Owing to the use of off-the-shelf scam software, the internals of Mirror Trading International have been made public. We know how much they company currently has on deposit, what they owe and who who has so far stolen what. The MTI data leak has been published on a Tor network website by “anonymous_za”. I’m not […]
Mirror Trading International Ponzi blown open by data leak Read More »
Paraiba World has received a securities fraud warning from Austria’s Financial Market Authority. The FMA’s warning pertains to Pariaba World, cited as a Hong Kong shell incorporation. The FMA warns Paraiba World is “not entitled to carry out banking transactions in Austria that require a licence.” This is the equivalent of a securities fraud notice
Paraiba World securities fraud warning issued by Austria Read More »
Tycoon69 has received a securities fraud warning from Austria. Last we checked in Tycoon69 was under investigation by FINMA in Switzerland. This prompted Tycoon69 to bankrupt their Swiss shell company. As per the Financial Market Authority’s September 8th warning, Tycoon69 appears to have relocated to the UAE. The Ponzi scheme is now incorporated through the
Tycoon69 securities fraud warning issued by Austria Read More »
Tomorrow’s Leaf recently came up for review but when I visited the company’s website to begin my research, I was punted over to DermOne. DermOne doesn’t appear to be an MLM company… I couldn’t find any concrete information as to what happened to Tomorrow’s Leaf. The only lead I found was a March 2020 post on
What happened to Tomorrow’s Leaf? Read More »
Nussentials came up for review recently but when I went to look up the company’s website I found it was “temporarily closed”. That was five months ago… As per a message from President Phil Mims (right), Nussentials closed to do its “part in the fight against COVID-19”. To protect our staff, representatives, and customers from
Nussentials closes due to COVID-19, five months later? Read More »
Monat has found itself in hot water over alleged deceptive business acts and practices. An investigation by the Florida Attorney General into violations of the Florida Deceptive and Unfair Trade Practices Act (FDUTPA), has resulted in Monat entering into an Assurance of Voluntary Compliance (AVC). The Florida AG’s investigation examined Monat’s conduct beginning June 2014
Monat’s marketing practices slammed by Florida AG Read More »
Around ten hours ago the ArbiStar Ponzi scheme collapsed. Appearing in a YouTube video, a plump Santi Fuentes dangled the prospect of refunds to Arbistar victims. ArbiStar was a run-of-the-mill MLM crypto trading Ponzi run by a serial-scammer. Its collapse shouldn’t come as a surprise to anyone. Rather than admit he was running a Ponzi
ArbiStar Ponzi collapses, pulls “refunds” exit-scam Read More »
Mining City has received a securities fraud warning from the Philippines SEC. The Philippines SEC has identified Mining City as a “security in the form of (an) investment contract”. According to the regulator, Mining City is NOT REGISTERED with the Commission and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements
Mining City securities fraud warning issued in Philippines Read More »
The CFTC has filed suit against Global Trading Club scammers Mayco Alexis Maldonado Garcia, Cesar Castaneda, Rodrigo Jose Castro Molina and Joel Castaneda Garcia. Global Trading Club was an MLM Ponzi scheme launched in 2016. The ruse used to steal people’s money was cryptocurrency trading bots. Defendants and others falsely represented to actual and potential
Global Trading Club scammers sued by CFTC Read More »
Avacen has been denied a requested TRO against NuLife Ventures. The ruling means that, at least for the foreseeable future, NuLife Ventures will retain exclusive rights to market Avacen’s products. Avacen’s requested TRO was part of their lawsuit against NuLife Ventures. The medical device manufacturer alleges breach of a reseller agreement, and seeks to prohibit
Avacen denied NuLife Ventures restraining order Read More »
