Following confirmation on Twitter that Crowd1 operates illegally in South Africa, the FSCA has now issued a formal statement. According to the FSCA, South Africa’s top financial regulator, Crowd1 is neither an authorised Financial Service Provider (FSP), nor is it a representative of an authorised FSP. There is also no record of this entity having […]
Official Crowd1 fraud warning from South Africa’s FSCA Read More »
Super 6 Group has a bit of a branding problem. The company goes by Super 6 Group but names its current MLM opportunities Speedway 7 and Speedway 16 respectively: Another company name, Speedway Group, fits in somewhere. To keep things simple this review refers to all of the above companies as Super 6 Group. Super
Super 6 Group Review: Crypto pyramid Ponzi funnel Read More »
Active Coin Trade provides no reliable information on its website about who owns or runs the company. Provided executive profiles consist of fake names and stolen photos: Active Coin Trade’s website domain (“activecointrade.com”) was privately registered on November 14th, 2019. Despite only recently launching, Active Coin Trade falsely claims it was “founded in 2013 in
15% a day trading Ponzi scheme Read More »
Pink Zebra launched in 2011. The company is based out of Texas and operates in the fragrances MLM niche. Heading up Pink Zebra are co-founders Tom and Kelly Gaines. As per a 2016 Direct Selling News interview; Back in 1997, well before launching Pink Zebra, the Gaineses had tested the Sprinkles product through Bath &
Pink Zebra Review: Sprinkle fragrances Read More »
Ahead of the scheduled July trial, it’s looking like a settlement between the FTC and 8 Figure Dream Lifestyle defendants is likely. In a stipulation filed on June 3rd, the FTC advised it is in settlement negotiations with defendants 8 Figure Dream Lifestyle LLC, JL Net Bargains, Inc., Kappy Enterprises LLC, Millionaire Mind Enterprises LLC,
8 Figure Dream Lifestyle settlements on the horizon Read More »
After doing nothing for almost a year while the Crowd1 Ponzi scheme spread like wildfire, South African authorities have clarified the company operates illegally. Well, sort of. Rather than take any initiative, the FSCA clarified Crowd1 was operating illegally in response to a public Twitter enquiry. As above, it was only after being reached out
South African authorities confirm Crowd1 operating illegally Read More »
When news of the BitClub Network arrests broke last December, we learned that the grand jury indictments behind the arrest were under seal. And so they remained until all of the defendants were in custody. That condition was finally satisfied last week, following Russ Medlin’s arrest in Indonesia. With Medlin’s arrest came the unsealing of
The unsealed BitClub Network fraud indictments Read More »
Vietnam’s Competition and Consumer Protection Department has issued fraud warnings against Crowd1 and OneLink. The CCPD has observed Crowd1 and OneLink being promoted across social media networks in Vietnam. The regulator warns that both companies are “not in compliance with the law”. “The Department of Competition and Consumer Protection assessed that the operational models of
Crowd1, OneLink & Vitae fraud warnings issued in Vietnam Read More »
In an attempt to distance itself… from itself, Darren Olayan has resigned from Nui’s parent shell company Appliqate. Nui’s company history is intentionally convoluted. At present the only thing going for Nui is Nui International. Nui International is your typical MLM crypto trading bot Ponzi scheme. The investment scheme isn’t available in the US and
Olayan to focus on Nui International Ponzi, “leaves” Appliqate Read More »
A Crowd1 investment warning has been issued across Central Africa. In related news Crowd1 investors in South Africa are upset at the company’s latest round of low payouts. The Central African Financial Market Supervisory Commission (COSUMAF) is the financial regulatory arm of the Central African Economic and Monetary Community (CEMAC). CEMAC’s jurisdiction spans Cameroon, the
Crowd1 warning issued across Africa (investors mad) Read More »
