US authorities have arrested a second OneCoin money launderer, David R. Pike. Pike worked with convicted OneCoin money launderer Mark S. Scott. He was apprehended after lying to federal agents about laundered OneCoin money. Last December David Pike attended a meeting with FBI, IRS and DOJ. During the meeting Pike was queried on $400 million […]
David Pike, second OneCoin money launderer arrested Read More »
A Bangkok court has found Derrick Keller not guilty over his association with the Eagle Gates Group Ponzi scheme. Keller (right) was arrested last August over his involvement in promotion of Eagle Gates Group. In his defense, Keller claimed he was approached in China about acting in videos portraying Eagle Gates Group’s management. Keller claims
Derrick Keller cleared of Eagle Gates Group charges Read More »
In a verdict that will likely surprise no one, a jury has found Mark Scott guilty of laundering money for OneCoin. Early on in the trial it became apparent not so much whether Scott (right) would be found guilty, but how guilty. To that end Scott’s defense team put forth his ignorance of OneCoin’s fraud,
Mark Scott guilty, OneCoin’s Bulgaria office cleared out Read More »
Following the denial of Charles Scoville’s SCOTUS writ bid, the Receiver has announced the victim claims process is moving forward. The announcement was made in a short update published to the Traffic Monsoon Receivership website: On November 4, 2019, the U.S. Supreme Court denied Mr. Scoville’s petition requesting review of lower courts’ orders related to Traffic Monsoon.
Traffic Monsoon victim claims process “moving forward” Read More »
The Norwegian Gaming Board has reported Lyoness to local police. The regulator suspects Lyoness, who also operates at Lyconet and Cashback World, has committed “criminal offenses” across the country. As per a November 19th press-release, the Gaming Board advises Lyoness has been reported to public prosecutors. The Gaming Board’s report includes their investigation into Lyoness’
Lyoness reported to Norwegian police for criminal offenses Read More »
Jeffrey Feldman’s DFRF Enterprises trial has been scheduled for March 2020. The SEC’s initial lawsuit cited Feldman, a convicted felon, as DFRF Enterprises’ fake insurance guy. Jeffrey Feldman is the sole officer and director of Universal Marketing Group, a Florida corporation. He claims to be the U.S. representative of Accedium Insurance Company, which is based
Jeffrey Feldman’s DFRF trial scheduled for March 2020 Read More »
A second superseding indictment has been filed against Richard Maike and the rest of the Infinity2Global defendant scammers. A first superseding indictment was filed back in July 2018. As with the first superseding indictment, there doesn’t appear to be much difference between the second superseding indictment and the original (filed June 2017). The second superseding
Second superseding indictment filed in Infinity2Global case Read More »
Our last update on the Payza indictments was Firoz Patel pleading not guilty back in January. Since then negotiations have been going on behind the scenes, leading towards what will likely be a plea bargain. On November 9th the DOJ filed a consent motion requesting a status conference date extension. The status conference had been
Payza money laundering indictment resolutions on horizon Read More »
A secretly recorded conversation between Ruja Ignatova and Gilbert Armenta, her boyfriend, underscores links between OneCoin and organized crime. As part of his testimony earlier this month, Konstantin Ignatov (right) identified Gilbert Armenta as a major player in OneCoin’s money laundering operations. He also cited Armenta as his sister Ruja’s boyfriend. Both Ruja Ignatova and
Ruja Ignatova’s warning underscores OneCoin mafia ties Read More »
Austria’s Financial Market Authority has issued a public investor warning pertaining to Wantage One. Wantage One, a Ponzi scheme in its own right, is a spinoff of Antony Norman’s Wellmont Capital linked scams. The Financial Market Authority (FMA) is is Austria’s top financial regulator. As per the FMA’s November 13th warning, Wantage One is not
Wantage One securities investor warning issued in Austria Read More »
