Earlier right now I revealed an article protecting a civil fraud case filed by the SEC. The case was filed towards two AirBit Membership promoters. That was good to listen to however it left me questioning why the the SEC hadn’t pursued the Ponzi scheme’s creators, Renato Rodriguez and Gutemberg Dos Santos. Seems the DOJ […]
Renato Rodriguez & Gutemberg Dos Santos indicted, arrested Read More »
Two promoters of the AirBit Membership Ponzi scheme have been sued by the US Securities and Alternate Fee. The SEC’s lawsuit was filed on August 18th and identifies AirBit Membership as an “funding membership” that’s ‘not organized in any jurisdiction and has no formal authorized existence.’ Named as defendants within the swimsuit are AirBit Membership
Two US AirBit Club promoters sued by SEC Read More »
South Africa has issued a securities fraud warning in opposition to Mirror Buying and selling Worldwide. The Monetary Sector Conduct Authority claims ‘returns on the investments claimed by MTI appear far-fetched and unrealistic.’ When the FSCA started investigating Mirror Buying and selling Worldwide is unclear. As per an August press-release nonetheless, they’ve apparently been in
Mirror Trading International sec fraud warning from Sth Africa Read More »
Resulting from a number of excellent points, the Zeek Rewards Receivership has been prolonged by to 2021. The final roadmap positioned the winding down of the Zeek Receivership on or round January 2020. Ongoing points will blow that delicate deadline out by greater than a 12 months, as revealed in an August 4th submitting. In
Zeek Rewards Receivership extended through 2021 Read More »
Neora’s bid to dismiss the FTC’s pyramid scheme case towards it has been rejected. The corporate did nonetheless handle to get the case moved to Texas. The thrust of Neora’s movement to dismiss is that they filed first towards the FTC in Illinois. Neora’s lawsuit took place because of the FTC giving it an opportunity
FTC’s Neora case survives dismissal, moved to Texas Read More »
John William Cranney, aka Jack Cranney, joined Shaklee again in 1967. He remained with the corporate till 2012. That very same yr Cranney was charged with working a $10.4 million greenback Ponzi scheme. I got here throughout Cranney’s story as a part of my analysis for a Shaklee overview. Earlier than we proceed, I need
Shaklee top earner John Cranney’s 11 year Ponzi scheme Read More »
The Comision Nacional del Mercadeo de Valores (CMNV) has issued a securities fraud warning in opposition to Omega Professional. In keeping with the CNMV, Spain’s high monetary regulator, Omega Professional isn’t authorised to supply funding companies detailed in … the Securities Markets Regulation. That is the equal of a US securities fraud warning. Omega Professional
Omega Pro securities fraud warning issued in Spain Read More »
The FTC has moved for abstract judgment towards all counts filed towards Jason and Eunjung Cardiff. Default judgment has additionally been sought towards their firm Redwood Scientific Applied sciences. In assist of their August sixth filed movement, the FTC claims there is no such thing as a real challenge as to any materials truth with
FTC files for summary judgment against Cardiffs Read More »
A prison courtroom in Antwerp has convicted Asker Sakinmaz, Cengiz Ehliz and Erwin Fally. The pair had been behind the Flexkom pyramid scheme, which collapsed in 2017. In keeping with native information stories, Belgian authorities started investigating Flexkom again in 2014. The prison case was initiated following a civil grievance filed by victims. As per
Flexkom scammers convicted in Belgium Read More »
Like most of you we weren’t actually certain why a January thirteenth, 2021 date for distribution funds was set. Seems that was extra of a deadline, following stories from a number of TelexFree victims of obtained funds. Beginning a number of hours in the past, TelexFree victims began to report having obtained emails confirming cost
TelexFree victims receive early recovery distribution payments Read More »
