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Armen Temurian Struggles with Vista Network Trading Proof

Armen Temurian, the owner of Vista Network, is struggling to produce trading evidence demanded by the U.S. Commodity Futures Trading Commission (CFTC). This issue stems from a 2017 BehindMLM report that labeled Vista Network as an MLM crypto Ponzi scheme, triggering a CFTC investigation. In 2023, the CFTC filed a $7 million fraud lawsuit against Temurian and his company.

Ongoing Legal Delays

The lawsuit has faced significant delays, primarily due to issues with discovery production and examination. Temurian has gone through three sets of lawyers and is under the threat of court sanctions, which are currently on hold as he cooperates with the CFTC’s requests.

Armen Temurian

CFTC Status Report: Key Findings

A CFTC Status Report filed on May 12, 2025, outlines the current state of discovery:

  • Partial Compliance: Temurian has submitted some documents, including communications about other lawsuits, details on Vista-related websites, and records of customer fund inflows and outflows.
  • Incomplete Responses: Critical materials remain unproduced, including data stored on two hard drives and other repositories.
  • Trading Records Missing: Temurian is still working to locate records of trading activities involving Vista customer funds and archived Vista webpages.
  • Third-Party Challenges: He has reported difficulties obtaining relevant records from a third-party service provider. The CFTC is independently pursuing these records to move the case forward.
Vista Official Logo

Next Steps

The CFTC has requested the court to postpone its sanctions motion until July 11, 2025, when a new Status Report will be submitted. Further updates will be provided as developments unfold.