Jury selection for the SEC’s MyNyloxin trial was supposed to kick off on March 25th. Instead on March 7th, a Joint Motion was filed requesting the pending trial. The basis for the request was a reached settlement. On March 8th the Joint Motion was granted, requesting the parties file a Status Report or Stipulation of […]
Nutra Pharma Corp settles MyNyloxin fraud with SEC Read More »
The FDA has issued a second consumer warning pertaining to undeclared ingredients in Govvi’s WOW! supplement. Testing of an additional sample of WOW! revealed undeclared DMHA. The sample also contained DMAA, which the FDA issued a warning about last December. As per the FDA’s second March 13th Govvi warning; FDA reminds consumers not to purchase
FDA issues second Govvi heart attack ingredient warning Read More »
YEM Foundation is under investigation by Germany’s BaFin regulator. As part of BaFin’s ongoing regulation, a YEM Foundation securities fraud warning was issued on March 22nd, 2024. BaFin warns consumers “against offers from the YEM Foundation”. According to BaFin ‘s findings, the company offers banking transactions and/or financial services without permission. This is the equivalent
YEM Foundation securities fraud warning from Germany Read More »
Indian authorities have seized ₹4.3 billion in cryptocurrency, gold and cash ($51.9 million USD). As reported by The Hindu on April 1st, the assets are tied to BitConnect’s “Divyesh Darji and others”. The ED probe is based on the First Information Reports registered by the Surat police in Gujarat under various provisions of the Indian
Indian authorities seize $51.9 million tied to BitConnect Read More »
Forcount Boris CEO Salvador Molina, played by Spanish national Nestor Nunez, was arrested in Spain on December 28th, 2022. This wasn’t publicly known until last month, following Nunez’s arrest upon touching down in the US last month. Nunez appears to have been arrested at the behest of US authorities. He was extradited to the US
Fourcount’s Boris CEO arrested in Spain, extradited to US Read More »
As part of civil liquidation proceedings, the High Court of South Africa has ruled Mirror Trading International was a Ponzi scheme. The court’s undated order follows an application by MTI’s liquidators, seeking orders confirming Mirror Trading International was an illegal scheme; the investment contract between Mirror Trading International and its investors was illegal; Mirror Trading
Mirror Trading International ruled a Ponzi scheme in SA Read More »
The SEC’s EmpiresX civil fraud case has been reopened. Last October both the SEC’s and CFTC’s parallel EmpiresX civil proceedings were stayed, pending Hague service on co-founder defendants Emerson Pires and Flavio Goncalves. In March 2023 Brazilian authorities informed the SEC they’d been unable to find Pires and Goncalves. This prompted the regulator to file
SEC’s EmpiresX civil fraud case reopened, CFTC update Read More »
Validus has received a second securities fraud warning from New Zealand. The warning follows the Financial Markets Authority ordering Validus to cease operations nationwide back in February. Despite the ban, in a March 20th warning the FMA states they are aware that seminars have been held in New Zealand to promote the products and services
Second Validus securities fraud warning from New Zealand Read More »
Trust Your Universe has received a securities fraud warning from Germany’s Federal Financial Supervisory Authority (BaFin). As per BaFin’s December 22nd consumer protection notice; Providers of banking transactions or financial services in Germany require a license under the KWG . BaFin clarifies that Universe Trading LLC does not have a license under the KWG to conduct banking business or provide financial services.
Trust Your Universe securities fraud warning from Germany Read More »
Trust Your Universe has received a securities fraud warning from Austria’s Financial Market Authority. As per the FMA’s March 17th warning; Danger! The FMA warns against doing business with: Universe Trading LLC / Trust Your Universe This provider is not authorized to provide banking transactions in Austria that require a license. The provider is therefore
Trust Your Universe securities fraud warning from Austria Read More »
