TL;DR The Federal Trade Commission sued MLM recruiter Stormy Wellington on April 13, 2026 for making deceptive income claims while recruiting for two multi-level marketing companies: Total Life Changes (TLC) and Farmasi. 76.8% of TLC participants earned zero compensation in…
Investigations / Financial Fraud / Pyramid Schemes They Took $1.24 Billion From People Who Couldn’t Afford to Lose It The FTC and State of Nevada have sued IM Mastery Academy, its founders, and its top earners for running a pyramid…
Case No. 1:24-cv-23745 TL;DR From at least November 2019 through the date of filing, a company called Traders Domain FX Ltd. (operating as “The Traders Domain”) and its co-owners Ted Safranko and David Negus-Romvari ran what federal regulators describe as…
EvilCorporations.com • Case No. 1:25-cv-00681, E.D. Virginia • 29 min read PGI Global’s $198M Cryptocurrency Ponzi Scheme How Ramil Ventura Palafox sold fake crypto profits to everyday investors worldwide, pocketed $57 million, bought Lamborghinis with their Bitcoin, and transferred the…