The Zeek Rewards Receiver has offered an replace on final partial distribution funds. In his April twentieth replace, the Receiver states: On Friday, April 17, I made a fourth partial interim distribution to affiliate-investors holding allowed claims. The Receiver Crew mailed over 122,000 checks for a complete distribution of roughly $28 million. A few of […]
Zeek Rewards victim distributions top 81% recovery Read More »
The CFTC has dropped their case towards Management Finance. On April sixth the court docket accepted the FTC’s movement to voluntarily dismiss Management Finance as a defendant. Emphasizing the absurdity of the case, Management Finance’s fictional CEO Benjamin Reynolds remains to be an lively defendant. Following his failure to reply to the case, the court
CFTC abandons fraud case against Control Finance Read More »
Though declare dispute filings proceed to clog the TelexFree case docket, litigation between the Trustee and IRS is probably going the explanation no declare distributions have gone out. We’ve recognized in regards to the IRS’ claims towards the Trustee for some time, however at present is the primary time we look at the case and
IRS’ $429 million claim puts TelexFree victim payouts at risk Read More »
Once in a while I run a couple of searches to inspect our solid of characters. Final night time I got here throughout an fascinating search consequence. Seems Montana served Nui a securities fraud stop and desist final September. In hindsight, this goes an extended strategy to clarify Darren Olayan’s subsequent disappearance and the entire
Nui served securities fraud C&D in Montana last Sep. Read More »
BitClub Community scammer Joby Weeks has filed one other emergency launch movement. Amongst others, Weeks’ movement is addressed to President Trump, Vice President Mike Pence, “All of the Supreme Courtroom Justices”, William Barr (US AG), and New Jersey Senators Corey Booker and Robert Menendez. As with the beforehand denied movement, Weeks calls for his launch
Joby Weeks appeals to Pres. Trump for COVID-19 release Read More »
The thriller of OneCoin co-founder Sebastian Greenwood’s post-extradition disappearance is over. On April sixth Greenwood’s 2018 indictment was unsealed, giving us all of the juicy particulars. A couple of 12 months and a half in the past, we caught wind of Greenwood’s arrest in Thailand. Thai authorities let slip Greenwood (proper) had been extradited to
Sebastian Greenwood’s OneCoin fraud indictment details Read More »
As requested by the SEC, on April 2nd the courtroom clerk recorded entry of default towards Charles Scoville. Later that very same day the SEC filed for default judgment. The SEC are looking for a disgorgement judgment of $2.4 million {dollars}, plus $110,893 in prejudgment curiosity and a to be decided civil penalty. Regardless of
SEC seeks Scoville default judgment + Receiver updates Read More »
By way of a letter addressed to the courtroom, David Pike’s attorneys have confirmed the OneCoin cash launderer intends to plead responsible. Pike was arrested final November on expenses associated to OneCoin cash laundering. Info on the case has been scarce owing to ongoing negotiations between Pike and DOJ. Final month we obtained a whiff
OneCoin money launderer David Pike to plead guilty Read More »
AirBit Membership has been banned in Italy following a securities fraud warning issued by CONSOB. CONSOB is Italy’s SEC equal. The regulator issued a securities fraud warning towards AirBit Membership on March thirtieth. In it’s warning CONSOB acknowledged AirBit Membership was “abusively provide monetary companies/monetary merchandise” in Italy. As per its enterprise mannequin, AirBit Membership
AirBit Club website blocked in Italy following fraud warning Read More »
Jason and Eunjung Cardiff have as soon as once more been present in contempt of court docket. Sadly because of the COVID-19 pandemic, the pair have been spared jail time. The Cardiffs’ makes an attempt to undermine the FTC lawsuit filed towards them have confirmed a nicely of popcorn materials from the onset. Seemingly unconcerned
Cardiffs found in contempt, dodge prison due to COVID-19 Read More »
