Tag: Tropikgadget Unipessoal LDA
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‘WINGS NETWORK’: Court Orders Disgorgement Of Tens Of Millions Of Dollars In Pyramid/Ponzi Case — Plus, Prison Sentences Ordered In eAdGear Case
Back in February 2015, the SEC brought a Ponzi- and pyramid action against the alleged operators of “Wings Network,” alleging a cross-border MLM fraud that had gathered tens of millions of dollars. Massachusetts Commonwealth Secretary William Galvin, head of the Massachusetts Securities Division, charged Wings Network and some individuals in 2014. The SEC announced today…
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EDITORIAL: Creeping Up On MLM Perdition
EDITOR’S NOTE: The MLM “program” known as Wings Network is alleged to have operated through two business entities that used the name “Tropikgadget.” The SEC’s case, announced Friday, is filed in U.S. District Court for the District of Massachusetts. That’s the same venue in which the agency’s epic TelexFree case was filed last year. There…