Scam Alerts

Synovus Bank’s threat to delay MOBE clawback litigation quashed

Frauds, MOBE, regulation

Following a combat over handing again funds fraudulently obtained through MOBE, the Receiver has found new potential clawback claims in opposition to Synovus Financial institution and QualPay. Discuss kicking an personal purpose… As processors connected to MOBE, Synovus Financial institution and QualPay dealt with $6.3 million in fraudulently obtained funds. Greed noticed each corporations refuse […]

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LuLaRoe’s gastric sleeve pressure group is next level creepy

choosing a business, Frauds, LuLaRoe

Whereas I’m conscious of the frequent affiliation of cultish tendencies inside MLM firms, it’s not one thing I are inclined to dwell on. Excessive followers may be discovered cheering something on, so I believe definitively drawing a line between fanaticism and a cult is fairly tough. And it’s not made any simpler by these inside

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New Zeek Rewards Receiver provides final distribution roadmap

Frauds, regulation, Zeek Rewards

Following Kenneth Bell’s appointment as a District Choose, Matthew Orso has taken over the Zeek Rewards Receivership. In a Might twenty second announcement, Orso has offered a roadmap in the direction of last distribution funds. In his announcement, Orso cites “two most important areas of litigation” that should be resolved earlier than last distribution funds

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Pinkston dodges contempt, agrees to final judgment fraud penalties

companies, Frauds, regulation

Following the FTC’s push in direction of contempt proceedings, Eric Pinkston has determined to totally cooperate with the regulator. To that finish Pinkston and the FTC have agreed on ultimate judgment penalties, which have been submitted to the Fee for approval. Particulars of Pinkston’s ultimate judgement are but to be made public. What we do

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SEC sues iPro Network, claims $26 million dollar pyramid scheme

companies, Frauds, regulation

The SEC has filed go well with in opposition to iPro Community, alleging the rip-off and founder Daniel Pacheco stole $26 million from buyers. Along with iPro Community and Daniel Pacheco (proper), aid defendants named in the SEC’s Could twenty second lawsuit embrace E Revenue Techniques; Matthew Lopez (cited as co-manager of Fintact Fee Options,

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New DealShaker abandoned. Is this OneCoin’s final collapse?

Frauds, OneCoin

OneCoin’s New DealShaker platform has been deserted. For die exhausting traders nonetheless backing OneCoin, New DealShaker was maybe the one motive they hadn’t misplaced their minds over how a lot cash they’ve misplaced. New DealShaker was supposedly being put collectively by Duncan Arthur (proper). Arthur emerged as a outstanding determine inside OneCoin someday after founder

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Mark and Tammy Smith granted Neora arbitration injunction

Frauds, Nerium

Because the submitting of Mark and Tammy Smith’s Californian lawsuit towards Neora (then Nerium), the corporate has moved swiftly to have the matter resolved through arbitration in Texas. To that finish Neora filed an arbitration demand in July 2018. Describing Neora’s response as “retaliatory and vexatious makes an attempt to litigate towards Plaintiffs in Texas”,

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FTC sues Allied Wallet for assisting scams with stealing $110 million

Frauds, payment processors, regulation

Fee processor Allied Pockets has been sued by the FTC for violations of the FTC Act. The regulator alleges Allied Pockets assisted “enterprise alternative and training scams, pyramid schemes, and illegal debt assortment operations” with illegally charging over $110 million to client accounts. In keeping with the FTC, since at the least 2012 defendants Allied

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