The Indian regulatory crackdown on QNet continues, following three new arrests by the Odisha EOW. Properties related to QNet and eBiz in Hyderabad have additionally been seized. Sarat Kumar, Debabrata Harichandan, Chandan Kumar Mahalik have been arrested by the EOW for selling QNet. The trio, together with others, have been stated to have hatched a […]
Three new QNet arrests, eBiz asset seizures in India Read More »
Again in Could AdvoCare introduced it was terminating its MLM alternative. In accordance with the corporate, the choice was made following “confidential talks with the FTC”. At the moment the FTC lastly revealed that AdvoCare had been investigated and located to be a pyramid scheme. The FTC alleges that via it’s pyramid scheme, AdvoCare and
AdvoCare pyramid scheme busted by FTC, fined $150 million Read More »
The Zeek Rewards Receiver’s contempt movement in opposition to VictoriaBank has been denied. The information comes by way of an October 1st order, issued following a movement listening to on the identical date. Detailed reasoning for the order isn’t supplied. For the explanations said in open court docket, IT IS THEREFORE ORDERED that the Receiver’s
Zeek Receiver’s VictoriaBank contempt motion denied Read More »
A brief replace word on the Digital Altitude Receiver’s web site informs guests that the Receivership is because of wind down quickly. Victims of the $54 million greenback rip-off have additionally been suggested they’re largely screwed. The Receiver’s newest replace seems to have gone dwell on or round September twenty fourth. It’s quick and candy;
Digital Altitude Receivership winding up, victims screwed Read More »
The DOJ has requested permission to current a number of witnesses at Mark S. Scott’s trial by way of CCTV. Hooked up to the submitting is a particular agent declaration, which reveals perception into proof the DOJ will current in opposition to Scott. As per the DOJ’s case, Scott arrange a collection of personal fairness
Mark Scott likely to have bank employees testify against him Read More »
After his arrest on suspicion of serving to OneCoin launder tons of of thousands and thousands of {dollars}, Mark S. Scott sat down with FBI brokers for an interview. Scott alleges he was denied an lawyer in the course of the interview. He’s subsequently requested the court docket to suppress something he mentioned throughout it
Why Mark Scott wants post-arrest OneCoin interview suppressed Read More »
Following an investigation into Herbalife’s Chinese language operations, the SEC has decided the corporate makes use of it’s world compensation plan throughout the nation. As Herbalife reveals in its personal SEC filings, ‘[i]n China, whereas direct promoting is permitted, multi-level advertising shouldn’t be.‘ Whereas Herbalife utilizing their MLM compensation plan in China will surely be
Herbalife cops $20 million SEC fine for fraud in China Read More »
As bits and items of the US DOJ case towards OneCoin and its executives are unsealed, we’re getting a clearer image of the place the case is at. In a latest submitting regarding probably privileged info, a beforehand sealed order has revealed the New York courtroom’s place on the DOJ’s proof. The revealing order was
US court agrees evidence shows OneCoin money laundering Read More »
As a part of a civil case introduced in opposition to him by the SEC, William Apostelos has obtained an $11.1 million greenback disgorgement judgment. Apostelos popped up on BehindMLM’s radar in 2014, by means of a evaluate we did on Genesis Acquisition Worldwide. Seems Genesis Acquisitions was a part of a wider Ponzi scheme,
William Apostelos cops $11.1 million disgorgement judgment Read More »
Pursuant to a sealed July twenty third order, the DOJ is searching for entry to doubtlessly privileged proof. Proof sought by the DOJ consists of Communications between OneCoin Ltd., OnePayments Ltd., OneNetwork Serviced Ltd., OneAcademy, OneLife, and RavenR Capital Restricted and (their) attorneys. Communications between Ruja Ignatova, Frank Ricketts, Manon Hubenthal, Irina Dilkinska, Worldwide Advertising
DOJ seeks access to potentially privileged OneCoin evidence Read More »
