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FTC Settles with Operators of Bitcoin Funding Team and My7Network Crypto MLM Schemes

The Federal Trade Commission (FTC) of the United States has recently banned the operators and promoters of a deceptive cryptocurrency multi-level marketing pyramid scheme, operating under the names ‘Bitcoin Funding Team’ and ‘My7Network.’The FTC has obtained the order from the court in March 2018 against the four operators of the

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Singapore Police Secure First Convictions Against OneCoin MLM Scheme Agents

Singapore authorities have charged two men for promoting cryptocurrency multi-level marketing (MLM) scheme OneCoin in the first case of its kind for the city state, local daily news outlet Business Times reported on April 10.The two men, who were not named, reportedly engaged in activities involving incorporating a subsidiary

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