regulation

Mirror Trading International offices raided by SA authorities

companies, Frauds, Mirror Trading International, regulation

Mirror Buying and selling Worldwide’s places of work in South Africa have been raided by the Monetary Sector Conduct Authority. Moreover the residences of Clynton and Cheri Marks have additionally been raided. The raids throughout Stellenbosch, Polokwane and Durban noticed the FSCA seize ‘digital and telephonic information from cell telephones, notebooks, and PCs’. The FSCA […]

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Mining City lying about Philippine SEC registration?

companies, Frauds, Mining City, regulation

In a latest Mining Metropolis webinar, CEO Gregory Rogowski claimed the corporate had obtained an license with the Philippine SEC. As per correspondence acquired by the SEC after the webinar aired, the Philippine SEC have confirmed Mining Metropolis stays unregistered. Not solely that, the regulator seems to be constructing a case in opposition to native promoters. Though

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Liyeplimal securities fraud warning issued by COSUMAF

companies, Frauds, regulation

The Fee de Surveillance du Marche Financier de L’Afrique Centrale, higher often known as COSUMAF, has issued a securities fraud warning towards Liyeplimal. BehindMLM reviewed Liyeplimal again in July 2020. Evaluation revealed Liyeplimal was a part of Simb Parfait’s International Funding Buying and selling Ponzi manufacturing facility. COSUMAF’s warning is directed to residents of Cameroon,

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ArbiStar’s Santi Fuentes arrested in Spain

companies, Frauds, regulation

Serial Ponzi scammer Santiago Fuentes has been arrested in Spain. Spanish authorities have charged Fuentes with “belonging to a prison group” and cash laundering. BehindMLM first got here throughout Santiago, extra generally referred to as Santi Fuentes, by means of World Unity in 2014. ArbiStar was a run-of-the-mill crypto “buying and selling bot” Ponzi scheme.

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Digital Altitude Receivership formally closed

Digital Altitude, Frauds, regulation

Following a discharge movement filed earlier this 12 months, the Digital Altitude Receivership has been formally closed. The order was made on October fifth, following approval to pay $42,779 to Receivership employees. We’ve beforehand lined the Receivership opting to not pursue restoration of $515,000 from John Souza and Paradise Media Ventures, and abandoning of nugatory

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AirBit Club civil case stayed pending criminal case outcome

companies, Frauds, regulation

AirBit Membership civil proceedings initiated by the SEC have been stayed, pending final result of the DOJ’s legal case. The keep order was issued on October fifth, following a letter movement filed by defendants Cecila Millan and Margarita Cabrera. Of their movement, Millan and Cabrera argued a keep was justified as a result of ‘each

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VPL’s viability grossly overstated, 4 weeks behind schedule

Frauds, regulation, RengaLife

Regardless of being discovered to be in contempt, final month Jason Cardiff dodged incarceration based mostly on representations that VPL Medical was a viable enterprise. In a nutshell, the courtroom dominated that Cardiff being put to work for VPL was of extra profit to the FTC than incarceration. As a part of that association, the

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LuLaRoe fined $95K for “unfair & deceptive” Buy Back Policy

Frauds, LuLaRoe, regulation

An investigation by the Pennsylvania Legal professional Basic has discovered LuLaRoe’s Purchase Again Coverage to be “unfair and misleading”. The AG alleges LuLaRoe’s enterprise practices are in violation of Pennsylvania Shopper Safety Legislation. After receiving nineteen shopper complaints, seventeen of which pertained to refund complaints, the Pennsylvania AG initiated an investigation into LuLaRoe’s enterprise practices.

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