The Texas State Securities Board has moved to shut down a digital gold vault that it claims is actually an illegal international multilevel marketing (MLM) operation, according to a recent enforcement action published on its website. “Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order to stop an international multilevel marketing scheme offering Texans the opportunity to invest in a digital gold vault,” the order said. According to the Securities Board, Billionico Academy “began by promoting itself as an education platform that sold learning modules” but on April 19, 2024, the company ... (full story)