Silver Star Reside was a foreign exchange themed MLM alternative we got here throughout in 2019. Based mostly on its enterprise mannequin we concluded that, at a minimal, Silver Star Reside was engaged in securities fraud. We first realized of CFTC motion towards Silver Star Reside in late 2019. Two of the corporate’s co-owners, Candace […]
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 Monetary Markets Authority. The FMA’s June fifth warning cites Crowd1’s Spanish company deal with and states We suggest exercising warning earlier than coping with Crowd1 and Influence Crowd Know-how S.L. as they don’t seem to be registered corporations or monetary service suppliers in New
Crowd1 securities fraud warning issued in New Zealand Read More »
Final month we coated the Jason and Eunjung Cardiff’s try to have FTC proceedings towards them stayed, pending a since withdrawn enchantment towards the sale of their home. The Cardiffs additionally argued “they weren’t afforded due course of”, and had a complain about most of their motions being denied. The court docket disagreed and denied
Cardiffs denied stay, Poujade up for contempt & trial date Read More »
The SEC’s fraud case in opposition to defendants Dan Putnam and Jean Paul Ramirez was initially filed underneath seal on Might seventh. The case was unsealed on June 4th, resulting in our report on it. Trying on the case docket, we study that Putnam’s and Ramirez’s belongings have been frozen the identical date the SEC
Dan Putnam & Jean Ramirez’s assets frozen in SEC case Read More »
Final August Charles Scoville filed a movement requesting Visitors Monsoon victims pay his $270,000+ authorized invoice. On Might twenty ninth Scoville’s movement was denied. As said just by the courtroom: A defendant in a securities fraud lawsuit doesn’t have a constitutional proper to make use of frozen property to pay for an legal professional. The
Scoville denied use of victim funds to pay legal fees (again) Read More »
The FTC has issued a second COVID-19 warning to main gamers within the MLM business. This time across the regulator is citing examples of selling fraud from Youngevity, Melaleuca, Isagenix, Juice Plus+, Plexus Worldwide and Vivri. Particular examples of COVID-19 advertising fraud cited by the FTC embrace: Juice Plus A video selling The Juice Plus
FTC issues second COVID-19 warning to MLM companies Read More »
The SEC has filed a federal fraud lawsuit towards Daniel F. Putnam, Jean Paul Ramirez Rico and Angel A. Rodriguez. The SEC alleges the defendants defrauded customers out of a minimum of $12 million by cryptocurrency securities fraud. Along with the first particular person defendants named above, the SEC names Putnam’s seventy-six 12 months outdated
SEC sues Dan Putnam & Jean Ramirez for $12 mill in fraud Read More »
Crowd1 has been recognized as a “pyramid rip-off” by Gabon’s Ministry of Economic system and Finance. In a June 1st communication, Gabon’s prime monetary regulator warns that Crowd1 is akin to community advertising pyramid rip-off methods wherein revenue doesn’t come gross sales exercise however from the recruitment of latest members. Thus, solely the designers of
Crowd1 “pyramid scam” warning issued in Gabon Read More »
MOBE’s cost processor QualPay has settled fraud fees with the FTC. The settlement features a $46.7 million greenback suspended financial judgment. As per a June 1st press-release issued by the FTC; Qualpay ignored quite a few indicators that MOBE was a fraudulent enterprise. The purple flags listed within the criticism embrace questions on whether or
QualPay settles MOBE fraud charges with FTC Read More »
TelexFree Brazil co-owners Carlos Wanzeler and Carlos Costa have been sentenced to 12 and a half years in jail. The pair have additionally been fined R$1 million ($183,698 USD) every. There’s just a few TelexFree instances occurring in Brazil, however I imagine that is the Espirito Santo prison case that emerged in 2017. Of notice
TelexFree’s Wanzeler & Costa cop 12 yrs prison in Brazil Read More »
