On paper OneCoin by no means formally operated within the US. Unofficially US traders had been being fed the identical lies and inspired to enroll. Spearheading these efforts had been Maurice Katz and Sal Leto. Katz and Leto hosted numerous OneCoin occasions throughout the US, with the help of native promoters. One such occasion was […]
How OneCoin was illegally promoted in the US Read More »
Matthew Lloyd McPhee has been handed down a $318 million greenback closing judgment. The March fifth order follows Lloyd’s MOBE settlement with the Receiver, which was accredited again in January. There may be appreciable overlap between the Receiver settlement and the ultimate order. The latter nonetheless brings the FTC’s proceedings towards Lloyd to an in
Matt Lloyd cops $318 mill MOBE fraud FTC judgment order Read More »
If you happen to ever puzzled what daily life was like in a $4 billion greenback Ponzi scheme, Konstantin Ignatov’s witness testimony might be your finest wager. BehindMLM reader WhistleBlowerFin has graciously made accessible transcripts from Scott’s trial late final 12 months. Along with his pre-trial testimony and reside reporting from the Interior Metropolis Press,
The witness testimony of Konstantin Ignatov Read More »
The Digital Altitude Receiver has opted to not pursue restoration efforts in opposition to Paradise Media Ventures and proprietor John Souza. In mild of that being the final excellent motion for the Receivership, the Receiver has filed for discharge. As a service provider supplier to Digital Altitude, Paradise Media Ventures (PMV) was paid $600,000 in
Digital Altitude Receivership over, PMV recovery dropped Read More »
A March twelfth standing convention within the Payza case has been rescheduled for April. In our final case replace (November 2019), negotiations between the DOJ and Patel defendants recommended case decision was imminent. These negotiations are ongoing, that means we haven’t had a stable case replace since January 2019. As per a March 4th movement
Payza money laundering case heading toward plea deals Read More »
Convicted OneCoin cash launderer Mark Scott is dealing with disbarment. In line with a report from the Miami Herald, Scott has been suspended from practising regulation as of final Wednesday. The Miami Herald’s report could be verified in opposition to Scott’s Florida Bar disciplinary motion web page, which hyperlinks to a Feb third Supreme Court
Mark Scott fighting disbarment over OneCoin fraud Read More »
A call on whether or not Jason and Eunjung Cardiff are in contempt stays pending, however within the meantime a number of different movement choices have gone towards them. The Cardiffs had challenged a preliminary injunction granted towards them in 2018. The injunction was granted as a part of the FTC’s client fraud case towards
Cardiffs lose family home, denied Redwood injunction relief Read More »
After the FTC shut down MOBE, promoters Michael Giannulis (aka Mike Antoni) and Michael Williams launched their very own clone rip-off. It’s taken a 12 months and a half, however the FTC has lastly moved to close My Ecom Membership down. The FTC sums up Giannulis’ and Williams’ web advertising profession as almost a decade
FTC shuts down MyEcom Club MOBE reboot scam Read More »
MOBE promoters Steven Bransfield, Michael Giannulis, Michael Williams, Gar Leong Chow and Scott Zuckman, have been hit with remaining judgments topping $41 million {dollars}. The FTC went after the scammers as a part of their MOBE fraud case. Every of the defendants have been prime house owners in MOBE. Steven Bransfield Information of Steven Bransfield
MOBE promoters hit with $41.4 million final judgments Read More »
The Redwood Scientific Applied sciences comedy roadshow continues… Jacques Poujade’s attraction has been denied. And Jason and Eunjung Cardiff are going through contempt for a second time. Final December Jacques Poujade (proper) filed an attraction in opposition to a beforehand granted contempt order. The contempt order imposed financial fines working into tens of 1000’s of
Poujade’s appeal denied, Cardiffs facing contempt (again) Read More »
