Frauds

$2.5M default judgment sought against Telex Mobile & TelexElectric

Frauds, regulation, TelexFree

Based on data ready by disgraced accountant Joseph Craft, TelexFree transferred $500,870 to Telex Cell and $2.02 million to TelexElectric between 2012 to 2014. For all intents and functions Telex Cell and TelexElectric have been shell firms owned by Carlos Wanzeler and James Merrill. Arguing that neither firm supplied any companies to TelexFree in trade […]

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Premier Financial Alliance “classic pyramid scheme” lawsuit filed

companies, Frauds

A just lately filed RICO class-action lawsuit alleges Premier Monetary Alliance is a “notably egregious basic pyramid scheme”. The June twenty fifth class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Chen joined Premier Monetary Alliance in 2017 and Gonzales in late 2017 or early 2018. Each declare to have been

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Lyoness under preliminary investigation in Italy

Frauds, Lyoness, regulation

In what very effectively might be an early death-knell for Lyoness, Italian authorities have introduced a preliminary investigation into the corporate. The Italian Antitrust and Client Safety Authority (AGCM) printed a bulletin on September twenty fourth. Particulars of the regulators investigation into Lyoness characteristic within the PDF model of the bulletin on web page 23.

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FTC vs. Chandler, Gatto, Pinkston & Dluca trial set for Sep 2019

companies, Frauds, regulation

It’s been a couple of month since we final checked in on the FTC’s lawsuit towards Scott Chandler, Louis Gatto, Eric Pinkston and Thomas Dluca. Most likely probably the most vital replace now we have for you is the scheduling of a two-week prison trial on September sixteenth, 2019. Within the meantime, mediation between the FTC

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AWS Mining’s World Digital Mining Summit Photoshop fail

choosing a business, companies, Frauds

It’s not {that a} Ponzi admin couldn’t attend a cryptocurrency occasion, which makes AWS Mining’s hilarious World Digital Mining Summit Photoshop fail all of the extra amusing. BehindMLM reviewed AWS Mining two days in the past and located it to be a typical MLM crypto cloud-mining Ponzi scheme. The corporate pretends to pay out associates by

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Magellan International confirms securities fraud by pulling out of US

companies, Frauds, regulation

In current communication despatched out to its buyers, Magellan Worldwide Alliances has introduced it’s pulling out of the US. The announcement additionally serves as affirmation Magellan are engaged in securities fraud. Magellan Worldwide Alliances started as CGI Restricted on round February 2018. The corporate initially deliberate to illegally supply crypto playing providers within the US

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