regulation

Christopher Hamilton’s OneCoin money laundering indictment

Frauds, OneCoin, regulation

Christopher Hamilton’s OneCoin cash laundering indictment has been unsealed. Initially filed again in March 2019, Hamilton’s indictment particulars two counts of fraud. As per his indictment, Hamilton labored with co-conspirator Robert MacDonald to launder over $100 million for OneCoin. Hamilton (proper) and MacDonald structured their transfers in such a method as to “conceal and disguise […]

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BitCoiin Ponzi Compliance Officer & lawyer sued by SEC

Frauds, Options Rider, regulation

The SEC goes after the BitCoiin Ponzi scheme’s Compliance Officer and a purported authorized advisor. After receiving permission from the court docket (the case is presently stayed), the SEC filed an amended criticism naming Keith Gooselaw and Jeffrey Gold as further defendants. BitCoiin was a part of Kristijan Krstic’s $70 million Ponzi empire. Krstic and

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Doyce Barnes sentenced to 4 yrs prison for I2G Ponzi fraud

Frauds, Global1Entertainment, regulation

Infinity2Global govt Doyce Barnes has been sentenced to 4 years in jail. Barnes sentencing follows a jury discovering him responsible on mail fraud and securities fraud fees. Barnes, together with co-defendants Richard Maike (proper) and Faraday Hosseinipour, filed for an acquittal and new trial after their September conviction. The movement was denied previous to sentencing.

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Forcount scammer Antonia Perez Hernadez arrested in Florida

companies, Frauds, regulation

The third indicted Forcount Ponzi scammer has been arrested. Antonia Perez Hernandez was arrested in Florida on December sixteenth. Hernandez was indicted on December sixth, together with fellow Forcount Ponzi scammers Francis Silva and Juan Tacuri. As per Hernandez’s indictment, she stands accused of conspiracy to commit wire fraud, wire fraud and (making) false statements.

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Validus fraud warning from Belgium’s FSMA

companies, Frauds, regulation

Validus has acquired a fraud warning from Belgium’s Monetary Companies and Markets Authority. As per the FSMA’s December 14th warning; The FSMA warns the general public in opposition to Validus, a platform located overseas which is promoting coaching in Belgium meant to show individuals to commerce in complicated monetary devices comparable to foreign exchange derivatives.

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Sebastian Greenwood pleads guilty to OneCoin fraud charges

Frauds, OneCoin, regulation

Karl Sebastian Greenwood has pled responsible to OneCoin associated wire fraud and cash laundering fees. Greenwood (proper) was scheduled to face trial in Could 2023. Following submitting of a superseding indictment, which has not been made public, Greenwood (proper) opted to plead responsible. No plea deal was made with the DOJ. Greenwood’s case docket has

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3rd NovaTech FX securities fraud warning from Canada (ONT)

companies, Frauds, regulation

The Ontario Securities Fee has issued a NovaTech FX securities fraud warning. As per the OSC’s December thirteenth warning, NovaTech FX, working as Novatech LTD, isn’t registered in Ontario to have interaction within the enterprise of buying and selling in securities. That is the equal of a securities fraud warning in different jurisdictions. The OSC

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Richard Maike sentenced to 10 years in prison for I2G fraud

Frauds, Global1Entertainment, regulation

Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in jail. Maike may also pay a $100,000 financial high quality, with restitution to be decided subsequent 12 months. Infinity2Global was an MLM Ponzi scheme Maike (proper) launched again in 2013. Lengthy after I2G had collapsed, Maike and a number of other prime I2G

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Forcount founder and three promoters sued by SEC

companies, Frauds, regulation

Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC. The SEC has additionally filed civil fraud fees towards three US-based promoters. Francis Da Silva (proper), refers to himself because the “Cryptocurrency Sheik” and “boss of the pyramid scammers”. Da Silva, a Brazilian nationwide, is the founding father of Forcount

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