Mauritius’ Financial Services Commission has issued a securities fraud warning against Cloud Token. In their warning the FSC singles out Cloud Token affiliates promoting the investment opportunity through social media. The groups “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by name. The public is being solicited by a certain group […]
Cloud Token securities fraud warning issued in Mauritius Read More »
Defendants Phillip Piccolo, Kevin Johnson, Joseph Reid and Paul Morris have filed their answer to Armen Temurian’s Vista Network lawsuit. The defendants have also filed a counterclaim with their answer. Piccolo’s, Johnson’s, Reid’s and Morris’ answer to Temurian’s lawsuit is typical of such filings. It’s mostly acknowledgement of neutral facts and denials of all other
Counter-claim filed in Vista Network fraud lawsuit Read More »
The Brazilian SEC has launched an investigation into the Investimento Bitcoin Ponzi scheme. Although they’ve yet to make a formal statement, the Brazilian SEC (CVM) has confirmed to UOL it is investigating Investimento Bitcoin for suspected fraud. CVM (Securities and Exchange Commission) says in a report that it has found “evidence of fraud in third-party
Investimento Bitcoin under investigation for fraud in Brazil Read More »
A September 11th court order has scheduled the WorldVentures v. Mavie lawsuit trial for December 2nd, 2019. The day after the order co-defendant Ariix filed a motion requesting a reset of the trial date. Ariix claims it’s holding a distributor event in Thailand between December 4th and 11th. Key Ariix executives, including CEO Fred Cooper,
WorldVentures v. Mavie trial showdown scheduled for Dec 2nd Read More »
Aegea appears to have collapsed and recently rebooted as Energentics. A visit to Aegea’s old website domain today shows visitors a static branded picture. Alexa statistics for the domain show a collapse hit hard throughout late 2018. As above, by 2019 Aegea was well on the way out. Energentics appears to be a 1:1 reboot,
Aegea reboots as Energentics, adds “Tesla energy signatures” coffee Read More »
The SEC has filed a lawsuit against Bitqyck and owners Bruce Bise and Samuel Mendez. The regulator alleges Bise and Mendez ” engaged in deceptive conduct”, and that Bitqyck itself was a $13 million dollar scam. Bitqyck launched in December 2016 and, according to the SEC, solicited over $13 million from more than 13,000 investors
Bitqyck a $13 million fraudulent scheme says SEC Read More »
Following the collapse of its Ponzi scheme, Exp Asset continues to string investors along. The latest is a fourteen-day deadline for affiliate refunds. Exp Asset made its latest announcement yesterday via Facebook. According to the company’s update, a series of “tests” need to be run. The tests will last for a maximum of 14 days.
Exp Asset sets fourteen day refund deadline, Patryk Krupinski hiding Read More »
Spain’s National Securities Market Commission has issued a securities fraud warning against Xsinergia. According to the CNMV, Xsinergia is not registered to offer securities in Spain. The regulator identifies Xsinergia as Sinergia De Activos Y Socios SL, and states the company is operating illegally with respect to Spain’s Securities Makrets Law. CNMV also warns against
Xsinergia securities fraud warning issued in Spain Read More »
The FTC Commission has approved settlements with Scott Chandler, Louis Gatto, Thomas Dluca and Eric Pinkston. Details of the settlements reveal over a million dollars in ill-gotten gains will be turned over. In no particular order, here are the particulars of each defendants settlement with the FTC: William Scott Chandler – $31,000 monetary judgement Thomas
Chandler, Gatto, Dluca & Pinkston settlements run into the millions Read More »
A coder behind the RB Global Crypto Bank Ponzi scheme has threatened whistleblowers with legal action. Bobby Sehgal styles himself as “Bobby Sehgal VP” on Facebook, though we’re not sure what he’s the Vice-President of. Nonetheless, not happy about being called out over his involvement in RB Global Crypto Bank, Sehgal took to Facebook yesterday
RB Global Crypto Bank coder threatens whistleblowers with legal action Read More »
