Frauds

Quaestor Solutions demands new investors, returns held hostage

companies, Frauds

Quaestor Options is demanding its present associates recruit new traders, failing which the corporate has threatened to cease paying. In a really cult-like electronic mail, Quaestor Options CEO Svend Rasmussen has referred to as on associates to display “their dedication to the Quaestor [sic]”. Sadly, after reviewing, our attorneys have observed that many individuals have […]

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Eight TelexFree condos recovered from Carlos & Priscilla Costa

Frauds, regulation, TelexFree

As per an agreed settlement, Carlos Costa and his spouse are set to give up eight condominiums to the TelexFree Trustee. By accounts held in Priscilla Costa’s title, the Costas netted $542,298 from TelexFree victims. That’s on high of no matter Carlos Costa (proper) managed to steal as head of Ympactus, TelexFree’s Brazilian operations. Whereas

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Default entered against Matt Lloyd and MOBE related entities

Frauds, MOBE, regulation

Following a Movement for entry of clerk’s default by the FTC on February 1st, default has been entered in opposition to Matt Lloyd, MOBE and a number of other MOBE associated entities. In complete the court docket clerk entered default in opposition to ten MOBE defendants; Matt Lloyd (aka Matthew Lloyd McPhee); Mobe LTD; MobeProcessing;

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Lyoness loses second Norway appeal, permanently banned nationwide

Frauds, Lyoness, regulation

The Norwegian Gaming Board has rejected Lyoness’ second attraction, ensuing within the Ponzi scheme being completely banned in Norway. The Gaming Board initially banned Lyoness in Norway again in January 2018. The Gaming Board’s investigation discovered that almost all of income Lyoness generated in Norway was from direct unit funding, versus cashback procuring. Thus it

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Fabio Wanzeler claims addendum added to his TelexFree settlement

Frauds, regulation, TelexFree

Fabio Wanzeler, brother of TelexFree proprietor Carlos Wanzeler, is sad along with his TelexFree settlement. The settlement noticed Wanzeler give up two properties to the TelexFree Trustee, to settle $633,578 Wanzeler acquired as a TelexFree net-winner. Wanzeler signed off on the settlement final November however now claims the Trustee added an addendum, which he by

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Lyoness victims in Italy demand return of their losses (53 million euro)

Frauds, Lyoness

Following a nation-wide ban and three.2 million euro regulatory high-quality, Lyoness affiliate traders in Italy need their a reimbursement. To that finish Lyoness’ Italian victims have lawyered as much as demand the return of their losses. Lyoness operated in Italy by the shell firm Lyoness Italia Srl. In accordance with a report from TG Verona,

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