Author Avatar

editor

0

Share post:

Richard Maike and the other con artists from Infinity2Global have been convicted guilty on all counts.

The lengthy criminal trial, which started on July 12, ended with a verdict on September 7.

Richard Maike, the creator of Infinity2Global, was found guilty on all charges by the jury.

fraud conspiracy using mail;

committing securities fraud in concert;

(Nine charges of money laundering); and

Attempts to Evade Taxes

Doyce G. Barnes and Faraday N. Hosseinipour, two of Maike’s accomplices, were each convicted guilty on one count of conspiring to commit mail fraud and securities fraud.

Barnes served as the Vice President of Marketing at Infinity2Global. A renowned promoter was Hosseinipour.

The three defendants’ sentencing has been set for December 12.

I was unable to locate a sentence range, but I believe Maike will likely serve several decades behind bars.

Barnes and Hosseinipour were only found guilty on two charges apiece, so I’m not sure about them. Should be at least a couple of years.

In 2017, criminal charges were brought against Maike and five other Infinity2Global defendants.

In 2013, BehindMLM evaluated Infinity2Global and said that a Ponzi scheme was “very possible.”

In the 2017 indictments against Maike et al., the DOJ acknowledged that I2G was a $25 million Ponzi scheme.

The Infinity2Global trial’s initial date was January 2019. For a variety of reasons, it was postponed until July 2022.

Richard Anzalone, one of the I2G defendants, entered a guilty plea in May. The court authorized the division of the criminal case against Infinity2Global into two trials on July 1.

The case of Maike, Barnes, and Hosseinipour just came to an end. There is no set date for Dennis Dovrin and Jason Lyn’s second trial.

Update: As of the time of writing on September 8, 2022, Maike, Hosseinipour, and Barnes are all in jail.

Maike requested parole before to sentence, but his request was rejected.

Barnes and Hosseinipour are required to stay in detention until their passports are turned in.

The Messenger-Inquirer has also provided us with some sentencing recommendations;

The maximum term for mail fraud is 20 years in federal prison, but the maximum sentence for securities fraud is five years.

Nine allegations of money laundering against Maike were determined to be true, and each one carries a potential 10-year jail term. The maximum jail time for attempted tax evasion is five years.

TL;DR: Maike could receive a sentence of up to 120 years in jail. Barnes and Hosseinipour may each serve up to 25 years.

Awakend Review Part 3 - Is a Fraud
Provizion Global Review - Is a Fraud

Leave a Comment

Your email address will not be published. Required fields are marked *