Two EmpiresX victims have filed a civil class-action in Florida. That’s on top of the CFTC’s and SEC’s civil regulatory lawsuits against EmpiresX. What’s interesting is the Florida state court hearing the class-action has appointed an EmpiresX Receiver. The CFTC and SEC EmpiresX case dockets came up today on BehindMLM’s calendar. There wasn’t anything new […]
EmpiresX victim class-action filed in Florida (Receivership?) Read More »
The CFTC has initiated Hague Convention service on EmpiresX scammers Emerson Pires and Flavio Goncalves. Pires and Goncalves co-founded the EmpiresX Ponzi scheme. Upon learning they were being investigated by US authorities, Pires and Goncalves fled to Brazil. On August 9th, the CFTC provided the court with a Status Report on service of Pires and
CFTC initiates Hague service on EmpiresX scammers in Brazil Read More »
Joshua Nicholas’ EmpiresX criminal trial is currently scheduled for August 15th. That’s not a typo, the trial is ten days away. Whether it actually goes ahead though is now up in the air, following an August 2nd motion to continue. I covered the EmpiresX indictments back on July 7th. Beyond knowing Nicholas was in Florida
Joshua Nicholas’ EmpiresX criminal trial scheduled for Aug 15 Read More »
Emerson Pires, Flavio Mendes Goncalves and Joshua David Nicholas have been indicted. Criminal charges filed against the trio pertain to the EmpiresX Ponzi scheme. EmpiresX was a typical MLM crypto trading bot Ponzi, launched in 2020. As per an indictment returned by a Grand Jury on June 30th; Emerson Pires and Flavio Mendes Goncalves aggressively
The EmpiresX criminal indictments Read More »
Emerson Pires, Flavio Goncalves and Joshua David Nicholas, have each been indicted on EmpiresX fraud charges. Pires and Goncalves co-founded the EmpiresX Ponzi scheme. Joshua Nicholas worked with them to create the illusion of trading. Interestingly the DOJ have pegged EmpiresX’s Ponzi scheme at “around $100 million”. This is up $60 million from the SEC’s
EmpiresX scammers indicted on three counts of fraud Read More »
The Commodity Futures Trading Commission has sued EmpiresX and its executives for “at least $41.6 million” in fraud. The CFTC’s lawsuit was filed in parallel with an SEC civil fraud lawsuit pertaining to the same conduct. Named defendants in the CFTC’s lawsuit are Empires Consulting Corp, Emerson Pires, Flavio Goncalves and Joshua Nicholas. As alleged
EmpiresX sued for $41.6 mill in commodities fraud by CFTC Read More »
EmpiresX and its executives have been sued by the SEC for $40 million in securities fraud. In addition to being fraudulent, Defendants’ offers and sales of EmpiresX securities violated the registration provisions of the federal securities laws. The SEC brings this lawsuit to hold Defendants responsible for their fraud The SEC’s lawsuit was filed on
EmpiresX sued for $40 million in securities fraud by SEC Read More »
The SEC is set to face off against the Mining Capital Coin defendants on May 19th. At stake are the millions in ill-gotten gains Capuci allegedly stole through his Mining Capital Coin Ponzi scheme. The SEC’s Mining Capital Coin case was filed under seal on April 7th. We don’t usually see MLM related SEC cases
Mining Capital Coin prelim injunction hearing scheduled Read More »
Mining Capital Coin co-founders Luiz Carlos Capuci and Emerson Sousa Pires have been sued by the SEC. The SEC alleges Capuci and Pires offered an “irresistible investment opportunity”, but in reality ran a Ponzi scheme. I don’t know if this is some new policy or what but the SEC’s Mining Capital Coin complaint is deliciously
SEC sues Mining Capital Coin’s Jr. Caputti & Emerson Pires Read More »
EmpiresX has received a securities fraud warning from Spain’s Comision Nacional del Mercado de Valores. As per the CNMV’s January 17th warning, EmpiresX is not authorised to provide the investment services detailed in Article 140 of the Spanish Securities Markets Act, which include investment advice. This is the equivalent of a securities fraud notice in
EmpiresX securities fraud warning from Spain Read More »
