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Katia Wanzeler has reached a settlement with the TelexFree Trustee. TelexFree was a $3 billion MLM Ponzi that collapsed in 2014. In an attempt to get in front of pending US civil and criminal enforcement actions, TelexFree filed for bankruptcy in April 2014. As part of TelexFree’s bankruptcy proceedings, a Trustee was appointed to take…
Serial fraudster Andreas Kartrud has been arrested in Sweden. Kartrud is being held in Malmo, on criminal charges related to 46 million EUR in tax fraud. Over the years BehindMLM readers have pegged Katrud as a promoter of Shopping Sherlock, SwissCoin, Dominant Finance, WoToken, Up2Give, KryptoGlobe, 1 Click Trading and XOXO Network. Kartrud (right) officially first popped…
The TrageTech Ponzi scheme has collapsed. TrageTech’s website was disabled on December 12th, following an original October 2024 collapse and multiple US regulatory fraud warnings. TrageTech was an MLM crypto Ponzi originally fronted by Boris CEO Michael Hearn. After BehindMLM outed Hearn as Thailand-based UK national Daniel Poole, TrageTech rolled out a second Boris CEO:…
Trage Tech, aka Trage Technologies, has received a securities fraud cease and desist from the Georgia Commissioner of Securities. The Commissioner’s order also cites Eric Ture Muhammad, a serial fraudster and Trage Tech promoter. An investigation by the Georgia Commissioner revealed; Trage began operating in early 2024 and is now offering investment in an automated…
8 Figure Dream Lifestyle’s three co-founders have received prison sentences. On December 16th, 2024; Alex Dee was sentenced to 36 months in prison and ordered to pay $1.84 million in forfeiture Brian Kaplan was sentenced to 22 months in prison and ordered to pay $2.83 million in forfeiture Jerrold Maurer was sentenced to 22 months…
8 Figure Dream Lifestyle’s three co-founders have received prison sentences. On December 16th, 2024; Alex Dee was sentenced to 36 months in prison and ordered to pay $1.84 million in forfeiture Brian Kaplan was sentenced to 22 months in prison and ordered to pay $2.83 million in forfeiture Jerrold Maurer was sentenced to 22 months…
BioLimitless has announced it is abandoning its blockchain backoffice. The stated reason for the decision is to “allow for customers to be able to purchase product with credit cards”. BioLimitless’ marketing also states the change will allow “members to have a powerful back office”, suggesting its blockchain backoffice didn’t cut it. What impact BioLimitless abandoning…
MinerX fails to provide ownership or executive information on its website. MinerX’s website domain (“minerx.tech”), was privately registered on May 16th, 2024. MinerX’s official FaceBook page is managed from Thailand: MinerX marketing places its purported headquarters in Phuket: On October 1st, MinerX uploaded a video titled “MinerX Global Community Visit KL” to its YouTube…
The Ageeon MLM crypto trading Ponzi has collapsed. As per a communication sent out on December 16th, Ageeon advised investors that withdrawals are disabled. The presented ruse is that Ageeon’s “traders” and “financial department” are on holiday between December 16th and 25th. One could buy the “traders” ruse with the disabling of daily returns (that…
Chip2Wealth fails to provide verifiable ownership or executive information on its website. Chip2Wealth’s website domain (“chip2wealth.com”), was privately registered on August 14th, 2024. Chip2Wealth names Kane Tanakka as its CEO. A presumably made-up bio is provided, as Tanakka doesn’t exist outside of Chip2Wealth’s website. In another attempt to appear legitimate, Chip2Wealth provides company registration details…