09 December 2024 , 17:11
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Marcus Todd Brisco, a resident of Hawaii has settled SAEG fraud charges with the CFTC.
SAEG was a Ponzi scheme tied to The Traders Domain, through which a number of MLM Ponzi schemes, among them OmegaPro, are believed to have been funneled into.
Brisco, working with co-defendant Michael Shannon Sims, helped launder SAEG invested funds through Yas Castellum related shell companies.
The CFTC sued Brisco and several defendants in January 2023, alleging multiple Commodities Act violations.
As per a Consent Order approved by the court on November 22nd, Brisco is subject to a permanent injunction prohibiting
- further Commodities Act violations; and
- him having anything to do with registered trading or “commodity interests”.
On the money side of things, Brisco is subject to a $350,000 civil monetary penalty and $1.65 million in restitution.
Brisco previously consented to a $400,000 settlement with a court-appointed SAEG Receiver. This amount will be credited towards his CFTC settlement.
After the SAEG Ponzi collapsed, Brisco pivoted from commodities fraud to “saving the turtles”.
Brisco appears to have used ill-gotten gains derived from SAEG to launch Rolly Receipts.
Rolly Receipts LLC is a USA based company that is revolutionizing business supplies. Our mission is to empower our customers to minimize their eco-footprint without sacrificing the products the rely on.
Not only do we provide the single most eco-friendly receipt on the market and offer an eco-friendly alternative to plastic clam shell bakery packaging. But we also plant a tree with each case sold.
It’s unclear whether Brisco’s SAEG settlement will have an impact on Rolly Receipts’ business operations.
SAEG Ponzi ringleader Tin Quoc Tran was subject to a $512 million default judgment in August.
Additionally, Mike Sims and and Francisco Story have also settled for $250,000 and $125,000 respectively.
The CFTC separately filed suit against The Traders Domain in October 2024. The Traders Domain founder Ted Safranko (right), a Canadian national, has gone into hiding.
The Traders Domain is of particular interest due to participation by a large group of well-known MLM industry veterans.
OmegaPro CEO Andreas Szakacs was arrested in Turkey back in June. The specifics of Szakacs’ criminal charges have yet to be made public.
Source: behindmlm.com