FTC criticize Vemma for reclassifying affiliates as customers
Income Disclosure Statements have become somewhat of a joke these last few years. Rather than present the general public with an accurate snapshot of the business, MLM companies instead seek to...
View ArticleFTC want Vemma’s “irrelevant evidence” excluded (Koscot)
At the core of the FTC’s pyramids scheme case against Vemma is the issue of a lack of significant retail activity, along with deceptive income claims. Thus it was surprising that one of the first moves...
View ArticleFTC reply to Vemma’s preliminary injunction objections
In direct response to Vemma’s raised objections to a preliminary injunction being granted next Tuesday, the FTC filed an “omnibus reply” late Friday. In their reply the FTC cover the reclassification...
View ArticleWCM777 Victim Claims Portal open
Following court-approval to establish a victim claims process, news from the WCM777 Receiver that a claim portal has been established. This means that those who lost funds in WCM777 can file a claim...
View ArticleLyconet Customer Cloud = €1500 unregistered securities?
Lyconet are gearing up to release what they’re calling “Customer Cloud” in Europe. The basic idea is that “organizations” sign up to Lyoness and in turn sign up shoppers (typically members of the...
View ArticleZeek victims to pay $35,000 towards winner’s defense
The battle between Zeek victims and those who stole $1000 or more from them inches closer to resolution, following a proposal to appoint legal counsel. If approved, Zeek Rewards $1000 or more in...
View ArticleuFlip Review: Canadian real estate projects?
As per the uFlip website: UFlip is a company officially launched in August 2015. The registered office of the Company and the operational office is located in Montreal, Canada. Unfortunately that is...
View ArticleBeOnPush Review: $20-$10,000 investment pack Ponzi
As per a fake news video featured on the BeOnPush website, BeOnPush is purportedly a “UK and Luxembourg based company”. Luxembourg is a known tax-haven and registration in the UK requires little more...
View ArticlePrivate Access Online Review: G1E travel opp?
Despite the following message appearing on the Private Access Online website: There are 5 things most people believe are important pieces of the puzzle when you look for a home based business. Owner’s...
View ArticleVemma preliminary injunction to be decided in 3 days
Following a hearing held today, the Judge hearing the case will purportedly take up to three days to rule on whether a preliminary injunction should be granted. We’ll have more when the legal docs go...
View ArticleThreats of violent retribution see USFIA protest abandoned
The GemCoin situation in Arcadia continues to deteriorate, with the latest seeing a planned protest called off due to threats of violence. The protest, to be staged outside of Arcadia City Hall tonight...
View ArticleWuo ignores resignation calls & distraught USFIA victims
Another two weeks, another action-packed Arcadia City Council Meeting. Packed to the rafters, the September 15th meeting saw multiple calls for John Wuo’s resignation, along with teary testimony from...
View ArticleOneCoin claim they are going to open a US bank
After OneCoin’s US launch flopped, the latest sees the Ponzi scheme claim to have “bought a bank”. First order of business? Register with the SEC and open up a bank in the US. In a September 15th...
View ArticleVemma preliminary injunction briefs
Following the updating of the case docket, we can provide you a bit more information about the Vemma preliminary injunction hearing on September 15th. Before the hearing took place, Judge Tuchi...
View ArticleTelexFree Brazil ruled a Ponzi scheme, fined $782,512
There hasn’t been much news out of Brazil this year regarding the TelexFree Ponzi case. Earlier this year the court-ordered expertise from independent auditor Ernst & Young was filed, citing...
View ArticleSann Rodrigues pleads not guilty to visa fraud
Sann Rodrigues arraignment hearing was held yesterday, with the top TelexFree Ponzi pimp pleading not guilty to visa fraud. Rodrigues (right) was picked up by authorities in New Jersey, after he...
View ArticleGavel’s motion to dismiss denied, Parker still furious…
Sandra Gavel is a Canadian Zeek Rewards net-winner, who after being sued by the Zeek Receiver is up for $89,906. In response to the Receiver’s lawsuit, Gavel personally filed the following...
View ArticleUSFIA hold GemCoin gala at Steve Chen McMansion
Despite denials from USFIA that they are running the GemCoin Ponzi scheme, video footage has emerged clearly suggesting otherwise. The footage is dated September 1st and appears to be a gathering of...
View ArticleEnagic Review: Kangen alkaline water ionizers
Enagic operate in the water purification MLM niche and are based out of the US state of California. On their website Enagic trace their origins back to June 1974, which is when they claim Sony’s...
View ArticleVemma verdict: FTC wins, preliminary injunction granted
You’ve read the opinions, you’ve read the mostly one-sided accounts of what went on at the September 15th preliminary injunction hearing, you’ve seen Vemma’s CEO declare god is on his side all week…...
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