It’s Only 5 and owner Elton Potts have received a $10,000 securities fraud cease and desist from Michigan.

As per the Corporation, Securities and Commercial Licensing Bureau
19th April notice
;

ItsOnly5.com is a publicly available website that is not registered in any capacity and has not registered any securities offerings under the Securities Act in Michigan.

It is owned and operated by Elton Potts, an individual last known to be a resident of the State of Michigan.

The CSCL cite It’s Only 5 as being associated with the companies AACHEN AUTO K E B, INC. and TFN Group INC.

The CSCL go on to advise they opened an investigation into It’s Only 5 after receiving a consumer complaint.

Evidence collected by Bureau staff shows that Respondent publicly solicited funds through its website, ItsOnly5.com, and promised of profits to investors based on a “forced matrix” operated by Respondent and its staff.

Investors could but were not required to recruit other investors to participate in the scheme and had to exert no efforts to realize the purported investment returns.

This is in line with BehindMLM’s published August 2022
It’s Only 5 review
. Following our own research, we identified It’s Only 5 as a matrix cycler Ponzi.

Respondent’s offers and sales of these investment opportunities constituted investment contract securities that were not registered under the Securities Act, and Respondent and Potts have failed to claim an exemption, exception, preemption, or

exclusion justifying the failure to register the securities.

As a result of It’s Only 5 and Potts committing securities fraud, the CSCL went on to issue a cease and desist.

The regulator has also issued a $10,000 fine;

In a Final Order, the Administrator intends to impose civil fines of $10,000.00 against Respondent under MCL 451.2604(4).

The $10,000 fine kicks in if It’s Only 5 and Potts don’t request a hearing within 30 days of the C&D notice being issued.

That deadline passed on May 24th. I was unable to find any evidence It’s Only 5 or Potts requested a hearing.

Having declined to request a hearing to explain themselves, It’s Only 5 and Potts have 60 days from May 24th to pay the $10,000 fine.

In addition to Elton Potts, It’s Only 5 was fronted by:

Sarah Potts – credited as an It’s Only 5 co-founder

John and Lisa Arnold – credited as It’s Only 5 co-founders

Reem Shehadeh – credited as It’s Only 5’s Public Relations Manager and

Guillermo Joya – credited as It’s Only 5’s Sales & Training Manager

In BehindMLM’s
It’s Only 5 Review
, we noted that a month prior to the CSCL’s notice It’s Only 5 began deleting website and marketing video evidence.

Looks like It’s Only 5 has collapsed or is on the verge of collapse. It’s Only 5 website content and marketing videos are being deleted and/or marked as private.

A visit to It’s Only 5’s website today reveals the scheme has been shut down due to “unforeseen circumstances”.

I’m not quite clear on how an MLM committing securities fra

🤖 Quick Answer

What enforcement action was taken against It's Only 5 and its owner Elton Potts?
The Michigan Corporation, Securities and Commercial Licensing Bureau issued a $10,000 cease and desist order against It's Only 5 and owner Elton Potts on April 19th for securities fraud. The unregistered website solicited funds publicly without proper securities registration under Michigan's Securities Act.

Why did Michigan authorities investigate It's Only 5?
Michigan's CSCL initiated an investigation following a consumer complaint. The bureau's investigation revealed that It's Only 5 publicly solicited funds through its website without proper registration or authorization, violating securities regulations.

Which companies were associated with It's Only 5 according to the investigation?
According to the CSCL's findings, It's Only 5 was associated with two companies: AACHEN AUTO K E B, I

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