BehindMLM

Criminal investigation after QNet debt suicide in India

Oz — Sun, 20 Sep 2026 12:55:14 +0000

The Central Bureau of Investigation has opened a criminal case following a QNet debt related suicide in India. The 420 reported on September 20th that Badugu Harikrishna, from a village in Vargal, died after borrowing money through digital lending platforms and invested funds in online betting, gaming applications and QNet-related activities. Harikrishna lost 400,000 INR [Continue reading...]

Source: Criminal investigation after QNet debt suicide in India

Tag Markets securities fraud warning from Canada (QC)

Oz — Sat, 19 Sep 2026 14:15:35 +0000

Tag Markets has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF). As per AMF’s September 18th, 2026 Tag Markets fraud warning; Tag Markets is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. The AMF names Tag Markets and parent company T.M. [Continue reading...]

Source: Tag Markets securities fraud warning from Canada (QC)

Metatronics claims Jan Gregory misappropriated $100K

Oz — Fri, 18 Sep 2026 09:45:24 +0000

Metatronics Global’s collapse has deteriorated into Ponzi scammers accusing other Ponzi scammers of Ponzi scamming. In response to Jan Gregory claiming Metatronics Global had disabled withdrawals and “was done” yesterday, the Ponzi scheme claims Gregory misappropriated $100,000. As the face of the scam, it’s highly probable Gregory has stolen at least $100,000 through Metatronics. How Metatronics [Continue reading...]

Source: Metatronics claims Jan Gregory misappropriated $100K

Amway & promoters settle FTC Act fraud for $225 mill

Oz — Fri, 18 Sep 2026 08:23:43 +0000

Amway and two promoters have settled an alleged fraud case brought by the FTC and State of Washington for $225 million. The FTC and Washington filed suit against Amway Corp, aka Amway North America, World Wide Group LLC and Leadership Team Development Inc. on September 17th, 2026. Amway is an MLM company founded by Rich [Continue reading...]

Source: Amway & promoters settle FTC Act fraud for $225 mill

Jan Gregory claims Metatronics Global Ponzi “is over”

Oz — Thu, 17 Sep 2026 15:20:56 +0000

Serial fraudster Jan Gregory claims the Metatronics Global Ponzi he was promoting “is over”. Metatronics Global is/was an MLM crypto Ponzi fronted by Boris CEO Bradley Peak. Boris CEO Ponzi schemes, wherein actors are hired to play executives, are typically run by eastern European scammers. In a YouTube video uploaded earlier today, Gregory claimed “Gregor” [Continue reading...]

Source: Jan Gregory claims Metatronics Global Ponzi “is over”

MTC Education’s Michael Sloggett sentenced to 33 mths

Oz — Thu, 17 Sep 2026 14:01:25 +0000

MTC Education’s Michael Sloggett has been sentenced to two years and nine months imprisonment. As per a paywalled September 17th article from the Townsville Bulletin, Sloggett will serve a minimum five months behind bars. Sloggett was arrested in 2021 on cryptocurrency money laundering charges. The charges stemmed from Sloggett laundering $2.61 million for “Modern Wall [Continue reading...]

Source: MTC Education’s Michael Sloggett sentenced to 33 mths

Exotic Diamonds settles with The Traders Domain Receiver

Oz — Tue, 15 Sep 2026 13:38:09 +0000

Kzar, Inc., dba Exotic Diamonds and Fine Jewelry, has settled with The Traders Domain Receiver for $250,000. Exotic Diamonds and Fine Jewelry, a Texas corporation, popped up on the Receivership’s radar after learning Holton Buggs purchased a diamond ring from it for one million. The money was misappropriated through The Traders Domain, prompting the Receiver [Continue reading...]

Source: Exotic Diamonds settles with The Traders Domain Receiver

TelexFree investor asks court to pay travel costs & allowance

Oz — Mon, 14 Sep 2026 14:25:12 +0000

After a reconsideration request over a TelexFree victim claim was denied, a purported TelexFree victim in Nigeria asked a court to pay travel expenses, flight tickets and a “daily subsistence allowance”. TelexFree was a ~$3.6 billion MLM Ponzi that collapsed in April 2014, eventually leading to the appointment of a TelexFree Trustee. As part of [Continue reading...]

Source: TelexFree investor asks court to pay travel costs & allowance

RV Palafox cops $46.8M PGI Global restitution order

Oz — Sat, 12 Sep 2026 15:14:57 +0000

PGI Global Ponzi founder Ramil Ventura Palafox has been ordered to pay $46,829,860.10 in restitution. Palafox’s restitution order was filed on September 11th, stipulating that prejudgment and postjudgment interest was waived. PGI Global was an MLM crypto Ponzi Palafox launched in late 2019 or early 2020. Palafox was arrested in April 2025, with the DOJ pegging PGI Global [Continue reading...]

Source: RV Palafox cops $46.8M PGI Global restitution order

Ultima investment scam warning from Kenya

Oz — Sat, 12 Sep 2026 14:10:27 +0000

Ultima has been issued an investment scam warning from Kenya’s Capital Markets Authority (CMA). CMA issued a public caution on September 11th, naming Ultima among a group of fifteen identified “investment scams”. The … entities are operating unlawfully and [are] fraudulently soliciting funds from the public. Like most countries, securities fraud is illegal in Kenya. [Continue reading...]

Source: Ultima investment scam warning from Kenya