An October 10th filed joint status report reveals mediation has failed in the Vista Network v. Phillip Piccolo et al. case. Since I last checked the docket earlier this month, a number of motions have also been filed. In particular Armen Temurian has sought permission to file a Third Amended Complaint, and there are a …
Cloud Token has started branding itself as “Cloud 2.0”. As part of that branding effort, the company has recently launched “Rogue”. Attempting to clear up confusion among affiliates as to what Rogue is, Cloud Token admin (and suspected co-owner), Ronald Aai, took to Facebook earlier today to explain. As per Aai’s explanation, Rogue is a …
Things are set to get awkward over at 18K Ronaldinho, following the announcement it’s namesake, Ronaldinho Gaúcho, has cut ties with the company. 18K Ronaldinho started off as a watch company, run by owner Marcelo Lara and having a partnership with former footballer Ronaldinho Gaúcho. The watch side of the business collapsed, prompting Lara to …
Ronaldinho splits with 18K Ronaldinho Ponzi scheme Read More »
In an internal email sent out to distributors, AdvoCare CEO Patrick Wright has categorically denied the FTC’s allegations. As per the settlement reached between the two parties, AdvoCare ‘waive(s) all rights to appeal or otherwise challenge or contest the validty of (the court’s) order‘. Patrick Wright’s email states that AdvoCare ‘strongly disagree(s) with the FTC’s …
AdvoCare CEO denies FTC allegations, settlement violation? Read More »
The Indian regulatory crackdown on QNet continues, following three new arrests by the Odisha EOW. Properties connected to QNet and eBiz in Hyderabad have also been seized. Sarat Kumar, Debabrata Harichandan, Chandan Kumar Mahalik have been arrested by the EOW for promoting QNet. The trio, along with others, were said to have hatched a criminal …
Three new QNet arrests, eBiz asset seizures in India Read More »
Back in May AdvoCare announced it was terminating its MLM opportunity. According to the company, the decision was made following “confidential talks with the FTC”. Today the FTC finally revealed that AdvoCare had been investigated and found to be a pyramid scheme. The FTC alleges that through it’s pyramid scheme, AdvoCare and former CEO Brian …
AdvoCare pyramid scheme busted by FTC, fined $150 million Read More »
In a September 16th court filing, Online Education Academy has advised it is “suspending its business and dissolving as soon as possible”. Online Education Academy (OEA) is a corporate defendant in the FTC’s 8 Figure Dream Lifestyle fraud lawsuit. The FTC alleges the company, run by Mark Schwartz, was part of a wider scheme that …
OEA first casualty of 8 Figure Dream Lifestyle fraud lawsuit Read More »
In 2016 AmeriSciences Trustee Rodney Tow sued Organo Gold, Holton Buggs, former Amerisciences CEO Barry Cocheu, and fifteen other former AmeriSciences distributors. By the time the case reached trial in May 2018, Organo Gold, Buggs and Cocheu were the only remaining defendants. On May 15th a jury returned a verdict against Organo Gold and Buggs. …
Organo Gold & Holton Buggs lose AmeriSciences case, appeal denied Read More »
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 »