regulation – Page 67

Freebay added to New Zealand’s Karatbars fraud warning

Frauds, Karatbars International, regulation

Freebay has been added to New Zealand’s Monetary Markets Authority’s Karatbars Worldwide securities fraud warning. Freebay launched late final 12 months, after the FMA issued its preliminary Karatbars Worldwide securities fraud warning in Might 2021. Freebay is a reboot of Karatbars’ failed G999 crypto token Ponzi scheme. As an alternative of heading up the corporate himself, proprietor […]

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US BitConnect promoters sued by SEC

BitConnect, Frauds, regulation

High US promoters of the BitConnect Ponzi scheme have been sued in a securities fraud lawsuit filed by the SEC. Defendants on the chopping block are Trevon Brown (aka Trevon James), Craig Grant, Joshua Jeppesen, Ryan Maasen, Michael Noble (aka “Michael Crypto”). Jeppesen’s fiancee, Laura Mascola, is the only real named reduction defendant. As described

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Sebastian Greenwood rejects plea deal, tons of new evidence

Frauds, OneCoin, regulation

Two attention-grabbing updates have come from a Could twenty seventh Standing Convention in Sebastian Greenwood’s prison case. The primary replace is that efforts to barter a pre-trial disposition of the case have up to now been unsuccessful. As defined by prosecuting DOJ lawyer Nicholas Folly; Since our final look the events have been in some

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Digital Income System fraud settlements top $3.5 mill dollars

companies, Frauds, regulation

Earlier this month we reported on the FTC reaching settlements with a number of Digital Earnings Programs defendants. On Could twenty sixth the FTC filed notices of settlement approval for defendants Jennifer Hedrick (aka Jennifer Maurer), Derek Jones Foley and William Foley, Christopher Brandon Frye and Kaitlyn Scott. The respective defendants settlements will see financial

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FTC files for new Success by Health preliminary injunction

Frauds, regulation, Success By Health

In our final Success by Well being replace we famous the court docket had given Success by Well being till Might twenty first to ‘file a movement to dissolve or modify the Preliminary Injunction and receivership’. To that finish Success by Well being filed a memorandum detailing what they believed the current AMG choice had on

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Global Trading Club scammers on track to settle with CFTC

companies, Frauds, regulation

The International Commerce Membership defendants are heading in direction of settlement agreements with the CFTC. On Could 14th the courtroom ordered the CFTC and International Buying and selling Membership defendants to confer “in particular person or by video convention relating to an agreed process for acquiring testimony or declarations from the alleged monetary victims and

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VPL Receivership to disband, Cardiffs & FTC share costs

Frauds, regulation, RengaLife

As a part of the fallout of the AMG determination wreaking havoc on FTC regulatory circumstances, the VPL Receivership is schedule to be discharged. The VPL Receivership was established as a part of the FTC’s ongoing Redwood Scientific Applied sciences fraud case. As per a Might twenty fourth order, the Receiver’s request in search of

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QubitLife banned in Italy, CMO Marc Swickle does a runner

companies, Frauds, regulation

QubitLife has been formally banned by Italian regulators. The transfer by CONSOB, Italy’s high monetary regulator, got here every week earlier than QubitLife knowledgeable 250,000+ victims it was disabling withdrawals. When CONSOB started investigating QubitLife is unclear. What we do know is the investigation started previous to QubitTech rebranding as QubitLife. CONSOB’s investigation noticed the

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Navan Global founder Trey Knight indicted for wire fraud

Ariix, companies, Frauds, regulation

Haskell Knight, higher recognized within the MLM business as Trey Knight, has been indicted on three felony counts of wire fraud. Trey Knight (proper) appeared on BehindMLM’s radar in 2020, as founder and CEO of Navan World. Knight made a reputation for himself within the Fortune Hello-Tech Advertising pyramid scheme. Previous to the FTC shutting

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$36.3 million in Traffic Monsoon victim claims approved

Frauds, regulation, Traffic Monsoon

A Might tenth Receivership Standing Report reveals that 12,500 Site visitors Monsoon victims have had their claims permitted. The overall greenback quantity of permitted claims up to now involves $33,383,808. On the chopping block are claims totaling $182.8 million. These claims are in dispute relating to filed proof backing the claims. The Receiver has filed

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