Frauds

Piccolo v. Vista Network civil lawsuit confidentially settled

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An ongoing legal dispute between Ponzi scammers Armen Temurian and Phillip Piccolo has been settled. As per a March 24th filing; Plaintiffs/counter-defendants Phillip A. Piccolo Jr., Kevin Dalton Johnson, Paul Morris Joseph Reid and K.F.I Software and Defendants/counter-plaintiffs, Armen Temurian, Vista Technologies LLC and Vista Network LLC, hereby give notice to the Court of the …

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Premier Financial Alliance settles pyramid scheme class-action

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Premier Financial Alliance has reached a settlement in a pending class-action filed against it. PFA class-action proceedings are the combination of two class-action lawsuits; The first lawsuit filed in 2018 alleges PFA is a pyramid scheme. The second lawsuit filed in 2019, alleges PFA is a pyramid scheme that specifically targeted Asian immigrants. The two …

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Maxpread Technologies pyramid fraud warning from Russia

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Maxpread Technologies has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s March 24th warning, Maxpread Technologies shows “signs of a financial pyramid” scheme. Maxpread Technologies is an MLM crypto Ponzi that pitches up to 330% annually. The scam is headed up by Albert Ignatev, a Russian national hiding out …

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$847K judgment against Generation Zoe scammers in US

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Generation Zoe scammers in Florida have been hit with an $847,159 judgment. The judgment was issued earlier this month by a state-level Dade County Court. Following collapse of the Generation Zoe Ponzi in early 2022, sixteen plaintiff victims from Florida, Spain, Chile and Colombia filed a case against their recruiters. Named defendants in the civil …

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QZ Asset Management using NASDAQ listing to promote Ponzi

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QZ Asset Management is using NASDAQ as a marketing tool. The Hong Kong based Ponzi scheme also claims it has raised $100 million from the private selling of shares. On January 9th, 2023, the shell company QZ Global Limited was incorporated in South Dakota. Shortly after, QZ Asset Management applied for a Nasdaq listing under …

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Metaverse “staking” MLM crypto Ponzi

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LedgerBlock operates in the MLM cryptocurrency niche. LedgerBlock operates from the domain “ledgerblock.net”, privately registered on January 13th, 2023. On January 12th, LedgerBlock uploaded an “International Key Leader’s Summit” promo to its official YouTube channel. The individuals above identify themselves as “Romeo and Amanda”. If LedgerBlock posting a leader’s summit video before its website domain …

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John Barksdale cops $79 million Ormeus Global judgment

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A $79 million final judgment has been entered against John Barksdale and sister Jonatina. The Barksdale’s judgment follows a March 7th motion for default judgment by the SEC. As per the granted March 15th final judgment, John (right) and sister Jonatina have been ordered to jointly pay: $46.2 million in disgorgement $10 million in prejudgment …

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Boris CEO Solarion twin Ponzi

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Gold Unicorn operates in the cryptocurrency MLM niche. The company is headed up by CEO “Denis Milanovkiy”. A search for Milanovkiy brings up Solarion, which appears to be a clone of Gold Unicorn’s website. Gold Unicorn operates from “gold-unicorn.com”, privately registered in April 2022 (last updated February 8th, 2023) Solarion operates from “solarion.biz”, privately registered …

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Crypto mining themed Ponzi scheme

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BTCvest fails to provide actual ownership or executive information on its website. Instead, BTCvest pretends it is run by AI generated fictional identities: In a further attempt to appear legitimate, BTCvest provides incorporation details for “Bitcoin Investment Base LTD”. Bitcoin Investment Base LTD was incorporated in the UK on June 15th, 2022. An MLM company …

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Trading themed “click a button” Ponzi

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Esom App fails to provide ownership or executive information on its website. In fact as I write this, Esom App’s public facing website is nothing more than an affiliate login form: Esom App operates from two known domains; es-glzx.com – first registered in 2014, private registration last updated on December 27th, 2022 (acquired on or …

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