179,000 EUR linked to OneCoin tax fraud seized in Finland
A District Court in the Ostrobothnia region of Finland has approved the seizure of €179,000 EUR. The order was made against a Finnish OneCoin affiliate, who is a suspect in a criminal case related to...
View ArticleCGI Global promise millions in earnings through Magellan International
CGI Limited surfaced earlier this year as new entry into the MLM cryptocurrency niche. Combining unregistered securities with cryptocurrency gambling through Coinsinos, CGI Limited planned to operate...
View ArticleMulti-Buy World’s bank accounts terminated, withdrawals suspended
Multi-Buy World surfaced in early 2017 and are fast approaching the two-year period in which most online Ponzi schemes collapse. The business appears to be winding down on schedule, following the...
View ArticleOneCoin received money laundering tip off from government official
Insight into how OneCoin seemingly manage to keep one step ahead of authorities has surfaced, courtesy of a District Court judgment in Germany. The case involved a government tax official facing...
View ArticleWorldVentures denied preliminary injunction against MaVie & Ariix
Having successfully overturned an ex parte TRO, defendants MaVie and Ariix have survived WorldVentures’ motion for a preliminary injunction. In a July 25th order, Judge Mazzant found WorldVentures had...
View ArticleHTTPS Implementation
The next step in Google’s New World Order for the internet was to begin showing “not secure” for non-HTTPS websites in the Chrome address bar. This update rolled out earlier this week. I’m not going to...
View ArticleGenesis Mining dismissed from South Carolina cease and desist
Cloud mining company Genesis Mining found itself the recipient of a securities fraud cease and desist, as part of South Carolina’s crackdown on Swiss Gold Global. Despite indicating they wouldn’t be...
View ArticleNui restructures, pseudo-compliance and responding to cease & desist
Seemingly in response to Texas’ cease and desist, Nui has announced it is restructuring its affiliate offering. We haven’t heard much from CEO Darren Olayan after he claimed securities regulation...
View ArticleTVizion fails to respond to Dish Network’s lawsuit, default entered
Having been served by Dish Network on June 8th, TVizion has thus far failed to respond to their copyright infringement lawsuit. This prompted Dish Network to file an application for a Clerk’s Entry of...
View ArticleDaniel Filho declared incompetent to stand trial, charges to be dismissed
State state of Daniel Filho’s mental health has been dragging on for some time. Last we checked in was just under a year ago, wherein a motion requesting the appointment of a Receivership was denied....
View ArticleOneCoin will not go public on October 8th, delayed indefinitely into 2019
At a recent OneCoin event held in Argentina, Konstanin Ignatov has confirmed OneCoin will not be going public on October 8th. After playing heavily to the South American crowd and acknowledging...
View ArticleDigital Altitude’s attorneys are out, no victim funds for legal fees
Several interesting developments in the FTC’s case against Digital Altitude have arisen over the past few weeks. On July 26th Judge Kronstadt issued several orders regarding the developments, which...
View ArticleWorldVentures’ top Asian affiliate sues for $243K in unpaid commissions
Since revealing WorldVentures owes one of its affiliates almost $100,000 in unpaid commissions, we’re receiving confirmation that other affiliates are in similar predicaments. One such affiliate is...
View ArticleInfinity2Global defendants hit with superseding indictment
The DOJ has filed a superseding indictment against all seven Infinity2Global defendants on July 11th. A superseding indictment replaces an existing indictment and is filed either due to legal defect or...
View ArticleSEC investigation into BitConnect confirmed
Top BitConnect investor Craig Grant uploaded a YouTube video a few hours ago, in which he confirms an SEC investigation into the company is underway. [1:26] Trevon (James) … says that the SEC...
View ArticleWorldVentures’ Sth African affiliates owed $106K in unpaid commissions
Following other top affiliates that have sued the company for unpaid commissions, now comes Devraj and Cassandra Soojay with a lawsuit demanding $106,000. According to their complaint, filed in a Texas...
View ArticleNerium Skincare and Jeff Olson reach settlement agreement
On June 27th Nerium Skincare and Jeff Olson filed a Joint Settlement Report. The report detailed a fourth mediation session, held on June 12th. After the one-day session, settlement negotiations...
View ArticleiMarketsLive “scammers” warning issued by FCA
As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%). This seems to have caught the attention of the Financial Conduct Authority, who back in May...
View ArticleSantiago De La Rosa settles with SEC and TelexFree Trustee
Following denial of his motion to dismiss, Santiago De La Rosa entered settlement negotiations with the SEC and TelexFree Trustee. Those negotiations lead to a proposed settlement, which was approved...
View ArticleNui Review: Cryptocurrency token investment with pseudo-compliance
Nui has its origins in Divvee, a failed “access to discounts” MLM opportunity that launched in mid 2016. When Divvee’s original model failed, the company rebooted as a mobile app promotion platform....
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