regulation

Following a preliminary injunction being granted towards Digital Earnings System promoters Brandon Frye and Kaitlyn Scott, the FTC has now moved for default judgment. As per the FTC’s January thirteenth courtroom submitting; The FTC’s Grievance alleges that Frye, Scott, and the remaining Defendants—Digital Earnings System, Inc., Derek Jones Foley, William Foley, and Jennifer Hedrick — […]

Authorities in New Delhi have shut down the Future Maker Life Care pyramid scheme in 2018. Administrators Radhe Shyam and Bansi Lal have been arrested. The Enforcement Directorate is now pursuing felony fees towards them. Shyam and Lal have been charged underneath the Prize Chit and Cash Circulation (Banning) Act. They stand accused of selling

A New Zealand based mostly Lion’s Share promoter has acquired a stop and desist discover. The stop and desist discover was issued to Shelly Cullen by the Commerce Fee on December twenty first. A month to the day, the Commerce Fee made the discover public on January nineteenth. Cullen (proper) caught the eye of New

CubeBit has obtained a securities fraud warning from the Philippines SEC. As per the SEC’s December tenth warning, CubeBit is ‘soliciting investments within the Philippines WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY from the Fee.’ The general public is once more warned of such doable “Ponzi Scheme” providing high-yielding investments on-line. That is the equal of

Spain’s Comisión Nacional del Mercado de Valores has issued a securities fraud warning in opposition to QubitTech. As per the CNMV’s January eleventh warning, QuibiTech isn’t authorised to supply the funding companies detailed in Article 140 of the Spanish Securities Markets Act, which embody funding recommendation, nor to supply the auxiliary companies detailed in Article