The FTC initially estimated MOBE scammed folks out of no less than $125 million. Based mostly on ongoing forensic accounting efforts by the Receiver, that determine has now jumped to $318.5 million. The newest determine was supplied in an FTC movement for default judgment and everlasting injunction in opposition to Matt Lloyd McPhee and the […]
MOBE fraud tops $318 million, FTC moves for default judgment Read More »
Pedro Fort has been issued a $14.9 million judgment within the SEC’s Fort Advert Pays Ponzi case in opposition to him. The March nineteenth judgment follows the SEC transferring for $38.6 million in reduction in opposition to the Fort Advert Pays defendants just a few weeks again. As per the judgment; Pedro Fort Berbel has
Pedro Fort receives $14.9 mill Fort Ad Pays Ponzi judgment Read More »
The FTC’s ongoing lawsuit in opposition to Redwood Applied sciences and house owners Jason and Eunjung Cardiff, is evidently making life very troublesome for the defendants. Going through eviction from the household residence, a Decide has additionally now denied a request for the return of the Cardiff’s passports – with out which Jason claims he’ll
FTC fraud lawsuit making life difficult for Jason & Eunjung Cardiff Read More »
On March fifteenth the Zeek Receiver filed his Standing Report for the fourth quarter of 2018. Amongst different issues, the Receiver revealed 44.2% of net-winner funds have been efficiently clawed again. Throughout This fall 2018, the Zeek Rewards Receivership collected $109,305.58 in settlement funds from net-winners. Up to now the Receivership has clawed again $18.07
Zeek Receivership has clawed back 44.2% of net-winner payments Read More »
Simply earlier than the FTC moved to close it down, Digital Altitude transferred over half one million {dollars} to Paradise Media Ventures. There doesn’t seem to have been any legit cause for the switch, and so now the Receiver is demanding the funds again. Paradise Media Ventures is run by John Souza (proper). The corporate
$515K Digital Altitude clawback filed against Paradise Media Ventures Read More »
The DOJ has secured the detention of Konstantin Ignatov, pending his going through prices in New York. Ignatov, appearing head of OneCoin, was arrested in California on an out of district fugitive warrant final week. In in search of Ignatov’s detention, the DOJ argued that no situation or mixture of situations will cheap guarantee the
Konstantin Ignatov detained pending OneCoin charges in NY Read More »
Authorities in Hyderabad, India, have shutdown the long-running eBiz pyramid scheme. Two eBiz representatives have been arrested; Hitak Malhan, son of eBiz Managing Director Pavan Malhan; and eBiz Director Anitha Malhan, spouse of Hitak Malhan. eBiz relies out of Noida within the Indian state of Uttar Pradesh. The corporate seems to have been a long-running
eBiz pyramid scheme busted in India, two arrests Read More »
The specifics of Ruja Ignatova’s OneCoin exit-scam are coming collectively. The most recent piece of the puzzle is the revelation that Ignatova was initially indicted again October 2017 – across the similar time she “went on maternity go away”. Nonetheless unclear is strictly when US authorities started investigating OneCoin and Ignatova. What we do know
Ruja Ignatova was originally indicted on October 12th, 2017 Read More »
The case towards the primary of OneCoin insider to fall, Mark Scott, is slowly progressing in direction of trial. At current there’s a little bit of a standoff relating to an agreed trial date. The DOJ desire a trial on or round September 2019. Mark Scott’s attorneys need July. The courtroom has beforehand ordered the
DOJ pushing for September 2019 Mark Scott OneCoin trial date Read More »
Michael Power’s settlement with the FTC has been accredited. As per the settlement, the FTC has obtained a $54 million greenback financial judgment in opposition to Power. An injunction has additionally been granted, prohibiting Power from committing additional violations of the FTC Act. The FTC sued Michael Power and Digital Altitude early final yr. By
Michael Force cops $54 mill Digital Altitude judgment, stripped of assets Read More »
