regulation – Page 98

DD Corporation collapses, owner blames programmers

DD Company, a Ponzi scheme that primarily focused Brazil, has collapsed. DD Company, reviewed on BehindMLM as Goals Digger, solicited funding on the promise of buying and selling bot returns. Returns haven’t been paid out since final December although, prompting proprietor Leonardo Araujo to substantiate the scheme’s collapse earlier this week. Brazilian authorities started investigating […]

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Mark Scott facing new OneCoin charges? (updated)

Frauds, OneCoin, regulation

A brand new entry on Mark Scott’s OneCoin case docket suggests he is likely to be going through new expenses. On March 2nd the DOJ filed an endorsed letter with the court docket. Within the letter, the DOJ request an adjournment of the change of plea management date on this matter that’s at the moment

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Crowd1 securities fraud warning issued in Paraguay

companies, Crowd1, Frauds, regulation

The Comision Nacional de Valores has issued a Crowd1 securities fraud warning for Paraguay. The CNV is Paraguay’s prime monetary regulator. On February twenty sixth the regulator issued a public warning, advising towards Crowd1 funding. The CNV identifies Crowd1 as a securities providing. The regulator notes Crowd1 just isn’t registered with the CNV and due

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OEA settles 8 Figure Dream Lifestyle fraud for $600K

companies, Frauds, regulation

On-line Training Academy (OEA) has reached a settlement pertaining to alleged 8 Determine Dream Way of life fraud. OEA settlement with the FTC will see the corporate pay $600,000 in financial judgement. To fulfill judgement, OEA will filter out three financial institution accounts. The rest of the $600,000 judgement is then suspended. One in all

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Success By Health preliminary injunction granted, FTC wins

companies, Frauds, regulation, Success By Health

A courtroom has granted the FTC’s request for a preliminary injunction towards Success By Well being and proprietor Jay Noland. The order was made following a damning evaluation by the Success By Well being Receiver, which concluded that simply 5% of company-wide income was attributable to retail gross sales. An MLM firm not making a

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Steven Seagal fined for not disclosing Bitcoiin Ponzi payment

companies, Frauds, Options Rider, regulation

In early 2018 Bitcoiin, to not be confused with bitcoin, launched its B2G pump and dump altcoin scheme. In an try and differentiate themselves from the plethora of MLM shitcoin Ponzi schemes on the market, Bitcoiin employed Steven Seagal as its Model Ambassador. On Wednesday, the SEC introduced it had issued Seagal with a proper

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OneCoin at the heart of ePayments Systems shutdown?

Frauds, OneCoin, regulation

ePayments Methods is among the UK’s largest digital funds firms. Effectively, it was… till the FCA unexpectedly shut it down on February eleventh. Together with the shutdown got here a freeze order, trapping what’s believed to be over £100 million in consumer funds. Oh, and did I point out there’s a particularly attention-grabbing tie to

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NZ authorities not pursuing OneCoin investigation

Frauds, OneCoin, regulation

New Zealand’s Commerce Fee has introduced it is not going to proceed with an investigation into OneCoin. The Monetary Markets Authority was the primary New Zealand regulator to difficulty a OneCoin warning again in 2018. Someday in 2019 New Zealand police filed a report with the Commerce Fee, detailing OneCoin associated fraud. The Commerce Fee

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Crowd1 banned in Namibia for being a Ponzi scheme

companies, Crowd1, Frauds, regulation

As recruitment throughout South Africa slows down, the Crowd1 Ponzi scheme will inevitably unfold throughout African borders. Neighboring Namibia is having none of it, opting to as an alternative ban Crowd1 The Financial institution of Namibia, the nation’s prime monetary regulator, prohibited Crowd1 final Friday. The core enterprise exercise of Crowd1 is to introduce new

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95% of Success By Health’s revenue was non-retail

companies, Frauds, regulation, Success By Health

On January thirteenth, as a part of a TRO granted to the FTC, the courtroom appointed a Success By Well being Receiver. On February 10 the Receiver filed her first report on the enterprise. Success By Well being’s Nevada Workplace The identical day the TRO was granted, FTC and Receivership brokers visited Success By Well

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