There have been rumblings that OmegaPro’s collapse is tied to The Merchants Area, a non-MLM Ponzi scheme that additionally collapsed in late 2022. The implication being that OmegaPro investor funds had been commingled into The Merchants Area, which was working its personal Ponzi. I haven’t been capable of confirm something, and I nonetheless can’t – […]
Was OmegaPro tied to collapsed The Traders Domain Ponzi? Read More »
Vista Community and proprietor operator Armen Temurian have been sued by the CFTC for commodities fraud. The CFTC alleges, amongst different issues, that Vista Community was a $7 million greenback plus Ponzi scheme. The CFTC’s Criticism was filed on February fifteenth and names Armen Temurian and Vista Community Applied sciences as defendants. As alleged by
Armen Temurian sued by CFTC for Vista Network $7 mill Ponzi Read More »
Sixty QNet scammers have been arrested in Ghana. Authorities declare the scammers continued to advertise QNet, in violation of a July 2022 court docket order banning the pyramid scheme nationally. As reported by GhanaWeb; The IRs (distributors) had been arrested when the Ghana Police Service performed a swoop in Bornya, Trom and different components of
60 QNet scammers arrested in Ghana Read More »
Gilbert Armenta’s OneCoin crimes referred to as for a 100 yr sentencing guideline. Within the lead as much as his sentencing, Armenta’s legal professionals requested for time served as a result of circumstances at MCC New York. The DOJ requested for seven years, stating that “any sentence of lower than 5 years’ imprisonment wouldn’t (be
OneCoin’s Gilbert Armenta sentenced to five years in prison Read More »
Validus and its promoters have been ordered to stop all enterprise operations in New Zealand. The Monetary Markets Authority’s interim cease order was issued on February sixteenth. As per the FMA’s order, Validus and its promoters are prohibited from making gives, points, gross sales or different acquisitions or disposals of economic merchandise promoted beneath the
Validus ordered to cease business operations in New Zealand Read More »
EminiFX founder Eddy Alexandre has pled responsible to 1 rely of commodities fraud. Alexandre’s responsible plea contains $248.8 million forfeiture judgment. Alexandre signalled to the court docket he supposed to vary his plea in a February eighth filed Memorandum. The court docket held a Change of Plea listening to on February tenth, at which Alexandre
Eddy Alexandre pleads guilty to EminiFX criminal fraud charge Read More »
A German courtroom has issued an arrest warrant for Karatbars Worldwide founder and CEO Harald Seiz. Whereas we now know authorities in Stuttgart have been investigating Harald Seiz’s Karatbars Ponzi scheme, no specifics of the investigation have been made public but. A report from SZBZ, quoting a Feb thirteenth paywalled article from Bild, states; the
Arrest warrant issued for Karatbars International’s Harald Seiz Read More »
On January twenty seventh OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum. The submitting was closely redacted, prompting Inside Metropolis Press’ Matthew Lee to file a movement requesting entry to an unredacted model. On the request of the court docket, on February tenth Armenta’s attorneys clarified their place on the redactions. Recognizing that Mr.
Gilbert Armenta’s OneCoin cooperation dossier Read More »
Default judgment has been granted in opposition to Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari. Default judgment follows the SEC securing an Entry of Default in opposition to Maslakov and Ferrari final October. Following a movement from the SEC, Default Judgment was granted on February seventh. By advantage of the default and failure to
Default judg. against Forsage’s Sergey Maslakov & Lola Ferrari Read More »
WeWe World and LyoPay have obtained a “ponzi and pyramid” fraud warning from New Zealand. As per the Monetary Markets Authority’s February eighth warning; FMA are conscious that WEWE World and LYOPAY are providing cryptocurrency services by way of webinars and public occasion in New Zealand. We word they aren’t registered on the Monetary Service
WeWe Global & LyoPay Ponzi fraud warning from NZ Read More »
