regulation

Chandler, Gatto, Dluca & Pinkston settlements run into the millions

companies, Frauds, regulation

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 […]

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Daniel Pacheco’s hilarious answer to SEC’s iPro Network fraud lawsuit

companies, Frauds, regulation

Daniel Pacheco has filed a hilarious answer to the SEC’s lawsuit against him and his company iPro Network. He’s also going after the regulator through equally amusing counterclaims. Daniel Pacheco (right) launched iPro Network back in early 2017. The scheme was quick to exit-scam via public listing of its PROC shitcoin, after which PROC went

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High Court order sheds light on Dan Andersson’s fraud in Pakistan

Frauds, LEO, regulation, Unaico

A High Court order has provided insight into why LEO owner Dan Andersson can’t leave the country. Turns out Andersson’s years of scamming the Pakistani public have come back to haunt him. The recent but undated High Court judgement pertains to an April 22nd hearing. The case was filed by LEO owner Dan Andersson (cited

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John Barksdale held in Bangkok while authorities investigate Ormeus

Frauds, Ormeus Global, regulation

A new report from the Daily Mail has confirmed John Barksdale remains in custody while authorities investigate. Barksdale was arrested in connection with his Ormeus Global Ponzi scheme. According to the Daily Mail report, two alleged victims, Daranee Plusker and Bob Steed, complained to police in Bangkok last month that they were deceived by the

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John Barksdale arrested in Thailand over Ormeus Global fraud

Frauds, Ormeus Global, regulation

Authorities in Thailand have arrested serial scammer John Barksdale. Barksdale is primarily known as the owner of the collapsed Ormeus Global Ponzi scheme. Barksdale was arrested in Bo Put, Samui District, on a Bangkok warrant back on July 8th. Thai authorities however only announced his arrest yesterday. Barksdale’s arrest was a joint operation between the

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PMV & John Souza to keep $600,000 of Digital Altitude victim funds

Digital Altitude, Frauds, regulation

A decision on the beef between the Digital Altitude Receivership and Paradise Media Ventures, will see owner John Souza keep $600,000 of victim funds. The dispute can be traced back to a $515,000 clawback lawsuit filed by the Digital Altitude Receiver back in March. As part of its fraudulent business operations, Digital Altitude ‘licensedcertain educational

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