As part of an undisclosed sale to a third-party, Beautycounter has informed its Brand Advocates they’ve been terminated. As per the above email sent out, BeautyCounter terminated its Brand Advocates effective April 17th, 2024. Around 65,000 Brand Advocates are believed to have been affected. Who BeautyCounter has been sold off to is unclear but “in […]
Beautycounter sold off, MLM Brand Advocates terminated Read More »
Verse Network has received a securities fraud warning from France. As per the Autorite des Marches Financiers’ April 4th warning, Verse Network is “offering investments in … crypto-assets, without being authorized to do so”. Verse Network was an MLM crypto Ponzi. The scam was launched last year by serial Ponzi promoters Joseph Paillant and Brice
Verse Network securities fraud warning from France Read More »
The scammers behind the collapsed Greek Mythology Club NFT Ponzi have pivoted to commodities fraud. In early February, Brendon Parker (aka Crypto Bren) announced the GMC Elev8ed Forex Trading System. Fellow Greek Mythology Club co-founder Zak Anstis has GMC Elev8ed daily returns marketing on his social feeds: Greek Mythology Club affiliates invest $100 or more
Greek Mythology Club scammers pivot to commodities fraud Read More »
The Financial Education Services “terminations” class-action has been partially dismissed. And following the March 21st partial dismissal order, what’s left of the case has been sent to arbitration. At issue in FES’ motion to dismiss was Plaintiffs, former FES distributors, having signed a contract compelling disputes to arbitration (ISR agreement). In handing down its decision,
FES class-action partially dismissed, sent to arbitration Read More »
A court has ordered the appointment of a Qyral Receiver. The order follows an April 10th emergency ex-parte application filed by defendant Darius Banasik, and an April 12th proposed order filed by plaintiffs Hanieh Sigari and Qyral LLC. In granting the order, the court noted it had ordered Banasik (right) and Sigari to “meet and
Qyral Receiver appointed by court order Read More »
ProCap International has received a securities fraud warning from Hong Kong. As per the Securities and Future Commission’s April 8th warning, ProCap offer investors very high guaranteed returns at a rate ranging from 6% to 42% per month when investors engage in prediction games, together with other benefits including referral incentives. Hong Kong investors may
ProCap International securities fraud warning from Hong Kong Read More »
Appointment of a Qyral Receiver has been requested as part of ongoing proceedings between Hanieh Sigari and Darius Banasik. Claiming third-party service providers had declined to comply with a granted Temporary Restraining Order because it was “not specific enough”, Sigari filed a motion requesting the TRO be modified on April 5th. The purpose of this
Receiver requested in ongoing Qyral proceedings Read More »
Following the arrest of twenty ProCap Insurance scammers last October, the Philippine SEC noted the Ponzi scheme was still being promoted in the Philippines. Apparently the foregoing [arrests] did not deter ProCap from carrying out its unauthorized investment-taking activities as the EIPD showed another evidence that ProCap is continuously offering/selling its unregistered securities. ProCap had
ProCap issued contempt cease & desist from Philippines Read More »
Terrence Pounds has been sentenced to 94 months in prison for COVID-19 loan fraud. Pounds, who orchestrated the multi-million dollar fraud scheme, will also have to pay back $4.2 million in restitution. Pounds (47, right) and five accomplices were indicted back in April 2021. Pounds pled guilty to thirteen counts of fraud in May 2022.
Terrence Pounds sentenced to 7.8 yrs in prison for fraud Read More »
Brazil’s Supreme Court has approved the extradition of BitRobot admin Laurent Myriam Claude Barthelemy. Barthelemy was arrested in Brazil on an international arrest warrant request by Belgium in April 2023. As per the Supreme Court’s April 2nd press-release, Barthelemy (right) has been charged with “committing the crimes of criminal organization, fraud, computer fraud and money
Brazil approves extradition of BitRobot’s Laurent Barthelemy Read More »
