When MLM companies committing fraud tout a debit card, it’s typically obtained through shell companies attached to dodgy merchants.

Both GSPartners’ and PLC Ultima offered debit cards through PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC – all owned by Christopher James Scanlon.

Scanlon was arrested by US authorities at Miami International Airport on Thursday, May 25th.

Through his companies, Scanlon (right)
has been charged
with running an “unlicensed money transmitting business”.

As per the Criminal Complaint filed against him, Scanlon’s companies

operated as an unlicensed private bank for its customers and had operations in the United States and other foreign jurisdictions.

Both GSPartners and PLC Ultima are MLM companies BehindMLM can confirm were clients of Scanlon’s unlicensed bank.

GSPartners
solicits investment from US residents on the promise of a 300% ROI paid over 18 months.

Once acquired, investor funds were laundered through GSLifestyle, a “global card solution” provided by Scanlon’s unlicensed bank.

Last September, Club Swan and Nvayo Limited abruptly advised investors it had
terminated its business partnership
with GSPartners’ parent company Gold Standard Bank.

Following fraud warnings from Canada and the Central Bank of Comoros, GSPartners
rebooted as Swiss Valorem Bank
earlier this month.

As part of the reboot, new debit cards are being offered through Swiss Valorem Bank LTD (Kazakhstan), IBBP Pay Services LTD (Kazakhstan) and CoinX24 AG (Switzerland).

GSPartners and Swiss Valorem Bank are run by Josip Heit. Believed to hold a German passport, Heit spends most of his time
hiding in Dubai
.

On a May 24th GSPartners Corporate Call, Heit confirmed Swiss Valorem Bank’s new cards are going live on June 1st.

[32:53] (On the) first of June around the world, ladies and gentleman.

American citizens will have a local bank accounts. Directly in (the) US with a bank with which we are working together … using technology created by Swiss Valorem Bank.

Swiss Valorem Bank’s new financial services provider isn’t disclosed.

PLC Ultima
is an MLM crypto Ponzi scheme run by Alex Reinhardt. Reinhard is another European national hiding in Dubai.

PLC Ultima’s ties to Chris Scanlon’s unlicensed bank was through PLC Card.

For all intents and purposes PLC Ultima has collapsed. Presently there is talk of a “swap” reboot, which will see PLCU bagholders swap their Ponzi coin for yet another coin.

Outside of GSPartners and PLC Ultima, Chris Scanlon’s Criminal Complaint gives you an idea of the type of clients his unlicensed bank serviced.

Customer-1 was a resident of New Jersey and a customer of Aurae Lifestyle.

In or around 2021, Customer-1 pleaded guilty to U.S. federal charges for conspiring to violate the federal anti-kickback statute and conspiring to defraud the IRS.

Customer-2 was a resident of California and a customer of Aurae Lifestyle.

Customer-2 was previously convicted in or around 2001

🤖 Quick Answer

Who is Christopher James Scanlon and what was he arrested for?
Christopher James Scanlon was arrested by US authorities at Miami International Airport on May 25th for operating an unlicensed money transmitting business. Through shell companies including PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC, he provided debit card services to MLM companies, operating as an unlicensed private bank with international operations.

Which MLM companies utilized Scanlon's debit card services?
GSPartners and PLC Ultima were MLM companies confirmed to have obtained debit card services through Christopher James Scanlon's shell companies. These financial solutions were provided via multiple entities he controlled, facilitating fraudulent transaction processing for the MLM operations.

What criminal charges were filed against Scanlon?
Scanlon was charged with running an unlicensed money transmitting business

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