The Norwegian Lottery Authority has revealed it has an active investigation into Crowd1. The Lottery Authority first became aware of Crowd1 following several inquiries from the Norwegian public. The Lottery Authority records that Crowd1 is being traded in a pyramid system, but does not currently have sufficient knowledge of the turnover system to be able […]
Crowd1 under regulatory investigation in Norway Read More »
Wantage One claims it has filed appeal against a decision by Austria’s Financial Market Authority. On November 13th the FMA pointed out Wantage One is not registered to offer securities in Austria. Although worded differently, the FMA’s warning effectively constituted a securities fraud cease and desist. Consequently, on November 29th Wantage One announced it was
Wantage One claims Austrian securities fraud appeal filed Read More »
Zhunrize and owner Jeff Pan have been hit with $132 million dollar final judgments. Final judgment against Zhunrize and Pan was ordered on November 14th and 13th respectively. As per the orders both Zhunrize and Pan are permanently prohibited from further committing securities fraud. Zhunrize is up for $72,887,552 in disgorgement, plus $23,887,774 in prejudgment
Zhunrize Ponzi final judgments top $132 million Read More »
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 »
