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LEO CEO Dan Andersson arrested in Pakistan?

A bail application has surfaced, suggesting LEO President and CEO Dan Andersson may have been arrested in Pakistan.The writ petition in question was filed on July 11th by Dan Gunnar Bjarne Andersson.
A hearing was held on August 13th and the case has been adjourned until August 27th, with no further specific details provided.
What we do know is Andersson’s case is titled “Dan Gunnar Bjarne Anderson-VS-NAB” (note the incorrect spelling of Andersson’s surname, which is believed to be a clerical error).
NAB is the National Accountability Bureau. Andersson (right) has filed his bail petition against in NAB’s regional office in Rawalpindi, a city in Pakistan’s Punjab…

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Finish Line Network Review: Traffic Authority reboot, still pay to play

At the time of publication Finish Line Network doesn’t appear to exist outside of an email capture page.Finish Line Network affiliates are redirecting recruits to the domain (“lockinyourprofits”), a domain privately registered on May 14th, 2018.
Visitors to the Lock In Your Profits domain are presented with a standard “hand over your details for more info” capture page.
Upon signing up, a confirmation email from “team(at)finishlinenetwork.com” is received:

At the time of publication the “finishlinenetwork.com” domain redirects to Traffic Authority.
BehindMLM reviewed Traffic Authority in 2015.
Owned by Greg Chambers, Doug Wellens and Chad Stalvey, Traffic Authority was a reboot of the collapsed Infinite Leverage System…

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Eagle Gates Group CEO Eddy McClough arrested, claims he’s an actor

Eagle Gates Group CEO “Eddy McClough” has been outed as Derrick Matthew Keller.Keller, a US citizen was arrested by Thai officials on Monday.
Eagle Gates Group was a Ponzi scheme that surfaced in late 2016.
The scam predominantly targeted Thai investors, largely on the premise of multiple marketing videos featuring Keller (right) as CEO Eddy McClough.
After Eagle Gates Group collapsed in April 2017, Thai authorities launched an investigation into the scheme.
The investigation, conducted with the assistance of US Homeland Security, revealed Eagle Gates Group victims had lost around $52.2 million dollars.
In December 2017 Thai authorities arrested two local suspects, with  additional warrants issued…

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AladinCoin regulatory warnings issued in Switzerland and Austria

Authorities in Switzerland and Austria have issued investment warnings against AladinCoin.Switzerland’s Financial Market Supervisory Authority added AladinCoin to their warning list on June 8th.
FINMA warns AladinCoin (listed as Aladin Capital) is not authorized to offer financial services in Switzerland (unregistered securities equivalent).
Separately, Austria’s Financial Market Authority banned AladinCoin promotion and investment on July 5th.
The FMA warns Aladin Capital AG (which appears to have been renamed Swiss Dynasty Trust AG) failed to register with the FMA.
Both FINMA’s and the FMA’s warnings can be considered “unregistered securities” equivalents in their respective jurisdictions.
BehindMLM reviewed AladinCoin back in February. We determined AladinCoin is a Ponzi…

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Faith Sloan’s TelexFree trial date set, Wanzeler proceedings stayed

Over four years since the SEC filed suit against Faith Sloan, a trial date has now been set.Back in 2014 the SEC shut down TelexFree, a $1.8 billion Ponzi scheme. Sloan, as one of TelexFree’s top-earners, is a named defendant in the SEC’s suit.
Of the eight individual defendants the SEC targeted, only Sloan and TelexFree owner Carlos Wanzeler have refused to return stolen investor funds.
A month after the SEC filed its civil suit, the DOJ filed a criminal complaint against Wanzeler and co-owner James Merrill (left and right respectively).
Anticipating his arrest, Wanzeler fled to Brazil and has remained a fugitive in…

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Edu Swarm Review: Five-tier 2×2 matrix bitcoin Ponzi cycler

Edu Swarm provide no information on their website about who owns or runs the business.The Edu Swarm website domain (“eduswarm.com”) was privately registered on April 27th, 2018.
Further research reveals Edu Swarm marketing videos in which Bobby Cannata cites himself as owner of the company.
Up until recently Cannata was a prominent Market America affiliate. In July 2017 Cannata celebrated 25 years with the company:

Whether Cannata is still a Market America affiliate is unclear.
Read on for a full review of the Edu Swarm MLM opportunity.
Edu Swarm Products
Edu Swarm has no retailable products or services, with affiliates only able to market Edu Swarm affiliate…

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Dominant Finance Review: 400 day ROI crypto mining Ponzi

Dominant Finance operates in the financial MLM niche and is headed up by President Thomas Eklundh.According to Eklundh’s Facebook profile he’s based out of Gothenburg, Sweden. There are a few photos of Eklundh on the profile so he, or at least the person playing him, appears to be an actual person.
I say this because there’s a potential red-flag in that the Thomas Eklundh Facebook profile was only set up on April 30th, 2018.
A few marketing meme type posts were made, before Eklundh (right) began promoting Dominant Finance on June 7th. This is not typical Facebook profile activity of an actual person.
Supporting this…

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Andre Feitosa of My Trader Coin arrested in Dominican Republic

Authorities in the Dominican Republic have arrested Andre Feitosa, citing him as President of of MoneyFree Club.At the time of publication the MoneyFree Club website is offline.
BehindMLM didn’t publish a review of the opportunity prior to its collapse, however we note the company’s official Facebook page promised “thousands of dollars (within) 16 days” (May 18th).
As far as I can tell MoneyFree Club was yet another collapsed MLM cryptocurrency scam.
On August 18th authorities in Santo Domingo arrested Feitosa. He stands accused of stealing over $20 million USD from around 1900 MoneyFree Club victims.
Authorities began investigating Feitosa between May and July, following complaints…

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Glenn Arcaro equates BitConnect to gambling, argues not a security

Glenn Arcaro has moved to dismiss a class-action lawsuit filed by BitConnect victims.Arcaro, who went into hiding just before BitConnect collapsed earlier this year, dismisses victims of the multi-billion dollar Ponzi scheme as “disappointed gamblers”.
In a Motion to Dismiss filed on August 17th, Arcaro challenges allegations that BitConnect was a “scheme to defraud cryptocurrency speculators”.
Bearing in mind he’s BitConnect’s top US net-winner, Arcaro argues that laws cited in the class-action “do not apply to him” and that he has “no colorable legal responsibility” for his conduct.
Through promotion of BitConnect, Arcaro is believed to have made off with millions upon millions of dollars of fraudulently…

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Top BitConnect affiliate arrested at Delhi airport, India

A top Indian BitConnect investor was arrested at Delhi airport on Saturday.Divyesh Darji was apprehended following a look-out notice issued as part of an ongoing investigation.
The Indian investigation has revealed BitConnect was launched as an attempt to circumvent regulation concerning black money.
In late 2016, the Indian government announced the demonetization of  ₹500 and ₹1000 notes. This was done in an attempt to combat a thriving shadow economy and ‘use of illicit and counterfeit cash to fund illegal activity and terrorism‘.
In an attempt to launder black money through cryptocurrency, BitConnect was launched in Surat, a city in the Indian state of Gujarat.
Darji was arrested…