Bonofa Scam News Update: Owners arrested for violations of the German Banking Act

May 25, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News

Bonofa Scam News Update: Owners arrested for violations of the German Banking Act

Bonofa owners arrested in Germany

Posted: 24 May 2016 07:00 PM PDT

Following “months of investigation”, on May 19th 126 search warrants were issued on locations across the German states Saarland and Saxony. Additionally arrest warrants for violations of the German Banking Act were issued for four individuals in particular, believed to be the owners of Bonofa. Following a massive operation involving 1200 agents, Detlef Tilgenkamp (63) from Saarbrücken, [Continue reading…] Source: Bonofa owners arrested in Germany

This news restores my faith in the regulatory process.

Bonofa was an obvious ponzi scheme, yet it took 1200 agents over 2.5 years to put together their case and take action.

I wonder if they go after the Top Promoters and seek criminal charges and/or begin clawback to recover the investors’ money?

I guess the “we were just earning commissions for selling a product” (social media platform and services) excuse didn’t work for those charged.

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

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