MLM Detective POSTS

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FTC vs. Chandler, Gatto, Pinkston & Dluca trial set for Sep 2019

It’s been about a month since we last checked in on the FTC’s lawsuit against Scott Chandler, Louis Gatto, Eric Pinkston and Thomas Dluca.Probably the most significant update we have for you is the scheduling of a two-week criminal trial on September 16th, 2019.
In the meantime, mediation between the FTC and criminal defendants was ordered on September 5th.
As to when the mediation has to take place, no exact dates are given – only that it has to take place ‘no later than eighty days before the scheduled trial date‘.
Here’s a rundown of the other filings of interest made over the past month.
On…

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AWS Mining’s World Digital Mining Summit Photoshop fail

It’s not that a Ponzi admin couldn’t attend a cryptocurrency event, which makes AWS Mining’s hilarious World Digital Mining Summit Photoshop fail all the more amusing.BehindMLM reviewed AWS Mining two days ago and found it to be a typical MLM crypto cloud-mining Ponzi scheme.
The company pretends to pay out affiliates via cloud mining profits, however no hard evidence of this taking place exists.
Furthermore AWS Mining is not registered with securities regulators in markets it actively recruits new investors from, meaning any claims made by the company cannot be independently verified.
The World Digital Mining Summit bill itself as ‘2018’s most exciting industry gathering…

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Magellan International confirms securities fraud by pulling out of US

In recent communication sent out to its investors, Magellan International Alliances has announced it is pulling out of the US.The announcement also serves as confirmation Magellan are engaged in securities fraud.
Magellan International Alliances began as CGI Limited on around February 2018.
The company initially planned to illegally offer crypto gambling services in the US through its BetChip altcoin and Coinsinos casino.
By April Coinsinos had been dropped and CGI Limited renamed to CGI Global.
Magellan International Alliances surfaced in August, as a new vehicle for CGI Global to push its BetChip altcoin through.
On the corporate side of things Magellan International is set up as…

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Trevon James gagged by SEC on BitConnect subpoena appearance

Since his September 14th appearance before the SEC, Trevon James has been awfully quiet on social media.In his first YouTube video since the appearance, James has confirmed the SEC has gagged him from talking publicly about what was discussed.
In the weeks leading up to his appearance James, who is believed to have stolen well over a million dollars through BitConnect, had been posting on social media daily.
Regarding his appearance before the SEC, in a September 21st video titled “After My SEC Testimony” James states;
[8:07] Yeah I went but I’m not – they said I can’t talk about it.
I really want to…

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Mark S. Scott’s $2.5 million OneCoin money laundering bond details

Mark S. Scott, the US-based lawyer who allegedly assisted OneCoin with laundering $400 million in stolen funds, has had his $2.5 million bond signed off on and paid.According to a September 19th filed bond agreement, Scott’s secured bond has been set at $2.5 million, $750,000 of which has been deposited as cash.
As I understand it, if Scott fails to adhere to the bond agreement, he’ll be liable for the full $2.5 million amount.
Co-signers on the bond agreement are Tony Selimi of Ohio and Edward Feenane of Florida. Their relationship to Scott is unclear.
While released under monitored home-detention, Scott

is prohibited from violating…

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AeroBit Review: “Daily forever” ROI crypto trading Ponzi

AeroBit provides no information on their website about who owns or runs the business.The AeroBit website domain (“aerobit.io”) was privately registered on November 17th, 2017.
In an attempt to feign legitimacy, AeroBit provide a UK incorporation certificate on their website.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
AeroBit Products
AeroBit has no retailable products or services, with affiliates only able to market AeroBit…

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AWS Mining Review: Cloud mining unregistered securities Ponzi

AWS Mining provides no information on their website about who owns or runs the business.According to a 2018 business presentation hosted on the AWS Mining website domain, the founders of the company are Daniel Beduschi (COO) and Alexandre Campos (CFO).

Daniel Beduschi maintains two Facebook profile. In one he claims to live in Sydney, Australia and the other in Santa Catarina, Brazil.
Beduschi first popped up on BehindMLM’s radar as a top investor in the Brazilian BBOM Ponzi scheme and its InterBBOM reboot.
Prior to BBOM Beduschi was an Amway Brazil affiliate.
Possibly due to language-barriers, I was unable to put together an accurate MLM history on…

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$169 million awarded in Zeek Rewards net-winner judgments

In the recently filed Status Report for the Second Quarter of 2018, the Zeek Receiver has revealed $169 million has been awarded in net-winner judgments.The judgments were awarded against Zeek Rewards net-winners who refused to settle.
Rather than collect judgments individually from net-winners, instead the Zeek Receivership is preparing to sell them to debt collectors.
Throughout the second quarter of 2018, some 2508 net-winners settled with the Receiver for $18 million. As of June 30th, $12 million has been collected with $4.2 million outstanding.
Some of Zeek’s top net-winners are still fighting clawback, having taken their case to the Fourth Circuit appeals court.
As per the Receiver’s report;
During the…

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Myanmar bans MLM outright, affiliates face prison time

Myanmar, a nation is south-east Asia, has banned multilevel marketing completely.On September 18th the Ministry of Commerce issued notification 46/2018, which prohibits operation and promotion of MLM companies in Myanmar.
Any MLM companies found operating in Myanmar after September 18th risk further action. Individuals running or promoting MLM companies risk a six month to three-year prison sentence and a fine of up to K500,000 ($315 USD).
Speaking to local media, Zayar Swe, Deputy Director of the Consumer Affairs Department, stated;
The department has received many complaints about the MLM. We could do nothing as we received no order to deal with these complaints.
Now the…

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Mary Dee files expenses opposition, FTC responds to both objections

Mary Dee has filed an opposition to the FTC’s request to modify the Digital Altitude preliminary injunction.The FTC has requested the court cut off Force and Dee from victim-funds, which under the current injunction sees them collecting a monthly living expense.
As stated we’ve previously covered Michael Force’s opposition filing. Mary Dee filed her opposition later the same day, however the case docket hadn’t updated when we wrote our September 15th article.
For clarification, Mary Dee filed her opposition on September 14th. The FTC filed their reply to both oppositions on September 18th.
Among other things, Dee’s opposition takes aim at the FTC Act….