Authorities in Côte d’Ivoire have banned Crowd1 and QNet. The acknowledged purpose for the ban is each firms function as scams and facilitate cash laundering. The regulatory announcement was made as a part of a July eighth Council of Ministers assembly. Part three of the assembly agenda noticed council members focus on a nationwide “upsurge […]
Crowd1 & QNet banned in Côte d’Ivoire for being scams Read More »
Voting on the proposed TelexFree liquidation plan closed on June thirtieth. A broadcast tally of the ballots reveals that TelexFree victims voted in assist of the liquidation plan. As per the Trustee’s July seventh report; Class 1 (precedence claims) voted to just accept the plan Class 2 (participant comfort claims) voted to just accept the
TelexFree victims vote for distribution plan Read More »
Earlier this 12 months it emerged TelexFree scammer Sann Rodrigues fled Brazil with assistance from a lawyer and two former cops. Rodrigues stays at massive, nonetheless the lawyer and one of many cops concerned had been arrested again in February. The pair had been launched a day later and have been out on bail since.
Rodrigues’ escape accomplices back in custody, more warrants Read More »
Elysium Capital has obtained a securities fraud warning from Estonia’s Monetary Supervisory Authority (FSA). Based on the FSA, Elysium Capital doesn’t maintain an exercise licence for the supply of funding providers in Estonia and due to this fact ELYSIUM CAPITAL isn’t authorised to offer funding providers in Estonia. The FSA is Estonia’s high monetary regulator.
Elysium Capital securities fraud warning issued in Estonia Read More »
Two latest rulings have seen Jason and Eunjung Cardiff’s contempt enchantment denied; and Jacques Poujade discovered to be in contempt. Redwood principals Jason and Eunjung Cardiff had been present in contempt again in April. This marked the second time the Cardiffs had been present in contempt. They had been spared jail time owing to the
Cardiffs’ contempt appeal denied, Poujade facing jail Read More »
On June nineteenth the FTC filed a contemporary movement requesting sanctions towards Jason and Eunjung Cardiff. As alleged by the FTC, the Cardiffs have did not adjust to a filed March thirty first contempt order. This was adopted up by an emergency ex-parte software for a TRO, filed on June twenty third. The FTC’s software
FTC thwarts Jason Cardiff’s COVID-19 mask scheme Read More »
Fok Fook Seng, higher referred to as Fred Fok, has been fined $71,000 for selling the OneCoin Ponzi scheme in Singapore. Fok (proper) was charged with selling OneCoin between January 2016 and June 2017. He was convicted earlier this week. Fok promoted OneCoin by way of his Fb group OneLife One World Staff Singapore. Police state
Fred Fok fined $71,700 for promoting OneCoin in Singapore Read More »
An FMA investigation into Tycoon69 has result in the corporate’s collapse in Switzerland. As per an e-mail despatched out by the Vischer regulation agency, Tycoon69 has declared chapter. As per the FMA’s investigation, the regulator discovered Tycoon69 AG doesn’t have the licence required for its enterprise actions (and) the next granting of the mandatory licence
Tycoon69 collapses in Switzerland, regulatory bankruptcy Read More »
The Philippines SEC has issued a fraud warning towards the Forsage gifting scheme. They’ve additionally outed Lado Okhotnikov as proprietor of the rip-off. The SEC’s three-page warning was issued on June thirtieth. The regulator writes The entity working below the identify FORSAGE, headed by LADO OKHOTNIKOV, is discovered to be engaged in investment-taking actions within
Forsage fraud warning issued by Philippines SEC Read More »
Regulators are belatedly turning up the warmth on Crowd1 in South Africa. The newest regulatory physique to announce it’s investigating the Ponzi scheme is the Nationwide Shopper Fee (NCC). As per their web site, the NCC is the first regulator of consumer-business interplay in South Africa. South African media are reporting the NCC has confirmed
South Africa’s NCC finally announces Crowd1 investigation Read More »
