Muhammad Zafar, considered one of OneCoin’s prime earners, has been arrested in Pakistan. Zafar is going through fraud prices in relation to his promotion of “OneCoin and others”. Zafar, higher often known as “Dr. Zafar” inside OneCoin, was reported to authorities in August 2020. The grievance result in a First Data Report (FIR), filed on […]
OneCoin scammer Muhammad Zafar arrested in Pakistan Read More »
The current AMG Supreme Court docket choice has created a headache for the FTC. Following the choice, Success by Well being now search to dissolve the granted preliminary injunction. SBH additionally needs the Receivership to return any funds obtained as charges paid by the corporate. In a memorandum filed on April twenty ninth, SBH argues
Success by Health seeks reversal of preliminary injunction Read More »
After 4 years of actually doing nothing, BaFin are investigating a German OneCoin promoter’s web site. BaFin, Germany’s high monetary regulator, introduced their investigation through an April twentieth discover. onecoin-pfalz.de: BaFin is investigating the operator of the web site The content material of the web site justifies the idea that the operator provides unauthorized banking or monetary companies or fee companies
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Frank Schneider, a key determine in OneCoin’s cash laundering operations, has been arrested in France. Schneider can be believed to have tipped off Ruja Ignatova concerning the FBI investigation, resulting in her disappearance. Schneider (proper) was needed by authorities within the US for his position in OneCoin, a $4 billion greenback Ponzi scheme. Along with
OneCoin money launderer Frank Schneider arrested in France Read More »
Again in October 2019 the Site visitors Monsoon Receiver sought to make use of native attorneys to go after Canadian net-winners. The movement was denied later the identical month. In denying the movement, the courtroom advisable the Receiver ‘solicit a number of bids from attorneys skilled on this space of Canadian legislation’. On April twenty
Traffic Monsoon Receiver renews Canadian clawback efforts Read More »
Though it’s been on my radar, BehindMLM hasn’t coated the AMG v. FTC lawsuit because it isn’t itself an MLM associated case. That mentioned, on April twenty second the Supreme Court docket handed scammers a victory. That victory has ramifications for MLM fraud associated lawsuits. Earlier than we get into the heavy lifting, I need
Scammers celebrate AMG Supreme Court win Read More »
Whereas South African authorities proceed to twiddle their thumbs and do nothing, liquidation proceedings towards Mirror Buying and selling Worldwide’s ringleaders continues. The newest choice has seen provisional sequestration granted towards Johann and Nerina Steynberg. Johann Steynberg (proper) is believed to be a puppet govt, working with MTI’s actual house owners Cheri and Clynton Marks.
Johann Steynberg and wife’s assets subject to MTI clawback Read More »
Following a profitable enchantment final month, the Kristijan Krstic extraditions had been punted again to a Serbian Excessive Court docket. That Excessive Court docket has now reaffirmed that “that every one authorized preconditions for extradition have now been decided”. Because of this extradition is as soon as once more on the playing cards, pending the
Kristijan Krstic extraditions approved again by High Court Read More »
Alan Friedland (proper) seems to be withholding proof from the CFTC. Excellent requests for manufacturing of paperwork to Friedland date again to August 2020. After eight months of stuffing round on Friedland’s half, on April ninth the CFTC filed a movement looking for to compel manufacturing. Of their movement the CFTC states Friedland was served
Alan Friedland playing fast and loose with fraud evidence Read More »
The DOJ has been granted an intervention within the SEC’s civil case towards Kristijan Krstic, John DeMarr and Robin Enos. The granted intervention is adopted by an order staying the case, pending the result of parallel prison proceedings. The acknowledged motive for the DOJ’s intervention request is “the identical underlying details are at concern in
DOJ intervenes in SEC’s Krstic case, stay granted Read More »
