regulation

South African authorities confirm MTI criminal investigation

4 years after Mirror Buying and selling Worldwide collapsed, South African authorities have confirmed an ongoing felony investigation. The Monetary Sector Conduct Authority declared MTI an “unlawful operation” in December 2020. Since then nevertheless there have been no substantial updates. As reported by My Broadband’s Jan Vermeulen on Might twenty first; The Nationwide Prosecuting Authority […]

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edX AI pyramid fraud warning from Russia

edX AI has obtained a pyramid scheme fraud warning from Russia. As per the Central Monetary establishment of Russia’s Might seventeenth warning, edX AI reveals “indicators of a financial pyramid”. edX AI’s Ponzi ruse is quantitative shopping for and promoting. Consumers acquire the app, make investments tether after which “click on on a button” to

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John Bigatton pleads guilty to Bitconnect fraud charge

Australian BitConnect promoter John Louis Anthony Bigatton has pled accountable to a jail value launched by Public Prosecutors. On Would possibly sixteenth Bigatton pled accountable to not less than one value of providing unlicensed financial corporations on behalf of 1 different particular person. As per a Would possibly seventeenth media launch from the Australian Securities

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USFIA Receiver files for conclusion of Receivership

Following two distributions of recovered funds to victims, the USFIA Receiver has requested courtroom docket permission to destroy information and shut the Receivership. As per a Final Report filed by the USFIA Receiver on May 14th, the Receivership has distributed $63.3 to USFIA victims. This represents a 79.2% restoration for victims’ with professional claims. As

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FutureNet’s Anna Morgenstern criminally charged

Anna Morgenstern, partner of FutureNet co-founder Stephan Morgenstern, has been criminally charged by South Korean authorities. Individually Albanian authorities have charged Anna with laundering funds tied to a felony offense. VoxNews experiences the Public Prosecutor’s Office in Tirana has utilized for preventive seizure of plenty of real-estate properties tied to Anna. The properties are worth

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YIPTG pyramid fraud warning from Russia

YIPTG has acquired a pyramid scheme fraud warning from Russia. As per the Central Monetary establishment of Russia’s Might fifteenth warning, YIPTG reveals “indicators of a financial pyramid”. As reviewed by BehindMLM in April, YIPTG is a “click on on a button” app Ponzi scheme. YIPTG’s Ponzi ruse is quantitative shopping for and promoting. Consumers get

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110,318 victim transactions verified by EminiFX Receiver

Following closure of the EminiFX sufferer declare portal, 110,318 transactions from over 30,000 victims have been verified. The transactions correlate to $229 million in verified invested funds and spherical $30 million in verified withdrawals. Merely over 5000 EminiFX patrons have submitted disputed transactions, or transactions which have been unable to verified. As of April 2024,

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