The Commission de Surveillance du Marche Financier de L’Afrique Centrale, better known as COSUMAF, has issued a securities fraud warning against Liyeplimal. BehindMLM reviewed Liyeplimal back in July 2020. Analysis revealed Liyeplimal was part of Simb Parfait’s Global Investment Trading Ponzi factory. COSUMAF’s warning is directed to residents of Cameroon, […]
Read Time : 1 Minutes
ArbiStar’s Santi Fuentes arrested in Spain
Serial Ponzi scammer Santiago Fuentes has been arrested in Spain. Spanish authorities have charged Fuentes with “belonging to a criminal organization” and money laundering. BehindMLM first came across Santiago, more commonly known as Santi Fuentes, through Global Unity in 2014. ArbiStar was a run-of-the-mill crypto “trading bot” Ponzi scheme. By […]
Read Time : 4 Minutes
Cardiffs continue to conceal assets, alleges FTC
The FTC has opposed the Cardiffs’ latest attempt to access frozen funds, alleging the couple are still actively concealing assets in contempt of court. The Cardiffs are seeking $20,000 a month as paid salary to Jason Cardiff, or $42,596 a month as paid expenses. The paid salary is for Cardiff’s […]
Read Time : 1 Minutes
Digital Altitude Receivership formally closed
Following a discharge motion filed earlier this year, the Digital Altitude Receivership has been formally closed. The order was made on October 5th, following approval to pay $42,779 to Receivership staff. We’ve previously covered the Receivership opting not to pursue recovery of $515,000 from John Souza and Paradise Media Ventures, […]
Read Time : 1 Minutes
AirBit Club civil case stayed pending criminal case outcome
AirBit Club civil proceedings initiated by the SEC have been stayed, pending outcome of the DOJ’s criminal case. The stay order was issued on October 5th, following a letter motion filed by defendants Cecila Millan and Margarita Cabrera. In their motion, Millan and Cabrera argued a stay was justified because […]
Read Time : 11 Minutes
VPL’s viability grossly overstated, 4 weeks behind schedule
Despite being found to be in contempt, last month Jason Cardiff dodged incarceration based on representations that VPL Medical was a viable business. In a nutshell, the court ruled that Cardiff being put to work for VPL was of more benefit to the FTC than incarceration. As part of that […]
Read Time : 1 Minutes
FTC’s Neora case trial scheduled for October 2022
As per the FTC’s Neora case docket, a three-week bench trial has been scheduled for October 11th, 2022. No that’s not a typo, the trial is two years away. The FTC alleges Neora is a pyramid scheme and sued the company last November. In an attempt to get ahead of […]
Read Time : 5 Minutes
LuLaRoe fined $95K for “unfair & deceptive” Buy Back Policy
An investigation by the Pennsylvania Attorney General has found LuLaRoe’s Buy Back Policy to be “unfair and deceptive”. The AG alleges LuLaRoe’s business practices are in violation of Pennsylvania Consumer Protection Law. After receiving nineteen consumer complaints, seventeen of which pertained to refund complaints, the Pennsylvania AG initiated an investigation […]
Read Time : 1 Minutes
OneCoin criminal indictment sentencing dates
Given the amount of OneCoin scammers that have been indicted in the US, it’s difficult to keep track of the upcoming sentencing dates. Throw in the pandemic and constant resetting of dates and… well, you’d be forgiven for losing track of whose being sentenced when. It’s my job to keep […]
Read Time : 2 Minutes
Saivian trial pushed back to Nov 2021 due to COVID-19 fears
The fear of contracting COVID-19 has seen the Savian fraud trial pushed back again. As per a motion filed on September 18th, defendant Eric Dalius’ attorneys cite concerns about their health. As per the filed motion; Ultimately, given the uncertainties surrounding the pandemic, including the timing of a potential vaccine […]