Frauds

Firoz Patel pleads not guilty to Payza money laundering, bond set

Frauds, payment processors, regulation

Payza co-founder Firoz Patel has pleaded not accountable to prices concerning money laundering. Patel moreover entered a plea of not accountable on behalf of Payza’s dad or mum agency, MH Pillars. Patel appeared at a January fifteenth arraignment upon voluntarily travelling to the US, following months of negotiations with US authorities. Part of these negotiations […]

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2×2 matrix cycler that makes admin 40% richer

Frauds, MLM Reviews

On its website SpilloverBot claims “David Fries” is Director of the company. No particulars about Fries is obtainable, and the SpilloverBot use a generic stock {photograph} of an office to represent him. It is extraordinarily attainable that David Fries, as represented by SpilloverBot, doesn’t exist. The SpilloverBot website space was privately registered on October 1st,

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Firoz Patel turning himself in to face Payza money laundering charges

Frauds, payment processors, regulation

After roughly ten months of being a fugitive, Firoz Patel is popping himself in. Closing March Firoz and his brother Ferhan had been indicted on money laundering costs related to Payza. The DOJ alleged that by Payza, the Patel brothers laundered over $250 million {{dollars}} for “teen pornography rings and totally different felony enterprises”. Plenty of

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Wakaya Perfection securities fraud lawsuit sent to arbitration

Frauds, Wakaya Perfection

In response to a lawsuit that alleged $250,000 in securities fraud, Wakaya Perfection filed a Motion to Dismiss. Acknowledged causes throughout the motion had been for an absence of jurisdiction, or throughout the totally different compel the occasions to resolve the matter by the use of arbitration. On January 14th Wakaya Perfection’s Motion to Dismiss

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TelexFree’s Carlos Costa receives prison sentence for tax fraud

Frauds, regulation, TelexFree

Whereas Brazil can’t seem to convict anyone over TelexFree’s $3 billion in Ponzi fraud, regulators have managed to convict Carlos Costa for tax fraud. Costa is biggest recognized for being TelexFree’s Bagdad Bob. While authorities throughout the US and Brazil closed in on TelexFree, Costa, often sweating profusely, denied one thing was amiss in recurrently

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Lyoness a pyramid scheme in Italy, fined 3.2 million euro

Frauds, Lyoness, regulation

Following a improve in native investor recruitment, Lyoness caught the attention of Italian authorities. Italy’s Rivals Authority (AGCM) launched a preliminary investigation into Lyoness in September 2018. The investigation concluded in late December, resulting in Lyoness being declared a pyramid scheme. As per AGCM’s investigation, the promotion system utilized by the company Lyoness Italia Srl

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Nutritional supplements with third-party merchants

Frauds, MLM Reviews

Bonvera launched in February 2016 and operates throughout the effectively being and weight loss program MLM space of curiosity. Whereas Bonvera discloses it’s headquartered in Kansas, the company fails to provide authorities particulars on its site. There is a “Our Leaders” hyperlink, nonetheless when clicked friends are redirected to a “chief’s concepts” weblog. Posts on

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Dish Network given 45 days to serve Pshehalouk, default withdrawn

companies, Frauds

After failing to answer to a lawsuit filed in the direction of TVizion and proprietor Ferras Jim Pshehalouk in April 2018, Dish Group filed for an entry of default in July. The courtroom docket clerk entered default on July twenty third. Subsequently Dish group filed for default judgment on November twelfth. On December thirteenth however,

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Court orders FTC to proceed in MOBE case without lawyers (???)

Frauds, MOBE, regulation

Trump’s authorities shutdown has wreaked havoc on scheduling for vigorous FTC lawsuits. One such lawsuit is FTC vs. MOBE, by way of which a Select has bizarrely ordered the FTC to proceed attempting with out attorneys. Owing to Trump’s shutdown, on December thirty first the FTC filed a motion requesting a preserve throughout the MOBE

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