheless capable of generate gross sales all through January, with closing fee checks going out this month. On February 14th Tiber River advised distributors it was screwing them out of their closing commissions. As per the “essential communication”
Tiber River screws distributors out of final commission check Read More »
Validus and its promoters have been ordered to stop all enterprise operations in New Zealand. The Monetary Markets Authority’s interim cease order was issued on February sixteenth. As per the FMA’s order, Validus and its promoters are prohibited from making gives, points, gross sales or different acquisitions or disposals of economic merchandise promoted beneath the
Validus ordered to cease business operations in New Zealand Read More »
Scammers behind Cancri Jewellery try to reboot the collapsed Ponzi scheme. Cancri Jewellery is an japanese European Ponzi scheme. The unique Ponzi ruse was a jewellery storefront in Turkey. Underneath the guise of buying jewellery, Cancri Jewellery associates invested euros on the promise of weekly returns. Cancri Jewellery collapsed in late 2022, simply earlier than
Cancri Jewelry scammers attempt to reboot collapsed Ponzi Read More »
The Vitality Spas Ponzi scheme has collapsed. Someday within the final 24 hours Vitality Spa’s web site has been pulled offline. The rip-off’s social media profiles have additionally been deleted. At time of publication Vitality Spa’s web site was returning a configuration web page: This means the beforehand hosted web site information have been deleted.
Energy Spas Ponzi scheme collapses, website gone Read More »
On or round February eleventh, Vasayo knowledgeable its distributors is was shutting down its MLM alternative. The announcement was made through a Zoom webinar, which I’ve sadly not been capable of finding a replica of. Nonetheless following a tip off from a BehindMLM reader, right here’s what I’ve been in a position to suss out.
Vasayo shuts down, Daniel Picou to head up reboot MLM opp Read More »
