companies

Trust Your Universe has received a securities fraud warning from Germany’s Federal Financial Supervisory Authority (BaFin). As per BaFin’s December 22nd consumer protection notice; Providers of banking transactions or financial services in Germany require a license under the KWG . BaFin clarifies that Universe Trading LLC does not have a license under the KWG to conduct banking business or provide financial services.

Trust Your Universe has received a securities fraud warning from Austria’s Financial Market Authority. As per the FMA’s March 17th warning; Danger! The FMA warns against doing business with: Universe Trading LLC / Trust Your Universe This provider is not authorized to provide banking transactions in Austria that require a license. The provider is therefore

InCruises has received a pyramid scheme fraud warning from Poland’s Office of Competition and Consumer Protection (UOKIK). UOKIK avoids using the term “pyramid scheme”, instead referring to inCruises as a “consortium system”, “syndicated scheme” and “Argentinian system”. InCruises’ described business model however is unmistakably a pyramid scheme. A constant flow of new money is essential

Gayle Toloff has been added as a relief defendant in the FTC’s ongoing Financial Education Services fraud case. Gayle Toloff is the wife of FES co-founder Mike Toloff. As per the FTC’s March 27th First Amended Complaint, Gayle Toloff is an individual who has received funds that can be traced directly to Defendants’ unlawful acts

Prolific MLM crypto Ponzi admin Ryan Mark Ginster has been sentenced to 27 months in prison. Ginster’s sentenced was handed down following a entry of a guilty plea last December. The DOJ filed charges in November 2021, alleging Ginster (right) was behind a string of Ponzi schemes; Social Profimatic, Automatic Bitcome, My Micro Profits, eProfit