The SEC has filed a lawsuit against Bitqyck and owners Bruce Bise and Samuel Mendez. The regulator alleges Bise and Mendez ” engaged in deceptive conduct”, and that Bitqyck itself was a $13 million dollar scam. Bitqyck launched in December 2016 and, according to the SEC, solicited over $13 million from more than 13,000 investors […]
Bitqyck a $13 million fraudulent scheme says SEC Read More »
The Danish Veterinary and Food Administration has issued a warning regarding several of Valentus’ coffee blends. At issue is the presence of beta-phenylethylamine, also known as PEA, which the DVFA warns ‘can cause headaches, dizziness and high blood pressure.‘ By Valentus’ own admission, beta-phenylethylamine is present in their SlimRoast Optimum and Dark Roast coffee blends.
Valentus beta-phenylethylamine warning issued in Denmark Read More »
With just five weeks to go till his OneCoin criminal trial, Mark Scott has backflipped on the review process he’s been fighting against for months. The DOJ has labelled Scott’s backflip an obstruction. And indeed the actions of Scott and his attorneys will now likely lead to a delay in his trial. Over November and
Mark Scott backflips on evidence review process, DOJ not happy Read More »
The sell-off of a flat in Manchester, purchased with stolen Traffic Monsoon investor funds, has prompted the Receiver to call for international judicial assistance. At issue is a £280,000 flat (~$342,000 USD), that Charles Scoville purchased with Traffic Monsoon investor funds in 2015. As per the granted injunctions against Scoville, any Traffic Monsoon related assets
Traffic Monsoon flat sell-off prompts Hague Convention request Read More »
QNet’s Indian operations have been shut down by the Union Ministry of Corporate Affairs (MCA). The company’s management and top promoters are also wanted by authorities. QNet operates in India through the shell company Vihaan Direct Selling India Private Limited. QNet itself is run out of Malaysia by Vijay Eswaran (right). An investigation into Vihaan
QNet India shut down, management and top promoters hunted Read More »
Charles Scoville’s lawyers have realized they’re likely not going to get paid. Cue motion demanding Traffic Monsoon victims pay over $270,000+ in legal fees. At issue is Charles Scoville’s legal fees, specifically pertaining to an attempt to legalize Ponzi schemes in the US. Scoville (right) filed a Supreme Court writ of certiorari, after a District
Scoville demands victims pay $270,000+ in Traffic Monsoon legal fees Read More »
Spain’s National Securities Market Commission has issued a securities fraud warning against Xsinergia. According to the CNMV, Xsinergia is not registered to offer securities in Spain. The regulator identifies Xsinergia as Sinergia De Activos Y Socios SL, and states the company is operating illegally with respect to Spain’s Securities Makrets Law. CNMV also warns against
Xsinergia securities fraud warning issued in Spain Read More »
Prosecutors have filed criminal charges against five OneCoin promoters in Finland. Specific details of the case are light, but we know four are up for tax fraud offenses committed between 2015 to 2018. The fifth defendant has been charged with money laundering. First news of the criminal case against three defendants broke back in April.
OneCoin promoters in Finland up for tax fraud and money laundering Read More »
Ernie Ganz appears to have taken the legal side of his clawback lawsuit into his own hands… …and things are going exactly as you’d imagine they would. The Traffic Monsoon Receivership has been trying to serve Ernie Ganz (right) since late April. Between April 25th and 29th, service on Ganz was attempted three times. Each
Ernest Ganz plays dumb with Receiver, cops entry of default Read More »
The FTC Commission has approved settlements with Scott Chandler, Louis Gatto, Thomas Dluca and Eric Pinkston. Details of the settlements reveal over a million dollars in ill-gotten gains will be turned over. In no particular order, here are the particulars of each defendants settlement with the FTC: William Scott Chandler – $31,000 monetary judgement Thomas
Chandler, Gatto, Dluca & Pinkston settlements run into the millions Read More »
