Following claims Global Capital AG had approval of the Cambodian government to run a Ponzi scheme, Cambodian authorities have arrested co-founder Darren Yaw and his wife. Guardian Capital AG represented Cambodian government approval, by posting a photo of Prime Minister Hun Sen on its website. According to Guardian Capital AG, Sen personally supported the company […]
Guardian Capital AG Ponzi co-founder arrested in Cambodia Read More »
A Cloud Token affiliate investor has been “fined” 1000 CTO points, purportedly for failing to explain the opportunity to someone they recruited. According to a recent Facebook post by Cloud Token admin Ronald Aai, an affiliate was “fined” 1000 CTOs for ‘fail(ing) to explain … how (Cloud Token’s) affiliate program works‘. In terms of what
Cloud Token confiscates affiliate investor’s CTO Ponzi points Read More »
The Italian financial regulator CONSOB has temporarily suspended promotion of LiraCoin Club in Italy. In a published May 29th bulletin, CONSOB states LiraCoin Club’s MLM opportunity constitutes an investment proposal. Offering an investment proposal is the equivalent of a securities offering, which in Italy requires companies to register the offering with CONSOB beforehand. LiraCoin Club
LiraCoin Club promotion suspended in Italy over investment fraud Read More »
It’s well-established by now that if you’re dumping money into an MLM company and collecting a passive return, it’s constitutes a securities offering. Securities are strictly regulated across the world and for good reason. It’s one thing to say you’re doing something and provide social media proof. Registering your securities offering (legally required) and providing
Ronald Aai & Faith Sloan misrepresent Cloud Token securities fraud Read More »
It’s been just under three weeks since AdvoCare announced it was ditching it’s MLM business model. As part of my ongoing search for answers, I came across an archived Freedom of Information Act request list from the FTC. Did the DSA know AdvoCare was going to screw over its distributors in advance? Between October 1st,
Did the DSA know AdvoCare was going to screw over distributors? Read More »
Cloud Tokens ties to Singapore hinged on its ties to the World Blockchain Forum (WBF). Those ties have been severed, forcing Ronald Aai to relocate back to Malaysia. As I understand it, Cloud Token’s Ronald Aai was running Cloud Token from WBF’s offices in Singapore. WBF co-founder Sheng Zhao helped with promotion of Cloud Token
Cloud Token booted out of Singapore, retreats to Malaysia Read More »
A doctor in Finland has made the remarkable claim that taking Juice Plus supplements makes smoking safe. Veli-Pekka Valkonen, a physician in Finland, made the claim at a Juice Plus marketing event. The event was filmed for training purposes but was never supposed to have been made public. Juice Plus affiliates who attended the event
Doctor claims Juice Plus supplement makes smoking safe Read More »
As part of its legitimacy ruse, the World Way Capital Ponzi scheme pretended to have regulatory approval in Canada. In response to these claims, the Bank of Canada has issued a press-release confirming World Way Capital is a “fraudulent investment scheme”. According to the Bank of Canada, World Way Capital presented potential investors with a
World Way Capital fraud warning issued by Bank of Canada Read More »
RegalCoin launched in late 2017, at the height of the BitConnect lending Ponzi craze. RegalCoin itself was unremarkable. In our September 2017 review, we noted it was just another BitConnect clone. Turns out this was true beyond the business model, following Indian authorities outing Divyesh Darji in connection to RegalCoin. As with BitConnect, whether Darji
Suspected BitConnect owner also behind RegalCoin Read More »
I first came across the legal dispute regarding ATM Metabolics’ Emulin supplement in our recently published iGalen review. A reader got in contact with some additional information, prompting me to further research the dispute. Here’s what I found. ATM Metabolics claims to provide “real solutions for metabolic disorders”. The company is based out of Florida
The iGalen, Valentus & ATM Metabolics Emulin dispute Read More »
