Frauds

$405,187 recovered from Zeek Rewards net-winners in 3Q, 2018

Frauds, regulation, Zeek Rewards

As revealed within the Zeek Rewards Receiver’s third quarter report for 2018, one other $405,187 has been recovered from the Ponzi scheme’s net-winners. Dialogue with different Zeek net-winners continues. Individually an attraction towards a judgment requiring those that made probably the most to return it remains to be enjoying out. The opposite main unresolved problem […]

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Nui launches kala cloud mining despite securities fraud cease & desist

Frauds, Nui

It’s fairly established now that MLM cryptocurrency cloud mining alternatives are a safety. Which makes Nui’s new kala mining providing all of the extra unbelievable. Nui introduced their new kala mining alternative in a November twenty ninth weblog put up; If you happen to missed the pre-sale of Kala final winter, your solely probability to

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BitConnect scammers impersonate Texas Securities Board

BitConnect, Frauds

Final month the Texas Securities Board printed its Annual Enforcement Report. Following its publication, scammers have been utilizing the report to achieve out and goal BitConnect victims. The ruse used is your typical superior payment mannequin. Scammers goal victims and promise partial or full refunds, however provided that a complicated payment is paid first. Determined

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Steve Chen’s wife relinquishes $3.2 million in stolen USFIA funds

Frauds, regulation, USFIA

Via Ally Buyers LLC and different shell firms, Steve Chen’s spouse, Li Zhao (aka Jennifer Zhao), acquired round $3.37 million in stolen USFIA investor funds. In 2015 the USFIA Receiver recovered roughly $3.2 million from a secure deposit field and financial institution accounts held in Ally Buyers’ identify. The seizure noticed Li Zhao, the first

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Visalus Amazon racket lawsuit settled in secret?

choosing a business, Frauds, Visalus

Final July former prime earner Michael Gehart filed a lawsuit towards Visalus. Gehart alleged Visalus was an “unlawful pyramid scheme”. He additionally the claimed the corporate ran a secret Amazon retail racket, successfully giving Gehart an unfair benefit over different Visalus associates. In early 2017 Visalus took management of the Amazon racket, prompting Gehart to

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My Crypto Mine (Bitqyck) securities fraud cease and desist issued

companies, Frauds, regulation

A securities fraud stop and desist that intently ties into Bitqyck has been issued in Texas. Bitqyck was launched in early 2017 by co-founders Bruce Bise and Samuel (Sam) Mendez. They had been joined by Mark Steven Royer shortly after launch. The Texas Securities Board refers to Bise as “a white collar felony”. Mendez is

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Seventy-two TelexFree disallowed claims lists published

Frauds, regulation, TelexFree

The excellent news TelexFree victims ready for an replace on allowed claims is you’re one step nearer to distribution. The unhealthy information is the most recent replace means funds in all probability gained’t be going out this yr. On Monday November twenty sixth the TelexFree Trustee revealed seventy-two notices of disallowed claims. The filings include

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