GetEasy Scam Alert Up Date: ringleader arrested in Madeira, Portugal – Prospects PAY YOU To Advertise To Them!

April 7, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News

GetEasy Scam Alert

GetEasy ringleader arrested in Madeira, Portugal

Posted: 06 Apr 2016 07:06 PM PDT

Following a series of raids, earlier this year Spanish authorities arrested several GetEasy ringleaders. Now, working with their counter-parts in Portugal, another GetEasy ringleader has been apprehended in Madeira. For those unfamiliar with the company, GetEasy was a Ponzi scheme that collapsed in early 2015. Specifically targeting Europe and South America, GetEasy conducted investment fraud [Continue reading…] Source: GetEasy ringleader arrested in Madeira, Portugal

Under the guise of renting GPS trackers to non-existent customers, GetEasy solicited used new affiliate investments to pay off existing investors.

Amid claims GetEasy was “the world’s first legal investment-based MLM opportunity“, the scheme inevitably collapsed in February, 2015.

Total losses by investors have never been clarified, with there being an uneasy silence from Portuguese authorities regarding the scam.

Former GetEasy CEO Tiago Fontoura was arrested in Tunisia mid last year, but to date nothing much seems to have come of it.

With not so much as a peep from Portuguese authorities, an unexpected investigation in Spain has lead to raids and several arrests.

El Confidential are reporting that, following “many months of investigation”, the Spanish Civil Guard

Read the full article and join in the discussion over at BehindMLM.

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