Multilevel marketing

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading … …

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Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

The Texas State Securities Board (TSSB) on Wednesday ordered Mirror Trading International (MTI) to cease operations immediately, alleging the South African bitcoin and forex trading network is a multilevel marketing scam. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set …

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SEC Moves to Freeze Assets of Alleged $12M Crypto Investment Scam

The U.S. Securities and Exchange Commission (SEC) moved Friday to freeze the assets of a cryptocurrency mining and multilevel marketing scheme that it claimed bilked investors of $12 million. Unsealing its complaint against Utah resident Daniel F. Putnam, his businesses MMT Distributions and R & D Global and associates Angel A. Rodriguez of Utah and …

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