Ahead of the scheduled July trial, it’s looking like a settlement between the FTC and 8 Figure Dream Lifestyle defendants is likely. In a stipulation filed on June 3rd, the FTC advised it is in settlement negotiations with defendants 8 Figure Dream Lifestyle LLC, JL Net Bargains, Inc., Kappy Enterprises LLC, Millionaire Mind Enterprises LLC, […]
8 Figure Dream Lifestyle settlements on the horizon Read More »
After doing nothing for almost a year while the Crowd1 Ponzi scheme spread like wildfire, South African authorities have clarified the company operates illegally. Well, sort of. Rather than take any initiative, the FSCA clarified Crowd1 was operating illegally in response to a public Twitter enquiry. As above, it was only after being reached out
South African authorities confirm Crowd1 operating illegally Read More »
When news of the BitClub Network arrests broke last December, we learned that the grand jury indictments behind the arrest were under seal. And so they remained until all of the defendants were in custody. That condition was finally satisfied last week, following Russ Medlin’s arrest in Indonesia. With Medlin’s arrest came the unsealing of
The unsealed BitClub Network fraud indictments Read More »
Vietnam’s Competition and Consumer Protection Department has issued fraud warnings against Crowd1 and OneLink. The CCPD has observed Crowd1 and OneLink being promoted across social media networks in Vietnam. The regulator warns that both companies are “not in compliance with the law”. “The Department of Competition and Consumer Protection assessed that the operational models of
Crowd1, OneLink & Vitae fraud warnings issued in Vietnam Read More »
A Crowd1 investment warning has been issued across Central Africa. In related news Crowd1 investors in South Africa are upset at the company’s latest round of low payouts. The Central African Financial Market Supervisory Commission (COSUMAF) is the financial regulatory arm of the Central African Economic and Monetary Community (CEMAC). CEMAC’s jurisdiction spans Cameroon, the
Crowd1 warning issued across Africa (investors mad) Read More »
Russ Medlin has been arrested in Indonesia. Indonesian authorities worked with the FBI to apprehend Medlin last Sunday. The arrest follows an Interpol red notice issued last December. Medlin (right), a convicted pedophile, has been a fugitive on the run since last December. Medlin and four co-conspirators have been indicted on charges related to operation
BitClub Network’s Russ Medlin arrested in Indonesia Read More »
New Zealand’s Financial Markets Authority has issued a scam warning against Skyway Capital and New Economic Evolution of the World (NEEW). The FMA first warned the public about Skyway Capital in July 2018. Their second May 26th warning follows promotion of NEEW across New Zealand. The FMA reiterates that Skyway Capital, NEEW, RSW Investment Group,
Skyway Capital & NEEW scam warning in NZ Read More »
In a bizarre ruling, two OneCoin Ponzi scammers in Germany have been acquitted. As told by SBS Legal, the law firm representing the scammers, the case against the scammers confirmed that those recruited ‘were or are only interested in the cryptocurrency OneCoin.’ This is an important point, because it cemented OneCoin being a pyramid scheme
OneCoin Ponzi scammers in Germany acquitted Read More »
Silver Star Live was a forex themed MLM opportunity we came across in 2019. Based on its business model we concluded that, at a minimum, Silver Star Live was engaged in securities fraud. We first learned of CFTC action against Silver Star Live in late 2019. Two of the company’s co-owners, Candace Ross-Mahmoud and Hassan
Silver Star Live’s David Mayer sued by CFTC for fraud Read More »
A Crowd1 securities fraud warning has been issued by New Zealand’s Financial Markets Authority. The FMA’s June 5th warning cites Crowd1’s Spanish corporate address and states We recommend exercising caution before dealing with Crowd1 and Impact Crowd Technology S.L. as they are not registered companies or financial service providers in New Zealand. Crowd1 offers a
Crowd1 securities fraud warning issued in New Zealand Read More »
