Nerium International permitted to sell third-party products

May 27, 2018 0

Nerium Skincare’s lawsuit against Nerium International dates back to 2016.Based on an agreement, Nerium International is supposed to only market and sell products developed by Nerium Skincare.
In their lawsuit, Nerium Skincare allege Nerium International stopped honoring the agreement in 2014.
Tracking the case has proven difficult, mostly due to the majority of filings being made under seal.
To also give you some idea of the scope of the case, it’s at 496 filings as of May 25th, 2018.
Earlier on in the case the court appointed a Special Master to make reports and recommendations on filed motions.
Through these unsealed orders (which are difficult to…

Pedro Fort defaults in SEC’s Fort Ad Pays fraud case

May 27, 2018 0

Following a failed bid to have tax-payers fund his defense, an entry of default has been recorded against Pedro Fort and Fort Ad Pays.Last November the SEC sued Fort for running the Fort Ad Pays.
Fort Ad Pays was a Ponzi scheme launched in 2015. By mid 2016 the scheme had collapsed.
Through Fort Ad Pays, the SEC allege Pedro Fort scammed investors out of $38 million dollars.
In an April 25th order directing the court clerk to enter default against Pedro Fort (right) and Fort Ad Pays, Judge Moreno observed;
The court granted (Fort’s) motions for extensions of time to respond to the (SEC’s) Complaint,…

Raiding injunction granted against former Nerium Master Distributors

May 27, 2018 0

Nerium Internationals’ fight against former Master Distributors Mark and Tammy Smith continues, with the latest seeing a raiding injunction granted against the Smiths.Mark and Tammy Smith sued Nerium for over $100 million back in February.
Nerium responded by filing its own lawsuit, in which it claimed the Smiths lawsuit was the result of “greed and ego”.
Part of Nerium’s lawsuit alleged raiding by Mark and Tammy Smith for their new company, Jeunesse.
On April 24th Nerium was awarded a Temporary Restraining Order against Mark and Tammy Smith, Darin Kidd and Tee Daniel.
As per a press-release provided by Nerium that quotes the order;
The TRO prohibits…

BTC Global Team Ponzi losses climb to $80 million

May 26, 2018 0

When South African authorities initially announced a criminal investigation into BTC Global back in March, investor losses were pegged at $50 million.Following analysis of 27,500 investor complaints and an ongoing investigation, the figure has now climbed to $80 million.
The last figure was provided by South African Police yesterday, amid confirmation authorities have been unable to locate Steven Twain.
Steven Twain was presented as the owner of BTC Global Team on the company’s website.
Our own investigation into the company however revealed BTC Global Team was instead likely operated by Andrew Caw and Cheri Ward.
We maintain that Steven Twain, as represented on the BTC…

BehindMLM and the GDPR

May 26, 2018 0

If you’re like me you’re sick of receiving and insta-deleting GDPR emails.So I’ll spare you the irritation of receiving another one and just address the GDPR and how it affects BehindMLM and your use of our website here.
GDPR stands for “General Data Protection Regulation”. It’s basically some bullshit Europe came up with to waste countless man-hours and billions of dollars of small businesses.
Bad actors aside (which regulation existed for prior to the GDPR anyway), now pretty much every website on the internet has to provide you with information on any data collected and stored.
We have to do it no matter how…

Lyoness to launch eCredits cryptocurrency

May 25, 2018 0

The latest MLM Ponzi scheme to attach itself to a cryptocurrency appears to be Lyoness.If a recent Latvian promotional video is to be believed, Lyoness are gearing up to launch “eCredits”.
Lyoness, also known as Lyconet, Cashback World and now MyWorld, have not published technical specifications for eCredits.
Official Lyconet marketing material suggests Lyoness intends to generate eCredits and integrate them into the company’s e-commerce platform.

Initially Lyoness intends to sell eCredits to investors for 1 EUR each.

As above, the Lyoness is marketing eCredit investment on a 10,000% ROI within four years.
There doesn’t appear to be any basis for this, other than the expectation Lyoness…

Digital Altitude defendants want $100K in “stolen funds” for legal fees

May 25, 2018 0

One of the problem MLM scammers have when caught is that outside of the scam they were running, they had no other source of income.In cases where an injunction is pursued and said scammers assets are frozen, that leaves them with limited options for hiring counsel.
Such is the case with Digital Altitude, Michael Force and Mary Dee, who together are demanding $100,000 to cover legal fees.
The FTC filed opposition to the motion on April 24th.
In their motion the FTC allege
on March 14, 2018, Defendants filed Answers to the Complaint, admitting most of the key facts alleged against them.
In depositions and at…

Morgan Johnson settles Digital Altitude fraud allegations with FTC

May 25, 2018 0

The first of the Digital Altitude defendants has buckled, following a joint filing requesting a stay in proceedings as to Morgan Johnson.The FTC’s complaint against Digital Altitude identifies Johnson as “an officer/manager of Digital Altitude, RISE Systems & Enterprise”.
According to the application filing, Johnson and the FTC reached a settlement agreement on April 23rd.
The settlement has been signed off on by Johnson but will need approval by the FTC Commissioners.
Counsel are informed and believe that it will likely take between eight and twelve weeks to secure this approval.
Once approved, it is assumed details of the settlement will be made public.
In the…

Digital Altitude scammed people out of $54 million, denies responsibility

May 25, 2018 0

While Digital Altitude has acknowledged it made misrepresentations to the general public, the company and its principals are denying responsibility.Specifically, Michael Force and Mary Dee have raised failure to exhaustadministrative remedies, good faith, offsets/set-offs, informed consent, and no reasonable basis for the requested relief as affirmative defenses.
With respect to each affirmative defense;
Failure to exhaust administrative remedies would see the FTC back off an injunction and try to work things out with Digital Altitude at an administrative level.
This would presumably see Digital Altitude continue to operate, which given the allegations leveled at the company, seems ludicrous.
“Hi there. We know you’ve ripped off a…

BitConnect tied to Indian demonetization, three owners on the run

May 24, 2018 0

It appears BitConnect, a Ponzi scheme with losses potentially running into the billions, was launched to skirt newly introduced demonetization law in India.On November 8th, 2016, the Government of India announced the demonetization of all ₹500 and ₹1000 banknotes.
The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.
The sudden nature of the announcement and the prolonged cash shortages in the weeks that followed created significant disruption throughout the economy.
If CID investigators are to be believed, this triggered the launch of the  BitConnect Ponzi scheme.
CID officials…