regulation

Brazil approves extradition of BitRobot’s Laurent Barthelemy

Brazil’s Supreme Courtroom has accepted the extradition of BitRobot admin  Laurent Myriam Claude Barthelemy. Barthelemy was arrested in Brazil on a world arrest warrant request by Belgium in April 2023. As per the Supreme Courtroom’s April 2nd press-release, Barthelemy (proper) has been charged with “committing the crimes of prison group, fraud, pc fraud and cash […]

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OneCoin’s Irina Dilkinska sentenced to four years in prison

Irina Dilkinska, OneCoin’s former Head of Authorized and Compliance, has been sentenced to 4 years in jail. Regardless of her title, Dilkinska’s precise position inside OneCoin was to supervise its cash laundering operations. In that capability, Dilkinska (proper) labored carefully with OneCoin co-founder Ruja Ignatova. Dilkinska’s sentencing follows her arrest in Bulgaria in 2021 and

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FDA issues second Govvi heart attack ingredient warning

The FDA has issued a second client warning pertaining to undeclared elements in Govvi’s WOW! complement. Testing of a further pattern of WOW! revealed undeclared DMHA. The pattern additionally contained DMAA, which the FDA issued a warning about final December. As per the FDA’s second March thirteenth Govvi warning; FDA reminds customers to not buy

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YEM Foundation securities fraud warning from Germany

YEM Basis is underneath investigation by Germany’s BaFin regulator. As a part of BaFin’s ongoing regulation, a YEM Basis securities fraud warning was issued on March twenty second, 2024. BaFin warns customers “in opposition to affords from the YEM Basis”. Based on BaFin ‘s findings, the corporate affords banking transactions and/or monetary providers with out

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Indian authorities seize $51.9 million tied to BitConnect

Indian authorities have seized ₹4.3 billion in cryptocurrency, gold and money ($51.9 million USD). As reported by The Hindu on April 1st, the belongings are tied to BitConnect’s “Divyesh Darji and others”. The ED probe relies on the First Data Studies registered by the Surat police in Gujarat below numerous provisions of the Indian Penal

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Fourcount’s Boris CEO arrested in Spain, extradited to US

Forcount Boris CEO Salvador Molina, performed by Spanish nationwide Nestor Nunez, was arrested in Spain on December twenty eighth, 2022. This wasn’t publicly recognized till final month, following Nunez’s arrest upon touching down within the US final month. Nunez seems to have been arrested on the behest of US authorities. He was extradited to the

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Mirror Trading International ruled a Ponzi scheme in SA

As a part of civil liquidation proceedings, the Excessive Courtroom of South Africa has dominated Mirror Buying and selling Worldwide was a Ponzi scheme. The courtroom’s undated order follows an software by MTI’s liquidators, in search of orders confirming Mirror Buying and selling Worldwide was an unlawful scheme; the funding contract between Mirror Buying and

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SEC’s EmpiresX civil fraud case reopened, CFTC update

The SEC’s EmpiresX civil fraud case has been reopened. Final October each the SEC’s and CFTC’s parallel EmpiresX civil proceedings have been stayed, pending Hague service on co-founder defendants Emerson Pires and Flavio Goncalves. In March 2023 Brazilian authorities knowledgeable the SEC they’d been unable to seek out Pires and Goncalves. This prompted the regulator

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Second Validus securities fraud warning from New Zealand

Validus has obtained a second securities fraud warning from New Zealand. The warning follows the Monetary Markets Authority ordering Validus to stop operations nationwide again in February. Regardless of the ban, in a March twentieth warning the FMA states they are conscious that seminars have been held in New Zealand to advertise the services and

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