Hanna Shea settlement sees firm keep $20,000 TelexFree fee
As part of the TelexFree Trustee’s clawback rampage filed back in April, Hanna Shea Consulting was sued for $20,000. Rather than accept they had received stolen Ponzi funds as compensation and return...
View ArticleCoin Leaders Review: DasCoin is a OneCoin Ponzi points clone
The Coin Leaders website states that the company is operated by CL Singapore Pte. Ltd., which is based in Singapore. CL Singapore is wholly owned by Coin Leadership Limited, based in Dubai. John Pretto...
View ArticleNorwegian regulator receives “no reply” from OneCoin
When news broke of London police’s investigation into OneCoin, the company’s response suggested dismay at having not been contacted prior to such a public announcement. OneCoin is disappointed that the...
View ArticleNicolas Giannos and Rosita Stanfield appeals denied (uFun Club)
I was expecting a decision on Nicolas Giannos and Rosita Stanfield’s appeal in October, but turns out a decision was made last month. Long story short, both Giannos and Stanfield have lost their appeal...
View ArticleUnited Games Marketing set affiliate cutoff date, share compliance woes
I first learned about United Games Marketing’s plans to limit affiliate numbers back in late June. The affiliates will be capped and the goal is to have players enjoying the game with Freemium play....
View ArticleDOJ oppose Merrill’s proposed November trial delay
Two days ago James Merrill filed a motion requesting his upcoming criminal trial be postponed till November 14th. The original trial date (which has been rescheduled at least twice at Merrill’s request...
View ArticleMatrix Million Review: Five-tier matrix cycler Ponzi
There is no information on the Matrix Million website indicating who owns or runs the business. The Matrix Million website domain (“matrixmillion.com”) was registered on September 15th 2016, however...
View ArticleThai MLM hip hop song draws protest, gets renamed
On September 30th Thai hip hop trio Natee “Oui” Eakwichit released an MLM diss track. Titled “Puan Hai Pror Kai Trong”, which translates to “Losing Friends Because Of Direct Sales”, the song’s...
View ArticleProfit Alliance Club Review: Ten-tier cryptocurrency mining Ponzi
The Profit Alliance Club website identifies Diego Noriega (full name Diego King Noriega) as the founder of the company. According to Noriega’s Facebook profile, he is based out of California in the US....
View ArticleOneCoin lose Italian bank account, open one up in Hong Kong
OneCoin’s banking rollercoaster woes continue, with the latest seeing the scheme open up a new account with China Construction Bank (Asia) Corporation Limited. Two weeks ago OneCoin revealed a new...
View ArticleMerrill trial continuance granted but only for 2 weeks
A few days ago James Merrill filed a motion for continuance, requesting his upcoming criminal trial be postponed till November 14th. The DOJ opposed the motion, citing preparation issues and weakness...
View ArticleBitcoin 4 Passive Review: Five-tier bitcoin cash gifting
There is no information on the Bitcoin 4 Passive website indicating who owns or runs the business. The Bitcoin 4 Passive website domain (“bitcoin4passive.com”) was registered on the 25th of September...
View ArticleCrowd Earner Review: Token-based cash gifting
There is no information on the Crowd Earner website indicating who owns or runs the business. The Crowd Earner website domain (“crowdearner.net”) was registered on the 21st of September 2016, however...
View ArticleZeek Receiver: OFAC deficient claims will be purged after Dec 31st
If you’re a Zeek Rewards victim and have yet to file OFAC certification, you might want to get a move on. In an update published on October 5th, the Zeek Receiver has advised claims without an attached...
View ArticleWorld Ventures lose case against Norwegian Ministry of Culture
Back in February 2014, the Norwegian Gaming Board ruled World Ventures was an illegal pyramid scheme. World Ventures filed an appeal, which they lost later that year in November. Within a month World...
View ArticleSwiss court rules Lyoness a Ponzi scheme, affiliate contracts invalid
Lyoness has lost a lawsuit filed in a Swiss Cantonal court. The lawsuit sought to ascertain whether or not Lyoness Premium affiliate memberships were legally binding. Who filed the lawsuit is unclear...
View ArticleM2M Crowdfund Review: Five-tier bitcoin cash gifting
There is no information on the M2M Crowdfund website indicating who owns or runs the business. The M2M Crowdfund website domain (“m2mcrowdfund.com”) was registered on the 28th of September 2016,...
View ArticleTraffic Monsoon Receiver subpoenas Google, Yahoo & William Bryant
The Traffic Monsoon Receiver’s investigation into Traffic Monsoon continues, with the latest seeing subpoenas served on Google, Yahoo and William Bryant. The subpoenas served on Google and Yahoo...
View ArticleSEC: Scoville’s arguments are “without merit” &“legally meaningless”
In addition to the periodic pro-Ponzi rants Scoville has been publishing on Facebook, a few weeks ago Scoville filed an opposition to the SEC’s requested preliminary injunction. The SEC have filed...
View ArticleSEC: Traffic Monsoon does not have sufficient funds to repay investors
In what shouldn’t come as a surprise to anyone, the SEC have revealed, contrary to Charles Scoville’s representations, that Traffic Monsoon cannot repay its investors. In late September Scoville filed...
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