regulation

Net Leaders & DasCoin a pyramid scheme in Poland

companies, Frauds, regulation

Poland’s prime shopper safety company has dominated that Internet Leaders and DasCoin are an unlawful pyramid scheme. The Workplace of Competitors and Client Safety (UOKiK) started investigating Internet Leaders on round 2017. The conclusion of that prison investigation was reached on December 14th, 2019. Based on UOKiK’s resolution, Internet Leaders’ MLM alternative infringe(d the) collective […]

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Zeek Receivership to make one last partial distribution

Frauds, regulation, Zeek Rewards

Citing ongoing litigation with VictoriaBank, the Zeek Receivership has introduced an interim partial distribution. With the Receivership winding up after the VictoriaBank litigation concludes, the unique plan was to carry out till a ultimate distribution may very well be made. The VictoriaBank litigation continues to tug on nevertheless, prompting the Receivership to use for permission

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Details of David Pike’s OneCoin bank fraud indictment

Frauds, OneCoin, regulation

The DOJ has filed David R. Pike’s superseding indictment, detailing 4 cases of fraud. Final November information of David Pike’s arrest in August 2018 emerged. The DOJ delay submitting Pike’s indictment, owing to the potential of further expenses. Undecided if Pike’s preliminary indictment was ever filed, however the newest is a February sixth filed superseding

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Scott throws Armenta under bus, trots out dumbass defense

Frauds, OneCoin, regulation

In his filed Memorandum in help of post-trial motions, Mark Scott’s legal professional claims Scott was unaware of Gilbert Armenta’s conduct. He additionally insists the DOJ failed to supply enough proof of cash laundering, regardless of a jury convicting Scott on all counts. I’ve titled Scott’s protection as that of a dumbass, as that’s what

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Cardiffs allege fraud occurred prior to preliminary injunction

Frauds, regulation, RengaLife

Jason and Eungung Cardiff are difficult a beforehand granted preliminary injunction. The injunction is a part of the FTC’s case towards Redwood Scientific Applied sciences, which the Cardiff’s personal. On January thirteenth the Cardiffs and different defendants filed a movement requesting aid from the granted preliminary injunction. The argument behind the movement is that the

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Arego Life dist. banned from selling Adapt X.1 in Germany

companies, Frauds, regulation

The Hamburg Regional Courtroom in Germany has banned promotion and distribution of Arego Life’s Adapt X.1 complement. The ban applies to a Arego Life distributor defendant, and got here into impact following an injunction issued on January twenty first. The reported cause behind the Regional Courtroom’s choice is deceptive advertising claims. Particularly, Adapt X.1 was

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Jeffrey Feldman settles DFRF Enterprises Ponzi fraud

DFRF Enterprises, Frauds, regulation

Relatively than entrance as much as courtroom and battle a misplaced trigger, DFRF Enterprises defendant Jeffrey Feldman has settled. Feldman, a beforehand convicted felon, was one among 5 DFRF Enterprises sued by the SEC again in 2015. He was the entrance man for the corporate’s non-existent Ponzi insurance coverage claims. Feldman’s settlement with the SEC

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